GraniteShares Gold Trust

10-Year Study

BAR.US · · US · ETF

Executive Summary: GraniteShares Gold Trust has compounded at 15.9% annually over the last 10 years, with a maximum drawdown of 17.7% and an annualized volatility of 14.3%.

1Y CAGR
+50.1%
3Y CAGR
+35.5%
5Y CAGR
+20.4%
10Y CAGR
+15.9%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
17.7%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.85
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
1.72
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
14.8%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +64.1%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2021 · -3.9%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
67%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
202612.38.7-11.02.3————————11.0%
20256.81.99.45.40.00.4-0.65.011.73.65.32.364.1%
2024-1.40.58.73.01.7-0.25.42.15.14.4-3.1-1.427.0%
20235.8-5.37.90.9-1.3-2.22.2-1.2-4.87.42.51.313.0%
2022-1.76.21.3-2.0-3.2-1.6-2.5-3.0-2.8-1.88.52.9-0.6%
2021-3.1-6.2-1.13.57.6-7.02.40.0-3.21.4-0.73.3-3.9%
20204.6-0.6-0.16.92.82.810.8-0.4-4.2-0.5-5.36.925.0%
20192.9-0.6-1.5-0.71.78.10.17.8-3.12.3-3.13.618.2%
20183.3-2.20.5-0.3-1.5-3.5-2.3-2.1-0.61.80.64.9-1.9%
2017————————-2.7-0.90.42.2-1.1%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 14.3%. The dominant macroeconomic risk driver is GLD.US, accounting for 99.6% of variance. Idiosyncratic stock-specific factors contribute 0.0%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2017-08-0110000
2017-09-019726.065847367621
2017-10-019638.142922166591
2017-11-019673.797602791687
2017-12-019885.449855864057
2018-01-0110213.92808375057
2018-02-019987.862236382945
2018-03-0110035.654680625095
2018-04-0110001.517220452131
2018-05-019846.760734334699
2018-06-019498.558640570474
2018-07-019277.803064785314
2018-08-019082.84023668639
2018-09-019029.737520861781
2018-10-019193.369746624185
2018-11-019246.700045516614
2018-12-019700.955848884843
2019-01-019984.751934456075
2019-02-019929.449248975876
2019-03-019778.485813988773
2019-04-019710.210893642847
2019-05-019877.105143377332
2019-06-0110673.645880746471
2019-07-0110681.231983007132
2019-08-0111515.703231679561
2019-09-0111159.156425428615
2019-10-0111417.083902291002
2019-11-0111060.081929904414
2019-12-0111462.600515854952
2020-01-0111993.627674101046
2020-02-0111925.35275375512
2020-03-0111910.180549233803
2020-04-0112729.47959338492
2020-05-0113086.026399635866
2020-06-0113457.74541040813
2020-07-0114906.690942193898
2020-08-0114846.002124108632
2020-09-0114223.941738734638
2020-10-0114155.666818388712
2020-11-0113404.642694583525
2020-12-0114330.147170383858
2021-01-0113890.153239265663
2021-02-0113025.3375815506
2021-03-0112881.201638598088
2021-04-0113336.367774237595
2021-05-0114352.905477165834
2021-06-0113343.953876498255
2021-07-0113670.156273706569
2021-08-0113670.156273706569
2021-09-0113230.162342588379
2021-10-0113419.81489910484
2021-11-0113328.781671976936
2021-12-0113768.77560309513
2022-01-0113541.192535275377
2022-02-0114375.663783947808
2022-03-0114565.31634046427
2022-04-0114269.458352298587
2022-05-0113806.706114398421
2022-06-0113586.709148839327
2022-07-0113245.334547109695
2022-08-0112850.857229555455
2022-09-0112494.310423304505
2022-10-0112266.727355484752
2022-11-0113306.02336519496
2022-12-0113692.914580488545
2023-01-0114481.869215597026
2023-02-0113719.46593840085
2023-03-0114800.485510544682
2023-04-0114937.035351236536
2023-05-0114739.796692459415
2023-06-0114421.18039751176
2023-07-0114739.796692459415
2023-08-0114565.31634046427
2023-09-0113867.39493248369
2023-10-0114891.518737672583
2023-11-0115270.823850705507
2023-12-0115468.062509482628
2024-01-0115255.65164618419
2024-02-0115331.512668790776
2024-03-0116659.08056440601
2024-04-0117159.76331360947
2024-05-0117448.03519951449
2024-06-0117417.690790471857
2024-07-0118350.781368532847
2024-08-0118737.67258382643
2024-09-0119701.107570930053
2024-10-0120558.337126384464
2024-11-0119913.518434228492
2024-12-0119640.418752844787
2025-01-0120975.57275072068
2025-02-0121377.636170535578
2025-03-0123395.53937187073
2025-04-0124654.832347140036
2025-05-0124654.832347140036
2025-06-0124761.037778789258
2025-07-0124609.315733576084
2025-08-0125845.85040206342
2025-09-0128872.70520406615
2025-10-0129919.58731603702
2025-11-0131520.254893035955
2025-12-0132233.348505537855
2026-01-0136200.87998786223
2026-02-0139341.526323774844
2026-03-0134994.68972841754
2026-04-0135791.23046578668
Annual Return Matrix
YearAnnual Return
2018-0.01866318778297904
20190.1815949576940521
20200.25016545334215756
2021-0.03917416622551628
2022-0.0055096418732780705
20230.1296398891966759
20240.26974006866110845
20250.6411741985322519
20260.11037891268533762
Total Factor Risk
0.14337054174101344
VTI.US Exposure
0.00374000580531541
VEA.US Exposure
0.005021238546897203
VWO.US Exposure
-0.00341186046473786
QQQ.US Exposure
-0.0005139890119781268
VTV.US Exposure
-0.00313802288495349
IJR.US Exposure
0.0003535210351091531
QUAL.US Exposure
-0.0011730747348710608
SHV.US Exposure
0.0005912195546143195
TLT.US Exposure
-0.00041618900289962896
LQD.US Exposure
0.00039548557280116387
HYG.US Exposure
-0.0014546765887864933
GLD.US Exposure
0.9957611026237452
USO.US Exposure
0.00004210418914134578
VNQ.US Exposure
0.00042250138024187866
BTC-USD.CC Exposure
-0.00001517325330679956
CPER.US Exposure
0.0009651737061055451
VIX.INDX Exposure
-0.00002630988346245921
UUP.US Exposure
0.0003402880545111423
TIP.US Exposure
0.002404152091858047
Idiosyncratic Exposure
0.00011250326465549808
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
14.3%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-2.2%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+14.4%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
11.2% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.67
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is GraniteShares Gold Trust a high-risk investment?

GraniteShares Gold Trust (BAR.US) has an annualized volatility of 14.3% and experienced a maximum drawdown of 17.7% over the last 10 years. Its primary macro risk driver is GLD.US.

What is the 10-year return of BAR.US?

Over the past 10 years, BAR.US has generated a Compound Annual Growth Rate (CAGR) of 15.9%. It has had a positive return in 67% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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