ETF Evaluator:
GraniteShares Gold Trust ()
Follow This ETF
(as of Aug 26)
Best Performing in Commodities Focused Over the Last Year
| 2251.5% | Breakwave Tanker Shipping ETF (BWET) |
| 81.8% | United States Gasoline (UGA) |
| 64.2% | Commodities Focused () |
| 63.3% | Invesco DB Energy (DBE) |
| 61.8% | United States Oil (USO) |
Risk
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Risk
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ETF Details
GraniteShares Gold Trust Overview
GraniteShares Gold Trust (BAR) is a passively managed Commodities Commodities Focused exchange-traded fund (ETF). Graniteshares launched the ETF in 2017.
The investment seeks for the value of the Shares to reflect, at any given time, the value of the assets owned by the Trust at that time less the Trust’s accrued expenses and liabilities as of that time.
About GraniteShares Gold Trust (BAR)
There are 1 members of the management team with an average tenure of 8.94 years: Management Team (2017). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: LBMA Gold Price PM USD index with a weighting of 100%. GraniteShares Gold Trust has 1 securities in its portfolio. The top 10 holdings constitute 100.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
GraniteShares Gold Trust is part of the Real Assets global asset class and is within the Commodities ETF group. GraniteShares Gold Trust has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). GraniteShares Gold Trust has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $4 billion average for the Commodities Focused category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BAR Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The GraniteShares Gold Trust expense ratio is low compared to funds in the Commodities Focused category. GraniteShares Gold Trust has an expense ratio of 0.17%, which is 77% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. GraniteShares Gold Trust has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 15% for the Commodities Focused category.
Recently, in the month of July 2026, GraniteShares Gold Trust returned -0.0%, which earned it a grade of D, as the Commodities Focused category had an average return of 5.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
GraniteShares Gold Trust has a trailing yield of 0.00%, which is below the 7.11% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
GraniteShares Gold Trust Grades
Year to date, the ETF has returned -6.6%, 38.0 percentage points worse than the category, which translates into a grade of D. The fund has returned 21.9% over the past year (grade of C), 26.7% over the past three years (grade of A) and 16.9% per year over the past five years (grade of B).
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BAR Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BAR Return (NAV) | -0.0% | -12.7% | 21.9% | 26.7% | 16.9% | na |
| BAR Return (Price) | 0.8% | -12.3% | 22.8% | 27.1% | 17.2% | na |
| NAV +/- Price Return | -0.812% | -0.459% | -0.991% | -0.378% | -0.267% | na |
| Commodities Focused Avg | 5.1% | -6.8% | 64.2% | 14.3% | 9.6% | 6.0% |
| BAR Grade (NAV) | D | D | C | A | B | na |
| +/- Category (NAV) | -5.1% | -5.9% | -42.3% | 12.3% | 7.4% | na |
| BAR Tax-Cost Ratio | na | na | 0.0% | 0.0% | 0.0% | na |
BAR Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BAR Return (NAV) | -6.6% | 64.7% | 26.4% | 13.6% | -0.6% | -3.9% | 24.0% | 18.6% | -1.3% | na | na |
| BAR Return (Price) | -6.2% | 64.1% | 27.0% | 13.0% | -0.6% | -3.9% | 25.0% | 18.2% | -1.9% | na | na |
| NAV +/- Price Ret | -0.062% | -0.009% | 0.023% | -0.047% | -0.084% | -0.001% | 0.044% | -2.5% | 39.7% | na | na |
| Commodities Focused Avg | 31.4% | 35.6% | 6.2% | -1.1% | 9.2% | 27.8% | 1.5% | 14.9% | -9.5% | 3.1% | 10.0% |
| BAR Grade (NAV) | D | B | A | A | D | D | A | B | A | na | na |
| +/- Category | -38.0% | 29.1% | 20.1% | 14.7% | -9.8% | -31.8% | 22.5% | 3.7% | 8.1% | na | na |
| Risk Measures | |
| Beta: | 0.36 |
| R-Squared: | 7% |
| Standard Deviation: | 18.5% |
| Category Risk Index: | 0.73 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 1.51 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 1,310 Mil |
| Share Class Assets: | $ 1,310 Mil |
| Turnover: | na |
| Expense Ratio: | 0.17% |
| Index Fund: | Yes |
| Index Tracked: | LBMA Gold Price PM USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 8.9 years | |||
| Average Tenure: 8.9 years | |||
| Managers (Year): Team Management (2017) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 1 |
| % in Top 10 Holdings: | 100.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 100.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Grantor Trust |
| Fund Family: | Graniteshares |
| Phone Number: | 844-476-8747 |
| Website: | http://www.graniteshares.com/ |
| Inception Date: | August 23, 2017 |
Expenses and Fees
| Expense Ratio (%): | 0.17% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.76% |
