BAR 주가 전망 및 ETF 분석 - 배당·운용보수·보유종목·NAV·RSI·MACD

BAR

GraniteShares Gold Trust

7월 27일 4:00 PM ET (한국 7/28 05:00)

$40.20

+0.28 ▲ +0.70%

BAR ETF is analyzed across 10 metrics including expense ratio, holdings, sector allocation, dividends, RSI, and MACD.

Total Expense Ratio

0.17%

Annual operating cost

Net Assets (AUM)

$1.3B

약 2조원

Holdings

2 items

Dividend Yield

Management Style

Passive

Category ⓘ	Commodities & Metals - Gold / Metals	Asset Type ⓘ	Commodities & Metals	Return% 1Y ⓘ	19.41%	Total Holdings ⓘ	2	Perf Week ⓘ	1.9%
ETF Type ⓘ	Global Commodities & Metals	Active/Passive ⓘ	Passive	Return% 3Y ⓘ	26.82%	AUM ⓘ	$1.3B	Perf Month ⓘ	1.46%
Expense ⓘ	0.17%	NAV ⓘ	$40.04	Return% 5Y ⓘ	17.3%	52W High ⓘ	-26.41%	Perf Quarter ⓘ	-13.47%
Dividend TTM ⓘ	-	Div Gr. 3/5Y ⓘ	-	Return% 10Y ⓘ	-	52W Low ⓘ	24.73%	Perf Half Y ⓘ	-18.11%
Flows% 1M ⓘ	-3.34%	Flows% YTD ⓘ	-6.11%	Return% SI ⓘ	13.26%	Volatility(W/M) ⓘ	0.77% 1.16%	Perf YTD ⓘ	-5.39%
SMA20 ⓘ	0.45%	SMA50 ⓘ	-3.66%	SMA200 ⓘ	-8.95%	RSI (14) ⓘ	47.24	Beta ⓘ	0.17
IPO ⓘ	2017/8/31	Prev Close ⓘ	$39.92	Perf Year ⓘ	22.11%	Avg Volume ⓘ	0.24M	Price ⓘ	$40.2

📊 GraniteShares Gold Trust (BAR) Investment Analysis

ETF Overview

GraniteShares Gold Trust · Commodities & Metals - Gold / Metals

원자재형 — 금·원유·농산물 등 실물 자산 노출

2017년 상장, 9년 운영 중.

GraniteShares Gold Trust generally aims to reflect the performance of gold prices. This security is designed to provide a simple and cost-effective means of investing similar to investing directly in gold.

📘 BAR ETF 자세히 알아보기 →

Globalcommodityprecious-metalsgold

규모: $1.3B 약 2조원
운용사: GraniteShares
운용 방식: 패시브 (지수 추종)
상장일: 2017년

Cost Efficiency

Annual Expense Ratio · Category Rank · Long-Term Cost Impact

Low-cost ETF — 0.17% annually

상위 25% within Commodities & Metals - Gold / Metals. For a ₩100M investment, roughly ₩170,000/year.

Effective Annual Expense Ratio (Net Expense Ratio)

상위 25%

0.17%

My positionTop 25%

Low range Average High range

Actual Cost Simulation by Investment Amount

$100.0M

Annual Expense Ratio

$170K

Save $420K per year vs. category average

Category Median Annual Cost

$590K

Based on expense ratio of 0.59%

10-Year Cumulative Expense Ratio (Long-term simulation assuming 7% annual market growth)

$3.1M

3.2% of returns you could have earned goes to the fund manager due to fees

💡 Because the expense ratio takes a slice of your assets every year, costs compound over 10 years and result in far greater losses than a simple sum (annual fee × 10). The 7% annual return assumption is based on the S&P 500's long-term average.

Defaults shown against $100K baseline portfolio. Adjust the slider to update the amount in real time.

Cheaper alternatives in the same category

IAUM

iShares Gold Trust Micro

0.09%

-0.08%p annually

GLDM

SPDR Gold MiniShares Trust

0.10%

-0.07%p annually

FGDL

Franklin Responsibly Sourced Gold ETF

0.15%

-0.02%p annually

* A lower fee does not necessarily mean a better ETF. Consider the tracked index, liquidity, and tax treatment as well.

Long-Term Performance

1-year · 3-year · 5-year · 10-year returns · vs. benchmark · drawdown defense

Upper-tier returns in its category

상위 25% within Commodities & Metals - Gold / Metals.+1.6%p vs. benchmark (SPY) over 1Y.

ℹ️ The "1Y·3Y·5Y·10Y" periods below represent annualized returns (CAGR) measured backward from today. Example: "3Y +12%" means the investment grew at a compounded 12% per year over the past three years.

🪙 Commodity ETFs — Price moves, not dividends

These products are exposed to spot (or futures) commodity prices, pay no dividends, and returns come purely from price changes. Benchmarking against the commodity itself (rather than an index like SPY) may be more meaningful.

If you had invested 5 year(s) ago

$100.0M

Today's value

$222.1M

→

Total gain

+$122.1M

Annualized +17.3%

1 Year

2025.07 ~ 2026.07

Annualized +19.41%

평균권

Outperformed the benchmark by 1.6%p annually

My positionMid-range

Low range Average High range

3 Years

2023.07 ~ 2026.07

Annualized +26.82% Cumulative +104.0%

상위 25%

Outperformed the benchmark by 7.8%p annually

My positionTop 25%

Low range Average High range

5 Years

2021.07 ~ 2026.07

Annualized +17.30% Cumulative +122.1%

상위 25%

Outperformed the benchmark by 4.4%p annually

My positionTop 25%

Low range Average High range

10Y

2016.07 ~ 2026.07

Listed 2017/8 — under 10 years

9Y Cumulative Total Return Curve

2017-09-01 start, based on a 100M KRW base — read the curve values directly as units of 100M KRW (e.g., 308 → 3.08억 / 308M KRW). Both this ETF and the benchmark are rebased to 100 on the same start date for comparison.

BAR · Price Only BAR · Price + Cumulative Dividends BAR · Dividend Reinvested S&P 500 (SPY)

150

250

350

ℹ️ Price Only: Excludes dividends and tracks pure stock price only. Covered-call and high-dividend ETFs often show a flat or declining line on this view, which is meaningful from a "principal preservation" standpoint. Price + Cumulative Dividend: Share count stays the same and received dividends are accumulated as cash. Closely matches your actual account total assets. Reinvested: Dividends are immediately used to buy additional shares (adjClose-based, the industry standard for total return). The wider the gap between the three lines, the easier it is to gauge the effectiveness of the dividend strategy.

Annual Return Comparison

ETF returns vs S&P 500 (SPY) by calendar year

BAR S&P 500 (SPY)

+70%

−70%

-2%

2017

-3%

2018

+18%

2019

+24%

2020

-6%

2021

+1%

2022

+12%

2023

+27%

2024

+62%

2025

-6%

2026 YTD

💡 SPY is an equity benchmark, so direct comparison with different asset classes is for reference only.

ℹ️ Returns from January 1 to December 31 of each year. The current year (2026) column is dimmed to indicate YTD (incomplete). If blue is higher than gray, the ETF outperformed the benchmark in that year.

Win rate vs S&P 500 (SPY)

5 / 9Y

Roughly even with benchmark (56%)

+ 2026 YTD: Behind (-5.8% vs 8.5%)

2017 ✗

2018 ✓

2019 ✗

2020 ✓

2021 ✗

2022 ✓

2023 ✗

2024 ✓

2025 ✓

2026 ✗ YTD

💡 Win rates against SPY are for reference only, since the asset class differs.

ℹ️ Number of winning years versus S&P 500 (SPY) within a completed calendar year (1/1–12/31). The current year (YTD) is reported separately.

Downside Capture

🛡️ 21%

Falls less than the benchmark in drawdowns — strong downside protection

<85% (Defend) 85~110% (Track) >110% (Lag)

ℹ️ Average % drop of this ETF when S&P 500 (SPY) is −1%. Based on daily returns over the past 3 years (only days where the benchmark is negative).

Risk Profile

Volatility · Beta · Max Drawdown · Sharpe · Drawdown Recovery History

Overall Risk Grade

Commodity Benchmark

Commodities move on a different rhythm than the stock market, and volatility varies widely by type — gold tends to be stable while crude oil can swing sharply.

🪙 Commodity ETFs — Independent volatility patterns

Commodities move on a different cycle than equities. Beta (vs. stocks) carries little meaning, and volatility varies widely by asset (low for gold, high for crude oil).

Beta (market sensitivity)

상위 25%

0.17

If the market rises +10% +1.7%

If the market falls -10% -1.7%

My positionTop 25%

Low range Average High range

ℹ️ A beta of 1.0 moves in line with the market. Above 1 means it moves more than the market; below 1 means less.

Average daily range (last 1 month)

상위 25%

±1.16%

S&P 500 typically ±1.0~1.3% · Bond funds ±0.3% · Leveraged ETFs ±3% or more

Annual volatility trend (past 10 years)

ℹ️ This ETF's average daily price swing. 1% means "on average, moves about ±1% per day." The rolling curve below shows the annualized volatility (long-term standard measure) over time.

Max Drawdown · Past 10 years

-26.3%

Drawdown duration: 6 months

2026-01-29 → 2026-07-16

Still recovering

2017-09-01 Worst -25% 2026-07-01

ℹ️ Maximum drawdown is the largest peak-to-trough decline in the past. It represents the worst-case loss a long-term investor must psychologically endure.

Sharpe Ratio (Risk-Adjusted Return)

0.62

Average — Moderate risk-adjusted returns

ℹ️ Annualized return minus the risk-free rate (3% annualized), divided by annualized volatility. A value above 1.0 is generally considered good risk-adjusted performance.

Estimated Monthly Maximum Loss (VaR 95%)

-5.8%

Historically, monthly losses exceeding this figure occurred only5%of the time.

ℹ️ A statistical estimate meaning "with 95% probability, monthly losses will not exceed this amount." The remaining 5% corresponds to crisis-level events such as financial crises or pandemics.

Overall investment appeal

What this ETF fits best — strengths, weaknesses, and target investor profile

A balanced, attractive ETF Holds up well across cost, performance, and stability.

🎯 목적별 적합도

내가 이 ETF를 어떤 목적으로 활용할 수 있는지 확인하세요.

🌳

장기 보유

수년 이상 꾸준히 모아갈 때

보통

💵

배당 인컴

매월·분기 현금흐름이 목적일 때

매우 낮음

⚡

단기 트레이딩

며칠~몇 주 단기 방향성 매매

낮음

🧩

포트폴리오 보조

자산 배분·헤지 용도

매우 적합

👤

이런 분에게 어울려요

Investors seeking asset diversification

✅ 강점

💸Low cost — 0.17% annually
📈Top-tier long-term returns
🛡️Below-average volatility
🎯Outperforms benchmark by +4.4%p annually

⚠️ 약점·주의사항

특별한 약점이 보이지 않아요.

Category Peers

Category: Commodities & Metals - Gold / Metals

같은 카테고리 6종 중 AUM 6/6위 · 보수율 2/6위

카테고리: Commodities & Metals - Gold / Metals

ℹ️ 왜 비교해야 하나요?

같은 카테고리 ETF끼리는 보수율·규모(AUM)·배당률을 비교해 볼 가치가 있어요. 보수율은 낮을수록 장기 수익에 유리하고, AUM이 크면 운용 안정성이 높아요. ▲ 표시는 BAR보다 유리, ▼ 표시는 BAR보다 불리를 뜻해요.

티커	ETF명	보수율	AUM	보유종목	배당률	YTD	1년
BAR	GraniteShares Gold Trust	0.17%	$1.3B	2	-	-5.39%	+22.11%
GLD	SPDR Gold Shares	0.4% ▼	$131.9B ▲	1	-	-	+21.87% ▼
IAU	iShares Gold Trust	0.25% ▼	$60.4B ▲	1	-	-	+22.05% ▼
SLV	iShares Silver Trust	0.5% ▼	$28.2B ▲	1	-	-	+52.71% ▲
GLDM	SPDR Gold MiniShares Trust	0.1% ▲	$27.6B ▲	1	-	-	+22.23% ▲
SGOL	Abrdn Gold ETF Trust	0.17%	$6.8B ▲	1	-	-	+22.08% ▼

AUM 내림차순 정렬 · ▲ BAR보다 유리 · ▼ BAR보다 불리

Leveraged & Covered Call ETFs on the Same Theme

ETFs that approach the same theme with a different strategy

21 ETFs tracking the same theme as BAR using leveraged or covered call strategies (Leverage 8 · Inverse 6 · Covered Call 7)

Not direct derivatives of BAR, but ETFs that cover the same theme via a different strategy.

ℹ️ Which ETFs are included?

Among ETFs whose theme (category or sector) overlaps with BAR, some use special strategies. Leveraged ETFs aim for 2–3× the daily move, Inverse ETFs seek opposite-direction returns, and Covered Call ETFs generate monthly income from option premiums.

⚠️ Caution: Long-Term Holding

Leveraged and inverse ETFs track only the daily return. With high volatility, holding them for longer periods causes cumulative volatility decay—returns diverge further from the underlying index. They are meant for short-term trading.

📈 Leverage 8 ETFs that amplify the same theme by 2-3x (high volatility)