GraniteShares Gold Shares (BAR) — Stock Correlations & Overview
Over the past year, BAR has moved most closely with IAU, GLD, SGOL. Explore the stocks most correlated and inversely correlated with BAR below, along with its price, financials, and company profile.
Stocks correlated with BAR
Correlation of daily returns. Higher positive values move with BAR; negative values move opposite it. Informational only, not investment advice.
Most correlated with BAR
| Symbol | Company | Correlation |
|---|---|---|
| IAU | iShares Gold TrustCOMMODITY CONTRACTS BROKERS & DEALERS | 1.00 |
| GLD | SPDR Gold Trust, SPDR Gold SharesCOMMODITY CONTRACTS BROKERS & DEALERS | 1.00 |
| SGOL | abrdn Physical Gold Shares ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 1.00 |
| AAAU | Goldman Sachs Physical Gold ETF SharesCOMMODITY CONTRACTS BROKERS & DEALERS | 1.00 |
| GLDM | SPDR Gold MiniSharesCOMMODITY CONTRACTS BROKERS & DEALERS | 1.00 |
Most inversely correlated with BAR
| Symbol | Company | Correlation |
|---|---|---|
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -1.00 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.99 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.85 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.84 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.84 |
Frequently asked questions about BAR correlations
- Which stocks are most correlated with BAR?
- Based on one year of daily returns, the stocks most correlated with GraniteShares Gold Shares (BAR) are IAU (1.00), GLD (1.00) and SGOL (1.00). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with BAR?
- Over the past year, the stocks most inversely correlated with GraniteShares Gold Shares (BAR) are GLL (-1.00), DULL (-0.99) and DUST (-0.85). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these BAR correlations calculated?
- We compute the correlation of daily returns between BAR and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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