AGGA vs. GSG

Last updated Jul 17, 2026

AGGA (Astoria Dynamic Core US Fixed Income ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - AGGA is a Multisector Bonds fund actively managed by Astoria, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. AGGA is actively managed, while GSG is passively managed. Over the past year, AGGA returned 4.08% vs 37.41% for GSG. At a correlation of -0.35, they often move in opposite directions. AGGA charges 0.55%/yr vs 0.75%/yr for GSG.

Performance

AGGA vs. GSG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Astoria Dynamic Core US Fixed Income ETF (AGGA) and iShares S&P GSCI Commodity-Indexed Trust (GSG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGGA achieves a 0.99% return, which is significantly lower than GSG's 33.95% return.

AGGA

• 1D: -0.02%
• 1M: -0.12%
• 6M: 0.72%
• YTD: 0.99%
• 1Y: 4.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GSG

• 1D: -0.93%
• 1M: 4.15%
• 6M: 29.74%
• YTD: 33.95%
• 1Y: 37.41%
• 3Y*: 15.32%
• 5Y*: 14.20%
• 10Y*: 7.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGGA vs. GSG - Yearly Performance Comparison

	2026 (YTD)	2025
AGGA Astoria Dynamic Core US Fixed Income ETF	0.99%	4.49%
GSG iShares S&P GSCI Commodity-Indexed Trust	33.95%	11.13%

Correlation

The correlation between AGGA and GSG is -0.37, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.37
Correlation (All Time) Calculated using the full available price history since May 1, 2025	-0.35

Return for Risk

AGGA vs. GSG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGGA

AGGA Risk / Return Rank: 76
AGGA Sharpe Ratio Rank: 75
AGGA Sortino Ratio Rank: 80
AGGA Omega Ratio Rank: 78
AGGA Calmar Ratio Rank: 70
AGGA Martin Ratio Rank: 75

GSG

GSG Risk / Return Rank: 54
GSG Sharpe Ratio Rank: 60
GSG Sortino Ratio Rank: 56
GSG Omega Ratio Rank: 57
GSG Calmar Ratio Rank: 48
GSG Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGGA vs. GSG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Astoria Dynamic Core US Fixed Income ETF (AGGA) and iShares S&P GSCI Commodity-Indexed Trust (GSG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AGGA	GSG	Difference
Sharpe ratio: Return per unit of total volatility	1.92	1.60	+0.32
Sortino ratio: Return per unit of downside risk	2.86	2.20	+0.66
Omega ratio: Gain probability vs. loss probability	1.37	1.29	+0.08
Calmar ratio: Return relative to maximum drawdown	2.80	2.00	+0.80
Martin ratio: Return relative to average drawdown	11.03	6.66	+4.37

AGGA vs. GSG - Sharpe Ratio Comparison

The current AGGA Sharpe Ratio is 1.92, which is comparable to the GSG Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of AGGA and GSG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AGGA vs. GSG - Drawdown Comparison

The maximum AGGA drawdown since its inception was -1.47%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for AGGA and GSG.

Drawdown Indicators

	AGGA	GSG	Difference
Max Drawdown Largest peak-to-trough decline	-1.47%	-89.62%	+88.15%
Max Drawdown (1Y) Largest decline over 1 year	-1.47%	-18.81%	+17.34%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-57.64%	—
Current Drawdown Current decline from peak	-0.36%	-59.56%	+59.20%
Average Drawdown Average peak-to-trough decline	-0.22%	-63.68%	+63.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.37%	5.63%	-5.26%

Volatility

AGGA vs. GSG - Volatility Comparison

The current volatility for Astoria Dynamic Core US Fixed Income ETF (AGGA) is 0.67%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.17%. This indicates that AGGA experiences smaller price fluctuations and is considered to be less risky than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGGA	GSG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.67%	7.17%	-6.50%
Volatility (6M) Calculated over the trailing 6-month period	1.74%	21.54%	-19.80%
Volatility (1Y) Calculated over the trailing 1-year period	2.14%	23.48%	-21.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.23%	22.80%	-20.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.23%	22.00%	-19.77%

AGGA vs. GSG - Expense Ratio Comparison

AGGA has a 0.55% expense ratio, which is lower than GSG's 0.75% expense ratio.

Dividends

AGGA vs. GSG - Dividend Comparison

AGGA's dividend yield for the trailing twelve months is around 4.23%, while GSG has not paid dividends to shareholders.

Position	TTM	2025
AGGA Astoria Dynamic Core US Fixed Income ETF	4.23%	2.81%
GSG iShares S&P GSCI Commodity-Indexed Trust	0.00%	0.00%

Frequently Asked Questions

Can I hold both AGGA and GSG in my portfolio?

AGGA and GSG have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGGA or GSG?

GSG has higher volatility (7.17%) compared to AGGA (0.67%). In terms of maximum drawdown, AGGA dropped -1.47% vs GSG's -89.62%.

Which ETF is better, AGGA or GSG?

On 1-year performance, GSG leads with 37.41% vs 4.08% for AGGA. On fees, AGGA is cheaper at 0.55% per year. On volatility, AGGA has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AGGA or GSG?

Over the 1-year period, GSG has performed better with a 37.41% return vs 4.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AGGA or GSG?

AGGA is cheaper with a 0.55% expense ratio, compared with 0.75% for GSG.

Which ETF pays a higher dividend yield, AGGA or GSG?

AGGA has the higher dividend yield at 4.23%, compared with 0.00% for GSG.

What is the main difference between AGGA and GSG?

AGGA is categorized as Multisector Bonds, while GSG is Commodities. They also come from different issuers: Astoria and iShares. Their fees differ too: 0.55% for AGGA and 0.75% for GSG.

Which has better risk-adjusted returns?

AGGA currently has the higher Sharpe Ratio (1.92 vs 1.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.