BBBL vs. GSG
BBBL (Bondbloxx BBB Rated 10+ Year Corporate Bond ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - BBBL is a Long-Term Bond fund tracking the Bloomberg U.S. Corporate BBB 10+ Year Index - Benchmark TR Gross, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past year, BBBL returned 4.19% vs 38.08% for GSG. At a correlation of -0.19, they often move in opposite directions. BBBL charges 0.19%/yr vs 0.75%/yr for GSG.
Performance
BBBL vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, BBBL achieves a -0.58% return, which is significantly lower than GSG's 34.43% return.
BBBL
- 1D
- 0.20%
- 1M
- -2.25%
- 6M
- -1.44%
- YTD
- -0.58%
- 1Y
- 4.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- 1.57%
- 1M
- 1.37%
- 6M
- 28.74%
- YTD
- 34.43%
- 1Y
- 38.08%
- 3Y*
- 15.01%
- 5Y*
- 14.34%
- 10Y*
- 7.57%
BBBL vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF | -0.58% | 7.02% | 0.93% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 34.43% | 5.93% | 4.81% |
Correlation
The correlation between BBBL and GSG is -0.36, 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 | -0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024 | -0.19 |
The correlation between BBBL and GSG shifts across timeframes, from -0.36 (1 year) to -0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BBBL vs. GSG — Risk / Return Rank
BBBL
GSG
BBBL vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) 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.
| BBBL | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.29 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 2.03 | -1.26 |
| Martin ratioReturn relative to average drawdown | 1.88 | 6.88 | -5.00 |
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Drawdowns
BBBL vs. GSG - Drawdown Comparison
The maximum BBBL drawdown since its inception was -9.43%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for BBBL and GSG.
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Drawdown Indicators
| BBBL | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.43% | -89.62% | +80.19% |
Max Drawdown (1Y)Largest decline over 1 year | -5.45% | -18.81% | +13.36% |
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 DrawdownCurrent decline from peak | -3.63% | -59.41% | +55.78% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -63.69% | +60.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 5.55% | -3.32% |
Volatility
BBBL vs. GSG - Volatility Comparison
The current volatility for Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) is 1.85%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.37%. This indicates that BBBL 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.
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Volatility by Period
| BBBL | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 7.37% | -5.52% |
Volatility (6M)Calculated over the trailing 6-month period | 5.95% | 21.54% | -15.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.67% | 23.48% | -15.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.71% | 22.80% | -13.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.71% | 22.00% | -12.29% |
BBBL vs. GSG - Expense Ratio Comparison
BBBL has a 0.19% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
BBBL vs. GSG - Dividend Comparison
BBBL's dividend yield for the trailing twelve months is around 5.72%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF | 5.72% | 5.77% | 5.19% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BBBL and GSG have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (7.37%) compared to BBBL (1.85%). In terms of maximum drawdown, BBBL dropped -9.43% vs GSG's -89.62%.
On 1-year performance, GSG leads with 38.08% vs 4.19% for BBBL. On fees, BBBL is cheaper at 0.19% per year. On volatility, BBBL has been the lower-risk option at 1.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GSG has performed better with a 38.08% return vs 4.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBBL is cheaper with a 0.19% expense ratio, compared with 0.75% for GSG.
BBBL has the higher dividend yield at 5.72%, compared with 0.00% for GSG.
BBBL is categorized as Long-Term Bond, while GSG is Commodities. BBBL tracks Bloomberg U.S. Corporate BBB 10+ Year Index - Benchmark TR Gross, while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: BondBloxx and iShares. Their fees differ too: 0.19% for BBBL and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (1.63 vs 0.55), 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.
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