CPB vs. GSG
CPB (Campbell Soup Company) is a stock, while GSG (iShares S&P GSCI Commodity-Indexed Trust) is Commodities fund tracking the S&P GSCI Total Return Index. Over the past 10 years, CPB returned -7.12%/yr vs 7.69%/yr for GSG. At a 0.06 correlation, their price movements are largely independent.
Performance
CPB vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, CPB achieves a -22.19% return, which is significantly lower than GSG's 42.58% return. Over the past 10 years, CPB has underperformed GSG with an annualized return of -7.12%, while GSG has yielded a comparatively higher 7.69% annualized return.
CPB
- 1D
- 0.00%
- 1M
- 2.39%
- YTD
- -22.19%
- 6M
- -27.33%
- 1Y
- -35.13%
- 3Y*
- -22.65%
- 5Y*
- -12.59%
- 10Y*
- -7.12%
GSG
- 1D
- 0.77%
- 1M
- -4.83%
- YTD
- 42.58%
- 6M
- 41.06%
- 1Y
- 51.52%
- 3Y*
- 19.31%
- 5Y*
- 15.74%
- 10Y*
- 7.69%
CPB vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPB Campbell Soup Company | -22.19% | -30.47% | 0.09% | -21.45% | 34.84% | -7.19% | 0.72% | 55.19% | -29.12% | -18.30% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 42.58% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | -23.94% | 15.62% | -13.88% | 3.89% |
Correlation
The correlation between CPB and GSG is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2006 | 0.06 |
The correlation between CPB and GSG shifts across timeframes, from -0.08 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CPB vs. GSG — Risk / Return Rank
CPB
GSG
CPB vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Campbell Soup Company (CPB) 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.
| CPB | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.48 | ||
| Sortino ratioReturn per unit of downside risk | -4.68 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.40 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 5.47 | -6.39 |
| Martin ratioReturn relative to average drawdown | -1.73 | 14.39 | -16.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CPB | GSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.22 | 2.26 | -3.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.53 | 0.70 | -1.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.28 | 0.35 | -0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | -0.09 | +0.34 |
Drawdowns
CPB vs. GSG - Drawdown Comparison
The maximum CPB drawdown since its inception was -64.65%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for CPB and GSG.
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Drawdown Indicators
| CPB | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.65% | -89.62% | +24.97% |
Max Drawdown (1Y)Largest decline over 1 year | -38.59% | -9.46% | -29.13% |
Max Drawdown (3Y)Largest decline over 3 years | -58.07% | -14.94% | -43.13% |
Max Drawdown (5Y)Largest decline over 5 years | -60.04% | -29.12% | -30.92% |
Max Drawdown (10Y)Largest decline over 10 years | -60.04% | -57.64% | -2.40% |
Current DrawdownCurrent decline from peak | -58.06% | -56.95% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -22.17% | -63.71% | +41.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.33% | 3.59% | +16.74% |
Volatility
CPB vs. GSG - Volatility Comparison
The current volatility for Campbell Soup Company (CPB) is 6.25%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.65%. This indicates that CPB 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
| CPB | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.25% | 7.65% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 21.84% | 20.42% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.80% | 22.95% | +5.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.07% | 22.61% | +1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.51% | 22.03% | +3.48% |
Dividends
CPB vs. GSG - Dividend Comparison
CPB's dividend yield for the trailing twelve months is around 7.43%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPB Campbell Soup Company | 7.43% | 5.60% | 3.53% | 3.42% | 2.61% | 3.41% | 2.90% | 2.83% | 4.24% | 2.91% | 2.13% | 2.37% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CPB and GSG have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (7.65%) compared to CPB (6.25%). In terms of maximum drawdown, CPB dropped -64.65% vs GSG's -89.62%.
GSG currently has the higher Sharpe Ratio (2.26 vs -1.22), 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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