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 -7.25%/yr vs 7.57%/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 -16.70% return, which is significantly lower than GSG's 34.43% return. Over the past 10 years, CPB has underperformed GSG with an annualized return of -7.25%, while GSG has yielded a comparatively higher 7.57% annualized return.
CPB
- 1D
- -0.23%
- 1M
- -1.48%
- 6M
- -12.40%
- YTD
- -16.70%
- 1Y
- -23.47%
- 3Y*
- -17.71%
- 5Y*
- -9.79%
- 10Y*
- -7.25%
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%
CPB vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPB Campbell Soup Company | -16.70% | -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 | 34.43% | 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 -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
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 21, 2006 | 0.06 |
The correlation between CPB and GSG shifts across timeframes, from -0.10 (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.
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.
| CPB | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.39 | ||
| Sortino ratioReturn per unit of downside risk | -3.20 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.29 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 2.03 | -2.65 |
| Martin ratioReturn relative to average drawdown | -1.04 | 6.88 | -7.92 |
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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 | -38.53% | -18.81% | -19.72% |
Max Drawdown (3Y)Largest decline over 3 years | -58.07% | -18.81% | -39.26% |
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 | -55.10% | -59.41% | +4.31% |
Average DrawdownAverage peak-to-trough decline | -22.25% | -63.69% | +41.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.57% | 5.55% | +17.02% |
Volatility
CPB vs. GSG - Volatility Comparison
Campbell Soup Company (CPB) has a higher volatility of 12.73% compared to iShares S&P GSCI Commodity-Indexed Trust (GSG) at 7.37%. This indicates that CPB's price experiences larger fluctuations and is considered to be riskier 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 | 12.73% | 7.37% | +5.36% |
Volatility (6M)Calculated over the trailing 6-month period | 24.07% | 21.54% | +2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.16% | 23.48% | +7.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.63% | 22.80% | +1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.78% | 22.00% | +3.78% |
Dividends
CPB vs. GSG - Dividend Comparison
CPB's dividend yield for the trailing twelve months is around 7.06%, 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 | 7.06% | 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 -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CPB has higher volatility (12.73%) compared to GSG (7.37%). In terms of maximum drawdown, CPB dropped -64.65% vs GSG's -89.62%.
GSG currently has the higher Sharpe Ratio (1.63 vs -0.76), 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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