CPLS vs. GSG
CPLS (AB Core Plus Bond ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - CPLS is a Intermediate Core-Plus Bond fund actively managed by AllianceBernstein, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. CPLS is actively managed, while GSG is passively managed. Over the past year, CPLS returned 3.22% vs 34.57% for GSG. At a correlation of -0.22, they often move in opposite directions. CPLS charges 0.33%/yr vs 0.75%/yr for GSG.
Performance
CPLS vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, CPLS achieves a -0.21% return, which is significantly lower than GSG's 32.35% return.
CPLS
- 1D
- -0.35%
- 1M
- -0.77%
- 6M
- -0.39%
- YTD
- -0.21%
- 1Y
- 3.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- 3.60%
- 1M
- -0.20%
- 6M
- 28.24%
- YTD
- 32.35%
- 1Y
- 34.57%
- 3Y*
- 14.41%
- 5Y*
- 13.83%
- 10Y*
- 7.40%
CPLS vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CPLS AB Core Plus Bond ETF | -0.21% | 6.91% | 1.65% | 2.13% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 32.35% | 5.93% | 8.52% | 3.03% |
Correlation
The correlation between CPLS and GSG is -0.38, 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 | -0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023 | -0.22 |
The correlation between CPLS and GSG shifts across timeframes, from -0.38 (1 year) to -0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CPLS vs. GSG — Risk / Return Rank
CPLS
GSG
CPLS vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Core Plus Bond ETF (CPLS) 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.
| CPLS | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.27 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 1.85 | -0.54 |
| Martin ratioReturn relative to average drawdown | 3.80 | 6.29 | -2.49 |
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Drawdowns
CPLS vs. GSG - Drawdown Comparison
The maximum CPLS drawdown since its inception was -4.43%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for CPLS and GSG.
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Drawdown Indicators
| CPLS | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.43% | -89.62% | +85.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -18.81% | +16.34% |
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 DrawdownCurrent decline from peak | -1.76% | -60.04% | +58.28% |
Average DrawdownAverage peak-to-trough decline | -1.23% | -63.69% | +62.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 5.51% | -4.66% |
Volatility
CPLS vs. GSG - Volatility Comparison
The current volatility for AB Core Plus Bond ETF (CPLS) is 1.22%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.35%. This indicates that CPLS 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
| CPLS | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 7.35% | -6.13% |
Volatility (6M)Calculated over the trailing 6-month period | 3.05% | 21.50% | -18.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 23.48% | -19.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.82% | 22.80% | -17.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.82% | 22.00% | -17.18% |
CPLS vs. GSG - Expense Ratio Comparison
CPLS has a 0.33% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
CPLS vs. GSG - Dividend Comparison
CPLS's dividend yield for the trailing twelve months is around 4.64%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CPLS AB Core Plus Bond ETF | 4.64% | 4.66% | 4.71% | 0.23% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CPLS and GSG have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (7.35%) compared to CPLS (1.22%). In terms of maximum drawdown, CPLS dropped -4.43% vs GSG's -89.62%.
On 1-year performance, GSG leads with 34.57% vs 3.22% for CPLS. On fees, CPLS is cheaper at 0.33% per year. On volatility, CPLS has been the lower-risk option at 1.22%. 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 34.57% return vs 3.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CPLS is cheaper with a 0.33% expense ratio, compared with 0.75% for GSG.
CPLS has the higher dividend yield at 4.64%, compared with 0.00% for GSG.
CPLS is categorized as Intermediate Core-Plus Bond, while GSG is Commodities. They also come from different issuers: AllianceBernstein and iShares. Their fees differ too: 0.33% for CPLS and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (1.48 vs 0.84), 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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