CSB vs. GSG
CSB (VictoryShares US Small Cap High Dividend Volatility Wtd ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - CSB is a Small Cap Blend Equities fund tracking the Nasdaq Victory U.S. Small Cap High Dividend 100 Volatility Weighted Index, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past 10 years, CSB returned 10.05%/yr vs 8.03%/yr for GSG. Their 0.22 correlation means their historical movements had little consistent relationship. CSB charges 0.35%/yr vs 0.75%/yr for GSG.
Performance
CSB vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, CSB achieves a 16.67% return, which is significantly lower than GSG's 32.52% return. Over the past 10 years, CSB has outperformed GSG with an annualized return of 10.05%, while GSG has yielded a comparatively lower 8.03% annualized return.
CSB
- 1D
- -0.60%
- 1M
- 2.68%
- 6M
- 7.68%
- YTD
- 16.67%
- 1Y
- 23.46%
- 3Y*
- 11.78%
- 5Y*
- 6.11%
- 10Y*
- 10.05%
- ALL TIME*
- 9.87%
GSG
- 1D
- 0.36%
- 1M
- 5.78%
- 6M
- 21.95%
- YTD
- 32.52%
- 1Y
- 37.47%
- 3Y*
- 12.51%
- 5Y*
- 14.20%
- 10Y*
- 8.03%
- ALL TIME*
- -2.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $988.97K | $1.05M | $636.48K | |
| $18.96M | $16.42M | $22.87M |
CSB vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF | 16.67% | 2.26% | 9.64% | 12.60% | -13.11% | 27.04% | 11.30% | 21.12% | -7.10% | 11.32% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 32.52% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | -23.94% | 15.62% | -13.88% | 3.89% |
Correlation
The correlation between CSB and GSG is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2015 | 0.22 |
The correlation between CSB and GSG shifts across timeframes, from -0.17 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CSB vs. GSG — Risk / Return Rank
CSB
GSG
CSB vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares US Small Cap High Dividend Volatility Wtd ETF (CSB) 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.
| CSB | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.27 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 2.00 | +1.28 |
| Martin ratioReturn relative to average drawdown | 9.85 | 6.32 | +3.53 |
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Drawdowns
CSB vs. GSG - Drawdown Comparison
The maximum CSB drawdown since its inception was -42.07%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for CSB and GSG.
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Drawdown Indicators
| CSB | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.07% | -89.62% | +47.55% |
Max Drawdown (1Y)Largest decline over 1 year | -7.18% | -18.81% | +11.63% |
Max Drawdown (3Y)Largest decline over 3 years | -21.82% | -18.81% | -3.01% |
Max Drawdown (5Y)Largest decline over 5 years | -24.49% | -29.12% | +4.63% |
Max Drawdown (10Y)Largest decline over 10 years | -42.07% | -57.64% | +15.57% |
Current DrawdownCurrent decline from peak | -0.74% | -59.99% | +59.25% |
Average DrawdownAverage peak-to-trough decline | -7.04% | -63.67% | +56.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 5.94% | -3.55% |
Volatility
CSB vs. GSG - Volatility Comparison
The current volatility for VictoryShares US Small Cap High Dividend Volatility Wtd ETF (CSB) is 3.82%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 8.99%. This indicates that CSB 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
| CSB | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 8.99% | -5.17% |
Volatility (6M)Calculated over the trailing 6-month period | 8.97% | 21.89% | -12.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.78% | 24.44% | -10.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.58% | 22.90% | -4.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.25% | 22.08% | -0.83% |
CSB vs. GSG - Expense Ratio Comparison
CSB has a 0.35% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
CSB vs. GSG - Dividend Comparison
CSB's dividend yield for the trailing twelve months is around 3.09%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF | 3.09% | 3.54% | 3.12% | 3.45% | 3.60% | 3.11% | 3.70% | 3.19% | 3.45% | 3.19% | 2.85% | 1.57% |
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
CSB and GSG have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (8.99%) compared to CSB (3.82%). In terms of maximum drawdown, CSB dropped -42.07% vs GSG's -89.62%.
On 10-year performance, CSB leads with 10.05% vs 8.03% for GSG. On fees, CSB is cheaper at 0.35% per year. On volatility, CSB has been the lower-risk option at 3.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, CSB has performed better with a 10.05% return vs 8.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CSB is cheaper with a 0.35% expense ratio, compared with 0.75% for GSG.
CSB has the higher dividend yield at 3.09%, compared with 0.00% for GSG.
CSB is categorized as Small Cap Blend Equities, while GSG is Commodities. CSB tracks Nasdaq Victory U.S. Small Cap High Dividend 100 Volatility Weighted Index, while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: Crestview and iShares. Their fees differ too: 0.35% for CSB and 0.75% for GSG.
CSB currently has the higher Sharpe Ratio (1.71 vs 1.54), 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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