CTEF vs. GSG
CTEF (Castellan Targeted Equity ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - CTEF is a Mid Cap Blend Equities fund actively managed by Castellan, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. CTEF is actively managed, while GSG is passively managed. At a correlation of -0.23, they often move in opposite directions. CTEF charges 0.45%/yr vs 0.75%/yr for GSG.
Performance
CTEF vs. GSG - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with CTEF having a 32.85% return and GSG slightly lower at 32.61%.
CTEF
- 1D
- 1.34%
- 1M
- 9.93%
- YTD
- 32.85%
- 6M
- 34.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- -1.23%
- 1M
- -10.56%
- YTD
- 32.61%
- 6M
- 33.30%
- 1Y
- 32.73%
- 3Y*
- 16.62%
- 5Y*
- 13.86%
- 10Y*
- 6.89%
CTEF vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CTEF Castellan Targeted Equity ETF | 32.85% | 33.10% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 32.61% | -1.79% |
Correlation
The correlation between CTEF and GSG is -0.23, 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 (All Time) Calculated using the full available price history since Jun 18, 2025 | -0.23 |
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Return for Risk
CTEF vs. GSG — Risk / Return Rank
CTEF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GSG
CTEF vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Castellan Targeted Equity ETF (CTEF) 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.
| CTEF | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.05 | — |
| Martin ratioReturn relative to average drawdown | — | 9.32 | — |
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Drawdowns
CTEF vs. GSG - Drawdown Comparison
The maximum CTEF drawdown since its inception was -15.00%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for CTEF and GSG.
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Drawdown Indicators
| CTEF | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.00% | -89.62% | +74.62% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.05% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.94% | — |
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 | 0.00% | -59.96% | +59.96% |
Average DrawdownAverage peak-to-trough decline | -1.78% | -63.69% | +61.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.94% | — |
Volatility
CTEF vs. GSG - Volatility Comparison
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Volatility by Period
| CTEF | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.25% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 20.77% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.30% | 23.25% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.30% | 22.66% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.30% | 22.04% | +0.26% |
CTEF vs. GSG - Expense Ratio Comparison
CTEF has a 0.45% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
CTEF vs. GSG - Dividend Comparison
CTEF's dividend yield for the trailing twelve months is around 0.06%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
CTEF Castellan Targeted Equity ETF | 0.06% | 0.08% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% |
Frequently Asked Questions
CTEF and GSG have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CTEF is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CTEF is cheaper with a 0.45% expense ratio, compared with 0.75% for GSG.
CTEF has the higher dividend yield at 0.06%, compared with 0.00% for GSG.
CTEF is categorized as Mid Cap Blend Equities, while GSG is Commodities. They also come from different issuers: Castellan and iShares. Their fees differ too: 0.45% for CTEF and 0.75% for GSG.
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