EAF vs. GSG

Last updated Apr 1, 2026

Compare and contrast key facts about GrafTech International Ltd. (EAF) and iShares S&P GSCI Commodity-Indexed Trust (GSG).

GSG is a passively managed fund by iShares that tracks the performance of the S&P GSCI Total Return Index. It was launched on Jul 21, 2006.

Performance

EAF vs. GSG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GrafTech International Ltd. (EAF) and iShares S&P GSCI Commodity-Indexed Trust (GSG). The values are adjusted to include any dividend payments, if applicable.

EAF vs. GSG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EAF GrafTech International Ltd.	-56.29%	-10.35%	-21.00%	-53.81%	-59.53%	11.34%	-6.94%	4.40%	-15.76%
GSG iShares S&P GSCI Commodity-Indexed Trust	39.85%	5.93%	8.52%	-5.51%	24.08%	38.77%	-23.94%	15.62%	-19.38%

Returns By Period

In the year-to-date period, EAF achieves a -56.29% return, which is significantly lower than GSG's 39.85% return.

EAF

• 1D: 9.18%
• 1M: -2.45%
• YTD: -56.29%
• 6M: -47.11%
• 1Y: -22.46%
• 3Y*: -48.10%
• 5Y*: -44.04%
• 10Y*: —

GSG

• 1D: -1.01%
• 1M: 24.23%
• YTD: 39.85%
• 6M: 40.40%
• 1Y: 41.63%
• 3Y*: 17.03%
• 5Y*: 17.93%
• 10Y*: 9.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

EAF vs. GSG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EAF

EAF Risk / Return Rank: 35
EAF Sharpe Ratio Rank: 32
EAF Sortino Ratio Rank: 44
EAF Omega Ratio Rank: 44
EAF Calmar Ratio Rank: 29
EAF Martin Ratio Rank: 27

GSG

GSG Risk / Return Rank: 91
GSG Sharpe Ratio Rank: 91
GSG Sortino Ratio Rank: 92
GSG Omega Ratio Rank: 89
GSG Calmar Ratio Rank: 94
GSG Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EAF vs. GSG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GrafTech International Ltd. (EAF) 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.

	EAF	GSG	Difference
Sharpe ratio Return per unit of total volatility	-0.19	1.98	-2.17
Sortino ratio Return per unit of downside risk	0.57	2.66	-2.09
Omega ratio Gain probability vs. loss probability	1.07	1.36	-0.29
Calmar ratio Return relative to maximum drawdown	-0.39	3.70	-4.09
Martin ratio Return relative to average drawdown	-0.84	10.32	-11.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EAF vs. GSG - Sharpe Ratio Comparison

The current EAF Sharpe Ratio is -0.19, which is lower than the GSG Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of EAF and GSG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EAF	GSG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.19	1.98	-2.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.53	0.82	-1.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.41	-0.09	-0.32

Correlation

The correlation between EAF and GSG is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

EAF vs. GSG - Dividend Comparison

Neither EAF nor GSG has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EAF GrafTech International Ltd.	0.00%	0.00%	0.00%	0.91%	0.84%	0.34%	1.08%	2.93%	8.17%
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%

Drawdowns

EAF vs. GSG - Drawdown Comparison

The maximum EAF drawdown since its inception was -97.38%, which is greater than GSG's maximum drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for EAF and GSG.

Drawdown Indicators

	EAF	GSG	Difference
Max Drawdown Largest peak-to-trough decline	-97.38%	-89.62%	-7.76%
Max Drawdown (1Y) Largest decline over 1 year	-73.61%	-11.91%	-61.70%
Max Drawdown (5Y) Largest decline over 5 years	-96.18%	-29.12%	-67.06%
Max Drawdown (10Y) Largest decline over 10 years	—	-57.64%	—
Current Drawdown Current decline from peak	-96.61%	-57.78%	-38.83%
Average Drawdown Average peak-to-trough decline	-63.66%	-63.77%	+0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.01%	4.27%	+29.74%

Volatility

EAF vs. GSG - Volatility Comparison

GrafTech International Ltd. (EAF) has a higher volatility of 23.43% compared to iShares S&P GSCI Commodity-Indexed Trust (GSG) at 11.08%. This indicates that EAF'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.

Volatility by Period

	EAF	GSG	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.43%	11.08%	+12.35%
Volatility (6M) Calculated over the trailing 6-month period	87.99%	16.24%	+71.75%
Volatility (1Y) Calculated over the trailing 1-year period	117.79%	21.16%	+96.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.90%	21.97%	+60.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.52%	21.78%	+53.74%