EAF vs. GSG
EAF (GrafTech International Ltd.) 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 5 years, EAF returned -40.13%/yr vs 15.74%/yr for GSG. At a 0.18 correlation, their price movements are largely independent.
Performance
EAF vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, EAF achieves a -36.04% return, which is significantly lower than GSG's 42.58% return.
EAF
- 1D
- -11.03%
- 1M
- 7.48%
- YTD
- -36.04%
- 6M
- -39.10%
- 1Y
- -4.62%
- 3Y*
- -40.71%
- 5Y*
- -40.13%
- 10Y*
- —
GSG
- 1D
- 0.77%
- 1M
- -4.83%
- YTD
- 42.58%
- 6M
- 41.06%
- 1Y
- 51.52%
- 3Y*
- 19.31%
- 5Y*
- 15.74%
- 10Y*
- 7.69%
EAF vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EAF GrafTech International Ltd. | -36.04% | -10.35% | -21.00% | -53.81% | -59.53% | 11.34% | -6.94% | 4.40% | -15.76% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 42.58% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | -23.94% | 15.62% | -19.38% |
Correlation
The correlation between EAF and GSG is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2018 | 0.18 |
The correlation between EAF and GSG shifts across timeframes, from 0.03 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EAF vs. GSG — Risk / Return Rank
EAF
GSG
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 ratioReturn per unit of total volatility | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.40 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 5.47 | -5.54 |
| Martin ratioReturn relative to average drawdown | -0.12 | 14.39 | -14.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EAF | GSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.04 | 2.26 | -2.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.48 | 0.70 | -1.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.36 | -0.09 | -0.27 |
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.
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Drawdown Indicators
| EAF | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.38% | -89.62% | -7.76% |
Max Drawdown (1Y)Largest decline over 1 year | -73.61% | -9.46% | -64.15% |
Max Drawdown (3Y)Largest decline over 3 years | -90.11% | -14.94% | -75.17% |
Max Drawdown (5Y)Largest decline over 5 years | -96.03% | -29.12% | -66.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -95.03% | -56.95% | -38.08% |
Average DrawdownAverage peak-to-trough decline | -64.35% | -63.71% | -0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.17% | 3.59% | +36.58% |
Volatility
EAF vs. GSG - Volatility Comparison
GrafTech International Ltd. (EAF) has a higher volatility of 24.49% compared to iShares S&P GSCI Commodity-Indexed Trust (GSG) at 7.65%. 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.
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Volatility by Period
| EAF | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.49% | 7.65% | +16.84% |
Volatility (6M)Calculated over the trailing 6-month period | 84.60% | 20.42% | +64.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 109.25% | 22.95% | +86.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.79% | 22.61% | +61.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.64% | 22.03% | +53.61% |
Dividends
EAF vs. GSG - Dividend Comparison
Neither EAF nor GSG has paid dividends to shareholders.
| Position | 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% |
Frequently Asked Questions
EAF and GSG have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EAF has higher volatility (24.49%) compared to GSG (7.65%). In terms of maximum drawdown, EAF dropped -97.38% vs GSG's -89.62%.
GSG currently has the higher Sharpe Ratio (2.26 vs -0.04), 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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