EPIN vs. GSG
EPIN (Harbor International Equity ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - EPIN is a Foreign Large Cap Equities fund actively managed by Harbor, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. EPIN is actively managed, while GSG is passively managed. Over the past year, EPIN returned 34.90% vs 37.41% for GSG. At a correlation of -0.16, they often move in opposite directions. EPIN charges 0.80%/yr vs 0.75%/yr for GSG.
Performance
EPIN vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, EPIN achieves a 21.71% return, which is significantly lower than GSG's 33.95% return.
EPIN
- 1D
- -1.31%
- 1M
- -1.48%
- 6M
- 14.51%
- YTD
- 21.71%
- 1Y
- 34.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- -0.93%
- 1M
- 4.15%
- 6M
- 29.74%
- YTD
- 33.95%
- 1Y
- 37.41%
- 3Y*
- 15.32%
- 5Y*
- 14.20%
- 10Y*
- 7.61%
EPIN vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EPIN Harbor International Equity ETF | 21.71% | 14.36% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 33.95% | 6.56% |
Correlation
The correlation between EPIN and GSG is -0.14, 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 | -0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | -0.16 |
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Return for Risk
EPIN vs. GSG — Risk / Return Rank
EPIN
GSG
EPIN vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor International Equity ETF (EPIN) 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.
| EPIN | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.29 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 2.00 | +1.02 |
| Martin ratioReturn relative to average drawdown | 11.10 | 6.66 | +4.44 |
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Drawdowns
EPIN vs. GSG - Drawdown Comparison
The maximum EPIN drawdown since its inception was -11.64%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for EPIN and GSG.
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Drawdown Indicators
| EPIN | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.64% | -89.62% | +77.98% |
Max Drawdown (1Y)Largest decline over 1 year | -11.64% | -18.81% | +7.17% |
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 | -3.78% | -59.56% | +55.78% |
Average DrawdownAverage peak-to-trough decline | -1.84% | -63.68% | +61.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 5.63% | -2.48% |
Volatility
EPIN vs. GSG - Volatility Comparison
The current volatility for Harbor International Equity ETF (EPIN) is 5.63%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.17%. This indicates that EPIN 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
| EPIN | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 7.17% | -1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 16.97% | 21.54% | -4.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.04% | 23.48% | -4.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.47% | 22.80% | -4.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.47% | 22.00% | -3.53% |
EPIN vs. GSG - Expense Ratio Comparison
EPIN has a 0.80% expense ratio, which is higher than GSG's 0.75% expense ratio.
Dividends
EPIN vs. GSG - Dividend Comparison
EPIN's dividend yield for the trailing twelve months is around 0.65%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
EPIN Harbor International Equity ETF | 0.65% | 0.79% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% |
Frequently Asked Questions
EPIN and GSG have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (7.17%) compared to EPIN (5.63%). In terms of maximum drawdown, EPIN dropped -11.64% vs GSG's -89.62%.
On 1-year performance, GSG leads with 37.41% vs 34.90% for EPIN. On fees, GSG is cheaper at 0.75% per year. On volatility, EPIN has been the lower-risk option at 5.63%. 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 37.41% return vs 34.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSG is cheaper with a 0.75% expense ratio, compared with 0.80% for EPIN.
EPIN has the higher dividend yield at 0.65%, compared with 0.00% for GSG.
EPIN is categorized as Foreign Large Cap Equities, while GSG is Commodities. They also come from different issuers: Harbor and iShares. Their fees differ too: 0.80% for EPIN and 0.75% for GSG.
EPIN currently has the higher Sharpe Ratio (1.84 vs 1.60), 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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