ERET vs. GSG
ERET (Ishares Environmentally Aware Real Estate ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - ERET is a REIT fund tracking the FTSE EPRA Nareit Developed Green Target Index, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past 3 years, ERET returned 9.32%/yr vs 15.32%/yr for GSG. At a 0.03 correlation, their price movements are largely independent. ERET charges 0.30%/yr vs 0.75%/yr for GSG.
Performance
ERET vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, ERET achieves a 12.27% return, which is significantly lower than GSG's 33.95% return.
ERET
- 1D
- 1.62%
- 1M
- 2.63%
- 6M
- 8.92%
- YTD
- 12.27%
- 1Y
- 16.30%
- 3Y*
- 9.32%
- 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%
ERET vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ERET Ishares Environmentally Aware Real Estate ETF | 12.27% | 10.26% | 0.60% | 10.25% | 0.29% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 33.95% | 5.93% | 8.52% | -5.51% | -3.81% |
Correlation
The correlation between ERET and GSG is -0.19, 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 | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2022 | 0.03 |
The correlation between ERET and GSG shifts across timeframes, from -0.19 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ERET vs. GSG — Risk / Return Rank
ERET
GSG
ERET vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Environmentally Aware Real Estate ETF (ERET) 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.
| ERET | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.29 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 2.00 | -0.43 |
| Martin ratioReturn relative to average drawdown | 5.75 | 6.66 | -0.91 |
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Drawdowns
ERET vs. GSG - Drawdown Comparison
The maximum ERET drawdown since its inception was -20.30%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for ERET and GSG.
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Drawdown Indicators
| ERET | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.30% | -89.62% | +69.32% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -18.81% | +8.34% |
Max Drawdown (3Y)Largest decline over 3 years | -17.61% | -18.81% | +1.20% |
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% | -59.56% | +59.56% |
Average DrawdownAverage peak-to-trough decline | -5.69% | -63.68% | +57.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 5.63% | -2.79% |
Volatility
ERET vs. GSG - Volatility Comparison
The current volatility for Ishares Environmentally Aware Real Estate ETF (ERET) is 4.14%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.17%. This indicates that ERET 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
| ERET | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 7.17% | -3.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.14% | 21.54% | -11.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.45% | 23.48% | -11.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.71% | 22.80% | -7.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.71% | 22.00% | -6.29% |
ERET vs. GSG - Expense Ratio Comparison
ERET has a 0.30% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
ERET vs. GSG - Dividend Comparison
ERET's dividend yield for the trailing twelve months is around 3.24%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ERET Ishares Environmentally Aware Real Estate ETF | 3.24% | 3.79% | 4.26% | 3.67% | 0.64% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ERET and GSG have a correlation of -0.19, 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 ERET (4.14%). In terms of maximum drawdown, ERET dropped -20.30% vs GSG's -89.62%.
On 3-year performance, GSG leads with 15.32% vs 9.32% for ERET. On fees, ERET is cheaper at 0.30% per year. On volatility, ERET has been the lower-risk option at 4.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GSG has performed better with a 15.32% return vs 9.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ERET is cheaper with a 0.30% expense ratio, compared with 0.75% for GSG.
ERET has the higher dividend yield at 3.24%, compared with 0.00% for GSG.
ERET is categorized as REIT, while GSG is Commodities. ERET tracks FTSE EPRA Nareit Developed Green Target Index, while GSG tracks S&P GSCI Total Return Index. Their fees differ too: 0.30% for ERET and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (1.60 vs 1.32), 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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