EVMT vs. GSG
EVMT (Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both Commodities funds. EVMT is actively managed, while GSG is passively managed. Over the past 3 years, EVMT returned 4.71%/yr vs 19.31%/yr for GSG. At a 0.29 correlation, their price movements are largely independent. EVMT charges 0.59%/yr vs 0.75%/yr for GSG.
Performance
EVMT vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, EVMT achieves a 13.45% return, which is significantly lower than GSG's 42.58% return.
EVMT
- 1D
- -1.66%
- 1M
- 2.45%
- YTD
- 13.45%
- 6M
- 22.53%
- 1Y
- 41.86%
- 3Y*
- 4.71%
- 5Y*
- —
- 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%
EVMT vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EVMT Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF | 13.45% | 30.61% | -10.50% | -27.71% | -16.95% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 42.58% | 5.93% | 8.52% | -5.51% | -9.39% |
Correlation
The correlation between EVMT and GSG is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022 | 0.29 |
The correlation between EVMT and GSG shifts across timeframes, from 0.11 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EVMT vs. GSG — Risk / Return Rank
EVMT
GSG
EVMT vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT) 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.
| EVMT | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.40 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 5.28 | 5.47 | -0.19 |
| Martin ratioReturn relative to average drawdown | 17.86 | 14.39 | +3.47 |
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
| EVMT | GSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.79 | 2.26 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.26 | -0.09 | -0.18 |
Drawdowns
EVMT vs. GSG - Drawdown Comparison
The maximum EVMT drawdown since its inception was -48.34%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for EVMT and GSG.
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Drawdown Indicators
| EVMT | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.34% | -89.62% | +41.28% |
Max Drawdown (1Y)Largest decline over 1 year | -7.96% | -9.46% | +1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -29.38% | -14.94% | -14.44% |
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 | -21.69% | -56.95% | +35.26% |
Average DrawdownAverage peak-to-trough decline | -34.74% | -63.71% | +28.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 3.59% | -1.24% |
Volatility
EVMT vs. GSG - Volatility Comparison
The current volatility for Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT) is 4.51%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.65%. This indicates that EVMT 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
| EVMT | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 7.65% | -3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 13.47% | 20.42% | -6.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.09% | 22.95% | -7.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.51% | 22.61% | -2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.51% | 22.03% | -1.52% |
EVMT vs. GSG - Expense Ratio Comparison
EVMT has a 0.59% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
EVMT vs. GSG - Dividend Comparison
EVMT's dividend yield for the trailing twelve months is around 10.40%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EVMT Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF | 10.40% | 11.80% | 3.62% | 5.49% | 0.86% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EVMT and GSG have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (7.65%) compared to EVMT (4.51%). In terms of maximum drawdown, EVMT dropped -48.34% vs GSG's -89.62%.
On 3-year performance, GSG leads with 19.31% vs 4.71% for EVMT. On fees, EVMT is cheaper at 0.59% per year. On volatility, EVMT has been the lower-risk option at 4.51%. 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 19.31% return vs 4.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EVMT is cheaper with a 0.59% expense ratio, compared with 0.75% for GSG.
EVMT has the higher dividend yield at 10.40%, compared with 0.00% for GSG.
They also come from different issuers: Invesco and iShares. Their fees differ too: 0.59% for EVMT and 0.75% for GSG.
EVMT currently has the higher Sharpe Ratio (2.79 vs 2.26), 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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