FDRR vs. GSG
FDRR (Fidelity Dividend ETF for Rising Rates) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - FDRR is a Large Cap Blend Equities fund tracking the Fidelity Dividend Index for Rising Rates, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past 5 years, FDRR returned 13.18%/yr vs 14.20%/yr for GSG. Their 0.23 correlation means their historical movements had little consistent relationship. FDRR charges 0.15%/yr vs 0.75%/yr for GSG.
Performance
FDRR vs. GSG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FDRR achieves a 15.67% return, which is significantly lower than GSG's 32.52% return.
FDRR
- 1D
- 0.00%
- 1M
- 5.51%
- 6M
- 12.92%
- YTD
- 15.67%
- 1Y
- 28.88%
- 3Y*
- 21.47%
- 5Y*
- 13.18%
- 10Y*
- —
- ALL TIME*
- 14.06%
GSG
- 1D
- 0.36%
- 1M
- 5.78%
- 6M
- 21.95%
- YTD
- 32.52%
- 1Y
- 37.47%
- 3Y*
- 12.51%
- 5Y*
- 14.20%
- 10Y*
- 8.03%
- ALL TIME*
- -2.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.12M | $1.06M | $1.10M | |
| $18.96M | $16.42M | $22.87M |
FDRR vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDRR Fidelity Dividend ETF for Rising Rates | 15.67% | 21.70% | 20.24% | 13.66% | -9.73% | 26.06% | 8.23% | 26.86% | -3.60% | 19.29% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 32.52% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | -23.94% | 15.62% | -13.88% | 3.89% |
Correlation
The correlation between FDRR and GSG is -0.26, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.26 |
Correlation (3Y) Balances recent behavior with more history. | -0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2016 | 0.23 |
The correlation between FDRR and GSG shifts across timeframes, from -0.26 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FDRR vs. GSG — Risk / Return Rank
FDRR
GSG
FDRR vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Dividend ETF for Rising Rates (FDRR) 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.
| FDRR | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.27 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 2.00 | +1.41 |
| Martin ratioReturn relative to average drawdown | 13.50 | 6.32 | +7.18 |
Loading charts...
Drawdowns
FDRR vs. GSG - Drawdown Comparison
The maximum FDRR drawdown since its inception was -36.52%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for FDRR and GSG.
Loading charts...
Drawdown Indicators
| FDRR | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.52% | -89.62% | +53.10% |
Max Drawdown (1Y)Largest decline over 1 year | -8.52% | -18.81% | +10.29% |
Max Drawdown (3Y)Largest decline over 3 years | -18.04% | -18.81% | +0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | -29.12% | +8.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | 0.00% | -59.99% | +59.99% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -63.67% | +59.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 5.94% | -3.80% |
Volatility
FDRR vs. GSG - Volatility Comparison
The current volatility for Fidelity Dividend ETF for Rising Rates (FDRR) is 3.41%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 8.99%. This indicates that FDRR 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.
Loading charts...
Volatility by Period
| FDRR | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 8.99% | -5.58% |
Volatility (6M)Calculated over the trailing 6-month period | 8.97% | 21.89% | -12.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 24.44% | -13.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.01% | 22.90% | -7.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.80% | 22.08% | -5.28% |
FDRR vs. GSG - Expense Ratio Comparison
FDRR has a 0.15% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
FDRR vs. GSG - Dividend Comparison
FDRR's dividend yield for the trailing twelve months is around 2.02%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FDRR Fidelity Dividend ETF for Rising Rates | 2.02% | 2.21% | 2.61% | 2.93% | 2.75% | 2.09% | 2.85% | 2.89% | 3.20% | 2.89% | 0.61% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
FDRR and GSG have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (8.99%) compared to FDRR (3.41%). In terms of maximum drawdown, FDRR dropped -36.52% vs GSG's -89.62%.
On 5-year performance, GSG leads with 14.20% vs 13.18% for FDRR. On fees, FDRR is cheaper at 0.15% per year. On volatility, FDRR has been the lower-risk option at 3.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GSG has performed better with a 14.20% return vs 13.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDRR is cheaper with a 0.15% expense ratio, compared with 0.75% for GSG.
FDRR has the higher dividend yield at 2.02%, compared with 0.00% for GSG.
FDRR is categorized as Large Cap Blend Equities, while GSG is Commodities. FDRR tracks Fidelity Dividend Index for Rising Rates, while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.15% for FDRR and 0.75% for GSG.
FDRR currently has the higher Sharpe Ratio (2.54 vs 1.54), 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.
Find the right allocation for FDRR and GSG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer