FLIN vs. GSG
FLIN (Franklin FTSE India ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - FLIN is a India Equities fund tracking the FTSE India RIC Capped Index, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past 5 years, FLIN returned 4.41%/yr vs 14.69%/yr for GSG. Their 0.12 correlation means their historical movements had little consistent relationship. FLIN charges 0.19%/yr vs 0.75%/yr for GSG.
Performance
FLIN vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, FLIN achieves a -6.92% return, which is significantly lower than GSG's 35.21% return.
FLIN
- 1D
- 0.67%
- 1M
- 0.73%
- 6M
- -5.45%
- YTD
- -6.92%
- 1Y
- -4.62%
- 3Y*
- 5.63%
- 5Y*
- 4.41%
- 10Y*
- —
- ALL TIME*
- 5.89%
GSG
- 1D
- -2.68%
- 1M
- 9.90%
- 6M
- 27.47%
- YTD
- 35.21%
- 1Y
- 38.52%
- 3Y*
- 13.26%
- 5Y*
- 14.69%
- 10Y*
- 8.24%
- ALL TIME*
- -2.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $24.21M | $28.81M | $28.13M | |
| $17.98M | $16.40M | $25.53M |
FLIN vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLIN Franklin FTSE India ETF | -6.92% | 2.40% | 10.33% | 20.58% | -7.96% | 24.96% | 14.50% | 4.77% | -7.13% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 35.21% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | -23.94% | 15.62% | -13.72% |
Correlation
The correlation between FLIN and GSG is -0.35, 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. | -0.35 |
Correlation (3Y) Balances recent behavior with more history. | -0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2018 | 0.12 |
The correlation between FLIN and GSG shifts across timeframes, from -0.35 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FLIN vs. GSG — Risk / Return Rank
FLIN
GSG
FLIN vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE India ETF (FLIN) 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.
| FLIN | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.28 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 2.06 | -2.31 |
| Martin ratioReturn relative to average drawdown | -0.57 | 6.61 | -7.17 |
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Drawdowns
FLIN vs. GSG - Drawdown Comparison
The maximum FLIN drawdown since its inception was -41.90%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for FLIN and GSG.
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Drawdown Indicators
| FLIN | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.90% | -89.62% | +47.72% |
Max Drawdown (1Y)Largest decline over 1 year | -18.25% | -18.81% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -18.81% | -4.04% |
Max Drawdown (5Y)Largest decline over 5 years | -22.85% | -29.12% | +6.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -14.31% | -59.18% | +44.87% |
Average DrawdownAverage peak-to-trough decline | -8.16% | -63.67% | +55.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.19% | 5.85% | +2.34% |
Volatility
FLIN vs. GSG - Volatility Comparison
The current volatility for Franklin FTSE India ETF (FLIN) is 4.09%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 8.75%. This indicates that FLIN 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
| FLIN | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 8.75% | -4.66% |
Volatility (6M)Calculated over the trailing 6-month period | 13.22% | 22.27% | -9.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.41% | 24.37% | -8.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.81% | 22.89% | -7.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.35% | 22.07% | -1.72% |
FLIN vs. GSG - Expense Ratio Comparison
FLIN has a 0.19% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
FLIN vs. GSG - Dividend Comparison
FLIN's dividend yield for the trailing twelve months is around 0.42%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLIN Franklin FTSE India ETF | 0.42% | 0.56% | 1.58% | 0.73% | 0.73% | 2.26% | 0.68% | 0.90% | 0.92% |
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
FLIN and GSG have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (8.75%) compared to FLIN (4.09%). In terms of maximum drawdown, FLIN dropped -41.90% vs GSG's -89.62%.
On 5-year performance, GSG leads with 14.69% vs 4.41% for FLIN. On fees, FLIN is cheaper at 0.19% per year. On volatility, FLIN has been the lower-risk option at 4.09%. 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 14.69% return vs 4.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLIN is cheaper with a 0.19% expense ratio, compared with 0.75% for GSG.
FLIN has the higher dividend yield at 0.42%, compared with 0.00% for GSG.
FLIN is categorized as India Equities, while GSG is Commodities. FLIN tracks FTSE India RIC Capped Index, while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.19% for FLIN and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (1.59 vs -0.30), 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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