GCCIX vs. CCSZX
GCCIX (Goldman Sachs Commodity Strategy Fund) and CCSZX (Columbia Commodity Strategy Fund) are both Commodities funds. Over the past 10 years, GCCIX returned 6.18%/yr vs 8.09%/yr for CCSZX. Their correlation of 0.88 means they have usually moved in the same direction. GCCIX charges 0.59%/yr vs 0.86%/yr for CCSZX.
Performance
GCCIX vs. CCSZX - Performance Comparison
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Returns By Period
In the year-to-date period, GCCIX achieves a 16.87% return, which is significantly lower than CCSZX's 27.33% return. Over the past 10 years, GCCIX has underperformed CCSZX with an annualized return of 6.18%, while CCSZX has yielded a comparatively higher 8.09% annualized return.
GCCIX
- 1D
- -0.10%
- 1M
- 7.07%
- 6M
- 9.10%
- YTD
- 16.87%
- 1Y
- 29.14%
- 3Y*
- 10.41%
- 5Y*
- 9.36%
- 10Y*
- 6.18%
- ALL TIME*
- -3.39%
CCSZX
- 1D
- -0.79%
- 1M
- 6.43%
- 6M
- 15.10%
- YTD
- 27.33%
- 1Y
- 40.67%
- 3Y*
- 14.02%
- 5Y*
- 11.91%
- 10Y*
- 8.09%
- ALL TIME*
- 2.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GCCIX vs. CCSZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GCCIX Goldman Sachs Commodity Strategy Fund | 16.87% | 15.45% | 5.92% | -9.65% | 15.70% | 33.42% | -23.01% | 16.75% | -14.89% | 4.31% |
CCSZX Columbia Commodity Strategy Fund | 27.33% | 15.36% | 7.11% | -6.90% | 15.80% | 31.34% | -1.17% | 7.45% | -14.09% | 1.71% |
Correlation
The correlation between GCCIX and CCSZX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2012 | 0.88 |
The correlation between GCCIX and CCSZX has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.
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Return for Risk
GCCIX vs. CCSZX — Risk / Return Rank
GCCIX
CCSZX
GCCIX vs. CCSZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Commodity Strategy Fund (GCCIX) and Columbia Commodity Strategy Fund (CCSZX). 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.
| GCCIX | CCSZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.40 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 3.17 | -1.02 |
| Martin ratioReturn relative to average drawdown | 7.09 | 10.76 | -3.67 |
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Drawdowns
GCCIX vs. CCSZX - Drawdown Comparison
The maximum GCCIX drawdown since its inception was -90.80%, which is greater than CCSZX's maximum drawdown of -61.34%. Use the drawdown chart below to compare losses from any high point for GCCIX and CCSZX.
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Drawdown Indicators
| GCCIX | CCSZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.80% | -61.34% | -29.46% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -11.97% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -12.50% | -11.97% | -0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -28.78% | -27.86% | -0.92% |
Max Drawdown (10Y)Largest decline over 10 years | -57.76% | -34.16% | -23.60% |
Current DrawdownCurrent decline from peak | -71.04% | -5.27% | -65.77% |
Average DrawdownAverage peak-to-trough decline | -69.43% | -31.10% | -38.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 3.55% | +0.30% |
Volatility
GCCIX vs. CCSZX - Volatility Comparison
Goldman Sachs Commodity Strategy Fund (GCCIX) has a higher volatility of 5.00% compared to Columbia Commodity Strategy Fund (CCSZX) at 3.54%. This indicates that GCCIX's price experiences larger fluctuations and is considered to be riskier than CCSZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GCCIX | CCSZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 3.54% | +1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 12.67% | 14.16% | -1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.06% | 16.93% | -1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.51% | 16.86% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.89% | 14.89% | +5.00% |
GCCIX vs. CCSZX - Expense Ratio Comparison
GCCIX has a 0.59% expense ratio, which is lower than CCSZX's 0.86% expense ratio.
Dividends
GCCIX vs. CCSZX - Dividend Comparison
GCCIX's dividend yield for the trailing twelve months is around 14.11%, more than CCSZX's 2.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCSZX Columbia Commodity Strategy Fund | 2.35% | 3.00% | 8.84% | 4.42% | 94.73% | 36.39% | 0.13% | 1.09% | 18.52% | 0.09% | 0.00% | 0.00% |
GCCIX Goldman Sachs Commodity Strategy Fund | 14.11% | 16.09% | 4.08% | 4.20% | 10.41% | 16.46% | 0.36% | 10.81% | 1.47% | 5.88% | 0.84% | 0.36% |
Frequently Asked Questions
With a correlation of 0.91, GCCIX and CCSZX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
GCCIX has higher volatility (5.00%) compared to CCSZX (3.54%). In terms of maximum drawdown, GCCIX dropped -90.80% vs CCSZX's -61.34%.
CCSZX currently has the higher Sharpe Ratio (2.24 vs 1.79), 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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