GSG vs. ADM
GSG (iShares S&P GSCI Commodity-Indexed Trust) is Commodities fund tracking the S&P GSCI Total Return Index, while ADM (Archer-Daniels-Midland Company) is a stock. Over the past 10 years, GSG returned 8.91%/yr vs 9.38%/yr for ADM. Their 0.30 correlation means their historical movements had little consistent relationship.
Performance
GSG vs. ADM - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with GSG having a 38.94% return and ADM slightly higher at 39.84%. Over the past 10 years, GSG has underperformed ADM with an annualized return of 8.91%, while ADM has yielded a comparatively higher 9.38% annualized return.
GSG
- 1D
- 0.28%
- 1M
- 13.10%
- 6M
- 25.75%
- YTD
- 38.94%
- 1Y
- 40.53%
- 3Y*
- 14.13%
- 5Y*
- 14.47%
- 10Y*
- 8.91%
- ALL TIME*
- -2.13%
ADM
- 1D
- -1.66%
- 1M
- 3.47%
- 6M
- 19.44%
- YTD
- 39.84%
- 1Y
- 50.92%
- 3Y*
- 1.00%
- 5Y*
- 8.85%
- 10Y*
- 9.38%
- ALL TIME*
- 7.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $327.88M | $285.87M | $300.91M | |
| $16.60M | $17.31M | $26.52M |
GSG vs. ADM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 38.94% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | -23.94% | 15.62% | -13.88% | 3.89% |
ADM Archer-Daniels-Midland Company | 39.84% | 18.24% | -27.52% | -20.42% | 39.98% | 37.33% | 12.44% | 17.10% | 5.28% | -9.48% |
Correlation
The correlation between GSG and ADM is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.28 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2006 | 0.30 |
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Return for Risk
GSG vs. ADM — Risk / Return Rank
GSG
ADM
GSG vs. ADM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P GSCI Commodity-Indexed Trust (GSG) and Archer-Daniels-Midland Company (ADM). 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.
| GSG | ADM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.31 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 4.00 | -1.84 |
| Martin ratioReturn relative to average drawdown | 6.99 | 9.92 | -2.93 |
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Drawdowns
GSG vs. ADM - Drawdown Comparison
The maximum GSG drawdown since its inception was -89.62%, which is greater than ADM's maximum drawdown of -68.01%. Use the drawdown chart below to compare losses from any high point for GSG and ADM.
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Drawdown Indicators
| GSG | ADM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.62% | -68.01% | -21.61% |
Max Drawdown (1Y)Largest decline over 1 year | -18.81% | -12.79% | -6.02% |
Max Drawdown (3Y)Largest decline over 3 years | -18.81% | -49.22% | +30.41% |
Max Drawdown (5Y)Largest decline over 5 years | -29.12% | -54.14% | +25.02% |
Max Drawdown (10Y)Largest decline over 10 years | -57.64% | -54.14% | -3.50% |
Current DrawdownCurrent decline from peak | -58.05% | -9.34% | -48.71% |
Average DrawdownAverage peak-to-trough decline | -63.67% | -21.55% | -42.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.84% | 5.15% | +0.69% |
Volatility
GSG vs. ADM - Volatility Comparison
iShares S&P GSCI Commodity-Indexed Trust (GSG) and Archer-Daniels-Midland Company (ADM) have volatilities of 8.11% and 7.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSG | ADM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.11% | 7.93% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 22.18% | 19.11% | +3.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.23% | 26.98% | -2.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.86% | 28.38% | -5.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.06% | 26.92% | -4.86% |
Dividends
GSG vs. ADM - Dividend Comparison
GSG has not paid dividends to shareholders, while ADM's dividend yield for the trailing twelve months is around 2.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADM Archer-Daniels-Midland Company | 2.60% | 3.55% | 3.96% | 2.49% | 1.72% | 2.19% | 2.86% | 3.02% | 3.27% | 3.19% | 2.63% | 3.05% |
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% | 0.00% |
Frequently Asked Questions
GSG and ADM have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (8.11%) compared to ADM (7.93%). In terms of maximum drawdown, GSG dropped -89.62% vs ADM's -68.01%.
ADM currently has the higher Sharpe Ratio (1.90 vs 1.68), 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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