GSG vs. DBC
Compare and contrast key facts about iShares S&P GSCI Commodity-Indexed Trust (GSG) and Invesco DB Commodity Index Tracking Fund (DBC).
GSG and DBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSG is a passively managed fund by iShares that tracks the performance of the S&P GSCI Total Return Index. It was launched on Jul 21, 2006. DBC is a passively managed fund by Invesco that tracks the performance of the DBIQ Optimum Yield Diversified Commodity Index Excess Return. It was launched on Feb 3, 2006. Both GSG and DBC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSG or DBC.
Performance
GSG vs. DBC - Performance Comparison
Returns By Period
In the year-to-date period, GSG achieves a 3.19% return, which is significantly higher than DBC's -1.00% return. Over the past 10 years, GSG has underperformed DBC with an annualized return of -2.33%, while DBC has yielded a comparatively higher 0.98% annualized return.
GSG
3.19%
-2.13%
-7.71%
1.37%
6.07%
-2.33%
DBC
-1.00%
-2.28%
-7.97%
-4.42%
8.93%
0.98%
Key characteristics
| GSG | DBC | |
|---|---|---|
| Sharpe Ratio | -0.10 | -0.37 |
| Sortino Ratio | -0.02 | -0.42 |
| Omega Ratio | 1.00 | 0.95 |
| Calmar Ratio | -0.02 | -0.11 |
| Martin Ratio | -0.30 | -1.05 |
| Ulcer Index | 5.22% | 5.12% |
| Daily Std Dev | 16.46% | 14.54% |
| Max Drawdown | -89.62% | -76.36% |
| Current Drawdown | -72.58% | -48.16% |
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GSG vs. DBC - Expense Ratio Comparison
GSG has a 0.75% expense ratio, which is lower than DBC's 0.85% expense ratio.
Correlation
The correlation between GSG and DBC is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
GSG vs. DBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P GSCI Commodity-Indexed Trust (GSG) and Invesco DB Commodity Index Tracking Fund (DBC). 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.
Dividends
GSG vs. DBC - Dividend Comparison
GSG has not paid dividends to shareholders, while DBC's dividend yield for the trailing twelve months is around 4.99%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DBC Invesco DB Commodity Index Tracking Fund | 4.99% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% |
Drawdowns
GSG vs. DBC - Drawdown Comparison
The maximum GSG drawdown since its inception was -89.62%, which is greater than DBC's maximum drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for GSG and DBC. For additional features, visit the drawdowns tool.
Volatility
GSG vs. DBC - Volatility Comparison
iShares S&P GSCI Commodity-Indexed Trust (GSG) and Invesco DB Commodity Index Tracking Fund (DBC) have volatilities of 5.20% and 5.17%, 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.