GSG vs. EUR=X
GSG (iShares S&P GSCI Commodity-Indexed Trust) is Commodities fund tracking the S&P GSCI Total Return Index, while EUR=X (USD/EUR) is a currency. Over the past 10 years, GSG returned 7.57%/yr vs 0.00%/yr for EUR=X. At a correlation of -0.04, they often move in opposite directions.
Performance
GSG vs. EUR=X - Performance Comparison
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Different Trading Currencies
GSG is traded in USD, while EUR=X is traded in EUR. To make them comparable, the EUR=X values have been converted to USD using the latest available exchange rates.
Returns By Period
GSG
- 1D
- 1.57%
- 1M
- 1.37%
- 6M
- 28.74%
- YTD
- 34.43%
- 1Y
- 38.08%
- 3Y*
- 15.01%
- 5Y*
- 14.34%
- 10Y*
- 7.57%
EUR=X
- 1D
- 0.02%
- 1M
- -0.00%
- 6M
- 0.01%
- YTD
- -0.00%
- 1Y
- -0.03%
- 3Y*
- 0.00%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
GSG vs. EUR=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 34.43% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | -23.94% | 15.62% | -13.88% | 3.89% |
EUR=X USD/EUR | -0.00% | -0.03% | 0.01% | 0.07% | -0.18% | 0.16% | -0.12% | 0.27% | -0.19% | 0.11% |
Correlation
The correlation between GSG and EUR=X is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2007 | -0.04 |
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Return for Risk
GSG vs. EUR=X — Risk / Return Rank
GSG
EUR=X
GSG vs. EUR=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P GSCI Commodity-Indexed Trust (GSG) and USD/EUR (EUR=X). 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 | EUR=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.99 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | -0.06 | +2.10 |
| Martin ratioReturn relative to average drawdown | 6.88 | -0.28 | +7.16 |
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Drawdowns
GSG vs. EUR=X - Drawdown Comparison
The maximum GSG drawdown since its inception was -89.62%, which is greater than EUR=X's maximum drawdown of -1.76%. Use the drawdown chart below to compare losses from any high point for GSG and EUR=X.
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Drawdown Indicators
| GSG | EUR=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.62% | -1.76% | -87.86% |
Max Drawdown (1Y)Largest decline over 1 year | -18.81% | -0.43% | -18.38% |
Max Drawdown (3Y)Largest decline over 3 years | -18.81% | -0.81% | -18.00% |
Max Drawdown (5Y)Largest decline over 5 years | -29.12% | -0.81% | -28.31% |
Max Drawdown (10Y)Largest decline over 10 years | -57.64% | -1.22% | -56.42% |
Current DrawdownCurrent decline from peak | -59.41% | -0.74% | -58.67% |
Average DrawdownAverage peak-to-trough decline | -63.69% | -0.72% | -62.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.55% | 0.10% | +5.45% |
Volatility
GSG vs. EUR=X - Volatility Comparison
iShares S&P GSCI Commodity-Indexed Trust (GSG) has a higher volatility of 7.37% compared to USD/EUR (EUR=X) at 0.17%. This indicates that GSG's price experiences larger fluctuations and is considered to be riskier than EUR=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSG | EUR=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.37% | 0.17% | +7.20% |
Volatility (6M)Calculated over the trailing 6-month period | 21.54% | 0.60% | +20.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.48% | 0.75% | +22.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.80% | 0.73% | +22.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.00% | 1.12% | +20.88% |
Frequently Asked Questions
GSG and EUR=X have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (7.37%) compared to EUR=X (0.17%). In terms of maximum drawdown, GSG dropped -89.62% vs EUR=X's -1.76%.
GSG currently has the higher Sharpe Ratio (1.63 vs -0.04), 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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