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 8.24%/yr vs 0.00%/yr for EUR=X. Their -0.04 correlation means they have often moved in opposite directions in the past.
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
In the year-to-date period, GSG achieves a 35.21% return, which is significantly higher than EUR=X's 0.02% return.
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%
EUR=X
- 1D
- 0.12%
- 1M
- 0.01%
- 6M
- 0.00%
- YTD
- 0.02%
- 1Y
- 0.01%
- 3Y*
- 0.01%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
- ALL TIME*
- -0.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
EUR=X USD/EUR | $58.03K | $43.17K | $44.81K |
| $17.98M | $16.40M | $25.53M |
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 | 35.21% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | -23.94% | 15.62% | -13.88% | 3.89% |
EUR=X USD/EUR | 0.02% | -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 -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.04 |
Correlation (3Y) Balances recent behavior with more history. | -0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 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 | +1.58 | ||
| Sortino ratioReturn per unit of downside risk | +2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.00 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 0.02 | +2.04 |
| Martin ratioReturn relative to average drawdown | 6.61 | 0.09 | +6.51 |
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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 -1.84%. 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% | -1.84% | -87.78% |
Max Drawdown (1Y)Largest decline over 1 year | -18.81% | -0.43% | -18.38% |
Max Drawdown (3Y)Largest decline over 3 years | -18.81% | -1.79% | -17.02% |
Max Drawdown (5Y)Largest decline over 5 years | -29.12% | -1.79% | -27.33% |
Max Drawdown (10Y)Largest decline over 10 years | -57.64% | -1.79% | -55.85% |
Current DrawdownCurrent decline from peak | -59.18% | -1.42% | -57.76% |
Average DrawdownAverage peak-to-trough decline | -63.67% | -0.81% | -62.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.85% | 0.10% | +5.75% |
Volatility
GSG vs. EUR=X - Volatility Comparison
iShares S&P GSCI Commodity-Indexed Trust (GSG) has a higher volatility of 8.75% compared to USD/EUR (EUR=X) at 0.24%. 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 | 8.75% | 0.24% | +8.51% |
Volatility (6M)Calculated over the trailing 6-month period | 22.27% | 0.63% | +21.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.37% | 0.78% | +23.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.89% | 1.22% | +21.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.07% | 1.45% | +20.62% |
Frequently Asked Questions
GSG and EUR=X have a correlation of -0.04, 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 EUR=X (0.24%). In terms of maximum drawdown, GSG dropped -89.62% vs EUR=X's -1.84%.
GSG currently has the higher Sharpe Ratio (1.59 vs 0.01), 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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