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 7.42%/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
In the year-to-date period, GSG achieves a 40.46% return, which is significantly higher than EUR=X's -0.01% return.
GSG
- 1D
- -1.49%
- 1M
- -5.32%
- YTD
- 40.46%
- 6M
- 38.18%
- 1Y
- 49.68%
- 3Y*
- 18.78%
- 5Y*
- 15.39%
- 10Y*
- 7.42%
EUR=X
- 1D
- -0.02%
- 1M
- -0.02%
- YTD
- -0.01%
- 6M
- -0.01%
- 1Y
- 0.01%
- 3Y*
- -0.00%
- 5Y*
- -0.01%
- 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 | 40.46% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | -23.94% | 15.62% | -13.88% | 3.89% |
EUR=X USD/EUR | -0.01% | -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 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 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.
| GSG | EUR=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +2.77 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.00 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 5.28 | 0.02 | +5.26 |
| Martin ratioReturn relative to average drawdown | 13.78 | 0.08 | +13.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GSG | EUR=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 0.01 | +2.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | -0.01 | +0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.00 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | -0.00 | -0.09 |
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 | -9.46% | -0.43% | -9.03% |
Max Drawdown (3Y)Largest decline over 3 years | -14.94% | -0.81% | -14.13% |
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 | -57.59% | -0.75% | -56.84% |
Average DrawdownAverage peak-to-trough decline | -63.71% | -0.72% | -62.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 0.09% | +3.53% |
Volatility
GSG vs. EUR=X - Volatility Comparison
iShares S&P GSCI Commodity-Indexed Trust (GSG) has a higher volatility of 7.72% compared to USD/EUR (EUR=X) at 0.23%. 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 | 7.72% | 0.23% | +7.49% |
Volatility (6M)Calculated over the trailing 6-month period | 20.48% | 0.55% | +19.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.01% | 0.75% | +22.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.61% | 0.73% | +21.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.03% | 1.13% | +20.90% |
Frequently Asked Questions
GSG and EUR=X have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (7.72%) compared to EUR=X (0.23%). In terms of maximum drawdown, GSG dropped -89.62% vs EUR=X's -1.76%.
GSG currently has the higher Sharpe Ratio (2.17 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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