GSG vs. EUR=X

Last updated Apr 3, 2026

Compare and contrast key facts about iShares S&P GSCI Commodity-Indexed Trust (GSG) and USD/EUR (EUR=X).

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.

Performance

GSG vs. EUR=X - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P GSCI Commodity-Indexed Trust (GSG) and USD/EUR (EUR=X). The values are adjusted to include any dividend payments, if applicable.

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	45.06%	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%

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 45.06% return, which is significantly higher than EUR=X's 0.01% return.

GSG

• 1D: 4.83%
• 1M: 22.44%
• YTD: 45.06%
• 6M: 47.42%
• 1Y: 45.94%
• 3Y*: 17.42%
• 5Y*: 18.79%
• 10Y*: 9.67%

EUR=X

• 1D: -0.00%
• 1M: 0.01%
• YTD: 0.01%
• 6M: 0.04%
• 1Y: -0.18%
• 3Y*: 0.02%
• 5Y*: 0.00%
• 10Y*: 0.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

GSG vs. EUR=X — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GSG

GSG Risk / Return Rank: 90
GSG Sharpe Ratio Rank: 91
GSG Sortino Ratio Rank: 92
GSG Omega Ratio Rank: 89
GSG Calmar Ratio Rank: 93
GSG Martin Ratio Rank: 84

EUR=X

EUR=X Risk / Return Rank: 36
EUR=X Sharpe Ratio Rank: 22
EUR=X Sortino Ratio Rank: 25
EUR=X Omega Ratio Rank: 22
EUR=X Calmar Ratio Rank: 57
EUR=X Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio Return per unit of total volatility	2.13	-0.14	+2.27
Sortino ratio Return per unit of downside risk	2.88	-0.19	+3.07
Omega ratio Gain probability vs. loss probability	1.39	0.97	+0.42
Calmar ratio Return relative to maximum drawdown	3.94	0.17	+3.76
Martin ratio Return relative to average drawdown	10.99	1.03	+9.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSG vs. EUR=X - Sharpe Ratio Comparison

The current GSG Sharpe Ratio is 2.13, which is higher than the EUR=X Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of GSG and EUR=X, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GSG	EUR=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	-0.14	+2.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.00	+0.85
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.00	+0.44
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	0.00	-0.09

Correlation

The correlation between GSG and EUR=X is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

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.

Drawdown Indicators

	GSG	EUR=X	Difference
Max Drawdown Largest peak-to-trough decline	-89.62%	-20.32%	-69.30%
Max Drawdown (1Y) Largest decline over 1 year	-8.10%	-9.38%	+1.28%
Max Drawdown (5Y) Largest decline over 5 years	-29.12%	-20.32%	-8.80%
Max Drawdown (10Y) Largest decline over 10 years	-57.64%	-20.32%	-37.32%
Current Drawdown Current decline from peak	-56.21%	-16.83%	-39.38%
Average Drawdown Average peak-to-trough decline	-63.77%	-9.52%	-54.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.27%	2.39%	+1.88%

Volatility

GSG vs. EUR=X - Volatility Comparison

iShares S&P GSCI Commodity-Indexed Trust (GSG) has a higher volatility of 11.90% compared to USD/EUR (EUR=X) at 0.45%. 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.

Volatility by Period

	GSG	EUR=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.90%	0.45%	+11.45%
Volatility (6M) Calculated over the trailing 6-month period	16.88%	0.47%	+16.41%
Volatility (1Y) Calculated over the trailing 1-year period	21.65%	1.03%	+20.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.06%	0.72%	+21.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.82%	1.14%	+20.68%