GSG vs. ISCMF
Compare and contrast key facts about iShares S&P GSCI Commodity-Indexed Trust (GSG) and iShares Diversified Commodity Swap UCITS ETF (ISCMF).
GSG and ISCMF 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. ISCMF is a passively managed fund by iShares that tracks the performance of the Bloomberg Commodity Index. It was launched on Mar 4, 2022. Both GSG and ISCMF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GSG vs. ISCMF - Performance Comparison
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GSG vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 39.85% | 5.93% | 8.52% | -5.51% | -5.64% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 17.84% | 19.65% | 3.13% | -9.58% | -5.08% |
Returns By Period
In the year-to-date period, GSG achieves a 39.85% return, which is significantly higher than ISCMF's 17.84% return.
GSG
- 1D
- -1.01%
- 1M
- 24.23%
- YTD
- 39.85%
- 6M
- 40.40%
- 1Y
- 41.63%
- 3Y*
- 17.03%
- 5Y*
- 17.93%
- 10Y*
- 9.09%
ISCMF
- 1D
- 0.00%
- 1M
- 7.22%
- YTD
- 17.84%
- 6M
- 26.76%
- 1Y
- 29.86%
- 3Y*
- 12.27%
- 5Y*
- —
- 10Y*
- —
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GSG vs. ISCMF - Expense Ratio Comparison
GSG has a 0.75% expense ratio, which is higher than ISCMF's 0.19% expense ratio.
Return for Risk
GSG vs. ISCMF — Risk / Return Rank
GSG
ISCMF
GSG vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P GSCI Commodity-Indexed Trust (GSG) and iShares Diversified Commodity Swap UCITS ETF (ISCMF). 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 | ISCMF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.98 | 1.79 | +0.19 |
Sortino ratioReturn per unit of downside risk | 2.66 | 3.44 | -0.78 |
Omega ratioGain probability vs. loss probability | 1.36 | 2.36 | -1.00 |
Calmar ratioReturn relative to maximum drawdown | 3.70 | 5.25 | -1.55 |
Martin ratioReturn relative to average drawdown | 10.32 | 12.38 | -2.06 |
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 | ISCMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 1.79 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.40 | -0.49 |
Correlation
The correlation between GSG and ISCMF is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GSG vs. ISCMF - Dividend Comparison
Neither GSG nor ISCMF has paid dividends to shareholders.
Drawdowns
GSG vs. ISCMF - Drawdown Comparison
The maximum GSG drawdown since its inception was -89.62%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for GSG and ISCMF.
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Drawdown Indicators
| GSG | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.62% | -25.42% | -64.20% |
Max Drawdown (1Y)Largest decline over 1 year | -11.91% | -5.69% | -6.22% |
Max Drawdown (5Y)Largest decline over 5 years | -29.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -57.64% | — | — |
Current DrawdownCurrent decline from peak | -57.78% | -2.55% | -55.23% |
Average DrawdownAverage peak-to-trough decline | -63.77% | -13.98% | -49.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 2.41% | +1.86% |
Volatility
GSG vs. ISCMF - Volatility Comparison
iShares S&P GSCI Commodity-Indexed Trust (GSG) has a higher volatility of 11.08% compared to iShares Diversified Commodity Swap UCITS ETF (ISCMF) at 9.72%. This indicates that GSG's price experiences larger fluctuations and is considered to be riskier than ISCMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSG | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.08% | 9.72% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 16.24% | 13.85% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.16% | 16.72% | +4.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.97% | 14.05% | +7.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.78% | 14.05% | +7.73% |