GSG vs. PIT
Compare and contrast key facts about iShares S&P GSCI Commodity-Indexed Trust (GSG) and VanEck Commodity Strategy ETF (PIT).
GSG and PIT 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. PIT is an actively managed fund by VanEck. It was launched on Dec 20, 2022.
Performance
GSG vs. PIT - Performance Comparison
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GSG vs. PIT - 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% | 2.51% |
PIT VanEck Commodity Strategy ETF | 37.04% | 21.63% | 6.77% | -4.54% | 2.74% |
Returns By Period
In the year-to-date period, GSG achieves a 39.85% return, which is significantly higher than PIT's 37.04% 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%
PIT
- 1D
- -0.55%
- 1M
- 18.54%
- YTD
- 37.04%
- 6M
- 43.92%
- 1Y
- 54.67%
- 3Y*
- 21.59%
- 5Y*
- —
- 10Y*
- —
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GSG vs. PIT - Expense Ratio Comparison
GSG has a 0.75% expense ratio, which is higher than PIT's 0.55% expense ratio.
Return for Risk
GSG vs. PIT — Risk / Return Rank
GSG
PIT
GSG vs. PIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P GSCI Commodity-Indexed Trust (GSG) and VanEck Commodity Strategy ETF (PIT). 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 | PIT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.98 | 2.59 | -0.60 |
Sortino ratioReturn per unit of downside risk | 2.66 | 3.18 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.46 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 3.70 | 4.85 | -1.16 |
Martin ratioReturn relative to average drawdown | 10.32 | 17.48 | -7.16 |
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 | PIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 2.59 | -0.60 |
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 | 1.10 | -1.19 |
Correlation
The correlation between GSG and PIT is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GSG vs. PIT - Dividend Comparison
GSG has not paid dividends to shareholders, while PIT's dividend yield for the trailing twelve months is around 6.51%.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% |
PIT VanEck Commodity Strategy ETF | 6.51% | 8.92% | 3.59% | 6.44% |
Drawdowns
GSG vs. PIT - Drawdown Comparison
The maximum GSG drawdown since its inception was -89.62%, which is greater than PIT's maximum drawdown of -12.27%. Use the drawdown chart below to compare losses from any high point for GSG and PIT.
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Drawdown Indicators
| GSG | PIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.62% | -12.27% | -77.35% |
Max Drawdown (1Y)Largest decline over 1 year | -11.91% | -11.66% | -0.25% |
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% | -0.55% | -57.23% |
Average DrawdownAverage peak-to-trough decline | -63.77% | -4.06% | -59.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 3.24% | +1.03% |
Volatility
GSG vs. PIT - Volatility Comparison
iShares S&P GSCI Commodity-Indexed Trust (GSG) has a higher volatility of 11.08% compared to VanEck Commodity Strategy ETF (PIT) at 10.09%. This indicates that GSG's price experiences larger fluctuations and is considered to be riskier than PIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSG | PIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.08% | 10.09% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 16.24% | 17.34% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.16% | 21.28% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.97% | 17.04% | +4.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.78% | 17.04% | +4.74% |