GSG vs. SGOV
Compare and contrast key facts about iShares S&P GSCI Commodity-Indexed Trust (GSG) and iShares 0-3 Month Treasury Bond ETF (SGOV).
GSG and SGOV 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. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Securities Index. It was launched on May 26, 2020. Both GSG and SGOV 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. SGOV - Performance Comparison
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GSG vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 38.38% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | 28.71% |
SGOV iShares 0-3 Month Treasury Bond ETF | 0.88% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.05% |
Returns By Period
In the year-to-date period, GSG achieves a 38.38% return, which is significantly higher than SGOV's 0.88% return.
GSG
- 1D
- -1.05%
- 1M
- 18.45%
- YTD
- 38.38%
- 6M
- 39.22%
- 1Y
- 40.14%
- 3Y*
- 16.62%
- 5Y*
- 17.68%
- 10Y*
- 8.98%
SGOV
- 1D
- 0.02%
- 1M
- 0.30%
- YTD
- 0.88%
- 6M
- 1.89%
- 1Y
- 4.07%
- 3Y*
- 4.80%
- 5Y*
- 3.41%
- 10Y*
- —
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GSG vs. SGOV - Expense Ratio Comparison
GSG has a 0.75% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Return for Risk
GSG vs. SGOV — Risk / Return Rank
GSG
SGOV
GSG vs. SGOV - 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 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.91 | 20.61 | -18.70 |
Sortino ratioReturn per unit of downside risk | 2.58 | 283.87 | -281.29 |
Omega ratioGain probability vs. loss probability | 1.35 | 201.33 | -199.98 |
Calmar ratioReturn relative to maximum drawdown | 3.37 | 411.31 | -407.94 |
Martin ratioReturn relative to average drawdown | 9.40 | 4,618.08 | -4,608.68 |
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 | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.91 | 20.61 | -18.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 14.12 | -13.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 12.34 | -12.44 |
Correlation
The correlation between GSG and SGOV is -0.08. 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.
Dividends
GSG vs. SGOV - Dividend Comparison
GSG has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.95%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.95% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Drawdowns
GSG vs. SGOV - Drawdown Comparison
The maximum GSG drawdown since its inception was -89.62%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for GSG and SGOV.
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Drawdown Indicators
| GSG | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.62% | -0.03% | -89.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.91% | -0.01% | -11.90% |
Max Drawdown (5Y)Largest decline over 5 years | -29.12% | -0.03% | -29.09% |
Max Drawdown (10Y)Largest decline over 10 years | -57.64% | — | — |
Current DrawdownCurrent decline from peak | -58.22% | 0.00% | -58.22% |
Average DrawdownAverage peak-to-trough decline | -63.77% | 0.00% | -63.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 0.00% | +4.27% |
Volatility
GSG vs. SGOV - Volatility Comparison
iShares S&P GSCI Commodity-Indexed Trust (GSG) has a higher volatility of 11.23% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that GSG's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSG | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.23% | 0.06% | +11.17% |
Volatility (6M)Calculated over the trailing 6-month period | 16.29% | 0.13% | +16.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.14% | 0.20% | +20.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.97% | 0.24% | +21.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.77% | 0.24% | +21.53% |