IGSB vs. GSG
IGSB (iShares 1-5 Year Investment Grade Corporate Bond ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - IGSB is a Corporate Bonds fund tracking the ICE BofA 1-5 Year US Corporate Index, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past 10 years, IGSB returned 2.73%/yr vs 8.03%/yr for GSG. Their -0.01 correlation means they have often moved in opposite directions in the past. IGSB charges 0.04%/yr vs 0.75%/yr for GSG.
Performance
IGSB vs. GSG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGSB achieves a 1.22% return, which is significantly lower than GSG's 32.52% return. Over the past 10 years, IGSB has underperformed GSG with an annualized return of 2.73%, while GSG has yielded a comparatively higher 8.03% annualized return.
IGSB
- 1D
- 0.00%
- 1M
- 0.07%
- 6M
- 0.88%
- YTD
- 1.22%
- 1Y
- 3.47%
- 3Y*
- 5.63%
- 5Y*
- 2.51%
- 10Y*
- 2.73%
- ALL TIME*
- 2.83%
GSG
- 1D
- 0.36%
- 1M
- 5.78%
- 6M
- 21.95%
- YTD
- 32.52%
- 1Y
- 37.47%
- 3Y*
- 12.51%
- 5Y*
- 14.20%
- 10Y*
- 8.03%
- ALL TIME*
- -2.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $18.96M | $16.42M | $22.87M | |
| $160.44M | $140.63M | $160.06M |
IGSB vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 1.22% | 6.96% | 4.97% | 6.40% | -5.63% | -0.56% | 5.37% | 7.11% | 1.25% | 1.27% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 32.52% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | -23.94% | 15.62% | -13.88% | 3.89% |
Correlation
The correlation between IGSB and GSG is -0.36, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.36 |
Correlation (3Y) Balances recent behavior with more history. | -0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.07 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2007 | -0.01 |
Over the past year, the inverse relationship between IGSB and GSG has strengthened: their correlation has moved from -0.01 to -0.36, meaning they now move in opposite directions more often than their long-term average.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGSB vs. GSG — Risk / Return Rank
IGSB
GSG
IGSB vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) and iShares S&P GSCI Commodity-Indexed Trust (GSG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IGSB | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.27 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 2.00 | +0.39 |
| Martin ratioReturn relative to average drawdown | 9.40 | 6.32 | +3.08 |
Loading charts...
Drawdowns
IGSB vs. GSG - Drawdown Comparison
The maximum IGSB drawdown since its inception was -13.38%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for IGSB and GSG.
Loading charts...
Drawdown Indicators
| IGSB | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.38% | -89.62% | +76.24% |
Max Drawdown (1Y)Largest decline over 1 year | -1.46% | -18.81% | +17.35% |
Max Drawdown (3Y)Largest decline over 3 years | -1.46% | -18.81% | +17.35% |
Max Drawdown (5Y)Largest decline over 5 years | -9.41% | -29.12% | +19.71% |
Max Drawdown (10Y)Largest decline over 10 years | -13.38% | -57.64% | +44.26% |
Current DrawdownCurrent decline from peak | 0.00% | -59.99% | +59.99% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -63.67% | +62.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 5.94% | -5.57% |
Volatility
IGSB vs. GSG - Volatility Comparison
The current volatility for iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) is 0.49%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 8.99%. This indicates that IGSB experiences smaller price fluctuations and is considered to be less risky than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IGSB | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 8.99% | -8.50% |
Volatility (6M)Calculated over the trailing 6-month period | 1.58% | 21.89% | -20.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.89% | 24.44% | -22.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 22.90% | -19.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.47% | 22.08% | -18.61% |
IGSB vs. GSG - Expense Ratio Comparison
IGSB has a 0.04% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
IGSB vs. GSG - Dividend Comparison
IGSB's dividend yield for the trailing twelve months is around 4.61%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 4.61% | 4.44% | 4.02% | 3.26% | 2.07% | 1.82% | 2.36% | 3.06% | 2.46% | 1.65% | 1.45% | 1.18% |
Frequently Asked Questions
IGSB and GSG have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (8.99%) compared to IGSB (0.49%). In terms of maximum drawdown, IGSB dropped -13.38% vs GSG's -89.62%.
On 10-year performance, GSG leads with 8.03% vs 2.73% for IGSB. On fees, IGSB is cheaper at 0.04% per year. On volatility, IGSB has been the lower-risk option at 0.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GSG has performed better with a 8.03% return vs 2.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGSB is cheaper with a 0.04% expense ratio, compared with 0.75% for GSG.
IGSB has the higher dividend yield at 4.61%, compared with 0.00% for GSG.
IGSB is categorized as Corporate Bonds, while GSG is Commodities. IGSB tracks ICE BofA 1-5 Year US Corporate Index, while GSG tracks S&P GSCI Total Return Index. Their fees differ too: 0.04% for IGSB and 0.75% for GSG.
IGSB currently has the higher Sharpe Ratio (1.85 vs 1.54), 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.
Find the right allocation for IGSB and GSG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer