KEEL vs. GSG
KEEL (Keel Infrastructure Corporation) is a stock, while GSG (iShares S&P GSCI Commodity-Indexed Trust) is Commodities fund tracking the S&P GSCI Total Return Index. Over the past 5 years, KEEL returned 4.55%/yr vs 13.83%/yr for GSG. At a 0.08 correlation, their price movements are largely independent.
Performance
KEEL vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, KEEL achieves a 85.53% return, which is significantly higher than GSG's 32.35% return.
KEEL
- 1D
- -6.24%
- 1M
- -22.00%
- 6M
- 43.89%
- YTD
- 85.53%
- 1Y
- 307.48%
- 3Y*
- 30.32%
- 5Y*
- 4.55%
- 10Y*
- —
GSG
- 1D
- 3.60%
- 1M
- -0.20%
- 6M
- 28.24%
- YTD
- 32.35%
- 1Y
- 34.57%
- 3Y*
- 14.41%
- 5Y*
- 13.83%
- 10Y*
- 7.40%
KEEL vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
KEEL Keel Infrastructure Corporation | 85.53% | 57.72% | -48.80% | 561.36% | -91.29% | 165.79% | 397.66% | -27.96% | -64.19% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 32.35% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | -23.94% | 15.62% | -19.05% |
Correlation
The correlation between KEEL and GSG is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2018 | 0.08 |
The correlation between KEEL and GSG shifts across timeframes, from -0.03 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
KEEL vs. GSG — Risk / Return Rank
KEEL
GSG
KEEL vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Keel Infrastructure Corporation (KEEL) 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.
| KEEL | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.27 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.21 | 1.85 | +2.36 |
| Martin ratioReturn relative to average drawdown | 6.95 | 6.29 | +0.66 |
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Drawdowns
KEEL vs. GSG - Drawdown Comparison
The maximum KEEL drawdown since its inception was -95.72%, which is greater than GSG's maximum drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for KEEL and GSG.
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Drawdown Indicators
| KEEL | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.72% | -89.62% | -6.10% |
Max Drawdown (1Y)Largest decline over 1 year | -73.65% | -18.81% | -54.84% |
Max Drawdown (3Y)Largest decline over 3 years | -81.04% | -18.81% | -62.23% |
Max Drawdown (5Y)Largest decline over 5 years | -95.72% | -29.12% | -66.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -50.85% | -60.04% | +9.19% |
Average DrawdownAverage peak-to-trough decline | -67.21% | -63.69% | -3.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.45% | 5.51% | +38.94% |
Volatility
KEEL vs. GSG - Volatility Comparison
Keel Infrastructure Corporation (KEEL) has a higher volatility of 27.04% compared to iShares S&P GSCI Commodity-Indexed Trust (GSG) at 7.35%. This indicates that KEEL's price experiences larger fluctuations and is considered to be riskier than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KEEL | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.04% | 7.35% | +19.69% |
Volatility (6M)Calculated over the trailing 6-month period | 71.14% | 21.50% | +49.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 110.50% | 23.48% | +87.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.18% | 22.80% | +82.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 289.75% | 22.00% | +267.75% |
Dividends
KEEL vs. GSG - Dividend Comparison
Neither KEEL nor GSG has paid dividends to shareholders.
Frequently Asked Questions
KEEL and GSG have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KEEL has higher volatility (27.04%) compared to GSG (7.35%). In terms of maximum drawdown, KEEL dropped -95.72% vs GSG's -89.62%.
KEEL currently has the higher Sharpe Ratio (2.81 vs 1.48), 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.
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