LPRE vs. GSG
LPRE (Long Pond Real Estate Select ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - LPRE is a REIT fund actively managed by Long Pond, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. LPRE is actively managed, while GSG is passively managed. Over the past year, LPRE returned 19.97% vs 36.06% for GSG. Their -0.19 correlation means they have often moved in opposite directions in the past. LPRE charges 1.00%/yr vs 0.75%/yr for GSG.
Performance
LPRE vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, LPRE achieves a 13.96% return, which is significantly lower than GSG's 32.05% return.
LPRE
- 1D
- 1.11%
- 1M
- -1.81%
- 6M
- 13.05%
- YTD
- 13.96%
- 1Y
- 19.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 23.55%
GSG
- 1D
- -2.34%
- 1M
- 7.33%
- 6M
- 21.51%
- YTD
- 32.05%
- 1Y
- 36.06%
- 3Y*
- 12.37%
- 5Y*
- 13.92%
- 10Y*
- 7.99%
- ALL TIME*
- -2.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $18.82M | $16.77M | $25.29M | |
| $551.16K | $455.12K | $526.12K |
LPRE vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LPRE Long Pond Real Estate Select ETF | 13.96% | 16.34% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 32.05% | 4.96% |
Correlation
The correlation between LPRE and GSG is -0.26, 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. | -0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025 | -0.19 |
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Return for Risk
LPRE vs. GSG — Risk / Return Rank
LPRE
GSG
LPRE vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Long Pond Real Estate Select ETF (LPRE) 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.
| LPRE | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.26 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 1.93 | +0.02 |
| Martin ratioReturn relative to average drawdown | 6.79 | 6.13 | +0.66 |
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Drawdowns
LPRE vs. GSG - Drawdown Comparison
The maximum LPRE drawdown since its inception was -10.33%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for LPRE and GSG.
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Drawdown Indicators
| LPRE | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.33% | -89.62% | +79.29% |
Max Drawdown (1Y)Largest decline over 1 year | -10.33% | -18.81% | +8.48% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.81% | — |
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 | -2.05% | -60.13% | +58.08% |
Average DrawdownAverage peak-to-trough decline | -2.03% | -63.67% | +61.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 5.90% | -2.95% |
Volatility
LPRE vs. GSG - Volatility Comparison
The current volatility for Long Pond Real Estate Select ETF (LPRE) is 4.78%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 9.06%. This indicates that LPRE 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.
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Volatility by Period
| LPRE | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 9.06% | -4.28% |
Volatility (6M)Calculated over the trailing 6-month period | 11.38% | 22.00% | -10.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.21% | 24.45% | -9.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.84% | 22.90% | -5.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.84% | 22.09% | -4.25% |
LPRE vs. GSG - Expense Ratio Comparison
LPRE has a 1.00% expense ratio, which is higher than GSG's 0.75% expense ratio.
Dividends
LPRE vs. GSG - Dividend Comparison
LPRE's dividend yield for the trailing twelve months is around 1.67%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% |
LPRE Long Pond Real Estate Select ETF | 1.67% | 0.93% |
Frequently Asked Questions
LPRE and GSG have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (9.06%) compared to LPRE (4.78%). In terms of maximum drawdown, LPRE dropped -10.33% vs GSG's -89.62%.
On 1-year performance, GSG leads with 36.06% vs 19.97% for LPRE. On fees, GSG is cheaper at 0.75% per year. On volatility, LPRE has been the lower-risk option at 4.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GSG has performed better with a 36.06% return vs 19.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSG is cheaper with a 0.75% expense ratio, compared with 1.00% for LPRE.
LPRE has the higher dividend yield at 1.67%, compared with 0.00% for GSG.
LPRE is categorized as REIT, while GSG is Commodities. They also come from different issuers: Long Pond and iShares. Their fees differ too: 1.00% for LPRE and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (1.48 vs 1.32), 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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