MCDS vs. GSG
MCDS (JPMorgan Fundamental Data Science Mid Core ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - MCDS is a Mid Cap Blend Equities fund actively managed by JPMorgan, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. MCDS is actively managed, while GSG is passively managed. Over the past year, MCDS returned 22.27% vs 49.68% for GSG. At a correlation of -0.03, they often move in opposite directions. MCDS charges 0.35%/yr vs 0.75%/yr for GSG.
Performance
MCDS vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, MCDS achieves a 13.38% return, which is significantly lower than GSG's 40.46% return.
MCDS
- 1D
- 0.44%
- 1M
- 3.13%
- YTD
- 13.38%
- 6M
- 13.62%
- 1Y
- 22.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- -1.49%
- 1M
- -5.32%
- YTD
- 40.46%
- 6M
- 38.18%
- 1Y
- 49.68%
- 3Y*
- 18.78%
- 5Y*
- 15.39%
- 10Y*
- 7.42%
MCDS vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MCDS JPMorgan Fundamental Data Science Mid Core ETF | 13.38% | 6.51% | 9.83% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 40.46% | 5.93% | 3.77% |
Correlation
The correlation between MCDS and GSG is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2024 | -0.03 |
The correlation between MCDS and GSG shifts across timeframes, from -0.17 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MCDS vs. GSG — Risk / Return Rank
MCDS
GSG
MCDS vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Fundamental Data Science Mid Core ETF (MCDS) 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.
| MCDS | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.39 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 5.28 | -2.29 |
| Martin ratioReturn relative to average drawdown | 11.12 | 13.78 | -2.66 |
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
| MCDS | GSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 2.17 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.68 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | -0.09 | +1.09 |
Drawdowns
MCDS vs. GSG - Drawdown Comparison
The maximum MCDS drawdown since its inception was -22.50%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for MCDS and GSG.
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Drawdown Indicators
| MCDS | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.50% | -89.62% | +67.12% |
Max Drawdown (1Y)Largest decline over 1 year | -7.47% | -9.46% | +1.99% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.94% | — |
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 | 0.00% | -57.59% | +57.59% |
Average DrawdownAverage peak-to-trough decline | -3.98% | -63.71% | +59.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 3.62% | -1.61% |
Volatility
MCDS vs. GSG - Volatility Comparison
The current volatility for JPMorgan Fundamental Data Science Mid Core ETF (MCDS) is 3.25%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.72%. This indicates that MCDS 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
| MCDS | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 7.72% | -4.47% |
Volatility (6M)Calculated over the trailing 6-month period | 9.86% | 20.48% | -10.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.21% | 23.01% | -9.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 22.61% | -5.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.94% | 22.03% | -5.09% |
MCDS vs. GSG - Expense Ratio Comparison
MCDS has a 0.35% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
MCDS vs. GSG - Dividend Comparison
MCDS's dividend yield for the trailing twelve months is around 1.06%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% |
MCDS JPMorgan Fundamental Data Science Mid Core ETF | 1.06% | 1.23% | 0.64% |
Frequently Asked Questions
MCDS and GSG have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (7.72%) compared to MCDS (3.25%). In terms of maximum drawdown, MCDS dropped -22.50% vs GSG's -89.62%.
On 1-year performance, GSG leads with 49.68% vs 22.27% for MCDS. On fees, MCDS is cheaper at 0.35% per year. On volatility, MCDS has been the lower-risk option at 3.25%. 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 49.68% return vs 22.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MCDS is cheaper with a 0.35% expense ratio, compared with 0.75% for GSG.
MCDS has the higher dividend yield at 1.06%, compared with 0.00% for GSG.
MCDS is categorized as Mid Cap Blend Equities, while GSG is Commodities. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.35% for MCDS and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (2.17 vs 1.69), 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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