METV vs. GSG
METV (Roundhill Ball Metaverse ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - METV is a Technology Equities fund tracking the Ball Metaverse Index - Benchmark TR Net, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past 5 years, METV returned 5.32%/yr vs 13.92%/yr for GSG. Their 0.10 correlation means their historical movements had little consistent relationship. Both charge a 0.75% expense ratio.
Performance
METV vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, METV achieves a 1.19% return, which is significantly lower than GSG's 32.05% return.
METV
- 1D
- 2.00%
- 1M
- 1.46%
- 6M
- 9.40%
- YTD
- 1.19%
- 1Y
- 4.54%
- 3Y*
- 22.55%
- 5Y*
- 5.32%
- 10Y*
- —
- ALL TIME*
- 4.73%
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 | |
| $763.15K | $886.46K | $952.24K |
METV vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
METV Roundhill Ball Metaverse ETF | 1.19% | 30.83% | 24.93% | 60.57% | -52.66% | 0.66% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 32.05% | 5.93% | 8.52% | -5.51% | 24.08% | 7.41% |
Correlation
The correlation between METV and GSG is -0.16, 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. | -0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021 | 0.10 |
The correlation between METV and GSG shifts across timeframes, from -0.16 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
METV vs. GSG — Risk / Return Rank
METV
GSG
METV vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Ball Metaverse ETF (METV) 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.
| METV | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.26 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 1.93 | -1.76 |
| Martin ratioReturn relative to average drawdown | 0.34 | 6.13 | -5.79 |
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Drawdowns
METV vs. GSG - Drawdown Comparison
The maximum METV drawdown since its inception was -59.64%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for METV and GSG.
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Drawdown Indicators
| METV | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.64% | -89.62% | +29.98% |
Max Drawdown (1Y)Largest decline over 1 year | -28.27% | -18.81% | -9.46% |
Max Drawdown (3Y)Largest decline over 3 years | -28.27% | -18.81% | -9.46% |
Max Drawdown (5Y)Largest decline over 5 years | -59.64% | -29.12% | -30.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -10.50% | -60.13% | +49.63% |
Average DrawdownAverage peak-to-trough decline | -25.55% | -63.67% | +38.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.37% | 5.90% | +7.47% |
Volatility
METV vs. GSG - Volatility Comparison
The current volatility for Roundhill Ball Metaverse ETF (METV) is 6.49%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 9.06%. This indicates that METV 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
| METV | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.49% | 9.06% | -2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 19.50% | 22.00% | -2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.39% | 24.45% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.11% | 22.90% | +7.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.89% | 22.09% | +7.80% |
METV vs. GSG - Expense Ratio Comparison
Both METV and GSG have an expense ratio of 0.75%.
Dividends
METV vs. GSG - Dividend Comparison
METV's dividend yield for the trailing twelve months is around 0.18%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
METV Roundhill Ball Metaverse ETF | 0.18% | 0.18% | 0.00% | 0.17% | 0.09% |
Frequently Asked Questions
METV and GSG have a correlation of -0.16, 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 METV (6.49%). In terms of maximum drawdown, METV dropped -59.64% vs GSG's -89.62%.
On 5-year performance, GSG leads with 13.92% vs 5.32% for METV. Both ETFs have the same 0.75% expense ratio. On volatility, METV has been the lower-risk option at 6.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GSG has performed better with a 13.92% return vs 5.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
METV and GSG have the same expense ratio: 0.75% per year.
METV has the higher dividend yield at 0.18%, compared with 0.00% for GSG.
METV is categorized as Technology Equities, while GSG is Commodities. METV tracks Ball Metaverse Index - Benchmark TR Net, while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: Roundhill and iShares.
GSG currently has the higher Sharpe Ratio (1.48 vs 0.18), 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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