MVAL vs. GSG
MVAL (VanEck Morningstar Wide Moat Value ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - MVAL is a Large Cap Value Equities fund tracking the Morningstar US Broad Value Wide Moat Focus Index - Benchmark TR Gross, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past year, MVAL returned 13.96% vs 51.52% for GSG. At a correlation of -0.07, they often move in opposite directions. MVAL charges 0.49%/yr vs 0.75%/yr for GSG.
Performance
MVAL vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, MVAL achieves a -2.29% return, which is significantly lower than GSG's 42.58% return.
MVAL
- 1D
- -0.54%
- 1M
- -0.15%
- YTD
- -2.29%
- 6M
- -2.26%
- 1Y
- 13.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- 0.77%
- 1M
- -4.83%
- YTD
- 42.58%
- 6M
- 41.06%
- 1Y
- 51.52%
- 3Y*
- 19.31%
- 5Y*
- 15.74%
- 10Y*
- 7.69%
MVAL vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MVAL VanEck Morningstar Wide Moat Value ETF | -2.29% | 14.17% | 6.10% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 42.58% | 5.93% | -1.31% |
Correlation
The correlation between MVAL and GSG is -0.20, 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 | -0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2024 | -0.07 |
The correlation between MVAL and GSG shifts across timeframes, from -0.20 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MVAL vs. GSG — Risk / Return Rank
MVAL
GSG
MVAL vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat Value ETF (MVAL) 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.
| MVAL | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.40 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 5.47 | -4.32 |
| Martin ratioReturn relative to average drawdown | 2.87 | 14.39 | -11.53 |
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
| MVAL | GSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 2.26 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | -0.09 | +0.61 |
Drawdowns
MVAL vs. GSG - Drawdown Comparison
The maximum MVAL drawdown since its inception was -19.56%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for MVAL and GSG.
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Drawdown Indicators
| MVAL | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.56% | -89.62% | +70.06% |
Max Drawdown (1Y)Largest decline over 1 year | -12.16% | -9.46% | -2.70% |
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 | -10.57% | -56.95% | +46.38% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -63.71% | +59.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 3.59% | +1.29% |
Volatility
MVAL vs. GSG - Volatility Comparison
The current volatility for VanEck Morningstar Wide Moat Value ETF (MVAL) is 3.59%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.65%. This indicates that MVAL 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
| MVAL | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.59% | 7.65% | -4.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 20.42% | -10.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.73% | 22.95% | -9.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.40% | 22.61% | -7.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.40% | 22.03% | -6.63% |
MVAL vs. GSG - Expense Ratio Comparison
MVAL has a 0.49% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
MVAL vs. GSG - Dividend Comparison
MVAL's dividend yield for the trailing twelve months is around 1.79%, 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% |
MVAL VanEck Morningstar Wide Moat Value ETF | 1.79% | 1.75% | 0.97% |
Frequently Asked Questions
MVAL and GSG have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (7.65%) compared to MVAL (3.59%). In terms of maximum drawdown, MVAL dropped -19.56% vs GSG's -89.62%.
On 1-year performance, GSG leads with 51.52% vs 13.96% for MVAL. On fees, MVAL is cheaper at 0.49% per year. On volatility, MVAL has been the lower-risk option at 3.59%. 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 51.52% return vs 13.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MVAL is cheaper with a 0.49% expense ratio, compared with 0.75% for GSG.
MVAL has the higher dividend yield at 1.79%, compared with 0.00% for GSG.
MVAL is categorized as Large Cap Value Equities, while GSG is Commodities. MVAL tracks Morningstar US Broad Value Wide Moat Focus Index - Benchmark TR Gross, while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.49% for MVAL and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (2.26 vs 1.02), 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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