NJNK vs. GSG
NJNK (Columbia U.S. High Yield ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - NJNK is a High Yield Bonds fund actively managed by Columbia, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. NJNK is actively managed, while GSG is passively managed. Over the past year, NJNK returned 6.19% vs 27.65% for GSG. At a correlation of -0.05, they often move in opposite directions. NJNK charges 0.46%/yr vs 0.75%/yr for GSG.
Performance
NJNK vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, NJNK achieves a 1.53% return, which is significantly lower than GSG's 25.54% return.
NJNK
- 1D
- 0.03%
- 1M
- 0.53%
- YTD
- 1.53%
- 6M
- 1.62%
- 1Y
- 6.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- -1.03%
- 1M
- -12.93%
- YTD
- 25.54%
- 6M
- 23.88%
- 1Y
- 27.65%
- 3Y*
- 14.02%
- 5Y*
- 12.78%
- 10Y*
- 6.58%
NJNK vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NJNK Columbia U.S. High Yield ETF | 1.53% | 9.03% | 0.77% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 25.54% | 5.93% | 7.08% |
Correlation
The correlation between NJNK and GSG is -0.19, 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 | -0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | -0.05 |
The correlation between NJNK and GSG shifts across timeframes, from -0.19 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NJNK vs. GSG — Risk / Return Rank
NJNK
GSG
NJNK vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia U.S. High Yield ETF (NJNK) 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.
| NJNK | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.23 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 1.66 | +0.70 |
| Martin ratioReturn relative to average drawdown | 9.76 | 6.95 | +2.81 |
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Drawdowns
NJNK vs. GSG - Drawdown Comparison
The maximum NJNK drawdown since its inception was -4.48%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for NJNK and GSG.
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Drawdown Indicators
| NJNK | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.48% | -89.62% | +85.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -16.74% | +14.11% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.74% | — |
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 | -0.22% | -62.10% | +61.88% |
Average DrawdownAverage peak-to-trough decline | -0.49% | -63.69% | +63.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 4.01% | -3.37% |
Volatility
NJNK vs. GSG - Volatility Comparison
The current volatility for Columbia U.S. High Yield ETF (NJNK) is 1.05%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 5.46%. This indicates that NJNK 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
| NJNK | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 5.46% | -4.41% |
Volatility (6M)Calculated over the trailing 6-month period | 3.12% | 20.82% | -17.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 23.17% | -19.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.77% | 22.67% | -17.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.77% | 22.01% | -17.24% |
NJNK vs. GSG - Expense Ratio Comparison
NJNK has a 0.46% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
NJNK vs. GSG - Dividend Comparison
NJNK's dividend yield for the trailing twelve months is around 6.42%, 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% |
NJNK Columbia U.S. High Yield ETF | 6.42% | 6.34% | 2.05% |
Frequently Asked Questions
NJNK and GSG have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (5.46%) compared to NJNK (1.05%). In terms of maximum drawdown, NJNK dropped -4.48% vs GSG's -89.62%.
On 1-year performance, GSG leads with 27.65% vs 6.19% for NJNK. On fees, NJNK is cheaper at 0.46% per year. On volatility, NJNK has been the lower-risk option at 1.05%. 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 27.65% return vs 6.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NJNK is cheaper with a 0.46% expense ratio, compared with 0.75% for GSG.
NJNK has the higher dividend yield at 6.42%, compared with 0.00% for GSG.
NJNK is categorized as High Yield Bonds, while GSG is Commodities. They also come from different issuers: Columbia and iShares. Their fees differ too: 0.46% for NJNK and 0.75% for GSG.
NJNK currently has the higher Sharpe Ratio (1.54 vs 1.22), 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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