NVCR vs. GSG
NVCR (NovoCure Limited) is a stock, while GSG (iShares S&P GSCI Commodity-Indexed Trust) is Commodities fund tracking the S&P GSCI Total Return Index. Over the past 10 years, NVCR returned 3.35%/yr vs 7.40%/yr for GSG. At a 0.08 correlation, their price movements are largely independent.
Performance
NVCR vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, NVCR achieves a 24.44% return, which is significantly lower than GSG's 32.35% return. Over the past 10 years, NVCR has underperformed GSG with an annualized return of 3.35%, while GSG has yielded a comparatively higher 7.40% annualized return.
NVCR
- 1D
- -1.29%
- 1M
- -9.51%
- 6M
- 13.47%
- YTD
- 24.44%
- 1Y
- -8.58%
- 3Y*
- -26.14%
- 5Y*
- -38.62%
- 10Y*
- 3.35%
GSG
- 1D
- 3.60%
- 1M
- -0.20%
- 6M
- 28.24%
- YTD
- 32.35%
- 1Y
- 34.57%
- 3Y*
- 14.41%
- 5Y*
- 13.83%
- 10Y*
- 7.40%
NVCR vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NVCR NovoCure Limited | 24.44% | -56.61% | 99.60% | -79.65% | -2.30% | -56.61% | 105.34% | 151.70% | 65.74% | 157.32% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 32.35% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | -23.94% | 15.62% | -13.88% | 3.89% |
Correlation
The correlation between NVCR and GSG is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2015 | 0.08 |
The correlation between NVCR and GSG shifts across timeframes, from -0.15 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NVCR vs. GSG — Risk / Return Rank
NVCR
GSG
NVCR vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NovoCure Limited (NVCR) 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.
| NVCR | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.27 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 1.85 | -2.05 |
| Martin ratioReturn relative to average drawdown | -0.33 | 6.29 | -6.62 |
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Drawdowns
NVCR vs. GSG - Drawdown Comparison
The maximum NVCR drawdown since its inception was -95.55%, which is greater than GSG's maximum drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for NVCR and GSG.
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Drawdown Indicators
| NVCR | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.55% | -89.62% | -5.93% |
Max Drawdown (1Y)Largest decline over 1 year | -42.42% | -18.81% | -23.61% |
Max Drawdown (3Y)Largest decline over 3 years | -75.28% | -18.81% | -56.47% |
Max Drawdown (5Y)Largest decline over 5 years | -94.72% | -29.12% | -65.60% |
Max Drawdown (10Y)Largest decline over 10 years | -95.55% | -57.64% | -37.91% |
Current DrawdownCurrent decline from peak | -92.87% | -60.04% | -32.83% |
Average DrawdownAverage peak-to-trough decline | -52.52% | -63.69% | +11.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.69% | 5.51% | +21.18% |
Volatility
NVCR vs. GSG - Volatility Comparison
NovoCure Limited (NVCR) has a higher volatility of 28.03% compared to iShares S&P GSCI Commodity-Indexed Trust (GSG) at 7.35%. This indicates that NVCR's price experiences larger fluctuations and is considered to be riskier 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
| NVCR | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.03% | 7.35% | +20.68% |
Volatility (6M)Calculated over the trailing 6-month period | 62.75% | 21.50% | +41.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.19% | 23.48% | +53.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.13% | 22.80% | +57.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.14% | 22.00% | +50.14% |
Dividends
NVCR vs. GSG - Dividend Comparison
Neither NVCR nor GSG has paid dividends to shareholders.
Frequently Asked Questions
NVCR and GSG have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVCR has higher volatility (28.03%) compared to GSG (7.35%). In terms of maximum drawdown, NVCR dropped -95.55% vs GSG's -89.62%.
GSG currently has the higher Sharpe Ratio (1.48 vs -0.11), 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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