OCTZ vs. GSG
OCTZ (TrueShares Structured Outcome (October) ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - OCTZ is a Defined Outcome fund actively managed by TrueShares, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. OCTZ is actively managed, while GSG is passively managed. Over the past 5 years, OCTZ returned 11.17%/yr vs 15.39%/yr for GSG. At a 0.15 correlation, their price movements are largely independent. OCTZ charges 0.79%/yr vs 0.75%/yr for GSG.
Performance
OCTZ vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, OCTZ achieves a 8.61% return, which is significantly lower than GSG's 40.46% return.
OCTZ
- 1D
- 0.31%
- 1M
- 3.88%
- YTD
- 8.61%
- 6M
- 8.59%
- 1Y
- 21.02%
- 3Y*
- 16.62%
- 5Y*
- 11.17%
- 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%
OCTZ vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
OCTZ TrueShares Structured Outcome (October) ETF | 8.61% | 12.89% | 18.89% | 18.18% | -10.23% | 20.49% | 8.53% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 40.46% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | 16.87% |
Correlation
The correlation between OCTZ and GSG is -0.22, 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 | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2020 | 0.15 |
The correlation between OCTZ and GSG shifts across timeframes, from -0.22 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OCTZ vs. GSG — Risk / Return Rank
OCTZ
GSG
OCTZ vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (October) ETF (OCTZ) 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.
| OCTZ | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.39 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 5.28 | -2.39 |
| Martin ratioReturn relative to average drawdown | 12.25 | 13.78 | -1.53 |
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
| OCTZ | GSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.25 | 2.17 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.68 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | -0.09 | +1.16 |
Drawdowns
OCTZ vs. GSG - Drawdown Comparison
The maximum OCTZ drawdown since its inception was -15.82%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for OCTZ and GSG.
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Drawdown Indicators
| OCTZ | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.82% | -89.62% | +73.80% |
Max Drawdown (1Y)Largest decline over 1 year | -7.31% | -9.46% | +2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -14.07% | -14.94% | +0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -15.82% | -29.12% | +13.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -0.13% | -57.59% | +57.46% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -63.71% | +60.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 3.62% | -1.90% |
Volatility
OCTZ vs. GSG - Volatility Comparison
The current volatility for TrueShares Structured Outcome (October) ETF (OCTZ) is 2.42%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.72%. This indicates that OCTZ 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
| OCTZ | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.42% | 7.72% | -5.30% |
Volatility (6M)Calculated over the trailing 6-month period | 7.26% | 20.48% | -13.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.39% | 23.01% | -13.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.39% | 22.61% | -10.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.37% | 22.03% | -9.66% |
OCTZ vs. GSG - Expense Ratio Comparison
OCTZ has a 0.79% expense ratio, which is higher than GSG's 0.75% expense ratio.
Dividends
OCTZ vs. GSG - Dividend Comparison
OCTZ's dividend yield for the trailing twelve months is around 3.68%, 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% |
OCTZ TrueShares Structured Outcome (October) ETF | 3.68% | 3.99% | 1.26% | 3.28% | 0.67% |
Frequently Asked Questions
OCTZ and GSG have a correlation of -0.22, 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 OCTZ (2.42%). In terms of maximum drawdown, OCTZ dropped -15.82% vs GSG's -89.62%.
On 5-year performance, GSG leads with 15.39% vs 11.17% for OCTZ. On fees, GSG is cheaper at 0.75% per year. On volatility, OCTZ has been the lower-risk option at 2.42%. 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 15.39% return vs 11.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSG is cheaper with a 0.75% expense ratio, compared with 0.79% for OCTZ.
OCTZ has the higher dividend yield at 3.68%, compared with 0.00% for GSG.
OCTZ is categorized as Defined Outcome, while GSG is Commodities. They also come from different issuers: TrueShares and iShares. Their fees differ too: 0.79% for OCTZ and 0.75% for GSG.
OCTZ currently has the higher Sharpe Ratio (2.25 vs 2.17), 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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