OEFA vs. GSG
OEFA (ALPS O'Shares International Developed Quality Dividend ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - OEFA is a International Equity fund tracking the O’Shares International Developed Quality Dividend Index, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. At a correlation of -0.28, they often move in opposite directions. OEFA charges 0.48%/yr vs 0.75%/yr for GSG.
Performance
OEFA vs. GSG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OEFA achieves a 2.69% return, which is significantly lower than GSG's 22.42% return.
OEFA
- 1D
- 0.30%
- 1M
- 1.18%
- YTD
- 2.69%
- 6M
- 2.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- -2.49%
- 1M
- -15.10%
- YTD
- 22.42%
- 6M
- 21.05%
- 1Y
- 27.68%
- 3Y*
- 13.07%
- 5Y*
- 12.18%
- 10Y*
- 6.32%
OEFA vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OEFA ALPS O'Shares International Developed Quality Dividend ETF | 2.69% | 0.73% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 22.42% | 0.39% |
Correlation
The correlation between OEFA and GSG is -0.28, 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 (All Time) Calculated using the full available price history since Oct 1, 2025 | -0.28 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
OEFA vs. GSG — Risk / Return Rank
OEFA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GSG
OEFA vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS O'Shares International Developed Quality Dividend ETF (OEFA) 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.
| OEFA | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.23 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.48 | — |
| Martin ratioReturn relative to average drawdown | — | 6.67 | — |
Loading charts...
Drawdowns
OEFA vs. GSG - Drawdown Comparison
The maximum OEFA drawdown since its inception was -13.54%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for OEFA and GSG.
Loading charts...
Drawdown Indicators
| OEFA | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.54% | -89.62% | +76.08% |
Max Drawdown (1Y)Largest decline over 1 year | — | -18.81% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.81% | — |
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 | -3.54% | -63.04% | +59.50% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -63.69% | +59.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.16% | — |
Volatility
OEFA vs. GSG - Volatility Comparison
Loading charts...
Volatility by Period
| OEFA | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.75% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 20.98% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.65% | 22.98% | -5.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.65% | 22.70% | -5.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.65% | 22.02% | -4.37% |
OEFA vs. GSG - Expense Ratio Comparison
OEFA has a 0.48% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
OEFA vs. GSG - Dividend Comparison
OEFA's dividend yield for the trailing twelve months is around 1.45%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% |
OEFA ALPS O'Shares International Developed Quality Dividend ETF | 1.45% | 0.28% |
Frequently Asked Questions
OEFA and GSG have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OEFA is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OEFA is cheaper with a 0.48% expense ratio, compared with 0.75% for GSG.
OEFA has the higher dividend yield at 1.45%, compared with 0.00% for GSG.
OEFA is categorized as International Equity, while GSG is Commodities. OEFA tracks O’Shares International Developed Quality Dividend Index, while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: ALPS and iShares. Their fees differ too: 0.48% for OEFA and 0.75% for GSG.
Find the right allocation for OEFA and GSG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer