PAWZ vs. GSG
PAWZ (ProShares Pet Care ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - PAWZ is a Global Equities fund tracking the FactSet Pet Care Index, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past 5 years, PAWZ returned -8.65%/yr vs 14.20%/yr for GSG. At a 0.12 correlation, their price movements are largely independent. PAWZ charges 0.50%/yr vs 0.75%/yr for GSG.
Performance
PAWZ vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, PAWZ achieves a -8.43% return, which is significantly lower than GSG's 33.95% return.
PAWZ
- 1D
- 1.92%
- 1M
- 3.43%
- 6M
- -10.07%
- YTD
- -8.43%
- 1Y
- -11.87%
- 3Y*
- -0.22%
- 5Y*
- -8.65%
- 10Y*
- —
GSG
- 1D
- -0.93%
- 1M
- 4.15%
- 6M
- 29.74%
- YTD
- 33.95%
- 1Y
- 37.41%
- 3Y*
- 15.32%
- 5Y*
- 14.20%
- 10Y*
- 7.61%
PAWZ vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PAWZ ProShares Pet Care ETF | -8.43% | 1.21% | 3.88% | 12.47% | -40.08% | 10.46% | 61.69% | 22.95% | -8.52% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 33.95% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | -23.94% | 15.62% | -16.55% |
Correlation
The correlation between PAWZ and GSG is -0.25, 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 | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2018 | 0.12 |
The correlation between PAWZ and GSG shifts across timeframes, from -0.25 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PAWZ vs. GSG — Risk / Return Rank
PAWZ
GSG
PAWZ vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Pet Care ETF (PAWZ) 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.
| PAWZ | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -3.11 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.29 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 2.00 | -2.56 |
| Martin ratioReturn relative to average drawdown | -1.18 | 6.66 | -7.84 |
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Drawdowns
PAWZ vs. GSG - Drawdown Comparison
The maximum PAWZ drawdown since its inception was -50.07%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for PAWZ and GSG.
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Drawdown Indicators
| PAWZ | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.07% | -89.62% | +39.55% |
Max Drawdown (1Y)Largest decline over 1 year | -21.10% | -18.81% | -2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -23.12% | -18.81% | -4.31% |
Max Drawdown (5Y)Largest decline over 5 years | -50.07% | -29.12% | -20.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -39.08% | -59.56% | +20.48% |
Average DrawdownAverage peak-to-trough decline | -22.83% | -63.68% | +40.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.12% | 5.63% | +4.49% |
Volatility
PAWZ vs. GSG - Volatility Comparison
The current volatility for ProShares Pet Care ETF (PAWZ) is 5.82%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.17%. This indicates that PAWZ 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
| PAWZ | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.82% | 7.17% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 12.57% | 21.54% | -8.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.14% | 23.48% | -6.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.31% | 22.80% | -2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.63% | 22.00% | -0.37% |
PAWZ vs. GSG - Expense Ratio Comparison
PAWZ has a 0.50% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
PAWZ vs. GSG - Dividend Comparison
PAWZ's dividend yield for the trailing twelve months is around 0.70%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PAWZ ProShares Pet Care ETF | 0.70% | 0.81% | 0.63% | 0.44% | 0.54% | 0.18% | 0.14% | 0.35% | 0.07% |
Frequently Asked Questions
PAWZ and GSG have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (7.17%) compared to PAWZ (5.82%). In terms of maximum drawdown, PAWZ dropped -50.07% vs GSG's -89.62%.
On 5-year performance, GSG leads with 14.20% vs -8.65% for PAWZ. On fees, PAWZ is cheaper at 0.50% per year. On volatility, PAWZ has been the lower-risk option at 5.82%. 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 14.20% return vs -8.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PAWZ is cheaper with a 0.50% expense ratio, compared with 0.75% for GSG.
PAWZ has the higher dividend yield at 0.70%, compared with 0.00% for GSG.
PAWZ is categorized as Global Equities, while GSG is Commodities. PAWZ tracks FactSet Pet Care Index, while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.50% for PAWZ and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (1.60 vs -0.70), 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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