PSCU vs. GSG
PSCU (Invesco S&P SmallCap Utilities & Communication Services ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - PSCU is a Utilities Equities fund tracking the S&P SmallCap 600 Capped Utilities & Communication Services Index, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past 10 years, PSCU returned 5.81%/yr vs 7.69%/yr for GSG. At a 0.20 correlation, their price movements are largely independent. PSCU charges 0.29%/yr vs 0.75%/yr for GSG.
Performance
PSCU vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, PSCU achieves a 12.29% return, which is significantly lower than GSG's 42.58% return. Over the past 10 years, PSCU has underperformed GSG with an annualized return of 5.81%, while GSG has yielded a comparatively higher 7.69% annualized return.
PSCU
- 1D
- -2.32%
- 1M
- -2.43%
- YTD
- 12.29%
- 6M
- 10.22%
- 1Y
- 18.43%
- 3Y*
- 6.90%
- 5Y*
- 0.96%
- 10Y*
- 5.81%
GSG
- 1D
- 0.77%
- 1M
- -4.83%
- YTD
- 42.58%
- 6M
- 41.06%
- 1Y
- 51.52%
- 3Y*
- 19.31%
- 5Y*
- 15.74%
- 10Y*
- 7.69%
PSCU vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF | 12.29% | -1.93% | 10.68% | 2.12% | -19.73% | 30.12% | 3.80% | 9.67% | -4.80% | 12.42% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 42.58% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | -23.94% | 15.62% | -13.88% | 3.89% |
Correlation
The correlation between PSCU 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 (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2010 | 0.20 |
The correlation between PSCU and GSG shifts across timeframes, from -0.19 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PSCU vs. GSG — Risk / Return Rank
PSCU
GSG
PSCU vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU) 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.
| PSCU | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.40 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 5.47 | -3.25 |
| Martin ratioReturn relative to average drawdown | 5.64 | 14.39 | -8.75 |
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
| PSCU | GSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 2.26 | -1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.70 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.35 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | -0.09 | +0.56 |
Drawdowns
PSCU vs. GSG - Drawdown Comparison
The maximum PSCU drawdown since its inception was -29.97%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for PSCU and GSG.
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Drawdown Indicators
| PSCU | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.97% | -89.62% | +59.65% |
Max Drawdown (1Y)Largest decline over 1 year | -8.32% | -9.46% | +1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -23.55% | -14.94% | -8.61% |
Max Drawdown (5Y)Largest decline over 5 years | -29.97% | -29.12% | -0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -29.97% | -57.64% | +27.67% |
Current DrawdownCurrent decline from peak | -3.46% | -56.95% | +53.49% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -63.71% | +56.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 3.59% | -0.31% |
Volatility
PSCU vs. GSG - Volatility Comparison
The current volatility for Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU) is 5.04%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.65%. This indicates that PSCU 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
| PSCU | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 7.65% | -2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 11.07% | 20.42% | -9.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.81% | 22.95% | -7.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.42% | 22.61% | -4.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.47% | 22.03% | -2.56% |
PSCU vs. GSG - Expense Ratio Comparison
PSCU has a 0.29% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
PSCU vs. GSG - Dividend Comparison
PSCU's dividend yield for the trailing twelve months is around 0.99%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF | 0.99% | 1.10% | 0.98% | 1.60% | 1.71% | 2.69% | 1.20% | 2.47% | 2.35% | 1.84% | 6.93% | 2.94% |
Frequently Asked Questions
PSCU 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 (7.65%) compared to PSCU (5.04%). In terms of maximum drawdown, PSCU dropped -29.97% vs GSG's -89.62%.
On 10-year performance, GSG leads with 7.69% vs 5.81% for PSCU. On fees, PSCU is cheaper at 0.29% per year. On volatility, PSCU has been the lower-risk option at 5.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GSG has performed better with a 7.69% return vs 5.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSCU is cheaper with a 0.29% expense ratio, compared with 0.75% for GSG.
PSCU has the higher dividend yield at 0.99%, compared with 0.00% for GSG.
PSCU is categorized as Utilities Equities, while GSG is Commodities. PSCU tracks S&P SmallCap 600 Capped Utilities & Communication Services Index, while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.29% for PSCU and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (2.26 vs 1.17), 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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