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QHY vs. GSG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QHY vs. GSG

Last updated Jun 4, 2026

QHY (WisdomTree U.S. Short-Term Corporate Bond Fund) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - QHY is a High Yield Bonds fund tracking the WisdomTree U.S. High Yield Corporate Bond Index, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past 10 years, QHY returned 4.96%/yr vs 7.69%/yr for GSG. At a 0.18 correlation, their price movements are largely independent. QHY charges 0.38%/yr vs 0.75%/yr for GSG.

Performance

QHY vs. GSG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) and iShares S&P GSCI Commodity-Indexed Trust (GSG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, QHY achieves a 1.46% return, which is significantly lower than GSG's 42.58% return. Over the past 10 years, QHY has underperformed GSG with an annualized return of 4.96%, while GSG has yielded a comparatively higher 7.69% annualized return.

QHY

1D
-0.09%
1M
0.55%
YTD
1.46%
6M
1.70%
1Y
7.29%
3Y*
8.10%
5Y*
3.21%
10Y*
4.96%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QHY vs. GSG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QHY
WisdomTree U.S. Short-Term Corporate Bond Fund		1.46%9.61%5.92%10.12%-11.81%4.12%5.99%15.65%-0.06%5.66%
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 QHY and GSG is -0.30, 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

-0.30

Correlation (3Y)
Calculated over the trailing 3-year period

-0.02

Correlation (5Y)
Calculated over the trailing 5-year period

0.10

Correlation (10Y)
Calculated over the trailing 10-year period

0.18

Correlation (All Time)
Calculated using the full available price history since Apr 28, 2016

0.18

The correlation between QHY and GSG shifts across timeframes, from -0.30 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree U.S. Short-Term Corporate Bond Fund

iShares S&P GSCI Commodity-Indexed Trust

Often compared with QHY:
QHY vs. SGOVQHY vs. JBBBQHY vs. HYGQHY vs. IBHHQHY vs. USHYQHY vs. BBHYQHY vs. FSYD
Often compared with GSG:
GSG vs. DBCGSG vs. PDBCGSG vs. COMTGSG vs. VCMDXGSG vs. GLDGSG vs. HGERGSG vs. CGL.TO

Return for Risk

QHY vs. GSG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QHY
QHY Risk / Return Rank: 6363
Overall Rank
QHY Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
QHY Sortino Ratio Rank: 6767
Sortino Ratio Rank
QHY Omega Ratio Rank: 6666
Omega Ratio Rank
QHY Calmar Ratio Rank: 5454
Calmar Ratio Rank
QHY Martin Ratio Rank: 6767
Martin Ratio Rank
GSG
GSG Risk / Return Rank: 7171
Overall Rank
GSG Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
GSG Sortino Ratio Rank: 6060
Sortino Ratio Rank
GSG Omega Ratio Rank: 6565
Omega Ratio Rank
GSG Calmar Ratio Rank: 8989
Calmar Ratio Rank
GSG Martin Ratio Rank: 7575
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QHY vs. GSG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) 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.

QHYGSGDifference
Sharpe ratioReturn per unit of total volatility
2.01
2.26

-0.25

Sortino ratioReturn per unit of downside risk
3.05
2.88

+0.17

Omega ratioGain probability vs. loss probability

1.39

1.40

-0.01

Calmar ratioReturn relative to maximum drawdown

2.65

5.47

-2.83

Martin ratioReturn relative to average drawdown

12.02

14.39

-2.37

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QHY vs. GSG - Sharpe Ratio Comparison

The current QHY Sharpe Ratio is 2.01, which is comparable to the GSG Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of QHY and GSG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

QHYGSGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.01

2.26

-0.25

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.43

0.70

-0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.61

0.35

+0.26

Sharpe Ratio (All Time)

Calculated using the full available price history

0.61

-0.09

+0.70

Drawdowns

QHY vs. GSG - Drawdown Comparison

The maximum QHY drawdown since its inception was -22.74%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for QHY and GSG.

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Drawdown Indicators

QHYGSGDifference

Max Drawdown

Largest peak-to-trough decline

-22.74%

-89.62%

+66.88%

Max Drawdown (1Y)

Largest decline over 1 year

-2.77%

-9.46%

+6.69%

Max Drawdown (3Y)

Largest decline over 3 years

-4.58%

-14.94%

+10.36%

Max Drawdown (5Y)

Largest decline over 5 years

-16.21%

-29.12%

+12.91%

Max Drawdown (10Y)

Largest decline over 10 years

-22.74%

-57.64%

+34.90%

Current Drawdown

Current decline from peak

-0.09%

-56.95%

+56.86%

Average Drawdown

Average peak-to-trough decline

-2.75%

-63.71%

+60.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.61%

3.59%

-2.98%

Volatility

QHY vs. GSG - Volatility Comparison

The current volatility for WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) is 1.08%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.65%. This indicates that QHY 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

QHYGSGDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.08%

7.65%

-6.57%

Volatility (6M)

Calculated over the trailing 6-month period

2.86%

20.42%

-17.56%

Volatility (1Y)

Calculated over the trailing 1-year period

3.65%

22.95%

-19.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.57%

22.61%

-15.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.20%

22.03%

-13.83%

QHY vs. GSG - Expense Ratio Comparison

QHY has a 0.38% expense ratio, which is lower than GSG's 0.75% expense ratio.

Dividends

QHY vs. GSG - Dividend Comparison

QHY's dividend yield for the trailing twelve months is around 6.26%, while GSG has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019201820172016
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%
QHY
WisdomTree U.S. Short-Term Corporate Bond Fund		6.26%6.26%6.40%6.11%5.44%4.09%4.80%5.21%5.93%6.47%4.39%

Frequently Asked Questions

QHY and GSG have a correlation of -0.30, 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 QHY (1.08%). In terms of maximum drawdown, QHY dropped -22.74% vs GSG's -89.62%.

On 10-year performance, GSG leads with 7.69% vs 4.96% for QHY. On fees, QHY is cheaper at 0.38% per year. On volatility, QHY has been the lower-risk option at 1.08%. 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 4.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QHY is cheaper with a 0.38% expense ratio, compared with 0.75% for GSG.

QHY has the higher dividend yield at 6.26%, compared with 0.00% for GSG.

QHY is categorized as High Yield Bonds, while GSG is Commodities. QHY tracks WisdomTree U.S. High Yield Corporate Bond Index, while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.38% for QHY and 0.75% for GSG.

GSG currently has the higher Sharpe Ratio (2.26 vs 2.01), 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.

Portfolio Optimizer

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