QSPT vs. GSG
QSPT (FT Cboe Vest Nasdaq-100 Buffer ETF – September) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - QSPT is a Nasdaq-100 fund actively managed by FT Vest, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. QSPT is actively managed, while GSG is passively managed. Over the past 3 years, QSPT returned 18.70%/yr vs 19.31%/yr for GSG. At a 0.08 correlation, their price movements are largely independent. QSPT charges 0.90%/yr vs 0.75%/yr for GSG.
Performance
QSPT vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, QSPT achieves a 9.63% return, which is significantly lower than GSG's 42.58% return.
QSPT
- 1D
- 0.00%
- 1M
- 3.30%
- YTD
- 9.63%
- 6M
- 9.45%
- 1Y
- 21.04%
- 3Y*
- 18.70%
- 5Y*
- —
- 10Y*
- —
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%
QSPT vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QSPT FT Cboe Vest Nasdaq-100 Buffer ETF – September | 9.63% | 14.58% | 16.07% | 43.15% | -20.38% | 4.49% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 42.58% | 5.93% | 8.52% | -5.51% | 24.08% | 6.34% |
Correlation
The correlation between QSPT and GSG is -0.21, 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 | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021 | 0.08 |
The correlation between QSPT and GSG shifts across timeframes, from -0.21 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QSPT vs. GSG — Risk / Return Rank
QSPT
GSG
QSPT vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Nasdaq-100 Buffer ETF – September (QSPT) 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.
| QSPT | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.40 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 5.47 | -2.55 |
| Martin ratioReturn relative to average drawdown | 13.08 | 14.39 | -1.31 |
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
| QSPT | GSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 2.26 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | -0.09 | +0.91 |
Drawdowns
QSPT vs. GSG - Drawdown Comparison
The maximum QSPT drawdown since its inception was -22.64%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for QSPT and GSG.
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Drawdown Indicators
| QSPT | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.64% | -89.62% | +66.98% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | -9.46% | +2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -15.38% | -14.94% | -0.44% |
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 | 0.00% | -56.95% | +56.95% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -63.71% | +59.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 3.59% | -1.98% |
Volatility
QSPT vs. GSG - Volatility Comparison
The current volatility for FT Cboe Vest Nasdaq-100 Buffer ETF – September (QSPT) is 1.25%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.65%. This indicates that QSPT 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
| QSPT | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 7.65% | -6.40% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 20.42% | -12.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.53% | 22.95% | -13.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.14% | 22.61% | -7.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.14% | 22.03% | -6.89% |
QSPT vs. GSG - Expense Ratio Comparison
QSPT has a 0.90% expense ratio, which is higher than GSG's 0.75% expense ratio.
Dividends
QSPT vs. GSG - Dividend Comparison
Neither QSPT nor GSG has paid dividends to shareholders.
Frequently Asked Questions
QSPT and GSG have a correlation of -0.21, 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 QSPT (1.25%). In terms of maximum drawdown, QSPT dropped -22.64% vs GSG's -89.62%.
On 3-year performance, GSG leads with 19.31% vs 18.70% for QSPT. On fees, GSG is cheaper at 0.75% per year. On volatility, QSPT has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GSG has performed better with a 19.31% return vs 18.70%. 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 0.90% for QSPT.
QSPT and GSG have nearly identical dividend yields, around 0.00%.
QSPT is categorized as Nasdaq-100, while GSG is Commodities. They also come from different issuers: FT Vest and iShares. Their fees differ too: 0.90% for QSPT and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (2.26 vs 2.22), 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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