RDOG vs. GSG
RDOG (ALPS REIT Dividend Dogs ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - RDOG is a REIT fund tracking the S-Network REIT Dividend Dogs Index, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past 10 years, RDOG returned 4.12%/yr vs 7.40%/yr for GSG. At a 0.24 correlation, their price movements are largely independent. RDOG charges 0.35%/yr vs 0.75%/yr for GSG.
Performance
RDOG vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, RDOG achieves a 19.31% return, which is significantly lower than GSG's 32.35% return. Over the past 10 years, RDOG has underperformed GSG with an annualized return of 4.12%, while GSG has yielded a comparatively higher 7.40% annualized return.
RDOG
- 1D
- 0.36%
- 1M
- 0.48%
- 6M
- 15.64%
- YTD
- 19.31%
- 1Y
- 21.53%
- 3Y*
- 10.69%
- 5Y*
- 2.57%
- 10Y*
- 4.12%
GSG
- 1D
- 3.60%
- 1M
- -0.20%
- 6M
- 28.24%
- YTD
- 32.35%
- 1Y
- 34.57%
- 3Y*
- 14.41%
- 5Y*
- 13.83%
- 10Y*
- 7.40%
RDOG vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RDOG ALPS REIT Dividend Dogs ETF | 19.31% | 0.95% | 4.57% | 10.38% | -25.53% | 34.42% | -10.01% | 21.54% | -5.70% | 11.84% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 32.35% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | -23.94% | 15.62% | -13.88% | 3.89% |
Correlation
The correlation between RDOG 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 | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since May 22, 2008 | 0.24 |
The correlation between RDOG and GSG shifts across timeframes, from -0.21 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RDOG vs. GSG — Risk / Return Rank
RDOG
GSG
RDOG vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS REIT Dividend Dogs ETF (RDOG) 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.
| RDOG | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.27 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 1.85 | +0.31 |
| Martin ratioReturn relative to average drawdown | 6.96 | 6.29 | +0.67 |
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Drawdowns
RDOG vs. GSG - Drawdown Comparison
The maximum RDOG drawdown since its inception was -67.59%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for RDOG and GSG.
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Drawdown Indicators
| RDOG | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.59% | -89.62% | +22.03% |
Max Drawdown (1Y)Largest decline over 1 year | -10.02% | -18.81% | +8.79% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -18.81% | -2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -35.52% | -29.12% | -6.40% |
Max Drawdown (10Y)Largest decline over 10 years | -49.35% | -57.64% | +8.29% |
Current DrawdownCurrent decline from peak | -1.33% | -60.04% | +58.71% |
Average DrawdownAverage peak-to-trough decline | -12.20% | -63.69% | +51.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 5.51% | -2.41% |
Volatility
RDOG vs. GSG - Volatility Comparison
The current volatility for ALPS REIT Dividend Dogs ETF (RDOG) is 4.70%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.35%. This indicates that RDOG 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
| RDOG | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 7.35% | -2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 11.27% | 21.50% | -10.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.82% | 23.48% | -8.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.85% | 22.80% | -2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.05% | 22.00% | +1.05% |
RDOG vs. GSG - Expense Ratio Comparison
RDOG has a 0.35% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
RDOG vs. GSG - Dividend Comparison
RDOG's dividend yield for the trailing twelve months is around 6.12%, 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% |
RDOG ALPS REIT Dividend Dogs ETF | 6.12% | 6.91% | 6.11% | 7.07% | 5.25% | 3.11% | 5.12% | 3.10% | 3.13% | 3.64% | 3.66% | 3.43% |
Frequently Asked Questions
RDOG 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 (7.35%) compared to RDOG (4.70%). In terms of maximum drawdown, RDOG dropped -67.59% vs GSG's -89.62%.
On 10-year performance, GSG leads with 7.40% vs 4.12% for RDOG. On fees, RDOG is cheaper at 0.35% per year. On volatility, RDOG has been the lower-risk option at 4.70%. 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 7.40% return vs 4.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RDOG is cheaper with a 0.35% expense ratio, compared with 0.75% for GSG.
RDOG has the higher dividend yield at 6.12%, compared with 0.00% for GSG.
RDOG is categorized as REIT, while GSG is Commodities. RDOG tracks S-Network REIT Dividend Dogs Index, while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: SS&C and iShares. Their fees differ too: 0.35% for RDOG and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (1.48 vs 1.46), 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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