REAI vs. GSG
REAI (Intelligent Real Estate ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - REAI is a REIT fund actively managed by Armada ETF Advisors, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. REAI is actively managed, while GSG is passively managed. Over the past 3 years, REAI returned 4.36%/yr vs 14.41%/yr for GSG. At a correlation of -0.03, they often move in opposite directions. REAI charges 0.59%/yr vs 0.75%/yr for GSG.
Performance
REAI vs. GSG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, REAI achieves a 14.15% return, which is significantly lower than GSG's 32.35% return.
REAI
- 1D
- -0.36%
- 1M
- -1.09%
- 6M
- 9.23%
- YTD
- 14.15%
- 1Y
- 10.21%
- 3Y*
- 4.36%
- 5Y*
- —
- 10Y*
- —
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%
REAI vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
REAI Intelligent Real Estate ETF | 14.15% | -6.08% | 8.00% | 1.59% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 32.35% | 5.93% | 8.52% | 6.03% |
Correlation
The correlation between REAI and GSG is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2023 | -0.03 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
REAI vs. GSG — Risk / Return Rank
REAI
GSG
REAI vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Intelligent Real Estate ETF (REAI) 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.
| REAI | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.27 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 1.85 | -0.92 |
| Martin ratioReturn relative to average drawdown | 2.33 | 6.29 | -3.96 |
Loading charts...
Drawdowns
REAI vs. GSG - Drawdown Comparison
The maximum REAI drawdown since its inception was -22.29%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for REAI and GSG.
Loading charts...
Drawdown Indicators
| REAI | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.29% | -89.62% | +67.33% |
Max Drawdown (1Y)Largest decline over 1 year | -11.08% | -18.81% | +7.73% |
Max Drawdown (3Y)Largest decline over 3 years | -22.29% | -18.81% | -3.48% |
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 | -2.85% | -60.04% | +57.19% |
Average DrawdownAverage peak-to-trough decline | -7.14% | -63.69% | +56.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 5.51% | -1.12% |
Volatility
REAI vs. GSG - Volatility Comparison
The current volatility for Intelligent Real Estate ETF (REAI) is 3.73%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.35%. This indicates that REAI 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.
Loading charts...
Volatility by Period
| REAI | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 7.35% | -3.62% |
Volatility (6M)Calculated over the trailing 6-month period | 10.83% | 21.50% | -10.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.46% | 23.48% | -8.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.94% | 22.80% | -4.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.94% | 22.00% | -4.06% |
REAI vs. GSG - Expense Ratio Comparison
REAI has a 0.59% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
REAI vs. GSG - Dividend Comparison
REAI's dividend yield for the trailing twelve months is around 3.25%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% |
REAI Intelligent Real Estate ETF | 3.25% | 4.52% | 3.34% | 1.99% |
Frequently Asked Questions
REAI and GSG have a correlation of -0.12, 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 REAI (3.73%). In terms of maximum drawdown, REAI dropped -22.29% vs GSG's -89.62%.
On 3-year performance, GSG leads with 14.41% vs 4.36% for REAI. On fees, REAI is cheaper at 0.59% per year. On volatility, REAI has been the lower-risk option at 3.73%. 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 14.41% return vs 4.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
REAI is cheaper with a 0.59% expense ratio, compared with 0.75% for GSG.
REAI has the higher dividend yield at 3.25%, compared with 0.00% for GSG.
REAI is categorized as REIT, while GSG is Commodities. They also come from different issuers: Armada ETF Advisors and iShares. Their fees differ too: 0.59% for REAI and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (1.48 vs 0.66), 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.
Find the right allocation for REAI and GSG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer