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ROAM vs. GSG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ROAM vs. GSG

Last updated Jun 4, 2026

ROAM (Hartford Multifactor Emerging Markets ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - ROAM is a Emerging Markets Equities fund tracking the Hartford Multifactor Emerging Markets Equity Index, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past 10 years, ROAM returned 9.87%/yr vs 7.69%/yr for GSG. At a 0.28 correlation, their price movements are largely independent. ROAM charges 0.44%/yr vs 0.75%/yr for GSG.

Performance

ROAM vs. GSG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Multifactor Emerging Markets ETF (ROAM) 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, ROAM achieves a 26.83% return, which is significantly lower than GSG's 42.58% return. Over the past 10 years, ROAM has outperformed GSG with an annualized return of 9.87%, while GSG has yielded a comparatively lower 7.69% annualized return.

ROAM

1D
-1.60%
1M
8.68%
YTD
26.83%
6M
28.99%
1Y
51.96%
3Y*
26.00%
5Y*
12.31%
10Y*
9.87%

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)

ROAM vs. GSG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ROAM
Hartford Multifactor Emerging Markets ETF		26.83%32.08%6.21%21.28%-14.78%9.32%2.24%8.89%-12.24%27.69%
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 ROAM and GSG is -0.18, 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

-0.18

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

0.10

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

0.19

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

0.27

Correlation (All Time)
Calculated using the full available price history since Feb 27, 2015

0.28

The correlation between ROAM and GSG shifts across timeframes, from -0.18 (1 year) to 0.28 (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.

Hartford Multifactor Emerging Markets ETF

iShares S&P GSCI Commodity-Indexed Trust

Often compared with ROAM:
ROAM vs. VWOROAM vs. SVOAXROAM vs. EEMROAM vs. EEMVROAM vs. AVUVROAM vs. FXAIXROAM vs. EDIV
Often compared with GSG:
GSG vs. DBCGSG vs. PDBCGSG vs. COMTGSG vs. VCMDXGSG vs. GLDGSG vs. HGERGSG vs. CGL.TO

Return for Risk

ROAM vs. GSG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ROAM
ROAM Risk / Return Rank: 9191
Overall Rank
ROAM Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
ROAM Sortino Ratio Rank: 9292
Sortino Ratio Rank
ROAM Omega Ratio Rank: 9292
Omega Ratio Rank
ROAM Calmar Ratio Rank: 8989
Calmar Ratio Rank
ROAM Martin Ratio Rank: 8989
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.

ROAM vs. GSG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Multifactor Emerging Markets ETF (ROAM) 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.

ROAMGSGDifference
Sharpe ratioReturn per unit of total volatility
3.50
2.26

+1.24

Sortino ratioReturn per unit of downside risk
4.48
2.88

+1.60

Omega ratioGain probability vs. loss probability

1.63

1.40

+0.23

Calmar ratioReturn relative to maximum drawdown

5.27

5.47

-0.21

Martin ratioReturn relative to average drawdown

19.91

14.39

+5.51

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

ROAM vs. GSG - Sharpe Ratio Comparison

The current ROAM Sharpe Ratio is 3.50, which is higher than the GSG Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of ROAM 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

ROAMGSGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.50

2.26

+1.24

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.81

0.70

+0.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

0.35

+0.20

Sharpe Ratio (All Time)

Calculated using the full available price history

0.38

-0.09

+0.47

Drawdowns

ROAM vs. GSG - Drawdown Comparison

The maximum ROAM drawdown since its inception was -45.47%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for ROAM and GSG.

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Drawdown Indicators

ROAMGSGDifference

Max Drawdown

Largest peak-to-trough decline

-45.47%

-89.62%

+44.15%

Max Drawdown (1Y)

Largest decline over 1 year

-9.92%

-9.46%

-0.46%

Max Drawdown (3Y)

Largest decline over 3 years

-16.79%

-14.94%

-1.85%

Max Drawdown (5Y)

Largest decline over 5 years

-27.07%

-29.12%

+2.05%

Max Drawdown (10Y)

Largest decline over 10 years

-45.47%

-57.64%

+12.17%

Current Drawdown

Current decline from peak

-1.60%

-56.95%

+55.35%

Average Drawdown

Average peak-to-trough decline

-11.13%

-63.71%

+52.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.62%

3.59%

-0.97%

Volatility

ROAM vs. GSG - Volatility Comparison

The current volatility for Hartford Multifactor Emerging Markets ETF (ROAM) is 6.41%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.65%. This indicates that ROAM 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

ROAMGSGDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.41%

7.65%

-1.24%

Volatility (6M)

Calculated over the trailing 6-month period

12.76%

20.42%

-7.66%

Volatility (1Y)

Calculated over the trailing 1-year period

14.93%

22.95%

-8.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.23%

22.61%

-7.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.87%

22.03%

-4.16%

ROAM vs. GSG - Expense Ratio Comparison

ROAM has a 0.44% expense ratio, which is lower than GSG's 0.75% expense ratio.

Dividends

ROAM vs. GSG - Dividend Comparison

ROAM's dividend yield for the trailing twelve months is around 2.50%, while GSG has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
ROAM
Hartford Multifactor Emerging Markets ETF		2.50%3.17%4.15%5.40%5.23%4.22%3.04%3.55%2.54%1.84%1.89%2.25%

Frequently Asked Questions

ROAM and GSG have a correlation of -0.18, 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 ROAM (6.41%). In terms of maximum drawdown, ROAM dropped -45.47% vs GSG's -89.62%.

On 10-year performance, ROAM leads with 9.87% vs 7.69% for GSG. On fees, ROAM is cheaper at 0.44% per year. On volatility, ROAM has been the lower-risk option at 6.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, ROAM has performed better with a 9.87% return vs 7.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ROAM is cheaper with a 0.44% expense ratio, compared with 0.75% for GSG.

ROAM has the higher dividend yield at 2.50%, compared with 0.00% for GSG.

ROAM is categorized as Emerging Markets Equities, while GSG is Commodities. ROAM tracks Hartford Multifactor Emerging Markets Equity Index, while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: Hartford and iShares. Their fees differ too: 0.44% for ROAM and 0.75% for GSG.

ROAM currently has the higher Sharpe Ratio (3.50 vs 2.26), 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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