RPHS vs. GSG
RPHS (Regents Park Hedged Market Strategy ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - RPHS is a Diversified Portfolio fund actively managed by Regents Park, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. RPHS is actively managed, while GSG is passively managed. Over the past 3 years, RPHS returned 15.26%/yr vs 19.31%/yr for GSG. At a 0.07 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
RPHS vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, RPHS achieves a 6.79% return, which is significantly lower than GSG's 42.58% return.
RPHS
- 1D
- -0.44%
- 1M
- 4.34%
- YTD
- 6.79%
- 6M
- 6.98%
- 1Y
- 19.53%
- 3Y*
- 15.26%
- 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%
RPHS vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RPHS Regents Park Hedged Market Strategy ETF | 6.79% | 11.74% | 17.84% | 11.36% | -14.01% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 42.58% | 5.93% | 8.52% | -5.51% | -6.27% |
Correlation
The correlation between RPHS and GSG is -0.23, 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 | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2022 | 0.07 |
The correlation between RPHS and GSG shifts across timeframes, from -0.23 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RPHS vs. GSG — Risk / Return Rank
RPHS
GSG
RPHS vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Regents Park Hedged Market Strategy ETF (RPHS) 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.
| RPHS | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.40 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 5.47 | -2.96 |
| Martin ratioReturn relative to average drawdown | 10.09 | 14.39 | -4.30 |
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
| RPHS | GSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 2.26 | -0.38 |
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 | 0.65 | -0.09 | +0.74 |
Drawdowns
RPHS vs. GSG - Drawdown Comparison
The maximum RPHS drawdown since its inception was -15.77%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for RPHS and GSG.
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Drawdown Indicators
| RPHS | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.77% | -89.62% | +73.85% |
Max Drawdown (1Y)Largest decline over 1 year | -7.81% | -9.46% | +1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -10.84% | -14.94% | +4.10% |
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 | -0.44% | -56.95% | +56.51% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -63.71% | +57.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 3.59% | -1.65% |
Volatility
RPHS vs. GSG - Volatility Comparison
The current volatility for Regents Park Hedged Market Strategy ETF (RPHS) is 2.55%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.65%. This indicates that RPHS 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
| RPHS | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 7.65% | -5.10% |
Volatility (6M)Calculated over the trailing 6-month period | 7.32% | 20.42% | -13.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.48% | 22.95% | -12.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.37% | 22.61% | -11.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.37% | 22.03% | -10.66% |
RPHS vs. GSG - Expense Ratio Comparison
Both RPHS and GSG have an expense ratio of 0.75%.
Dividends
RPHS vs. GSG - Dividend Comparison
RPHS's dividend yield for the trailing twelve months is around 10.42%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RPHS Regents Park Hedged Market Strategy ETF | 10.42% | 11.13% | 3.68% | 5.23% | 1.29% |
Frequently Asked Questions
RPHS and GSG have a correlation of -0.23, 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 RPHS (2.55%). In terms of maximum drawdown, RPHS dropped -15.77% vs GSG's -89.62%.
On 3-year performance, GSG leads with 19.31% vs 15.26% for RPHS. Both ETFs have the same 0.75% expense ratio. On volatility, RPHS has been the lower-risk option at 2.55%. 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 15.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RPHS and GSG have the same expense ratio: 0.75% per year.
RPHS has the higher dividend yield at 10.42%, compared with 0.00% for GSG.
RPHS is categorized as Diversified Portfolio, while GSG is Commodities. They also come from different issuers: Regents Park and iShares.
GSG currently has the higher Sharpe Ratio (2.26 vs 1.87), 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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