RSEE vs. GSG
RSEE (Rareview Systematic Equity ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - RSEE is a Long-Short fund actively managed by Rareview Funds, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. RSEE is actively managed, while GSG is passively managed. Over the past 3 years, RSEE returned 17.96%/yr vs 14.02%/yr for GSG. At a 0.12 correlation, their price movements are largely independent. RSEE charges 1.27%/yr vs 0.75%/yr for GSG.
Performance
RSEE vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, RSEE achieves a 12.65% return, which is significantly lower than GSG's 25.54% return.
RSEE
- 1D
- -2.89%
- 1M
- -0.47%
- YTD
- 12.65%
- 6M
- 11.67%
- 1Y
- 32.53%
- 3Y*
- 17.96%
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- -1.03%
- 1M
- -12.93%
- YTD
- 25.54%
- 6M
- 23.88%
- 1Y
- 27.65%
- 3Y*
- 14.02%
- 5Y*
- 12.78%
- 10Y*
- 6.58%
RSEE vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RSEE Rareview Systematic Equity ETF | 12.65% | 20.54% | 18.54% | 10.21% | -2.49% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 25.54% | 5.93% | 8.52% | -5.51% | 14.39% |
Correlation
The correlation between RSEE and GSG is -0.17, 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 | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2022 | 0.12 |
The correlation between RSEE and GSG shifts across timeframes, from -0.17 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RSEE vs. GSG — Risk / Return Rank
RSEE
GSG
RSEE vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rareview Systematic Equity ETF (RSEE) 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.
| RSEE | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.23 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 1.66 | +0.88 |
| Martin ratioReturn relative to average drawdown | 10.23 | 6.95 | +3.28 |
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Drawdowns
RSEE vs. GSG - Drawdown Comparison
The maximum RSEE drawdown since its inception was -21.60%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for RSEE and GSG.
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Drawdown Indicators
| RSEE | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.60% | -89.62% | +68.02% |
Max Drawdown (1Y)Largest decline over 1 year | -12.89% | -16.74% | +3.85% |
Max Drawdown (3Y)Largest decline over 3 years | -21.60% | -16.74% | -4.86% |
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 | -3.77% | -62.10% | +58.33% |
Average DrawdownAverage peak-to-trough decline | -3.77% | -63.69% | +59.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 4.01% | -0.82% |
Volatility
RSEE vs. GSG - Volatility Comparison
Rareview Systematic Equity ETF (RSEE) has a higher volatility of 8.04% compared to iShares S&P GSCI Commodity-Indexed Trust (GSG) at 5.46%. This indicates that RSEE's price experiences larger fluctuations and is considered to be riskier 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
| RSEE | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 5.46% | +2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 15.53% | 20.82% | -5.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.84% | 23.17% | -4.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.22% | 22.67% | -3.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.22% | 22.01% | -2.79% |
RSEE vs. GSG - Expense Ratio Comparison
RSEE has a 1.27% expense ratio, which is higher than GSG's 0.75% expense ratio.
Dividends
RSEE vs. GSG - Dividend Comparison
Neither RSEE nor GSG has 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% |
RSEE Rareview Systematic Equity ETF | 0.00% | 0.24% | 9.02% | 0.84% | 1.97% |
Frequently Asked Questions
RSEE and GSG have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RSEE has higher volatility (8.04%) compared to GSG (5.46%). In terms of maximum drawdown, RSEE dropped -21.60% vs GSG's -89.62%.
On 3-year performance, RSEE leads with 17.96% vs 14.02% for GSG. On fees, GSG is cheaper at 0.75% per year. On volatility, GSG has been the lower-risk option at 5.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, RSEE has performed better with a 17.96% return vs 14.02%. 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 1.27% for RSEE.
RSEE and GSG have nearly identical dividend yields, around 0.00%.
RSEE is categorized as Long-Short, while GSG is Commodities. They also come from different issuers: Rareview Funds and iShares. Their fees differ too: 1.27% for RSEE and 0.75% for GSG.
RSEE currently has the higher Sharpe Ratio (1.74 vs 1.22), 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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