RSPC vs. GSG
RSPC (Invesco S&P 500 Equal Weight Communication Services ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - RSPC is a Communications Equities fund tracking the S&P 500 Equal Weight Communication Services Plus Index, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past 5 years, RSPC returned -0.13%/yr vs 13.83%/yr for GSG. At a 0.20 correlation, their price movements are largely independent. RSPC charges 0.40%/yr vs 0.75%/yr for GSG.
Performance
RSPC vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, RSPC achieves a -8.48% return, which is significantly lower than GSG's 32.35% return.
RSPC
- 1D
- 0.55%
- 1M
- -1.00%
- 6M
- -8.33%
- YTD
- -8.48%
- 1Y
- -1.59%
- 3Y*
- 9.23%
- 5Y*
- -0.13%
- 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%
RSPC vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RSPC Invesco S&P 500 Equal Weight Communication Services ETF | -8.48% | 18.44% | 17.98% | 17.92% | -29.00% | 14.55% | 22.14% | 21.35% | -11.38% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 32.35% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | -23.94% | 15.62% | -11.10% |
Correlation
The correlation between RSPC and GSG is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2018 | 0.20 |
The correlation between RSPC and GSG shifts across timeframes, from -0.08 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RSPC vs. GSG — Risk / Return Rank
RSPC
GSG
RSPC vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) 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.
| RSPC | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.27 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 1.85 | -1.96 |
| Martin ratioReturn relative to average drawdown | -0.25 | 6.29 | -6.54 |
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Drawdowns
RSPC vs. GSG - Drawdown Comparison
The maximum RSPC drawdown since its inception was -38.03%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for RSPC and GSG.
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Drawdown Indicators
| RSPC | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.03% | -89.62% | +51.59% |
Max Drawdown (1Y)Largest decline over 1 year | -14.71% | -18.81% | +4.10% |
Max Drawdown (3Y)Largest decline over 3 years | -14.71% | -18.81% | +4.10% |
Max Drawdown (5Y)Largest decline over 5 years | -37.73% | -29.12% | -8.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -11.30% | -60.04% | +48.74% |
Average DrawdownAverage peak-to-trough decline | -12.69% | -63.69% | +51.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.50% | 5.51% | +0.99% |
Volatility
RSPC vs. GSG - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) is 4.93%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.35%. This indicates that RSPC 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
| RSPC | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 7.35% | -2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 10.28% | 21.50% | -11.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.00% | 23.48% | -9.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.62% | 22.80% | -4.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.71% | 22.00% | -1.29% |
RSPC vs. GSG - Expense Ratio Comparison
RSPC has a 0.40% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
RSPC vs. GSG - Dividend Comparison
RSPC's dividend yield for the trailing twelve months is around 1.79%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
RSPC Invesco S&P 500 Equal Weight Communication Services ETF | 1.79% | 1.66% | 1.03% | 0.98% | 1.45% | 1.10% | 1.05% | 0.90% | 0.24% |
Frequently Asked Questions
RSPC and GSG have a correlation of -0.08, 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 RSPC (4.93%). In terms of maximum drawdown, RSPC dropped -38.03% vs GSG's -89.62%.
On 5-year performance, GSG leads with 13.83% vs -0.13% for RSPC. On fees, RSPC is cheaper at 0.40% per year. On volatility, RSPC has been the lower-risk option at 4.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GSG has performed better with a 13.83% return vs -0.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RSPC is cheaper with a 0.40% expense ratio, compared with 0.75% for GSG.
RSPC has the higher dividend yield at 1.79%, compared with 0.00% for GSG.
RSPC is categorized as Communications Equities, while GSG is Commodities. RSPC tracks S&P 500 Equal Weight Communication Services Plus Index, while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.40% for RSPC and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (1.48 vs -0.11), 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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