RTRE vs. GSG
RTRE (Rareview Total Return Bond ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - RTRE is a Intermediate Core-Plus Bond fund actively managed by Rareview, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. RTRE is actively managed, while GSG is passively managed. Over the past year, RTRE returned 4.37% vs 27.65% for GSG. At a correlation of -0.20, they often move in opposite directions. RTRE charges 0.70%/yr vs 0.75%/yr for GSG.
Performance
RTRE vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, RTRE achieves a 0.23% return, which is significantly lower than GSG's 25.54% return.
RTRE
- 1D
- 0.14%
- 1M
- 0.71%
- YTD
- 0.23%
- 6M
- 0.36%
- 1Y
- 4.37%
- 3Y*
- —
- 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%
RTRE vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RTRE Rareview Total Return Bond ETF | 0.23% | 6.61% | 1.77% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 25.54% | 5.93% | -0.82% |
Correlation
The correlation between RTRE and GSG is -0.36, 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 | -0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024 | -0.20 |
The correlation between RTRE and GSG shifts across timeframes, from -0.36 (1 year) to -0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RTRE vs. GSG — Risk / Return Rank
RTRE
GSG
RTRE vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rareview Total Return Bond ETF (RTRE) 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.
| RTRE | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.66 | -0.47 |
| Martin ratioReturn relative to average drawdown | 3.39 | 6.95 | -3.56 |
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Drawdowns
RTRE vs. GSG - Drawdown Comparison
The maximum RTRE drawdown since its inception was -4.99%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for RTRE and GSG.
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Drawdown Indicators
| RTRE | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.99% | -89.62% | +84.63% |
Max Drawdown (1Y)Largest decline over 1 year | -3.70% | -16.74% | +13.04% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.74% | — |
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 | -2.05% | -62.10% | +60.05% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -63.69% | +62.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 4.01% | -2.72% |
Volatility
RTRE vs. GSG - Volatility Comparison
The current volatility for Rareview Total Return Bond ETF (RTRE) is 1.21%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 5.46%. This indicates that RTRE 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
| RTRE | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 5.46% | -4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.38% | 20.82% | -17.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.27% | 23.17% | -18.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.78% | 22.67% | -17.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.78% | 22.01% | -17.23% |
RTRE vs. GSG - Expense Ratio Comparison
RTRE has a 0.70% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
RTRE vs. GSG - Dividend Comparison
RTRE's dividend yield for the trailing twelve months is around 4.36%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% |
RTRE Rareview Total Return Bond ETF | 4.36% | 4.02% | 3.33% |
Frequently Asked Questions
RTRE and GSG have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (5.46%) compared to RTRE (1.21%). In terms of maximum drawdown, RTRE dropped -4.99% vs GSG's -89.62%.
On 1-year performance, GSG leads with 27.65% vs 4.37% for RTRE. On fees, RTRE is cheaper at 0.70% per year. On volatility, RTRE has been the lower-risk option at 1.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GSG has performed better with a 27.65% return vs 4.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RTRE is cheaper with a 0.70% expense ratio, compared with 0.75% for GSG.
RTRE has the higher dividend yield at 4.36%, compared with 0.00% for GSG.
RTRE is categorized as Intermediate Core-Plus Bond, while GSG is Commodities. They also come from different issuers: Rareview and iShares. Their fees differ too: 0.70% for RTRE and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (1.22 vs 1.03), 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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