RUNN vs. GSG
RUNN (Running Oak Efficient Growth ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - RUNN is a Mid Cap Blend Equities fund actively managed by Running Oak Capital, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. RUNN is actively managed, while GSG is passively managed. Over the past year, RUNN returned -0.93% vs 49.68% for GSG. At a correlation of -0.03, they often move in opposite directions. RUNN charges 0.58%/yr vs 0.75%/yr for GSG.
Performance
RUNN vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, RUNN achieves a -2.05% return, which is significantly lower than GSG's 40.46% return.
RUNN
- 1D
- 0.98%
- 1M
- -0.71%
- YTD
- -2.05%
- 6M
- -2.63%
- 1Y
- -0.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- -1.49%
- 1M
- -5.32%
- YTD
- 40.46%
- 6M
- 38.18%
- 1Y
- 49.68%
- 3Y*
- 18.78%
- 5Y*
- 15.39%
- 10Y*
- 7.42%
RUNN vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RUNN Running Oak Efficient Growth ETF | -2.05% | 2.30% | 17.16% | 12.05% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 40.46% | 5.93% | 8.52% | 3.24% |
Correlation
The correlation between RUNN and GSG is -0.19, 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 | -0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2023 | -0.03 |
The correlation between RUNN and GSG shifts across timeframes, from -0.19 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RUNN vs. GSG — Risk / Return Rank
RUNN
GSG
RUNN vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Running Oak Efficient Growth ETF (RUNN) 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.
| RUNN | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.39 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 5.28 | -5.37 |
| Martin ratioReturn relative to average drawdown | -0.21 | 13.78 | -13.99 |
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
| RUNN | GSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.07 | 2.17 | -2.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.68 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | -0.09 | +0.79 |
Drawdowns
RUNN vs. GSG - Drawdown Comparison
The maximum RUNN drawdown since its inception was -16.83%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for RUNN and GSG.
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Drawdown Indicators
| RUNN | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.83% | -89.62% | +72.79% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -9.46% | -0.88% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.94% | — |
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 | -6.99% | -57.59% | +50.60% |
Average DrawdownAverage peak-to-trough decline | -3.54% | -63.71% | +60.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 3.62% | +0.74% |
Volatility
RUNN vs. GSG - Volatility Comparison
The current volatility for Running Oak Efficient Growth ETF (RUNN) is 3.69%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.72%. This indicates that RUNN 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
| RUNN | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 7.72% | -4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | 20.48% | -10.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.87% | 23.01% | -10.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.81% | 22.61% | -8.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.81% | 22.03% | -8.22% |
RUNN vs. GSG - Expense Ratio Comparison
RUNN has a 0.58% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
RUNN vs. GSG - Dividend Comparison
RUNN's dividend yield for the trailing twelve months is around 0.57%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% |
RUNN Running Oak Efficient Growth ETF | 0.57% | 0.55% | 0.39% | 0.33% |
Frequently Asked Questions
RUNN and GSG have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (7.72%) compared to RUNN (3.69%). In terms of maximum drawdown, RUNN dropped -16.83% vs GSG's -89.62%.
On 1-year performance, GSG leads with 49.68% vs -0.93% for RUNN. On fees, RUNN is cheaper at 0.58% per year. On volatility, RUNN has been the lower-risk option at 3.69%. 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 49.68% return vs -0.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RUNN is cheaper with a 0.58% expense ratio, compared with 0.75% for GSG.
RUNN has the higher dividend yield at 0.57%, compared with 0.00% for GSG.
RUNN is categorized as Mid Cap Blend Equities, while GSG is Commodities. They also come from different issuers: Running Oak Capital and iShares. Their fees differ too: 0.58% for RUNN and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (2.17 vs -0.07), 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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