SCLS vs. GSG
SCLS (Stoneport Advisors Commodity Long Short ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both Commodities funds - SCLS tracks the Stoneport Advisors Dynamic Commodity Index - Total Return while GSG tracks the S&P GSCI Total Return Index. Both are passively managed. A 0.62 correlation means they provide meaningful diversification when combined. SCLS charges 1.10%/yr vs 0.75%/yr for GSG.
Performance
SCLS vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, SCLS achieves a 17.54% return, which is significantly lower than GSG's 26.84% return.
SCLS
- 1D
- 0.00%
- 1M
- -5.91%
- YTD
- 17.54%
- 6M
- 17.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- -0.95%
- 1M
- -12.03%
- YTD
- 26.84%
- 6M
- 26.40%
- 1Y
- 23.99%
- 3Y*
- 14.41%
- 5Y*
- 13.07%
- 10Y*
- 6.69%
SCLS vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SCLS Stoneport Advisors Commodity Long Short ETF | 17.54% | 1.61% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 26.84% | -1.50% |
Correlation
The correlation between SCLS and GSG is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 4, 2025 | 0.62 |
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Return for Risk
SCLS vs. GSG — Risk / Return Rank
SCLS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GSG
SCLS vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Stoneport Advisors Commodity Long Short ETF (SCLS) 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.
| SCLS | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.52 | — |
| Martin ratioReturn relative to average drawdown | — | 6.22 | — |
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Drawdowns
SCLS vs. GSG - Drawdown Comparison
The maximum SCLS drawdown since its inception was -7.90%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for SCLS and GSG.
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Drawdown Indicators
| SCLS | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.90% | -89.62% | +81.72% |
Max Drawdown (1Y)Largest decline over 1 year | — | -15.88% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.88% | — |
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 | -7.85% | -61.70% | +53.85% |
Average DrawdownAverage peak-to-trough decline | -1.66% | -63.69% | +62.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.46% | — |
Volatility
SCLS vs. GSG - Volatility Comparison
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Volatility by Period
| SCLS | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.46% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 20.81% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.38% | 23.19% | -4.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.38% | 22.66% | -4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.38% | 22.03% | -3.65% |
SCLS vs. GSG - Expense Ratio Comparison
SCLS has a 1.10% expense ratio, which is higher than GSG's 0.75% expense ratio.
Dividends
SCLS vs. GSG - Dividend Comparison
SCLS's dividend yield for the trailing twelve months is around 0.33%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% |
SCLS Stoneport Advisors Commodity Long Short ETF | 0.33% | 0.39% |
Frequently Asked Questions
SCLS and GSG have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GSG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GSG is cheaper with a 0.75% expense ratio, compared with 1.10% for SCLS.
SCLS has the higher dividend yield at 0.33%, compared with 0.00% for GSG.
SCLS tracks Stoneport Advisors Dynamic Commodity Index - Total Return, while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: Stoneport Advisors and iShares. Their fees differ too: 1.10% for SCLS and 0.75% for GSG.
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