SCRD vs. GSG
SCRD (Janus Henderson Corporate Bond ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - SCRD is a Corporate Bonds fund actively managed by Janus Henderson, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. SCRD is actively managed, while GSG is passively managed. Over the past 3 years, SCRD returned 5.54%/yr vs 19.31%/yr for GSG. At a correlation of -0.08, they often move in opposite directions. SCRD charges 0.35%/yr vs 0.75%/yr for GSG.
Performance
SCRD vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, SCRD achieves a 0.24% return, which is significantly lower than GSG's 42.58% return.
SCRD
- 1D
- -0.21%
- 1M
- 0.42%
- YTD
- 0.24%
- 6M
- 0.13%
- 1Y
- 6.25%
- 3Y*
- 5.54%
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- 0.77%
- 1M
- -4.83%
- YTD
- 42.58%
- 6M
- 41.06%
- 1Y
- 51.52%
- 3Y*
- 19.31%
- 5Y*
- 15.74%
- 10Y*
- 7.69%
SCRD vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SCRD Janus Henderson Corporate Bond ETF | 0.24% | 7.77% | 3.21% | 8.76% | -15.99% | -1.25% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 42.58% | 5.93% | 8.52% | -5.51% | 24.08% | 8.09% |
Correlation
The correlation between SCRD and GSG is -0.38, 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 | -0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2021 | -0.08 |
Over the past year, the inverse relationship between SCRD and GSG has strengthened: their correlation has moved from -0.08 to -0.38, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
SCRD vs. GSG — Risk / Return Rank
SCRD
GSG
SCRD vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Corporate Bond ETF (SCRD) 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.
| SCRD | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.40 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 5.47 | -3.29 |
| Martin ratioReturn relative to average drawdown | 7.63 | 14.39 | -6.76 |
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
| SCRD | GSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 2.26 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | -0.09 | +0.11 |
Drawdowns
SCRD vs. GSG - Drawdown Comparison
The maximum SCRD drawdown since its inception was -21.17%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for SCRD and GSG.
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Drawdown Indicators
| SCRD | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.17% | -89.62% | +68.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -9.46% | +6.59% |
Max Drawdown (3Y)Largest decline over 3 years | -6.84% | -14.94% | +8.10% |
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 | -0.97% | -56.95% | +55.98% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -63.71% | +54.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 3.59% | -2.77% |
Volatility
SCRD vs. GSG - Volatility Comparison
The current volatility for Janus Henderson Corporate Bond ETF (SCRD) is 1.25%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.65%. This indicates that SCRD 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
| SCRD | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 7.65% | -6.40% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 20.42% | -17.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 22.95% | -19.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 22.61% | -16.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.32% | 22.03% | -15.71% |
SCRD vs. GSG - Expense Ratio Comparison
SCRD has a 0.35% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
SCRD vs. GSG - Dividend Comparison
SCRD's dividend yield for the trailing twelve months is around 5.44%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCRD Janus Henderson Corporate Bond ETF | 5.44% | 5.28% | 5.36% | 3.99% | 2.77% | 0.83% |
Frequently Asked Questions
SCRD and GSG have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (7.65%) compared to SCRD (1.25%). In terms of maximum drawdown, SCRD dropped -21.17% vs GSG's -89.62%.
On 3-year performance, GSG leads with 19.31% vs 5.54% for SCRD. On fees, SCRD is cheaper at 0.35% per year. On volatility, SCRD has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GSG has performed better with a 19.31% return vs 5.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCRD is cheaper with a 0.35% expense ratio, compared with 0.75% for GSG.
SCRD has the higher dividend yield at 5.44%, compared with 0.00% for GSG.
SCRD is categorized as Corporate Bonds, while GSG is Commodities. They also come from different issuers: Janus Henderson and iShares. Their fees differ too: 0.35% for SCRD and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (2.26 vs 1.62), 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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