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SHAG vs. GSG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SHAG vs. GSG

Last updated Jun 4, 2026

SHAG (WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - SHAG is a Short-Term Bond fund tracking the Bloomberg U.S. Short Aggregate Enhanced Yield Index, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past 5 years, SHAG returned 1.59%/yr vs 15.74%/yr for GSG. At a correlation of -0.09, they often move in opposite directions. SHAG charges 0.12%/yr vs 0.75%/yr for GSG.

Performance

SHAG vs. GSG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) and iShares S&P GSCI Commodity-Indexed Trust (GSG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SHAG achieves a 0.41% return, which is significantly lower than GSG's 42.58% return.

SHAG

1D
-0.09%
1M
0.03%
YTD
0.41%
6M
0.68%
1Y
3.92%
3Y*
4.70%
5Y*
1.59%
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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SHAG vs. GSG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SHAG
WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF		0.41%6.27%4.30%4.61%-6.37%-0.91%4.70%5.79%0.80%-0.11%
GSG
iShares S&P GSCI Commodity-Indexed Trust		42.58%5.93%8.52%-5.51%24.08%38.77%-23.94%15.62%-13.88%14.57%

Correlation

The correlation between SHAG and GSG is -0.37, 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

-0.37

Correlation (3Y)
Calculated over the trailing 3-year period

-0.16

Correlation (5Y)
Calculated over the trailing 5-year period

-0.10

Correlation (All Time)
Calculated using the full available price history since Aug 25, 2017

-0.09

Over the past year, the inverse relationship between SHAG and GSG has strengthened: their correlation has moved from -0.09 to -0.37, meaning they now move in opposite directions more often than their long-term average.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF

iShares S&P GSCI Commodity-Indexed Trust

Often compared with SHAG:
SHAG vs. CLOISHAG vs. FLTRSHAG vs. BSVSHAG vs. JPLDSHAG vs. VSDBSHAG vs. BBBSSHAG vs. ZTWO
Often compared with GSG:
GSG vs. DBCGSG vs. PDBCGSG vs. COMTGSG vs. VCMDXGSG vs. GLDGSG vs. HGERGSG vs. CGL.TO

Return for Risk

SHAG vs. GSG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SHAG
SHAG Risk / Return Rank: 6565
Overall Rank
SHAG Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
SHAG Sortino Ratio Rank: 7575
Sortino Ratio Rank
SHAG Omega Ratio Rank: 7070
Omega Ratio Rank
SHAG Calmar Ratio Rank: 5858
Calmar Ratio Rank
SHAG Martin Ratio Rank: 5858
Martin Ratio Rank
GSG
GSG Risk / Return Rank: 7171
Overall Rank
GSG Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
GSG Sortino Ratio Rank: 6060
Sortino Ratio Rank
GSG Omega Ratio Rank: 6565
Omega Ratio Rank
GSG Calmar Ratio Rank: 8989
Calmar Ratio Rank
GSG Martin Ratio Rank: 7575
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SHAG vs. GSG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) 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.

SHAGGSGDifference
Sharpe ratioReturn per unit of total volatility
2.14
2.26

-0.12

Sortino ratioReturn per unit of downside risk
3.37
2.88

+0.49

Omega ratioGain probability vs. loss probability

1.41

1.40

+0.01

Calmar ratioReturn relative to maximum drawdown

2.86

5.47

-2.62

Martin ratioReturn relative to average drawdown

10.18

14.39

-4.21

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHAG vs. GSG - Sharpe Ratio Comparison

The current SHAG Sharpe Ratio is 2.14, which is comparable to the GSG Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of SHAG and GSG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SHAGGSGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.14

2.26

-0.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.58

0.70

-0.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.35

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.83

-0.09

+0.92

Drawdowns

SHAG vs. GSG - Drawdown Comparison

The maximum SHAG drawdown since its inception was -9.62%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for SHAG and GSG.

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Drawdown Indicators

SHAGGSGDifference

Max Drawdown

Largest peak-to-trough decline

-9.62%

-89.62%

+80.00%

Max Drawdown (1Y)

Largest decline over 1 year

-1.38%

-9.46%

+8.08%

Max Drawdown (3Y)

Largest decline over 3 years

-1.38%

-14.94%

+13.56%

Max Drawdown (5Y)

Largest decline over 5 years

-9.62%

-29.12%

+19.50%

Max Drawdown (10Y)

Largest decline over 10 years

—

-57.64%

—

Current Drawdown

Current decline from peak

-0.61%

-56.95%

+56.34%

Average Drawdown

Average peak-to-trough decline

-1.87%

-63.71%

+61.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.39%

3.59%

-3.20%

Volatility

SHAG vs. GSG - Volatility Comparison

The current volatility for WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) is 0.60%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.65%. This indicates that SHAG 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

SHAGGSGDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.60%

7.65%

-7.05%

Volatility (6M)

Calculated over the trailing 6-month period

1.31%

20.42%

-19.11%

Volatility (1Y)

Calculated over the trailing 1-year period

1.84%

22.95%

-21.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.75%

22.61%

-19.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.58%

22.03%

-19.45%

SHAG vs. GSG - Expense Ratio Comparison

SHAG has a 0.12% expense ratio, which is lower than GSG's 0.75% expense ratio.

Dividends

SHAG vs. GSG - Dividend Comparison

SHAG's dividend yield for the trailing twelve months is around 4.28%, while GSG has not paid dividends to shareholders.

PositionTTM202520242023202220212020201920182017
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%0.00%
SHAG
WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF		4.28%4.33%4.49%3.04%1.38%0.92%2.33%2.71%2.56%0.77%

Frequently Asked Questions

SHAG and GSG have a correlation of -0.37, 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 SHAG (0.60%). In terms of maximum drawdown, SHAG dropped -9.62% vs GSG's -89.62%.

On 5-year performance, GSG leads with 15.74% vs 1.59% for SHAG. On fees, SHAG is cheaper at 0.12% per year. On volatility, SHAG has been the lower-risk option at 0.60%. 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 15.74% return vs 1.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SHAG is cheaper with a 0.12% expense ratio, compared with 0.75% for GSG.

SHAG has the higher dividend yield at 4.28%, compared with 0.00% for GSG.

SHAG is categorized as Short-Term Bond, while GSG is Commodities. SHAG tracks Bloomberg U.S. Short Aggregate Enhanced Yield Index, while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.12% for SHAG and 0.75% for GSG.

GSG currently has the higher Sharpe Ratio (2.26 vs 2.14), 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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