SIMS vs. GSG
SIMS (SPDR S&P Kensho Intelligent Structures ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - SIMS is a Global Equities fund tracking the S&P Kensho Intelligent Infrastructure Index, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past 5 years, SIMS returned 0.79%/yr vs 13.83%/yr for GSG. At a 0.25 correlation, their price movements are largely independent. SIMS charges 0.45%/yr vs 0.75%/yr for GSG.
Performance
SIMS vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, SIMS achieves a 7.39% return, which is significantly lower than GSG's 32.35% return.
SIMS
- 1D
- -1.12%
- 1M
- -2.46%
- 6M
- 1.53%
- YTD
- 7.39%
- 1Y
- 23.32%
- 3Y*
- 7.94%
- 5Y*
- 0.79%
- 10Y*
- —
GSG
- 1D
- 3.60%
- 1M
- -0.20%
- 6M
- 28.24%
- YTD
- 32.35%
- 1Y
- 34.57%
- 3Y*
- 14.41%
- 5Y*
- 13.83%
- 10Y*
- 7.40%
SIMS vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIMS SPDR S&P Kensho Intelligent Structures ETF | 7.39% | 23.75% | -0.27% | 7.43% | -27.13% | 9.00% | 29.88% | 35.30% | -18.07% | 0.03% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 32.35% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | -23.94% | 15.62% | -13.88% | 0.93% |
Correlation
The correlation between SIMS and GSG is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2017 | 0.25 |
The correlation between SIMS and GSG shifts across timeframes, from -0.07 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SIMS vs. GSG — Risk / Return Rank
SIMS
GSG
SIMS vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Intelligent Structures ETF (SIMS) 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.
| SIMS | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.27 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.85 | -0.36 |
| Martin ratioReturn relative to average drawdown | 3.80 | 6.29 | -2.50 |
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Drawdowns
SIMS vs. GSG - Drawdown Comparison
The maximum SIMS drawdown since its inception was -43.97%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for SIMS and GSG.
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Drawdown Indicators
| SIMS | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.97% | -89.62% | +45.65% |
Max Drawdown (1Y)Largest decline over 1 year | -15.79% | -18.81% | +3.02% |
Max Drawdown (3Y)Largest decline over 3 years | -28.78% | -18.81% | -9.97% |
Max Drawdown (5Y)Largest decline over 5 years | -43.97% | -29.12% | -14.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -5.71% | -60.04% | +54.33% |
Average DrawdownAverage peak-to-trough decline | -15.93% | -63.69% | +47.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.16% | 5.51% | +0.65% |
Volatility
SIMS vs. GSG - Volatility Comparison
SPDR S&P Kensho Intelligent Structures ETF (SIMS) and iShares S&P GSCI Commodity-Indexed Trust (GSG) have volatilities of 7.51% and 7.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIMS | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.51% | 7.35% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 15.23% | 21.50% | -6.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.34% | 23.48% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.32% | 22.80% | +2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.03% | 22.00% | +4.03% |
SIMS vs. GSG - Expense Ratio Comparison
SIMS has a 0.45% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
SIMS vs. GSG - Dividend Comparison
SIMS's dividend yield for the trailing twelve months is around 0.56%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
SIMS SPDR S&P Kensho Intelligent Structures ETF | 0.56% | 0.66% | 0.88% | 1.49% | 1.48% | 0.97% | 0.58% | 1.24% | 0.85% |
Frequently Asked Questions
SIMS and GSG have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIMS has higher volatility (7.51%) compared to GSG (7.35%). In terms of maximum drawdown, SIMS dropped -43.97% vs GSG's -89.62%.
On 5-year performance, GSG leads with 13.83% vs 0.79% for SIMS. On fees, SIMS is cheaper at 0.45% per year. On volatility, GSG has been the lower-risk option at 7.35%. 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 13.83% return vs 0.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIMS is cheaper with a 0.45% expense ratio, compared with 0.75% for GSG.
SIMS has the higher dividend yield at 0.56%, compared with 0.00% for GSG.
SIMS is categorized as Global Equities, while GSG is Commodities. SIMS tracks S&P Kensho Intelligent Infrastructure Index, while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.45% for SIMS and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (1.48 vs 0.96), 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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