SMCI vs. GSG
SMCI (Super Micro Computer, Inc.) is a stock, while GSG (iShares S&P GSCI Commodity-Indexed Trust) is Commodities fund tracking the S&P GSCI Total Return Index. Over the past 10 years, SMCI returned 33.40%/yr vs 7.69%/yr for GSG. At a 0.17 correlation, their price movements are largely independent.
Performance
SMCI vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, SMCI achieves a 62.01% return, which is significantly higher than GSG's 42.58% return. Over the past 10 years, SMCI has outperformed GSG with an annualized return of 33.40%, while GSG has yielded a comparatively lower 7.69% annualized return.
SMCI
- 1D
- -5.48%
- 1M
- 69.84%
- YTD
- 62.01%
- 6M
- 40.80%
- 1Y
- 9.79%
- 3Y*
- 28.80%
- 5Y*
- 66.83%
- 10Y*
- 33.40%
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%
SMCI vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMCI Super Micro Computer, Inc. | 62.01% | -3.97% | 7.23% | 246.24% | 86.80% | 38.82% | 31.81% | 74.06% | -34.07% | -25.38% |
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% | 3.89% |
Correlation
The correlation between SMCI and GSG is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2007 | 0.17 |
The correlation between SMCI and GSG shifts across timeframes, from -0.13 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SMCI vs. GSG — Risk / Return Rank
SMCI
GSG
SMCI vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Super Micro Computer, Inc. (SMCI) 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.
| SMCI | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.40 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 5.47 | -5.33 |
| Martin ratioReturn relative to average drawdown | 0.25 | 14.39 | -14.14 |
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
| SMCI | GSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 2.26 | -2.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.70 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.35 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | -0.09 | +0.46 |
Drawdowns
SMCI vs. GSG - Drawdown Comparison
The maximum SMCI drawdown since its inception was -84.84%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for SMCI and GSG.
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Drawdown Indicators
| SMCI | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.84% | -89.62% | +4.78% |
Max Drawdown (1Y)Largest decline over 1 year | -66.18% | -9.46% | -56.72% |
Max Drawdown (3Y)Largest decline over 3 years | -84.84% | -14.94% | -69.90% |
Max Drawdown (5Y)Largest decline over 5 years | -84.84% | -29.12% | -55.72% |
Max Drawdown (10Y)Largest decline over 10 years | -84.84% | -57.64% | -27.20% |
Current DrawdownCurrent decline from peak | -60.09% | -56.95% | -3.14% |
Average DrawdownAverage peak-to-trough decline | -31.94% | -63.71% | +31.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.80% | 3.59% | +35.21% |
Volatility
SMCI vs. GSG - Volatility Comparison
Super Micro Computer, Inc. (SMCI) has a higher volatility of 30.41% compared to iShares S&P GSCI Commodity-Indexed Trust (GSG) at 7.65%. This indicates that SMCI's price experiences larger fluctuations and is considered to be riskier 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
| SMCI | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.41% | 7.65% | +22.76% |
Volatility (6M)Calculated over the trailing 6-month period | 66.39% | 20.42% | +45.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.02% | 22.95% | +56.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.25% | 22.61% | +62.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.43% | 22.03% | +48.40% |
Dividends
SMCI vs. GSG - Dividend Comparison
Neither SMCI nor GSG has paid dividends to shareholders.
Frequently Asked Questions
SMCI and GSG have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMCI has higher volatility (30.41%) compared to GSG (7.65%). In terms of maximum drawdown, SMCI dropped -84.84% vs GSG's -89.62%.
GSG currently has the higher Sharpe Ratio (2.26 vs 0.12), 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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