SOVF vs. GSG
SOVF (Sovereign's Capital Flourish Fund) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - SOVF is a Mid Cap Blend Equities fund actively managed by Sovereign's, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. SOVF is actively managed, while GSG is passively managed. Over the past year, SOVF returned 2.81% vs 34.57% for GSG. At a 0.03 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
SOVF vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, SOVF achieves a 5.07% return, which is significantly lower than GSG's 32.35% return.
SOVF
- 1D
- 0.74%
- 1M
- 7.02%
- 6M
- 1.05%
- YTD
- 5.07%
- 1Y
- 2.81%
- 3Y*
- —
- 5Y*
- —
- 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%
SOVF vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SOVF Sovereign's Capital Flourish Fund | 5.07% | -4.38% | 8.67% | 14.18% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 32.35% | 5.93% | 8.52% | -9.84% |
Correlation
The correlation between SOVF and GSG is -0.08, 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 | -0.08 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2023 | 0.03 |
The correlation between SOVF and GSG shifts across timeframes, from -0.08 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SOVF vs. GSG — Risk / Return Rank
SOVF
GSG
SOVF vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sovereign's Capital Flourish Fund (SOVF) 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.
| SOVF | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.27 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | 1.85 | -1.65 |
| Martin ratioReturn relative to average drawdown | 0.40 | 6.29 | -5.89 |
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Drawdowns
SOVF vs. GSG - Drawdown Comparison
The maximum SOVF drawdown since its inception was -21.74%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for SOVF and GSG.
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Drawdown Indicators
| SOVF | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.74% | -89.62% | +67.88% |
Max Drawdown (1Y)Largest decline over 1 year | -14.46% | -18.81% | +4.35% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.81% | — |
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 | -7.56% | -60.04% | +52.48% |
Average DrawdownAverage peak-to-trough decline | -7.46% | -63.69% | +56.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.07% | 5.51% | +1.56% |
Volatility
SOVF vs. GSG - Volatility Comparison
The current volatility for Sovereign's Capital Flourish Fund (SOVF) is 3.91%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.35%. This indicates that SOVF 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
| SOVF | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 7.35% | -3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 10.26% | 21.50% | -11.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.68% | 23.48% | -8.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.16% | 22.80% | -5.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.16% | 22.00% | -4.84% |
SOVF vs. GSG - Expense Ratio Comparison
Both SOVF and GSG have an expense ratio of 0.75%.
Dividends
SOVF vs. GSG - Dividend Comparison
SOVF's dividend yield for the trailing twelve months is around 0.74%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% |
SOVF Sovereign's Capital Flourish Fund | 0.74% | 0.77% | 0.30% | 0.18% |
Frequently Asked Questions
SOVF and GSG have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (7.35%) compared to SOVF (3.91%). In terms of maximum drawdown, SOVF dropped -21.74% vs GSG's -89.62%.
On 1-year performance, GSG leads with 34.57% vs 2.81% for SOVF. Both ETFs have the same 0.75% expense ratio. On volatility, SOVF has been the lower-risk option at 3.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GSG has performed better with a 34.57% return vs 2.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOVF and GSG have the same expense ratio: 0.75% per year.
SOVF has the higher dividend yield at 0.74%, compared with 0.00% for GSG.
SOVF is categorized as Mid Cap Blend Equities, while GSG is Commodities. They also come from different issuers: Sovereign's and iShares.
GSG currently has the higher Sharpe Ratio (1.48 vs 0.19), 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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