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STOT vs. GSG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

STOT vs. GSG

Last updated Jun 4, 2026

STOT (State Street DoubleLine Short Duration Total Return Tactical ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - STOT is a Short-Term Bond fund tracking the Bloomberg U.S. Aggregate 1-3 Year Index, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past 10 years, STOT returned 2.43%/yr vs 7.69%/yr for GSG. At a correlation of -0.07, they often move in opposite directions. STOT charges 0.45%/yr vs 0.75%/yr for GSG.

Performance

STOT vs. GSG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street DoubleLine Short Duration Total Return Tactical ETF (STOT) 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, STOT achieves a 0.97% return, which is significantly lower than GSG's 42.58% return. Over the past 10 years, STOT has underperformed GSG with an annualized return of 2.43%, while GSG has yielded a comparatively higher 7.69% annualized return.

STOT

1D
-0.04%
1M
0.18%
YTD
0.97%
6M
1.26%
1Y
4.20%
3Y*
5.32%
5Y*
2.81%
10Y*
2.43%

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)

STOT vs. GSG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
STOT
State Street DoubleLine Short Duration Total Return Tactical ETF		0.97%5.56%5.26%6.39%-3.75%0.27%2.43%4.40%0.95%1.71%
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 STOT and GSG is -0.23, 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

-0.23

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

-0.13

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

-0.08

Correlation (10Y)
Calculated over the trailing 10-year period

-0.07

Correlation (All Time)
Calculated using the full available price history since Apr 15, 2016

-0.07

The correlation between STOT and GSG shifts across timeframes, from -0.23 (1 year) to -0.07 (10 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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

State Street DoubleLine Short Duration Total Return Tactical ETF

iShares S&P GSCI Commodity-Indexed Trust

Often compared with STOT:
STOT vs. PULSSTOT vs. PBDCSTOT vs. SGOVSTOT vs. BILSTOT vs. HYDBSTOT vs. PIMIXSTOT vs. JPLD
Often compared with GSG:
GSG vs. DBCGSG vs. PDBCGSG vs. COMTGSG vs. VCMDXGSG vs. GLDGSG vs. HGERGSG vs. CGL.TO

Return for Risk

STOT vs. GSG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
STOT
STOT Risk / Return Rank: 9494
Overall Rank
STOT Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
STOT Sortino Ratio Rank: 9797
Sortino Ratio Rank
STOT Omega Ratio Rank: 9696
Omega Ratio Rank
STOT Calmar Ratio Rank: 9090
Calmar Ratio Rank
STOT Martin Ratio Rank: 9393
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.

STOT vs. GSG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street DoubleLine Short Duration Total Return Tactical ETF (STOT) 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.

STOTGSGDifference
Sharpe ratioReturn per unit of total volatility
3.81
2.26

+1.55

Sortino ratioReturn per unit of downside risk
5.93
2.88

+3.06

Omega ratioGain probability vs. loss probability

1.79

1.40

+0.38

Calmar ratioReturn relative to maximum drawdown

5.52

5.47

+0.04

Martin ratioReturn relative to average drawdown

24.02

14.39

+9.63

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

STOT vs. GSG - Sharpe Ratio Comparison

The current STOT Sharpe Ratio is 3.81, which is higher than the GSG Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of STOT 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

STOTGSGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.81

2.26

+1.55

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.63

0.70

+0.93

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.11

0.35

+0.76

Sharpe Ratio (All Time)

Calculated using the full available price history

1.11

-0.09

+1.20

Drawdowns

STOT vs. GSG - Drawdown Comparison

The maximum STOT drawdown since its inception was -6.07%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for STOT and GSG.

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Drawdown Indicators

STOTGSGDifference

Max Drawdown

Largest peak-to-trough decline

-6.07%

-89.62%

+83.55%

Max Drawdown (1Y)

Largest decline over 1 year

-0.76%

-9.46%

+8.70%

Max Drawdown (3Y)

Largest decline over 3 years

-0.76%

-14.94%

+14.18%

Max Drawdown (5Y)

Largest decline over 5 years

-6.07%

-29.12%

+23.05%

Max Drawdown (10Y)

Largest decline over 10 years

-6.07%

-57.64%

+51.57%

Current Drawdown

Current decline from peak

-0.07%

-56.95%

+56.88%

Average Drawdown

Average peak-to-trough decline

-0.84%

-63.71%

+62.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.18%

3.59%

-3.41%

Volatility

STOT vs. GSG - Volatility Comparison

The current volatility for State Street DoubleLine Short Duration Total Return Tactical ETF (STOT) is 0.33%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.65%. This indicates that STOT 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

STOTGSGDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.33%

7.65%

-7.32%

Volatility (6M)

Calculated over the trailing 6-month period

0.84%

20.42%

-19.58%

Volatility (1Y)

Calculated over the trailing 1-year period

1.11%

22.95%

-21.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.73%

22.61%

-20.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.20%

22.03%

-19.83%

STOT vs. GSG - Expense Ratio Comparison

STOT has a 0.45% expense ratio, which is lower than GSG's 0.75% expense ratio.

Dividends

STOT vs. GSG - Dividend Comparison

STOT's dividend yield for the trailing twelve months is around 4.41%, while GSG has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019201820172016
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%0.00%
STOT
State Street DoubleLine Short Duration Total Return Tactical ETF		4.41%4.52%5.10%4.53%2.54%1.76%1.66%2.61%2.50%1.95%2.08%

Frequently Asked Questions

STOT and GSG have a correlation of -0.23, 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 STOT (0.33%). In terms of maximum drawdown, STOT dropped -6.07% vs GSG's -89.62%.

On 10-year performance, GSG leads with 7.69% vs 2.43% for STOT. On fees, STOT is cheaper at 0.45% per year. On volatility, STOT has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, GSG has performed better with a 7.69% return vs 2.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

STOT is cheaper with a 0.45% expense ratio, compared with 0.75% for GSG.

STOT has the higher dividend yield at 4.41%, compared with 0.00% for GSG.

STOT is categorized as Short-Term Bond, while GSG is Commodities. STOT tracks Bloomberg U.S. Aggregate 1-3 Year 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 STOT and 0.75% for GSG.

STOT currently has the higher Sharpe Ratio (3.81 vs 2.26), 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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