SUZ vs. GSG
SUZ (Suzano S.A.) 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, SUZ returned 9.63%/yr vs 7.69%/yr for GSG. At a 0.12 correlation, their price movements are largely independent.
Performance
SUZ vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, SUZ achieves a -13.91% return, which is significantly lower than GSG's 42.58% return. Over the past 10 years, SUZ has outperformed GSG with an annualized return of 9.63%, while GSG has yielded a comparatively lower 7.69% annualized return.
SUZ
- 1D
- -0.25%
- 1M
- -5.96%
- YTD
- -13.91%
- 6M
- -10.87%
- 1Y
- -7.98%
- 3Y*
- -2.33%
- 5Y*
- -4.58%
- 10Y*
- 9.63%
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%
SUZ vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SUZ Suzano S.A. | -13.91% | -5.68% | -7.94% | 25.85% | -9.16% | -3.40% | 13.62% | 0.50% | 65.71% | 48.72% |
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 SUZ and GSG is -0.17, 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 | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2007 | 0.12 |
The correlation between SUZ and GSG shifts across timeframes, from -0.17 (1 year) to 0.16 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SUZ vs. GSG — Risk / Return Rank
SUZ
GSG
SUZ vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Suzano S.A. (SUZ) 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.
| SUZ | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.53 | ||
| Sortino ratioReturn per unit of downside risk | -3.12 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.40 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 5.47 | -5.74 |
| Martin ratioReturn relative to average drawdown | -0.67 | 14.39 | -15.07 |
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
| SUZ | GSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.28 | 2.26 | -2.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | 0.70 | -0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.35 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | -0.09 | +0.09 |
Drawdowns
SUZ vs. GSG - Drawdown Comparison
The maximum SUZ drawdown since its inception was -85.59%, roughly equal to the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for SUZ and GSG.
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Drawdown Indicators
| SUZ | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.59% | -89.62% | +4.03% |
Max Drawdown (1Y)Largest decline over 1 year | -29.84% | -9.46% | -20.38% |
Max Drawdown (3Y)Largest decline over 3 years | -34.07% | -14.94% | -19.13% |
Max Drawdown (5Y)Largest decline over 5 years | -38.20% | -29.12% | -9.08% |
Max Drawdown (10Y)Largest decline over 10 years | -65.05% | -57.64% | -7.41% |
Current DrawdownCurrent decline from peak | -46.76% | -56.95% | +10.19% |
Average DrawdownAverage peak-to-trough decline | -50.83% | -63.71% | +12.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.86% | 3.59% | +8.27% |
Volatility
SUZ vs. GSG - Volatility Comparison
Suzano S.A. (SUZ) and iShares S&P GSCI Commodity-Indexed Trust (GSG) have volatilities of 7.72% and 7.65%, 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
| SUZ | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.72% | 7.65% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 23.69% | 20.42% | +3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.15% | 22.95% | +6.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.45% | 22.61% | +8.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.27% | 22.03% | +20.24% |
Dividends
SUZ vs. GSG - Dividend Comparison
SUZ's dividend yield for the trailing twelve months is around 2.54%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
SUZ Suzano S.A. | 2.54% | 2.18% | 3.33% | 2.10% | 6.49% | 0.00% | 0.00% | 1.17% | 0.50% | 4.30% | 1.64% | 1.44% |
Frequently Asked Questions
SUZ and GSG have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SUZ has higher volatility (7.72%) compared to GSG (7.65%). In terms of maximum drawdown, SUZ dropped -85.59% vs GSG's -89.62%.
GSG currently has the higher Sharpe Ratio (2.26 vs -0.28), 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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