SWP vs. GSG
SWP (SWP Growth & Income ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - SWP is a Large Cap Blend Equities fund actively managed by SWP Investment Management, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. SWP is actively managed, while GSG is passively managed. Over the past year, SWP returned 24.32% vs 51.52% for GSG. At a correlation of -0.08, they often move in opposite directions. SWP charges 0.99%/yr vs 0.75%/yr for GSG.
Performance
SWP vs. GSG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SWP achieves a 6.98% return, which is significantly lower than GSG's 42.58% return.
SWP
- 1D
- -0.31%
- 1M
- 2.19%
- YTD
- 6.98%
- 6M
- 6.48%
- 1Y
- 24.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
SWP vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SWP SWP Growth & Income ETF | 6.98% | 16.86% | 1.23% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 42.58% | 5.93% | 3.08% |
Correlation
The correlation between SWP and GSG is -0.20, 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 | -0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2024 | -0.08 |
The correlation between SWP and GSG shifts across timeframes, from -0.20 (1 year) to -0.08 (all time), 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.
Return for Risk
SWP vs. GSG — Risk / Return Rank
SWP
GSG
SWP vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SWP Growth & Income ETF (SWP) 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.
| SWP | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.40 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 5.47 | -3.03 |
| Martin ratioReturn relative to average drawdown | 10.91 | 14.39 | -3.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SWP | GSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 2.26 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | -0.09 | +1.13 |
Drawdowns
SWP vs. GSG - Drawdown Comparison
The maximum SWP drawdown since its inception was -16.41%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for SWP and GSG.
Loading charts...
Drawdown Indicators
| SWP | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.41% | -89.62% | +73.21% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -9.46% | -0.51% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.94% | — |
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 | -0.69% | -56.95% | +56.26% |
Average DrawdownAverage peak-to-trough decline | -2.42% | -63.71% | +61.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 3.59% | -1.36% |
Volatility
SWP vs. GSG - Volatility Comparison
The current volatility for SWP Growth & Income ETF (SWP) is 2.56%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.65%. This indicates that SWP 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.
Loading charts...
Volatility by Period
| SWP | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.56% | 7.65% | -5.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.45% | 20.42% | -10.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.91% | 22.95% | -11.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.52% | 22.61% | -8.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.52% | 22.03% | -7.51% |
SWP vs. GSG - Expense Ratio Comparison
SWP has a 0.99% expense ratio, which is higher than GSG's 0.75% expense ratio.
Dividends
SWP vs. GSG - Dividend Comparison
SWP's dividend yield for the trailing twelve months is around 6.83%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% |
SWP SWP Growth & Income ETF | 6.83% | 5.64% | 0.44% |
Frequently Asked Questions
SWP and GSG have a correlation of -0.20, 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 SWP (2.56%). In terms of maximum drawdown, SWP dropped -16.41% vs GSG's -89.62%.
On 1-year performance, GSG leads with 51.52% vs 24.32% for SWP. On fees, GSG is cheaper at 0.75% per year. On volatility, SWP has been the lower-risk option at 2.56%. 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 51.52% return vs 24.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSG is cheaper with a 0.75% expense ratio, compared with 0.99% for SWP.
SWP has the higher dividend yield at 6.83%, compared with 0.00% for GSG.
SWP is categorized as Large Cap Blend Equities, while GSG is Commodities. They also come from different issuers: SWP Investment Management and iShares. Their fees differ too: 0.99% for SWP and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (2.26 vs 2.05), 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.
Find the right allocation for SWP and GSG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer