SXQG vs. GSG
SXQG (ETC 6 Meridian Quality Growth ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - SXQG is a Large Cap Growth Equities fund actively managed by Meridian, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. SXQG is actively managed, while GSG is passively managed. Over the past 5 years, SXQG returned 5.59%/yr vs 15.74%/yr for GSG. At a 0.09 correlation, their price movements are largely independent. SXQG charges 1.00%/yr vs 0.75%/yr for GSG.
Performance
SXQG vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, SXQG achieves a -2.67% return, which is significantly lower than GSG's 42.58% return.
SXQG
- 1D
- -0.87%
- 1M
- 1.05%
- YTD
- -2.67%
- 6M
- -2.94%
- 1Y
- -0.51%
- 3Y*
- 11.07%
- 5Y*
- 5.59%
- 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%
SXQG vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SXQG ETC 6 Meridian Quality Growth ETF | -2.67% | 4.43% | 18.77% | 28.32% | -23.93% | 12.62% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 42.58% | 5.93% | 8.52% | -5.51% | 24.08% | 9.47% |
Correlation
The correlation between SXQG and GSG is -0.19, 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 | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since May 12, 2021 | 0.09 |
The correlation between SXQG and GSG shifts across timeframes, from -0.19 (1 year) to 0.09 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SXQG vs. GSG — Risk / Return Rank
SXQG
GSG
SXQG vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETC 6 Meridian Quality Growth ETF (SXQG) 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.
| SXQG | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -2.86 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.40 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 5.47 | -5.51 |
| Martin ratioReturn relative to average drawdown | -0.11 | 14.39 | -14.50 |
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
| SXQG | GSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.04 | 2.26 | -2.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.70 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | -0.09 | +0.41 |
Drawdowns
SXQG vs. GSG - Drawdown Comparison
The maximum SXQG drawdown since its inception was -33.97%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for SXQG and GSG.
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Drawdown Indicators
| SXQG | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.97% | -89.62% | +55.65% |
Max Drawdown (1Y)Largest decline over 1 year | -14.03% | -9.46% | -4.57% |
Max Drawdown (3Y)Largest decline over 3 years | -19.53% | -14.94% | -4.59% |
Max Drawdown (5Y)Largest decline over 5 years | -33.97% | -29.12% | -4.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -5.52% | -56.95% | +51.43% |
Average DrawdownAverage peak-to-trough decline | -10.12% | -63.71% | +53.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.91% | 3.59% | +1.32% |
Volatility
SXQG vs. GSG - Volatility Comparison
The current volatility for ETC 6 Meridian Quality Growth ETF (SXQG) is 3.09%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.65%. This indicates that SXQG 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
| SXQG | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 7.65% | -4.56% |
Volatility (6M)Calculated over the trailing 6-month period | 9.03% | 20.42% | -11.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.68% | 22.95% | -11.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.99% | 22.61% | -4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 22.03% | -4.06% |
SXQG vs. GSG - Expense Ratio Comparison
SXQG has a 1.00% expense ratio, which is higher than GSG's 0.75% expense ratio.
Dividends
SXQG vs. GSG - Dividend Comparison
SXQG's dividend yield for the trailing twelve months is around 0.07%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SXQG ETC 6 Meridian Quality Growth ETF | 0.07% | 0.15% | 0.00% | 0.02% | 0.09% | 0.00% |
Frequently Asked Questions
SXQG and GSG have a correlation of -0.19, 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 SXQG (3.09%). In terms of maximum drawdown, SXQG dropped -33.97% vs GSG's -89.62%.
On 5-year performance, GSG leads with 15.74% vs 5.59% for SXQG. On fees, GSG is cheaper at 0.75% per year. On volatility, SXQG has been the lower-risk option at 3.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GSG has performed better with a 15.74% return vs 5.59%. 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 1.00% for SXQG.
SXQG has the higher dividend yield at 0.07%, compared with 0.00% for GSG.
SXQG is categorized as Large Cap Growth Equities, while GSG is Commodities. They also come from different issuers: Meridian and iShares. Their fees differ too: 1.00% for SXQG and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (2.26 vs -0.04), 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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