TFNS vs. GSG
TFNS (T. Rowe Price Financials ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - TFNS is a Financials Equities fund actively managed by T. Rowe Price, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. TFNS is actively managed, while GSG is passively managed. Over the past year, TFNS returned 11.45% vs 27.68% for GSG. At a correlation of -0.20, they often move in opposite directions. TFNS charges 0.44%/yr vs 0.75%/yr for GSG.
Performance
TFNS vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, TFNS achieves a 0.45% return, which is significantly lower than GSG's 22.42% return.
TFNS
- 1D
- 0.34%
- 1M
- 4.00%
- YTD
- 0.45%
- 6M
- -0.86%
- 1Y
- 11.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- -2.49%
- 1M
- -15.10%
- YTD
- 22.42%
- 6M
- 21.05%
- 1Y
- 27.68%
- 3Y*
- 13.07%
- 5Y*
- 12.18%
- 10Y*
- 6.32%
TFNS vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TFNS T. Rowe Price Financials ETF | 0.45% | 11.06% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 22.42% | 3.08% |
Correlation
The correlation between TFNS 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 (All Time) Calculated using the full available price history since Jun 12, 2025 | -0.20 |
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Return for Risk
TFNS vs. GSG — Risk / Return Rank
TFNS
GSG
TFNS vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Financials ETF (TFNS) 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.
| TFNS | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.23 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 1.48 | -0.66 |
| Martin ratioReturn relative to average drawdown | 2.21 | 6.67 | -4.46 |
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Drawdowns
TFNS vs. GSG - Drawdown Comparison
The maximum TFNS drawdown since its inception was -14.00%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for TFNS and GSG.
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Drawdown Indicators
| TFNS | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.00% | -89.62% | +75.62% |
Max Drawdown (1Y)Largest decline over 1 year | -14.00% | -18.81% | +4.81% |
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 | -2.36% | -63.04% | +60.68% |
Average DrawdownAverage peak-to-trough decline | -3.82% | -63.69% | +59.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.19% | 4.16% | +1.03% |
Volatility
TFNS vs. GSG - Volatility Comparison
The current volatility for T. Rowe Price Financials ETF (TFNS) is 4.03%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 5.75%. This indicates that TFNS 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
| TFNS | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 5.75% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 11.45% | 20.98% | -9.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.00% | 22.98% | -7.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.06% | 22.70% | -7.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.06% | 22.02% | -6.96% |
TFNS vs. GSG - Expense Ratio Comparison
TFNS has a 0.44% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
TFNS vs. GSG - Dividend Comparison
TFNS's dividend yield for the trailing twelve months is around 0.49%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% |
TFNS T. Rowe Price Financials ETF | 0.49% | 0.49% |
Frequently Asked Questions
TFNS 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.
GSG has higher volatility (5.75%) compared to TFNS (4.03%). In terms of maximum drawdown, TFNS dropped -14.00% vs GSG's -89.62%.
On 1-year performance, GSG leads with 27.68% vs 11.45% for TFNS. On fees, TFNS is cheaper at 0.44% per year. On volatility, TFNS has been the lower-risk option at 4.03%. 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 27.68% return vs 11.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TFNS is cheaper with a 0.44% expense ratio, compared with 0.75% for GSG.
TFNS has the higher dividend yield at 0.49%, compared with 0.00% for GSG.
TFNS is categorized as Financials Equities, while GSG is Commodities. They also come from different issuers: T. Rowe Price and iShares. Their fees differ too: 0.44% for TFNS and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (1.22 vs 0.77), 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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