TLCI vs. GSG
TLCI (Touchstone International Equity ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - TLCI is a Foreign Large Cap Equities fund actively managed by Touchstone, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. TLCI is actively managed, while GSG is passively managed. Over the past year, TLCI returned -0.25% vs 51.52% for GSG. At a correlation of -0.16, they often move in opposite directions. TLCI charges 0.37%/yr vs 0.75%/yr for GSG.
Performance
TLCI vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, TLCI achieves a -0.42% return, which is significantly lower than GSG's 42.58% return.
TLCI
- 1D
- -0.51%
- 1M
- 3.50%
- YTD
- -0.42%
- 6M
- -0.07%
- 1Y
- -0.25%
- 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%
TLCI vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TLCI Touchstone International Equity ETF | -0.42% | 3.99% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 42.58% | 5.20% |
Correlation
The correlation between TLCI and GSG is -0.30, 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 | -0.30 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025 | -0.16 |
The correlation between TLCI and GSG shifts across timeframes, from -0.30 (1 year) to -0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TLCI vs. GSG — Risk / Return Rank
TLCI
GSG
TLCI vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone International Equity ETF (TLCI) 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.
| TLCI | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -2.81 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.40 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 5.47 | -5.50 |
| Martin ratioReturn relative to average drawdown | -0.06 | 14.39 | -14.46 |
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
| TLCI | GSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 2.26 | -2.28 |
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 | 0.18 | -0.09 | +0.27 |
Drawdowns
TLCI vs. GSG - Drawdown Comparison
The maximum TLCI drawdown since its inception was -12.15%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for TLCI and GSG.
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Drawdown Indicators
| TLCI | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.15% | -89.62% | +77.47% |
Max Drawdown (1Y)Largest decline over 1 year | -11.83% | -9.46% | -2.37% |
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 | -4.37% | -56.95% | +52.58% |
Average DrawdownAverage peak-to-trough decline | -2.84% | -63.71% | +60.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 3.59% | +0.23% |
Volatility
TLCI vs. GSG - Volatility Comparison
The current volatility for Touchstone International Equity ETF (TLCI) is 4.07%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.65%. This indicates that TLCI 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
| TLCI | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 7.65% | -3.58% |
Volatility (6M)Calculated over the trailing 6-month period | 10.97% | 20.42% | -9.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.22% | 22.95% | -9.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.75% | 22.61% | -6.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.75% | 22.03% | -6.28% |
TLCI vs. GSG - Expense Ratio Comparison
TLCI has a 0.37% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
TLCI vs. GSG - Dividend Comparison
TLCI's dividend yield for the trailing twelve months is around 0.60%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% |
TLCI Touchstone International Equity ETF | 0.60% | 0.60% |
Frequently Asked Questions
TLCI and GSG have a correlation of -0.30, 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 TLCI (4.07%). In terms of maximum drawdown, TLCI dropped -12.15% vs GSG's -89.62%.
On 1-year performance, GSG leads with 51.52% vs -0.25% for TLCI. On fees, TLCI is cheaper at 0.37% per year. On volatility, TLCI has been the lower-risk option at 4.07%. 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 -0.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLCI is cheaper with a 0.37% expense ratio, compared with 0.75% for GSG.
TLCI has the higher dividend yield at 0.60%, compared with 0.00% for GSG.
TLCI is categorized as Foreign Large Cap Equities, while GSG is Commodities. They also come from different issuers: Touchstone and iShares. Their fees differ too: 0.37% for TLCI and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (2.26 vs -0.02), 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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