TRND vs. GSG
TRND (Pacer Trendpilot Fund of Funds ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - TRND is a Large Cap Blend Equities fund tracking the Pacer Trendpilot Fund of Funds Index, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past 5 years, TRND returned 5.64%/yr vs 13.83%/yr for GSG. At a 0.20 correlation, their price movements are largely independent. TRND charges 0.77%/yr vs 0.75%/yr for GSG.
Performance
TRND vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, TRND achieves a 8.53% return, which is significantly lower than GSG's 32.35% return.
TRND
- 1D
- -1.10%
- 1M
- -0.72%
- 6M
- 5.80%
- YTD
- 8.53%
- 1Y
- 17.02%
- 3Y*
- 9.94%
- 5Y*
- 5.64%
- 10Y*
- —
GSG
- 1D
- 3.60%
- 1M
- -0.20%
- 6M
- 28.24%
- YTD
- 32.35%
- 1Y
- 34.57%
- 3Y*
- 14.41%
- 5Y*
- 13.83%
- 10Y*
- 7.40%
TRND vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRND Pacer Trendpilot Fund of Funds ETF | 8.53% | 6.03% | 11.97% | 16.48% | -15.37% | 12.95% | 4.73% | 8.58% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 32.35% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | -23.94% | 0.25% |
Correlation
The correlation between TRND 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 | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since May 6, 2019 | 0.20 |
The correlation between TRND and GSG shifts across timeframes, from -0.17 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TRND vs. GSG — Risk / Return Rank
TRND
GSG
TRND vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot Fund of Funds ETF (TRND) 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.
| TRND | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.27 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 1.85 | +0.29 |
| Martin ratioReturn relative to average drawdown | 8.65 | 6.29 | +2.35 |
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Drawdowns
TRND vs. GSG - Drawdown Comparison
The maximum TRND drawdown since its inception was -17.88%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for TRND and GSG.
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Drawdown Indicators
| TRND | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.88% | -89.62% | +71.74% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -18.81% | +10.81% |
Max Drawdown (3Y)Largest decline over 3 years | -9.56% | -18.81% | +9.25% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -29.12% | +12.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -1.95% | -60.04% | +58.09% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -63.69% | +58.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 5.51% | -3.54% |
Volatility
TRND vs. GSG - Volatility Comparison
The current volatility for Pacer Trendpilot Fund of Funds ETF (TRND) is 4.47%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.35%. This indicates that TRND 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
| TRND | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 7.35% | -2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 10.10% | 21.50% | -11.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.27% | 23.48% | -11.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.96% | 22.80% | -12.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.28% | 22.00% | -10.72% |
TRND vs. GSG - Expense Ratio Comparison
TRND has a 0.77% expense ratio, which is higher than GSG's 0.75% expense ratio.
Dividends
TRND vs. GSG - Dividend Comparison
TRND's dividend yield for the trailing twelve months is around 2.14%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRND Pacer Trendpilot Fund of Funds ETF | 2.14% | 2.32% | 2.31% | 2.51% | 1.76% | 0.93% | 0.60% | 0.93% |
Frequently Asked Questions
TRND 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 (7.35%) compared to TRND (4.47%). In terms of maximum drawdown, TRND dropped -17.88% vs GSG's -89.62%.
On 5-year performance, GSG leads with 13.83% vs 5.64% for TRND. On fees, GSG is cheaper at 0.75% per year. On volatility, TRND has been the lower-risk option at 4.47%. 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 13.83% return vs 5.64%. 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 0.77% for TRND.
TRND has the higher dividend yield at 2.14%, compared with 0.00% for GSG.
TRND is categorized as Large Cap Blend Equities, while GSG is Commodities. TRND tracks Pacer Trendpilot Fund of Funds Index, while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: Pacer and iShares. Their fees differ too: 0.77% for TRND and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (1.48 vs 1.40), 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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