TSCV vs. GSG
TSCV (Thrivent Small Cap Value ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - TSCV is a Small Cap Value Equities fund actively managed by Thrivent, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. TSCV is actively managed, while GSG is passively managed. Their -0.26 correlation means they have often moved in opposite directions in the past. TSCV charges 0.60%/yr vs 0.75%/yr for GSG.
Performance
TSCV vs. GSG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TSCV achieves a 20.85% return, which is significantly lower than GSG's 38.94% return.
TSCV
- 1D
- 0.17%
- 1M
- -0.18%
- 6M
- 12.42%
- YTD
- 20.85%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
GSG
- 1D
- 0.28%
- 1M
- 12.94%
- 6M
- 25.75%
- YTD
- 38.94%
- 1Y
- 42.34%
- 3Y*
- 14.13%
- 5Y*
- 14.47%
- 10Y*
- 8.91%
- ALL TIME*
- -2.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.60M | $17.31M | $26.52M | |
| $63.49K | $44.24K | $64.04K |
TSCV vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSCV Thrivent Small Cap Value ETF | 20.85% | 6.24% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 38.94% | -0.82% |
Correlation
The correlation between TSCV and GSG is -0.26, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | -0.26 |
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
TSCV vs. GSG — Risk / Return Rank
TSCV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GSG
TSCV vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Small Cap Value ETF (TSCV) 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.
| TSCV | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.16 | — |
| Martin ratioReturn relative to average drawdown | — | 6.99 | — |
Loading charts...
Drawdowns
TSCV vs. GSG - Drawdown Comparison
The maximum TSCV drawdown since its inception was -10.17%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for TSCV and GSG.
Loading charts...
Drawdown Indicators
| TSCV | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.17% | -89.62% | +79.45% |
Max Drawdown (1Y)Largest decline over 1 year | — | -18.81% | — |
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 | -1.75% | -58.05% | +56.30% |
Average DrawdownAverage peak-to-trough decline | -1.87% | -63.67% | +61.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.84% | — |
Volatility
TSCV vs. GSG - Volatility Comparison
Loading charts...
Volatility by Period
| TSCV | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.11% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 22.18% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.11% | 24.23% | -8.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 22.86% | -6.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 22.06% | -5.95% |
TSCV vs. GSG - Expense Ratio Comparison
TSCV has a 0.60% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
TSCV vs. GSG - Dividend Comparison
TSCV's dividend yield for the trailing twelve months is around 0.23%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% |
TSCV Thrivent Small Cap Value ETF | 0.23% | 0.28% |
Frequently Asked Questions
TSCV and GSG have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSCV is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSCV is cheaper with a 0.60% expense ratio, compared with 0.75% for GSG.
TSCV has the higher dividend yield at 0.23%, compared with 0.00% for GSG.
TSCV is categorized as Small Cap Value Equities, while GSG is Commodities. They also come from different issuers: Thrivent and iShares. Their fees differ too: 0.60% for TSCV and 0.75% for GSG.
Find the right allocation for TSCV 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