VTRS vs. GSG
VTRS (Viatris Inc.) is a stock, while GSG (iShares S&P GSCI Commodity-Indexed Trust) is Commodities fund tracking the S&P GSCI Total Return Index. Over the past 5 years, VTRS returned 7.72%/yr vs 14.34%/yr for GSG. At a 0.09 correlation, their price movements are largely independent.
Performance
VTRS vs. GSG - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with VTRS having a 33.09% return and GSG slightly higher at 34.43%.
VTRS
- 1D
- -0.49%
- 1M
- -1.03%
- 6M
- 23.94%
- YTD
- 33.09%
- 1Y
- 85.48%
- 3Y*
- 22.25%
- 5Y*
- 7.72%
- 10Y*
- —
GSG
- 1D
- 1.57%
- 1M
- 1.37%
- 6M
- 28.74%
- YTD
- 34.43%
- 1Y
- 38.08%
- 3Y*
- 15.01%
- 5Y*
- 14.34%
- 10Y*
- 7.57%
VTRS vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VTRS Viatris Inc. | 33.09% | 5.08% | 19.68% | 2.06% | -14.29% | -26.12% | 19.82% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 34.43% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | 11.99% |
Correlation
The correlation between VTRS and GSG is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2020 | 0.09 |
The correlation between VTRS and GSG shifts across timeframes, from -0.11 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VTRS vs. GSG — Risk / Return Rank
VTRS
GSG
VTRS vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Viatris Inc. (VTRS) 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.
| VTRS | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.29 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | 2.03 | +2.50 |
| Martin ratioReturn relative to average drawdown | 12.47 | 6.88 | +5.59 |
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Drawdowns
VTRS vs. GSG - Drawdown Comparison
The maximum VTRS drawdown since its inception was -54.33%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for VTRS and GSG.
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Drawdown Indicators
| VTRS | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.33% | -89.62% | +35.29% |
Max Drawdown (1Y)Largest decline over 1 year | -18.97% | -18.81% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -45.02% | -18.81% | -26.21% |
Max Drawdown (5Y)Largest decline over 5 years | -45.69% | -29.12% | -16.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -5.52% | -59.41% | +53.89% |
Average DrawdownAverage peak-to-trough decline | -30.39% | -63.69% | +33.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.88% | 5.55% | +1.33% |
Volatility
VTRS vs. GSG - Volatility Comparison
Viatris Inc. (VTRS) and iShares S&P GSCI Commodity-Indexed Trust (GSG) have volatilities of 7.41% and 7.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTRS | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.41% | 7.37% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 24.23% | 21.54% | +2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.55% | 23.48% | +9.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.35% | 22.80% | +10.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.80% | 22.00% | +11.80% |
Dividends
VTRS vs. GSG - Dividend Comparison
VTRS's dividend yield for the trailing twelve months is around 2.94%, 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% |
VTRS Viatris Inc. | 2.94% | 3.86% | 3.86% | 4.43% | 4.31% | 2.44% |
Frequently Asked Questions
VTRS and GSG have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTRS has higher volatility (7.41%) compared to GSG (7.37%). In terms of maximum drawdown, VTRS dropped -54.33% vs GSG's -89.62%.
VTRS currently has the higher Sharpe Ratio (2.64 vs 1.63), 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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