WCEO vs. GSG
WCEO (Hypatia Women CEO ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - WCEO is a Small Cap Blend Equities fund actively managed by Hypatia Capital, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. WCEO is actively managed, while GSG is passively managed. Over the past 3 years, WCEO returned 15.33%/yr vs 18.78%/yr for GSG. At a 0.08 correlation, their price movements are largely independent. WCEO charges 0.85%/yr vs 0.75%/yr for GSG.
Performance
WCEO vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, WCEO achieves a 12.44% return, which is significantly lower than GSG's 40.46% return.
WCEO
- 1D
- 0.98%
- 1M
- 2.97%
- YTD
- 12.44%
- 6M
- 12.93%
- 1Y
- 31.67%
- 3Y*
- 15.33%
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- -1.49%
- 1M
- -5.32%
- YTD
- 40.46%
- 6M
- 38.18%
- 1Y
- 49.68%
- 3Y*
- 18.78%
- 5Y*
- 15.39%
- 10Y*
- 7.42%
WCEO vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WCEO Hypatia Women CEO ETF | 12.44% | 9.77% | 8.28% | 11.35% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 40.46% | 5.93% | 8.52% | -0.74% |
Correlation
The correlation between WCEO and GSG is -0.23, 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 | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 10, 2023 | 0.08 |
The correlation between WCEO and GSG shifts across timeframes, from -0.23 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WCEO vs. GSG — Risk / Return Rank
WCEO
GSG
WCEO vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hypatia Women CEO ETF (WCEO) 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.
| WCEO | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.39 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.57 | 5.28 | -0.70 |
| Martin ratioReturn relative to average drawdown | 14.24 | 13.78 | +0.47 |
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
| WCEO | GSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 2.17 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.68 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | -0.09 | +0.78 |
Drawdowns
WCEO vs. GSG - Drawdown Comparison
The maximum WCEO drawdown since its inception was -25.88%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for WCEO and GSG.
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Drawdown Indicators
| WCEO | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.88% | -89.62% | +63.74% |
Max Drawdown (1Y)Largest decline over 1 year | -6.96% | -9.46% | +2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -25.88% | -14.94% | -10.94% |
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 | 0.00% | -57.59% | +57.59% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -63.71% | +58.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 3.62% | -1.39% |
Volatility
WCEO vs. GSG - Volatility Comparison
The current volatility for Hypatia Women CEO ETF (WCEO) is 3.45%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.72%. This indicates that WCEO 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
| WCEO | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 7.72% | -4.27% |
Volatility (6M)Calculated over the trailing 6-month period | 10.25% | 20.48% | -10.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.20% | 23.01% | -7.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.13% | 22.61% | -4.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.13% | 22.03% | -3.90% |
WCEO vs. GSG - Expense Ratio Comparison
WCEO has a 0.85% expense ratio, which is higher than GSG's 0.75% expense ratio.
Dividends
WCEO vs. GSG - Dividend Comparison
WCEO's dividend yield for the trailing twelve months is around 0.57%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% |
WCEO Hypatia Women CEO ETF | 0.57% | 0.64% | 0.88% | 0.93% |
Frequently Asked Questions
WCEO and GSG have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (7.72%) compared to WCEO (3.45%). In terms of maximum drawdown, WCEO dropped -25.88% vs GSG's -89.62%.
On 3-year performance, GSG leads with 18.78% vs 15.33% for WCEO. On fees, GSG is cheaper at 0.75% per year. On volatility, WCEO has been the lower-risk option at 3.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GSG has performed better with a 18.78% return vs 15.33%. 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 0.85% for WCEO.
WCEO has the higher dividend yield at 0.57%, compared with 0.00% for GSG.
WCEO is categorized as Small Cap Blend Equities, while GSG is Commodities. They also come from different issuers: Hypatia Capital and iShares. Their fees differ too: 0.85% for WCEO and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (2.17 vs 2.09), 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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