XDSQ vs. GSG
XDSQ (Innovator US Equity Accelerated ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - XDSQ is a Leveraged Equities fund actively managed by Innovator, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. XDSQ is actively managed, while GSG is passively managed. Over the past 5 years, XDSQ returned 9.71%/yr vs 14.20%/yr for GSG. At a 0.13 correlation, their price movements are largely independent. XDSQ charges 0.79%/yr vs 0.75%/yr for GSG.
Performance
XDSQ vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, XDSQ achieves a 3.82% return, which is significantly lower than GSG's 33.95% return.
XDSQ
- 1D
- -0.54%
- 1M
- 0.80%
- 6M
- 2.40%
- YTD
- 3.82%
- 1Y
- 14.33%
- 3Y*
- 14.13%
- 5Y*
- 9.71%
- 10Y*
- —
GSG
- 1D
- -0.93%
- 1M
- 4.15%
- 6M
- 29.74%
- YTD
- 33.95%
- 1Y
- 37.41%
- 3Y*
- 15.32%
- 5Y*
- 14.20%
- 10Y*
- 7.61%
XDSQ vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XDSQ Innovator US Equity Accelerated ETF | 3.82% | 14.22% | 23.12% | 23.00% | -16.78% | 13.28% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 33.95% | 5.93% | 8.52% | -5.51% | 24.08% | 22.48% |
Correlation
The correlation between XDSQ and GSG is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.13 |
The correlation between XDSQ and GSG shifts across timeframes, from -0.09 (1 year) to 0.13 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XDSQ vs. GSG — Risk / Return Rank
XDSQ
GSG
XDSQ vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator US Equity Accelerated ETF (XDSQ) 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.
| XDSQ | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 2.00 | -0.50 |
| Martin ratioReturn relative to average drawdown | 7.15 | 6.66 | +0.49 |
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Drawdowns
XDSQ vs. GSG - Drawdown Comparison
The maximum XDSQ drawdown since its inception was -26.06%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for XDSQ and GSG.
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Drawdown Indicators
| XDSQ | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.06% | -89.62% | +63.56% |
Max Drawdown (1Y)Largest decline over 1 year | -9.60% | -18.81% | +9.21% |
Max Drawdown (3Y)Largest decline over 3 years | -19.15% | -18.81% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -26.06% | -29.12% | +3.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -0.54% | -59.56% | +59.02% |
Average DrawdownAverage peak-to-trough decline | -4.86% | -63.68% | +58.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 5.63% | -3.62% |
Volatility
XDSQ vs. GSG - Volatility Comparison
The current volatility for Innovator US Equity Accelerated ETF (XDSQ) is 1.55%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.17%. This indicates that XDSQ 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
| XDSQ | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 7.17% | -5.62% |
Volatility (6M)Calculated over the trailing 6-month period | 7.92% | 21.54% | -13.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.55% | 23.48% | -12.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.27% | 22.80% | -7.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.95% | 22.00% | -7.05% |
XDSQ vs. GSG - Expense Ratio Comparison
XDSQ has a 0.79% expense ratio, which is higher than GSG's 0.75% expense ratio.
Dividends
XDSQ vs. GSG - Dividend Comparison
Neither XDSQ nor GSG has paid dividends to shareholders.
Frequently Asked Questions
XDSQ and GSG have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (7.17%) compared to XDSQ (1.55%). In terms of maximum drawdown, XDSQ dropped -26.06% vs GSG's -89.62%.
On 5-year performance, GSG leads with 14.20% vs 9.71% for XDSQ. On fees, GSG is cheaper at 0.75% per year. On volatility, XDSQ has been the lower-risk option at 1.55%. 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 14.20% return vs 9.71%. 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 0.79% for XDSQ.
XDSQ and GSG have nearly identical dividend yields, around 0.00%.
XDSQ is categorized as Leveraged Equities, while GSG is Commodities. They also come from different issuers: Innovator and iShares. Their fees differ too: 0.79% for XDSQ and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (1.60 vs 1.36), 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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