GSG vs FHEQ
Comparison between iShares S&P GSCI Commodity-Indexed Trust (GSG, ETF) and FIDELITY HEDGED EQUITY ETF (FHEQ, ETF).
GSG vs FHEQ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GSG
$928M
Winner
FHEQ
$929M
Expense Ratio
GSG
0.75%
Winner
FHEQ
0.48%
Max Drawdown
GSG
89.62%
Winner
FHEQ
11.49%
Sharpe Ratio
Winner
GSG
1.66
FHEQ
1.13
5Y Beta
Winner
GSG
0.07
FHEQ
0.59
P/E Ratio
GSG
N/A
FHEQ
24.81
Forward P/E
GSG
N/A
FHEQ
20.05
PEG Ratio
GSG
N/A
FHEQ
0.18
5Y EPS CAGR
GSG
N/A
FHEQ
33.39%
Debt to Equity
GSG
N/A
FHEQ
42.82%
P/S Ratio
GSG
N/A
FHEQ
4.21
P/B Ratio
GSG
N/A
FHEQ
5.90
GSG vs FHEQ - Historical Returns
Returns include dividend reinvestment.
1M
Winner
GSG
+5.29%
FHEQ
+1.70%
3M
GSG
+1.32%
Winner
FHEQ
+2.91%
6M
Winner
GSG
+32.37%
FHEQ
+10.48%
1Y
Winner
GSG
+50.76%
FHEQ
+16.43%
5Y(CAGR)
GSG
+17.85%
FHEQ
N/A
10Y(CAGR)
GSG
+8.57%
FHEQ
N/A
Max(CAGR)
GSG
-1.85%
Winner
FHEQ
+14.67%
GSG vs FHEQ - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | GSG | FHEQ |
|---|---|---|
| 2026 | +46.77% | +10.19% |
| 2025 | +4.87% | +13.41% |
| 2024 | +9.67% | +10.57% |
| 2023 | -2.53% | N/A |
| 2022 | +23.57% | N/A |
| 2021 | +39.79% | N/A |
| 2020 | -24.31% | N/A |
| 2019 | +15.05% | N/A |
| 2018 | -14.36% | N/A |
| 2017 | +5.58% | N/A |
| 2016 | +10.98% | N/A |
| 2015 | -32.94% | N/A |
| 2014 | -31.19% | N/A |
| 2013 | -2.13% | N/A |
| 2012 | -4.01% | N/A |
| 2011 | -3.96% | N/A |
| 2010 | +4.28% | N/A |
| 2009 | +7.46% | N/A |
| 2008 | -47.66% | N/A |
| 2007 | +37.34% | N/A |
| 2006 | -18.64% | N/A |
GSG vs FHEQ Drawdown Comparison
The maximum drawdown for GSG was -89.62%, occurring on Apr 28, 2020. This drawdown has not yet recovered.
The maximum drawdown for FHEQ was -11.12%, occurring on Apr 21, 2025. Recovery took 134 trading sessions.
The current GSG drawdown is -55.67%. The current FHEQ drawdown is -1.76%.
| Rank | GSG | FHEQ |
|---|---|---|
| #1 | -89.62% Jul 2, 2008 - Apr 28, 2020 | -11.12% Dec 6, 2024 - Jun 24, 2025 |
| #2 | -30.43% Aug 2, 2006 - Nov 2, 2007 | -7.77% Feb 2, 2026 - Apr 17, 2026 |
| #3 | -9.48% Mar 13, 2008 - Apr 15, 2008 | -5.40% Jul 16, 2024 - Aug 23, 2024 |
| #4 | -8.78% Jan 2, 2008 - Feb 14, 2008 | -4.31% Oct 28, 2025 - Dec 11, 2025 |
| #5 | -7.74% Nov 20, 2007 - Dec 26, 2007 | -4.09% Jun 2, 2026 - Aug 3, 2026 |
| #6 | -6.56% May 21, 2008 - Jun 6, 2008 | -3.60% Aug 23, 2024 - Sep 19, 2024 |
| #7 | -5.02% Apr 28, 2008 - May 5, 2008 | -3.13% Apr 11, 2024 - May 14, 2024 |
| #8 | -4.51% Nov 2, 2007 - Nov 20, 2007 | -2.44% Oct 6, 2025 - Oct 24, 2025 |
| #9 | -3.32% Jun 6, 2008 - Jun 12, 2008 | -2.30% Dec 24, 2025 - Feb 2, 2026 |
| #10 | -2.65% Jun 18, 2008 - Jun 26, 2008 | -2.11% Aug 13, 2026 - Aug 20, 2026 |
| #11 | -2.40% Mar 3, 2008 - Mar 5, 2008 | -2.10% Oct 14, 2024 - Nov 6, 2024 |
| #12 | -2.21% Apr 22, 2008 - Apr 28, 2008 | -2.03% Nov 11, 2024 - Dec 2, 2024 |
| #13 | -1.71% Feb 26, 2008 - Feb 28, 2008 | -2.01% Dec 11, 2025 - Dec 24, 2025 |
| #14 | -1.27% Feb 28, 2008 - Mar 3, 2008 | -1.84% Jul 25, 2025 - Aug 8, 2025 |
| #15 | -1.21% Jun 12, 2008 - Jun 18, 2008 | -1.71% May 14, 2026 - May 26, 2026 |
Correlation
Correlation between GSG and FHEQ is 0.76 which considered as a strong positive correlation - the stocks tend to move together.
0.76
-101
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