GSG vs SPY
Comparison between iShares S&P GSCI Commodity-Indexed Trust (GSG, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceGSG has outperformed SPY, delivering a return of +16.1% compared to +13.3%
GSG vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GSG
$1B
Winner
SPY
$652B
Expense Ratio
GSG
0.75%
Winner
SPY
0.09%
Max Drawdown
GSG
89.62%
Winner
SPY
56.47%
Sharpe Ratio
GSG
1.99
Winner
SPY
2.07
5Y Beta
Winner
GSG
0.14
SPY
1.00
P/E Ratio
GSG
N/A
SPY
28.24
Forward P/E
GSG
N/A
SPY
21.85
5Y Dividends CAGR
GSG
N/A
SPY
5.43%
5Y EPS CAGR
GSG
N/A
SPY
25.79%
Debt to Equity
GSG
N/A
SPY
22.35%
P/S Ratio
GSG
N/A
SPY
3.55
P/B Ratio
GSG
N/A
SPY
5.29
GSG vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
GSG
+5.50%
Winner
SPY
+9.11%
3M
Winner
GSG
+30.72%
SPY
+6.59%
6M
Winner
GSG
+42.16%
SPY
+10.56%
1Y
Winner
GSG
+55.13%
SPY
+32.04%
5Y(CAGR)
Winner
GSG
+16.08%
SPY
+13.35%
10Y(CAGR)
GSG
+8.57%
Winner
SPY
+15.49%
Max(CAGR)
GSG
-2.03%
Winner
SPY
+8.50%
GSG vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | GSG | SPY |
|---|---|---|
| 2026 | +42.22% | +8.27% |
| 2025 | +4.87% | +18.00% |
| 2024 | +9.67% | +25.59% |
| 2023 | -2.53% | +26.72% |
| 2022 | +23.57% | -18.64% |
| 2021 | +39.79% | +30.52% |
| 2020 | -24.31% | +17.28% |
| 2019 | +15.05% | +31.09% |
| 2018 | -14.36% | -5.24% |
| 2017 | +5.58% | +20.78% |
| 2016 | +10.98% | +13.59% |
| 2015 | -32.94% | +1.31% |
| 2014 | -31.19% | +14.56% |
| 2013 | -2.13% | +29.00% |
| 2012 | -4.01% | +14.17% |
| 2011 | -3.96% | +0.85% |
| 2010 | +4.28% | +13.14% |
| 2009 | +7.46% | +22.67% |
| 2008 | -47.66% | -36.25% |
| 2007 | +37.34% | +5.32% |
| 2006 | -18.64% | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
GSG vs SPY 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 SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current GSG drawdown is -57.04%.
| Rank | GSG | SPY |
|---|---|---|
| #1 | -89.62% Jul 2, 2008 - Apr 28, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -30.43% Aug 2, 2006 - Nov 2, 2007 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -9.48% Mar 13, 2008 - Apr 15, 2008 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -8.78% Jan 2, 2008 - Feb 14, 2008 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -7.74% Nov 20, 2007 - Dec 26, 2007 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -6.56% May 21, 2008 - Jun 6, 2008 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -5.02% Apr 28, 2008 - May 5, 2008 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -4.51% Nov 2, 2007 - Nov 20, 2007 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -3.32% Jun 6, 2008 - Jun 12, 2008 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -2.65% Jun 18, 2008 - Jun 26, 2008 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -2.40% Mar 3, 2008 - Mar 5, 2008 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -2.21% Apr 22, 2008 - Apr 28, 2008 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -1.71% Feb 26, 2008 - Feb 28, 2008 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -1.27% Feb 28, 2008 - Mar 3, 2008 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -1.21% Jun 12, 2008 - Jun 18, 2008 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between GSG and SPY is -0.43 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.
-0.43
-101
Select Stocks to Compare
Popular: GSG vs SPY
More Comparisons
Compare with similar stocks