GSG — iShares S&P GSCI Commodity-Indexed Trust

GSG Price Performance — Growth of $10,000

Value of a $10,000 investment in GSG over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

GSG Drawdown

The "underwater" chart: GSG's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares S&P GSCI Commodity-Indexed Trust (GSG) operates within the Commodities category, which ETFValuer tracks with 22 total funds. Issued by iShares, the fund holds $839 million in assets under management and trades at a price of $31.09. It carries an overall rank of #202 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 62.5 out of 100. The fund charges an expense ratio of 0.75% and offers a dividend yield of 0.00%. The current asset size and ranking position suggest moderate adoption relative to the broader universe of tracked funds. These metrics collectively define the fund's cost structure and market standing without implying future performance expectations.

Over the last trading day, the fund declined by 1.27%, following a weekly loss of 1.71%. In contrast, the one-month return shows significant strength at +7.65%, while the three-month period reflects a contraction of -4.57%. The six-month horizon demonstrates substantial growth of +25.57%, contributing to a year-to-date return of +34.76%. Annual returns have reached +37.38%, and the three-year total return stands at +44.27%. This pattern indicates a divergence where short-term volatility exists alongside strong medium and long-term appreciation. The data shows a general acceleration in returns as the time horizon extends from one week to three years.

The fund is assigned a High volatility label and exhibits a beta of 1.27, indicating price movements that are more pronounced than the broader market. A Sharpe ratio of 1.34 suggests that the returns generated have been efficient relative to the amount of risk taken over the measured period. However, the maximum drawdown of -18.81% highlights the potential for significant temporary losses during market downturns. This combination of high beta and a deep drawdown implies the fund experiences amplified swings in both up and down markets. The positive Sharpe ratio alongside the high volatility suggests that the fund has successfully compensated investors for the elevated risk taken during the observed timeframe.

AI-generated summary based on the data on this page.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

GSG Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.03% and average daily volume is 853K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $839M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: GSG is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

GSG Performance History

How GSG Compares to Other Commodities ETFs