iShares S&P GSCI Commodity-Indexed Trust

10-Year Study

GSG.US · · US · ETF

Executive Summary: iShares S&P GSCI Commodity-Indexed Trust has compounded at 7.5% annually over the last 10 years, with a maximum drawdown of 53.2% and an annualized volatility of 17.4%.

1Y CAGR
+54.4%
3Y CAGR
+19.7%
5Y CAGR
+15.6%
10Y CAGR
+7.5%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
53.2%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.31
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.39
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
21.6%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2021 · +38.8%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2020 · -23.9%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
70%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
202610.51.924.2-2.2————————36.7%
20253.4-1.52.6-8.92.04.13.4-0.10.91.00.3-0.95.9%
20244.40.94.51.0-1.40.9-2.9-2.2-0.21.4-0.83.08.5%
2023-0.1-4.2-0.9-1.0-6.24.410.80.53.7-3.9-4.4-3.0-5.5%
202211.78.88.84.55.7-7.7-0.7-3.0-7.56.2-1.2-1.724.1%
20214.710.3-1.98.12.44.11.3-2.46.05.9-10.67.238.8%
2020-10.6-7.8-30.4-8.815.85.63.74.7-4.4-3.412.25.8-23.9%
20198.33.51.52.8-8.44.3-0.4-4.91.60.80.46.415.6%
20183.7-3.72.34.61.51.2-3.61.03.8-6.2-11.1-7.2-13.9%
2017-1.50.1-4.1-2.6-1.2-1.74.2-1.03.03.91.33.83.9%
2016———10.41.30.6-10.12.04.1-1.82.55.013.6%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 17.4%. The dominant macroeconomic risk driver is USO.US, accounting for 81.8% of variance. Idiosyncratic stock-specific factors contribute 6.3%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0111036.983321247282
2016-05-0111182.01595358956
2016-06-0111254.532269760697
2016-07-0110123.277737490936
2016-08-0110326.323422770125
2016-09-0110746.918056562727
2016-10-0110558.375634517766
2016-11-0110819.434372733866
2016-12-0111363.306744017405
2017-01-0111189.267585206673
2017-02-0111203.7708484409
2017-03-0110746.918056562727
2017-04-0110464.104423495286
2017-05-0110340.826686004351
2017-06-0110166.78752719362
2017-07-0110594.633792603336
2017-08-0110485.85931834663
2017-09-0110804.931109499637
2017-10-0111225.525743292243
2017-11-0111370.558375634519
2017-12-0111805.656272661352
2018-01-0112248.005801305295
2018-02-0111798.404641044235
2018-03-0112073.96664249456
2018-04-0112632.342277012329
2018-05-0112828.136330674404
2018-06-0112987.672226250908
2018-07-0112516.31617113851
2018-08-0112646.845540246557
2018-09-0113132.704858593184
2018-10-0112320.522117476432
2018-11-0110957.215373459028
2018-12-0110166.78752719362
2019-01-0111015.22842639594
2019-02-0111399.564902102975
2019-03-0111566.352429296592
2019-04-0111885.424220449602
2019-05-0110884.69905728789
2019-06-0111348.803480783175
2019-07-0111298.04205946338
2019-08-0110746.918056562727
2019-09-0110913.705583756346
2019-10-0111000.725163161713
2019-11-0111044.234952864395
2019-12-0111754.894851341553
2020-01-0110507.61421319797
2020-02-019688.179840464105
2020-03-016744.017403915882
2020-04-016149.383611312545
2020-05-017121.102248005802
2020-06-017519.941986947063
2020-07-017795.50398839739
2020-08-018158.085569253083
2020-09-017795.50398839739
2020-10-017527.193618564177
2020-11-018448.150833937636
2020-12-018941.261783901378
2021-01-019361.856417693982
2021-02-0110326.323422770125
2021-03-0110130.52936910805
2021-04-0110949.963741841915
2021-05-0111211.022480058014
2021-06-0111667.875271936186
2021-07-0111820.159535895578
2021-08-0111537.345902828138
2021-09-0112226.250906453952
2021-10-0112944.162436548226
2021-11-0111573.604060913707
2021-12-0112407.541696881799
2022-01-0113865.119651921685
2022-02-0115090.645395213924
2022-03-0116424.945612762873
2022-04-0117171.8636693256
2022-05-0118158.085569253082
2022-06-0116751.269035532998
2022-07-0116627.99129804206
2022-08-0116134.880348078317
2022-09-0114923.857868020305
2022-10-0115844.815083393767
2022-11-0115656.272661348805
2022-12-0115395.213923132707
2023-01-0115380.710659898477
2023-02-0114728.06381435823
2023-03-0114590.282813633068
2023-04-0114437.998549673679
2023-05-0113538.796229151561
2023-06-0114133.430021754893
2023-07-0115663.52429296592
2023-08-0115736.040609137057
2023-09-0116323.42277012328
2023-10-0115685.279187817257
2023-11-0114996.374184191443
2023-12-0114546.773023930384
2024-01-0115184.916606236406
2024-02-0115315.445975344455
2024-03-0115997.099347353154
2024-04-0116149.383611312547
2024-05-0115917.331399564902
2024-06-0116062.36403190718
2024-07-0115598.259608411896
2024-08-0115257.43292240754
2024-09-0115228.426395939088
2024-10-0115445.975344452503
2024-11-0115329.949238578682
2024-12-0115786.802030456853
2025-01-0116330.674401740393
2025-02-0116091.370558375636
2025-03-0116511.965192168238
2025-04-0115047.135605511241
2025-05-0115351.704133430025
2025-06-0115982.596084118928
2025-07-0116533.72008701958
2025-08-0116511.965192168238
2025-09-0116656.997824510516
2025-10-0116831.03698332125
2025-11-0116874.546773023932
2025-12-0116722.26250906454
2026-01-0118477.157360406094
2026-02-0118825.23567802756
2026-03-0123386.51196519217
2026-04-0122864.394488759976
Annual Return Matrix
YearAnnual Return
20170.038927887683471774
2018-0.1388206388206389
20190.15620542082738953
2020-0.23935842072794578
20210.38767234387672334
20220.2407948568088838
2023-0.05511069241639199
20240.08524426719840483
20250.0592558566835093
20260.3673026886383348
Total Factor Risk
0.17394260950740972
VTI.US Exposure
-0.007220068105807489
VEA.US Exposure
0.017062780318686847
VWO.US Exposure
-0.004148654110205799
QQQ.US Exposure
0.030020211874239543
VTV.US Exposure
0.002987237136456117
IJR.US Exposure
-0.0002836707137698296
QUAL.US Exposure
-0.01069552486758423
SHV.US Exposure
0.007659490644748486
TLT.US Exposure
-0.013641735888603146
LQD.US Exposure
0.03625184873771285
HYG.US Exposure
0.02095597118652847
GLD.US Exposure
-0.0019122645266291477
USO.US Exposure
0.8179605842731752
VNQ.US Exposure
0.005694032957470727
BTC-USD.CC Exposure
0.0001319768361513111
CPER.US Exposure
0.014435808327723596
VIX.INDX Exposure
-0.0013980770922756207
UUP.US Exposure
-0.0010882343391086886
TIP.US Exposure
0.024057298311319808
Idiosyncratic Exposure
0.06317098903977099
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
17.4%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+9.0%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+28.6%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
5.9% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.92
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is iShares S&P GSCI Commodity-Indexed Trust a high-risk investment?

iShares S&P GSCI Commodity-Indexed Trust (GSG.US) has an annualized volatility of 17.4% and experienced a maximum drawdown of 53.2% over the last 10 years. Its primary macro risk driver is USO.US.

What is the 10-year return of GSG.US?

Over the past 10 years, GSG.US has generated a Compound Annual Growth Rate (CAGR) of 7.5%. It has had a positive return in 70% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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