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 $32.77. It carries an overall rank of #161 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 66.2 out of 100. The fund charges an expense ratio of 0.75% and currently offers a dividend yield of 0.00%. The combination of its $839 million AUM and mid-tier ranking suggests a moderate level of investor adoption relative to the broader universe of 458 funds. Its position as the 161st ranked fund indicates it sits in the middle range of the total tracked population rather than at the extreme top or bottom.

Recent price action shows a sharp decline of 1.12% over the last day, followed by a recovery with a 4.36% gain over the past week. The fund demonstrated significant momentum over the last month with a 16.08% return, which accelerated further to a 35.02% gain over six months. Year-to-date performance has been particularly strong at 42.05%, while the one-year return stands at 45.00%. Longer-term data indicates sustained growth, with the three-year return reaching 51.71%. The three-month return of 0.15% suggests a brief period of consolidation before the recent acceleration in the six-month and year-to-date figures. This pattern reflects a trajectory where short-term volatility was followed by substantial gains over the intermediate and long-term horizons.

GSG is assigned a High volatility label and exhibits a beta of 1.27, indicating that its price movements tend to be more pronounced than the broader market. The fund has experienced a maximum drawdown of -18.81%, reflecting the potential for significant temporary declines in value. Despite this elevated volatility and drawdown risk, the fund has generated a Sharpe ratio of 1.69, suggesting that the returns achieved have been substantial relative to the risk taken. The combination of a beta above 1.0 and a high volatility label implies the fund amplifies market moves in both directions. However, the positive Sharpe ratio demonstrates that the fund has historically compensated investors well for this increased exposure to market fluctuations.

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

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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 5.50% and average daily volume is 849K/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