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 is a $1.03 billion commodity fund issued by iShares, currently holding an ETFValuer grade of B with a score of 68.2 out of 100. It ranks 6th out of 22 peers in its category and 149th of 458 tracked ETFs overall. The fund charges an expense ratio of 0.75%, which is higher than the category median of 0.595%. It does not distribute dividends, contrasting with the category median yield of 2.89%. Holdings data is not available for this trust.

The fund has demonstrated strong momentum, with a one-year return of 64.56% significantly outpacing the category median of 9.06%. This performance has driven the price to $37.70, sitting at 99.7% of its 52-week range. Short-term gains are evident, with returns of 19.72% over three months and 63.42% year-to-date. The rating was upgraded from C to B on September 10, 2026, reflecting this recent strength. Historical data is limited, with price history available for only 3.0 years.

With an annualized volatility of 25.46%, the fund is classified as High risk. Its beta of 1.26 indicates it moves more than 126% of the market's movement. Despite the high volatility, the Sharpe ratio of 2.34 suggests efficient risk-adjusted returns. The maximum drawdown recorded is -18.81%. Liquidity is supported by an average daily volume of 1,316,634 shares.

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

Market Backdrop

10-Year Treasury Yield: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

GSG Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 1.3M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $1.03B 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