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Launched · SEC filings

iShares S&P GSCI Commodity-Indexed Trust

GSGNYSE ArcaiSharesC

$35.56−1.46 (−3.94%)

At close: Nov 2, 2026, 4:00 PM ET

C41/ 100

Rank 18 of 23 in Broad Commodity Futures

C41/100Rank 18 of 23inBroad Commodity Futures
Intraday session: down, 79 prints from 37.02 to 35.56. Range 35.55 to 36.06. Use the arrow keys to read each point.35.7536.0036.2536.5036.7510 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$1.06B
1Y total return
+59.5%
Yield · Last 12 months
No data
Holdings
25
Avg volume · 30D
1.18M sh
52W range
low $22.47high $37.75
Launched
Filings
SEC EDGAR

The ETF.net GSG Grade

Based on 5 of 6 pillars

C

Score 41 out of 100

Category
Broad Commodity Futures⁠
Rank
18 of 23
Six-pillar profile for GSG. Scores out of 100: Cost 32, Risk 30, Mission not scored, Tradability 58, Holdings 46, Durability 83. Strongest: Durability (83). Weakest: Risk (30). Based on 5 of 6 pillars.

Score 41 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D32 out of 100
    Rank 15 of 23

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D30 out of 100
    Rank 19 of 23

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B58 out of 100
    Rank 10 of 23

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C46 out of 100
    Rank 9 of 15

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A83 out of 100
    Rank 2 of 23

Our read on GSG

ETF.net Research

In short

CThe old-guard commodity trade. Since 2006, GSG has tracked the S&P GSCI, a fully collateralized basket of commodity futures, while most of the newer competition is built on Bloomberg indexes and roll-tweaking overlays.

Stated mandate

The fund seeks to track a fully collateralized index representing a diversified group of commodity futures.

Why people hold it

  • Tracks the S&P GSCI Total Return Index: a diversified, fully collateralized futures basket, with collateral interest built into the index rather than paid out.ishares.com
  • Live since 2006, so its record spans more than one commodity boom and bust.
  • A different engine from the pack: peers like BCI, BCD and CMDY run Bloomberg commodity indexes, while GSG stays with the S&P GSCI.
  • Actively traded, so getting in and out is generally straightforward.

Worth knowing

  • The 0.75% fee sits above the broad-commodity norm: BCI charges 0.26% and CMDY 0.29% for a similar all-in-one basket.
  • Commodity futures swing hard, and this one sits among the more volatile choices even inside its own category.
  • No distributions: collateral interest shows up inside the total-return index instead of arriving as income.

GSG Holdings

Holdings pillarC46 out of 100Rank 9 of 15 in Broad Commodity Futures
Asset class
Other
Holdings
25
Top-10 weight
61%
Largest holding
Treasury Bill8.5%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataTreasury Bill8.53%93,200,000$93.2M20
2No dataTreasury Bill7.34%80,489,000$80.2M15
3No dataTreasury Bill7.22%79,232,000$78.9M18
4No dataTreasury Bill6.80%74,443,000$74.3M15
5No dataTreasury Bill5.92%64,739,000$64.7M16
6No dataTreasury Bill5.69%62,316,000$62.2M17
7No dataTreasury Bill5.26%57,522,000$57.5M19
8No dataTreasury Bill4.98%54,858,000$54.5M30
9No dataTreasury Bill4.91%54,269,000$53.7M11
10No dataTreasury Bill4.54%50,000,000$49.6M13
11No dataTreasury Bill4.54%50,000,000$49.6M12
12No dataTreasury Bill4.32%47,339,000$47.2M16
13No dataTreasury Bill4.18%45,757,000$45.7M24
14No dataTreasury Bill3.66%40,000,000$40M33
15No dataUSD Cash3.46%37,845,731$37.8M220

Showing 1–15 of 25 holdings

GSG Performance

Launched Jul 10, 2006

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

GSG$15,950
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. GSG $15,950. SPY $11,199. Use the arrow keys to read each point.$10,000$12,500$15,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for GSG. Periods over one year show the average yearly return.
PeriodGSG
Year to date+60.5%
1 month+4.1%
3 months+15.5%
1 year+59.5%
3 yearsper year+19.6%
5 yearsper year+15.7%
10 yearsper year+9.8%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GSG
YearReturn barGSG
2026 YTD+60.5%
2025+5.9%
2024+8.5%
2023−5.5%
2022+24.1%
2021+38.8%
2020−23.9%

GSG in the news

GSG Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

GSG Risk

Risk pillarD30 out of 100Rank 19 of 23 in Broad Commodity Futures
How much the fund’s monthly returns vary, scaled to a year.
20.7%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.75
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−29.1%
Trough May 2023
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.27
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

GSG Cost

Compare GSG and SDMF

Overpaying vs SDMF, cheapest in Broad Commodity Futures

$10,125

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GSG 0.75%

    $14,482

  • SDMF 0.21% Cheapest

    $4,357

$10,000
30 years

Cost over time

  • GSG 0.75%
  • SDMF 0.21%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530GSG $14,482SDMF $4,357

Year by year

YearGSGSDMFOverpaying
10$1,336$383$953
20$5,078$1,491$3,587
30$14,482$4,357$10,125

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