iShares S&P GSCI Commodity Indexed Trust (GSG): Historical Returns

Data Source: from March 1970 to October 2021

Last Update: 31 Oct 2021

Category: Commodities

ETF: iShares S&P GSCI Commodity Indexed Trust (GSG)

In the last 10 years, the iShares S&P GSCI Commodity Indexed Trust (GSG) ETF obtained a -6.04% compound annual return, with a 21.25% standard deviation.

In the last 25 years, a -0.11% compound annual return, with a 22.16% standard deviation.

The ETF is related to the following investment themes:

Asset Class: Commodity
Commodity: Broad Diversified

The iShares S&P GSCI Commodity Indexed Trust (GSG) ETF is present in the following Lazy Portfolios:

Portfolio Name	Author	ETF Weight
All Weather Portfolio	Ray Dalio	7.5%
Ivy Portfolio	Mebane Faber	20.0%
Robust	Alpha Architect	10.0%
7Twelve Portfolio	Craig Israelsen	16.7%
GAA Global Asset Allocation	Mebane Faber	5.0%
All Weather Portfolio with Bitcoin	Ray Dalio	6.5%

Capital Growth and Historical Returns

Capital growth, returns, stats are calculated assuming a reinvestment of dividends.

Time Range:

ETF Returns, up to December 2006, are simulated. They have been calculated using the historical series of equivalent ETFs / Assets.

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Period	Returns Oct 2021	Standard Deviation *	Max Drawdown	Months Pos - Neg
1M	+5.87%		0.00%	1 - 0
3M	+9.51%		-2.39% Aug 2021 - Aug 2021	2 - 1
6M	+18.21%		-2.39% Aug 2021 - Aug 2021	5 - 1
YTD	+44.77%		-2.39% Aug 2021 - Aug 2021	8 - 2
1Y	+71.97%	14.67%	-2.39% Aug 2021 - Aug 2021	10 - 2
3Y	+1.66% annualized	28.39%	-50.09% Nov 2018 - Apr 2020	23 - 13
5Y	+4.16% annualized	23.04%	-53.18% Oct 2018 - Apr 2020	38 - 22
10Y	-6.04% annualized	21.25%	-76.36% Mar 2012 - Apr 2020	62 - 58
20Y	+0.23% annualized	22.35%	-88.68% Jul 2008 - Apr 2020	135 - 105
25Y	-0.11% annualized	22.16%	-88.68% Jul 2008 - Apr 2020	164 - 136
MAX 01 Mar 1970	+6.82% annualized	19.95%	-88.68% Jul 2008 - Apr 2020	352 - 268

* Annualized St.Dev. of monthly returns

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Drawdowns

Drawdonws Chart:

Worst drawdowns since November 1996.

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	Drawdown period			Recovery period		Total
Drawdown	Start	Bottom	#Months	End	#Months	#Months
-88.68%	Jul 2008	Apr 2020	142	in progress	18	160
-48.26%	Nov 1997	Feb 1999	16	Jun 2000	16	32
-35.42%	Dec 2000	Jan 2002	14	Jan 2003	12	26
-10.84%	Mar 2003	Apr 2003	2	Oct 2003	6	8
-9.93%	Dec 2006	Jan 2007	2	Jul 2007	6	8
-9.45%	Oct 2005	Mar 2006	6	Nov 2006	8	14
-9.07%	Jan 1997	Jun 1997	6	Oct 1997	4	10
-7.68%	Jul 2000	Jul 2000	1	Aug 2000	1	2
-7.32%	Apr 2004	Jun 2004	3	Sep 2004	3	6
-5.14%	Nov 2004	Dec 2004	2	Feb 2005	2	4
-4.60%	Apr 2005	May 2005	2	Aug 2005	3	5
-3.19%	Aug 2007	Aug 2007	1	Sep 2007	1	2
-1.37%	Sep 2000	Sep 2000	1	Nov 2000	2	3
-0.94%	Mar 2008	Mar 2008	1	Apr 2008	1	2
-0.46%	Jan 2008	Jan 2008	1	Feb 2008	1	2
-0.46%	Nov 2007	Nov 2007	1	Dec 2007	1	2

Worst drawdowns since March 1970.

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	Drawdown period			Recovery period		Total
Drawdown	Start	Bottom	#Months	End	#Months	#Months
-88.68%	Jul 2008	Apr 2020	142	in progress	18	160
-48.26%	Nov 1997	Feb 1999	16	Jun 2000	16	32
-37.42%	Dec 1974	Jul 1977	32	Jan 1979	18	50
-35.42%	Dec 2000	Jan 2002	14	Jan 2003	12	26
-29.73%	Nov 1980	Dec 1981	14	Oct 1985	46	60
-26.04%	Oct 1990	Dec 1993	39	Mar 1996	27	66
-17.02%	Feb 1974	May 1974	4	Jul 1974	2	6
-14.77%	Feb 1980	Mar 1980	2	Jul 1980	4	6
-14.01%	Dec 1985	Mar 1986	4	Nov 1986	8	12
-10.84%	Mar 2003	Apr 2003	2	Oct 2003	6	8
-10.08%	Sep 1973	Oct 1973	2	Dec 1973	2	4
-9.93%	Dec 2006	Jan 2007	2	Jul 2007	6	8
-9.45%	Oct 2005	Mar 2006	6	Nov 2006	8	14
-9.07%	Jan 1997	Jun 1997	6	Oct 1997	4	10
-7.68%	Jul 2000	Jul 2000	1	Aug 2000	1	2
-7.46%	May 1979	Jul 1979	3	Aug 1979	1	4
-7.32%	Apr 2004	Jun 2004	3	Sep 2004	3	6
-6.00%	Feb 1987	Feb 1987	1	Mar 1987	1	2
-5.53%	Jun 1988	Sep 1988	4	Nov 1988	2	6
-5.14%	Nov 2004	Dec 2004	2	Feb 2005	2	4

Rolling Returns ( more details)

iShares S&P GSCI Commodity Indexed Trust (GSG) ETF: annualized rolling and average returns

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	*Return ()**			Negative Periods
Rolling Period	Average	Best	Worst	Negative Periods
1 Year	+9.59%	+106.86% Aug 1972 - Jul 1973	-60.40% May 2008 - Apr 2009	35.30%
2 Years	+7.88%	+71.22% Nov 1972 - Oct 1974	-39.09% Jul 2008 - Jun 2010	34.67%
3 Years	+7.24%	+58.15% Nov 1971 - Oct 1974	-26.75% Feb 2013 - Jan 2016	31.62%
5 Years	+6.31%	+31.37% Sep 1970 - Aug 1975	-18.22% Mar 2011 - Feb 2016	28.88%
7 Years	+6.05%	+22.07% Mar 1972 - Feb 1979	-17.02% May 2013 - Apr 2020	25.14%
10 Years	+6.36%	+21.88% Nov 1970 - Oct 1980	-13.33% Jul 2008 - Jun 2018	17.96%
15 Years	+6.85%	+14.63% Nov 1976 - Oct 1991	-9.28% May 2005 - Apr 2020	17.01%
20 Years	+7.24%	+17.34% Oct 1970 - Sep 1990	-3.66% Nov 2000 - Oct 2020	12.60%

* Annualized rolling and average returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the iShares S&P GSCI Commodity Indexed Trust (GSG) ETF: Rolling Returns page.

Seasonality and Yearly/Monthly Returns

In the table below, for the iShares S&P GSCI Commodity Indexed Trust (GSG) ETF, the average monthly return is represented.

Below each return, it's also mentioned the probability of obtaining a positive monthly result (Win %).

Both the Average Return and the Gain Frequency are useful to get an idea of what happened in the past.

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	Monthly Average Return (%) and Gain Frequency
Return (%)	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
Average Win %	0.19 57%	0.61 49%	0.92 63%	1.87 67%	0.73 48%	0.46 50%	0.88 62%	1.82 65%	1.21 60%	-0.43 50%	-0.10 59%	0.44 51%
Best Year	11.2 1974	11.3 2008	16.9 1999	10.9 2015	21.5 2009	12.4 1974	25.8 1973	16.6 1990	22.9 1990	10.3 2011	12.2 2020	10.5 1973
Worst Year	-15.6 1975	-10.4 1975	-30.4 2020	-8.8 2020	-13.6 2010	-9.3 1978	-14.2 2015	-7.5 2008	-12.7 2011	-29.7 2008	-14.9 2008	-13.8 2014

Statistics calculated for the period Mar 1970 - Oct 2021

For further information about the seasonality, check the Asset Class Seasonality page.

Monthly Returns of iShares S&P GSCI Commodity Indexed Trust (GSG) ETF:

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		Months
Year	Return	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2021	+44.77%	4.7	10.3	-1.9	8.1	2.4	4.1	1.3	-2.4	6.0	5.9
2020	-23.94%	-10.6	-7.8	-30.4	-8.8	15.8	5.6	3.7	4.7	-4.4	-3.4	12.2	5.8
2019	+15.62%	8.4	3.5	1.5	2.8	-8.4	4.3	-0.5	-4.9	1.6	0.8	0.4	6.4
2018	-13.88%	3.8	-3.7	2.3	4.6	1.6	1.2	-3.6	1.0	3.8	-6.2	-11.1	-7.2
2017	+3.89%	-1.5	0.1	-4.1	-2.6	-1.2	-1.7	4.2	-1.0	3.0	3.9	1.3	3.8
2016	+10.12%	-5.3	-2.1	4.5	10.4	1.3	0.7	-10.1	2.0	4.1	-1.8	2.5	5.0
2015	-34.06%	-8.7	5.9	-6.6	10.9	-2.2	-0.2	-14.2	0.3	-6.0	-0.1	-9.1	-8.3
2014	-32.96%	-2.2	4.8	-0.1	1.0	-0.5	2.4	-5.7	-1.6	-6.1	-6.0	-10.1	-13.8
2013	-1.83%	4.6	-5.1	1.1	-4.9	-1.5	0.0	5.7	3.1	-3.5	-1.5	-0.5	1.4
2012	-0.58%	2.4	6.2	-3.0	-0.4	-12.8	0.7	5.9	7.2	-2.1	-4.0	1.6	-0.5
2011	-3.28%	3.1	2.7	3.5	4.3	-6.9	-6.0	3.2	-1.7	-12.7	10.3	1.5	-2.4
2010	+7.17%	-8.1	5.9	0.6	3.2	-13.6	0.1	5.8	-5.5	8.0	2.9	1.2	9.1
2009	+11.22%	-10.4	-6.1	4.6	-1.6	21.5	-0.2	0.7	0.4	-2.4	4.8	1.3	1.0
2008	-45.75%	-0.5	11.3	-0.9	8.2	8.5	10.3	-13.3	-7.5	-10.4	-29.7	-14.9	-11.2
2007	+31.62%	-2.6	3.7	2.5	0.5	-1.2	3.1	4.8	-3.2	9.4	6.0	-0.5	6.0
2006	-3.04%	1.6	-6.6	-0.5	6.6	0.7	-2.0	4.3	-2.3	-6.6	4.2	6.4	-7.6
2005	+20.50%	0.8	6.6	3.5	-4.2	-0.5	1.8	2.2	9.6	3.9	-7.8	-0.1	4.1
2004	+16.36%	2.7	8.8	4.5	-6.2	3.3	-4.3	2.8	0.5	6.8	2.8	-1.4	-3.8
2003	+29.82%	7.9	7.2	-10.0	-0.9	10.2	-3.3	-4.2	5.9	3.4	4.8	0.2	7.2
2002	+42.63%	-3.1	4.4	13.5	1.1	-4.4	3.4	3.2	7.4	6.4	-2.8	0.2	8.3
2001	-31.94%	-5.3	-1.4	-3.9	5.4	-2.9	-7.2	0.2	1.0	-11.0	-5.0	-5.4	-1.3
2000	+49.77%	7.2	6.3	-1.2	-0.9	11.2	7.1	-7.7	15.4	-1.4	0.2	9.2	-2.1
1999	+40.90%	0.4	-4.6	16.9	4.1	-5.5	6.4	3.6	7.0	5.3	-5.2	4.1	4.2
1998	-35.75%	-1.6	-6.6	-0.5	-2.7	-4.7	-3.6	-7.9	-5.9	10.2	-4.7	-12.2	-1.7
1997	-14.06%	-1.5	-6.9	1.7	2.3	0.7	-5.4	4.1	2.5	2.5	2.8	-9.9	-6.8
1996	+33.91%	-0.2	4.0	6.5	5.8	-0.8	3.9	-4.7	3.2	3.6	-0.3	8.3	1.0
1995	+20.35%	-2.5	0.8	1.4	3.1	-0.8	-1.8	2.6	2.1	0.4	1.0	2.7	10.2
1994	+5.31%	8.1	-2.2	-1.2	2.6	1.5	2.5	1.7	-6.7	-0.9	0.5	-3.3	3.4
1993	-12.33%	1.2	1.2	2.1	-1.1	-2.8	-3.1	-0.9	0.8	0.3	-3.6	-5.0	-1.9
1992	+4.44%	2.8	-1.1	1.1	3.0	2.7	-0.6	-1.4	0.1	1.2	-2.2	-1.3	0.2
1991	-6.14%	-9.4	1.4	3.8	2.3	-0.1	-2.4	5.1	1.5	0.8	2.9	-4.0	-7.1
1990	+29.07%	-0.4	-0.3	0.7	-1.1	-0.7	-1.6	8.3	16.6	22.9	-6.1	-6.6	-2.0
1989	+38.29%	0.4	4.3	6.8	3.2	-1.3	3.5	-2.8	3.5	6.0	-0.7	1.6	9.1
1988	+27.93%	2.7	-1.1	5.0	3.1	3.5	-2.8	0.6	-0.7	-2.7	4.8	5.8	7.3
1987	+23.77%	5.7	-6.0	8.1	5.0	4.6	3.6	4.5	-2.0	0.7	1.1	0.0	-2.8
1986	+2.06%	-9.1	-3.5	-0.2	5.6	-3.8	3.8	1.0	8.6	-2.5	1.1	3.0	-0.7
1985	+10.02%	1.3	-1.3	4.3	-3.2	0.0	-2.9	-2.3	1.5	5.7	7.2	1.7	-1.8
1984	+1.06%	1.1	0.5	4.9	-1.1	2.9	-2.3	-6.7	4.3	-0.8	0.5	0.4	-2.0
1983	+16.26%	0.7	-1.1	6.7	1.0	0.5	1.3	3.5	1.8	-2.7	-1.2	0.1	5.0
1982	+11.55%	8.0	-2.3	3.7	3.6	0.2	-3.0	2.2	-0.2	-2.9	-0.6	4.0	-1.1
1981	-23.01%	-6.4	-2.9	-0.2	-1.4	0.5	-6.4	4.6	-3.3	-0.1	0.3	-4.5	-5.6
1980	+11.10%	6.0	-0.9	-14.0	3.7	6.1	5.6	4.8	1.6	5.6	3.1	-1.4	-7.4
1979	+33.80%	7.2	5.9	-1.8	6.0	-4.7	1.3	-4.2	11.5	4.3	-3.2	6.9	1.6
1978	+31.60%	3.2	1.6	10.3	2.2	7.6	-9.3	2.7	2.7	5.6	1.0	2.6	-1.2
1977	+10.38%	-0.3	-0.3	3.6	5.2	-3.4	-2.4	-8.5	1.0	3.7	2.9	4.3	5.1
1976	-11.90%	-4.8	5.7	0.2	3.9	1.8	-1.7	-8.9	-2.8	-9.9	-1.2	1.4	5.0
1975	-17.22%	-15.6	-10.4	8.5	-4.6	-1.5	1.7	7.8	9.6	1.1	-8.0	-1.2	-2.6
1974	+39.54%	11.2	-0.5	-11.5	1.1	-6.8	12.4	23.8	-4.9	12.1	9.0	2.0	-8.3
1973	+75.01%	3.4	4.3	-2.4	6.0	18.2	-1.7	25.8	2.5	-5.0	-5.3	5.2	10.5
1972	+42.45%	3.9	-0.3	1.3	2.9	2.3	2.7	-0.9	6.0	7.6	-1.0	3.9	8.0
1971	+21.07%	5.1	-1.0	1.0	0.6	3.7	-1.0	0.7	-0.5	0.0	4.6	2.6	3.6

ETF Returns, up to December 2006, are simulated. They have been calculated using the historical series of equivalent ETFs / Assets.