Which returned more over the last year, GSG or NBCM?

In the year to Oct 9, 2026, with distributions reinvested, GSG returned +57.4% and NBCM +43.3%.

Which is cheaper, GSG or NBCM?

NBCM is cheaper, by 0.16 percentage points a year. On $10,000 held for a year that difference is about $16. Fees come from each fund's own filings.

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GSG vs NBCM: how they differ

GSG is a commodity futures fund and NBCM an actively managed commodity fund, and over the year GSG returned +57.4% against +43.3%. iShares GSCI Commodity-Indexed Trust Fund and Neuberger Commodity Strategy ETF.

NBCM costs 0.16 points a year less; their one-year returns differ by 14.1 points; GSG is 2.4 times larger.

	GSG	NBCM
Expense ratio	0.81%	0.65%
Net assets, GSG as of Oct 8, 2026 and NBCM as of May 31, 2026	$1.0bn	$425m
Total return, 1 year	+57.4%	+43.3%
Holdings in common	not published
Below its high	52.8%, high on Jul 2, 2008

+57.4%

GSG total return, 1 year

+43.3%

NBCM total return, 1 year

0.81%

GSG expense ratio

0.65%

NBCM expense ratio

On the same fields

GSG

iShares GSCI Commodity-Indexed Trust Fund

NBCM

Neuberger Commodity Strategy ETF

Where it sits Commodity ETF Commodity ETF

Issuer iShares Neuberger Berman

What it is Holds commodity futures Actively managed

Total return, 1 year +57.4% +43.3%

S&P 500 over the same days +17.3% +17.3%

Gap to the S&P 500 +40.1 pts +26.1 pts

Expense ratio 0.81% 0.65%

Holdings not read by ETFIQ 149

Net assets, GSG as of Oct 8, 2026 and NBCM as of May 31, 2026 $1.0bn $425m

GSG and NBCM on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

GSG in plain words

GSG holds commodity futures. Over the year to Oct 9, 2026 it returned +57.4% with distributions reinvested. It sat 52.8% below its high of Jul 2, 2008 on Oct 9, 2026.

Its expense ratio is 0.81% a year, for the three months to Jun 30, 2026, as its 10-Q states.

NBCM in plain words

NBCM is actively managed and tracks no index. The prospectus expense ratio is 0.65% a year.

Over the year to Oct 9, 2026 it returned +43.3% with distributions reinvested, against +40.2% for its benchmark, the Bloomberg Commodity Index.

Questions people ask

Which returned more over the last year, GSG or NBCM?: In the year to Oct 9, 2026, with distributions reinvested, GSG returned +57.4% and NBCM +43.3%.
Which is cheaper, GSG or NBCM?: NBCM is cheaper, by 0.16 percentage points a year. On $10,000 held for a year that difference is about $16. Fees come from each fund's own filings.

Other comparisons

BCD vs GSG GSG vs PIT CMDY vs GSG CMDT vs GSG CMDT vs NBCM BCD vs NBCM NBCM vs PIT COMB vs NBCM

GSG on its own →NBCM on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

GSG filings on SEC EDGAR ↗iShares page for GSG ↗NBCM filings on SEC EDGAR ↗NBCM prospectus with the expense ratio (SEC) ↗Neuberger Berman website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, GSG against NBCM, data as of Oct 9, 2026. https://etfiq.com/compare/any/gsg-vs-nbcm

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.