GSG vs USCI: Differences, Returns & Fees

GSG and USCI are both commodity futures funds, and over the year GSG returned +62.5% against +43.7%. Net assets on Oct 14, 2026: $1.0bn for iShares GSCI Commodity-Indexed Trust Fund and $419m for United States Commodity Index Fund ETV.

GSG costs 0.24 points a year less; their one-year returns differ by 18.8 points; GSG is 2.5 times larger.

GSG vs USCI: Differences, Returns & Fees
GSGUSCI
Expense ratio0.81%1.05%
Net assets$1.0bn$419m
Total return, 1 year+62.5%+43.7%
What it tracksCommodity futuresBroad futures
Holdings in commonnot published
Below its high52.1%, high on Jul 2, 2008
+62.5%
GSG total return, 1 year
+43.7%
USCI total return, 1 year
0.81%
GSG expense ratio
1.05%
USCI expense ratio
Client brief · page 1 of 2Report BR-5AD96E491A

GSG and USCI are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. GSG follows Commodity futures and USCI follows Broad futures.
  2. One-year total return. Over 1 year to Oct 14, 2026 GSG returned +62.5% and USCI +43.7% with distributions reinvested, a gap of 18.8 points.
  3. Cost. GSG charges 0.81% of assets a year and USCI 1.05%, a gap of 0.24 points.

Data as of Oct 14, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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On the same fields

GSG
iShares GSCI Commodity-Indexed Trust Fund
USCI
United States Commodity Index Fund ETV
Where it sits Commodity ETF Commodity ETF
Issuer iShares USCF
What it is Holds commodity futures Holds broad futures
Total return, 1 year +62.5% +43.7%
Expense ratio 0.81% 1.05%
Net assets $1.0bn $419m

GSG and USCI on the fields both publish, as of Oct 14, 2026. Source: ETFIQ.

About GSG

GSG holds commodity futures. Over the year to Oct 14, 2026 it returned +62.5% with distributions reinvested. It sat 52.1% below its high of Jul 2, 2008 on Oct 14, 2026.

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

About USCI

USCI holds broad futures. Over the year to Oct 14, 2026 it returned +43.7% with distributions reinvested. The prospectus expense ratio is 1.05% a year.

Questions people ask

Which returned more over the last year, GSG or USCI?
In the year to Oct 14, 2026, with distributions reinvested, GSG returned +62.5% and USCI +43.7%.
Which is cheaper, GSG or USCI?
GSG is cheaper, by 0.24 percentage points a year. That is about $24 on $10,000 held for a year. Fees come from each fund's own filings.
Cite this pageCitation, APA and Markdown

ETFIQ, GSG against USCI, data as of Oct 14, 2026. https://etfiq.com/compare/any/gsg-vs-usci

Open data

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