S&P GSCI (2024)

FAQs

What is the difference between S&P GSCI and S&P 500? ›

The S&P 500 tracks the stock price of 500 of the publicly listed largest U.S. companies, while the S&P GSCI precious metals index tracks the price of precious metals futures contracts worldwide.

The S&P GSCI Equal Weight Capped Component equal weights the commodities from the S&P GSCI, capping the highest weight component at 32% and the rest at 17%, and rebalancing on a monthly basis. There are 18 components in the S&P GSCI, encompassing 24 specific commodities.

The value of the S&P GSCI, therefore, is calculated solely based on the CPW of each Designated Contract, and of the Daily Contract Reference Prices of the First Nearby Contract Expiration and/or the Roll Contract Expiration of each Designated Contract.

The S&P GSCI is a benchmark commodities index that tracks the performance of the global commodities market. It is made up of 24 exchange-traded futures contracts that cover physical commodities spanning five sectors.

The S&P 500® Equal Weight Index (EWI) is the equal-weight version of the widely-used S&P 500. The index includes the same constituents as the capitalization weighted S&P 500, but each company in the S&P 500 EWI is allocated a fixed weight - or 0.2% of the index total at each quarterly rebalance.

Meaning of the S&P GSCI in English

abbreviation for Standard and Poor's Goldman Sachs Commodity Index: a series of numbers that shows the total changes in the prices of particular metals, farm products, etc.

By rebalancing regularly to maintain equal weightings, these ETFs ensure that each stock has an equal influence on fund performance. The largest equal-weighted ETF is the Invesco S&P 500 Equal Weight ETF (RSP).

S&P GSCI ETFs

The average expense ratio is 0.75%. S&P GSCI ETF can be found in the following asset class: Commodities.

The S&P is a float-weighted index, meaning the market capitalizations of the companies in the index are adjusted by the number of shares available for public trading. Because of its depth and diversity, the S&P 500 is widely considered one of the best gauges of large U.S. stocks, and even the entire equities market.

GSCI Commodity Index is expected to trade at 586.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 611.23 in 12 months time.

What is iShares S&P GSCI? ›

The iShares S&P GSCI Commodity-Indexed Trust (the 'Trust') seeks to track the results of a fully collateralized investment in futures contracts on an index composed of a diversified group of commodities futures.

The S&P GSCI Climate Aware is designed to measure the performance of a climate-transition strategy applied to the constituents of the S&P GSCI via long-only futures. The index seeks to reduce the environmental footprint of the S&P GSCI, while minimizing weight and sector deviations.

Spot returns only reflect prices levels of futures contracts included in the index. Spot returns are used as a calculation component of the excess returns that add rolling returns and total returns that also include collateral yield.

The calculation is modified to apply certain seasonal rolling rules. The S&P GSCI Agriculture Enhanced Select contains only four commodities -- corn, soybeans, sugar and wheat (Chicago).

The S&P 500 is largely considered an essential benchmark index for the U.S. stock market. Composed of 500 large-cap companies across a breadth of industry sectors, the index captures the pulse of the American corporate economy.

Global index funds tend to have a roughly 60% allocation to US shares. So you don't miss out on US shares by investing in them over the S&P 500 – You just get less exposure. For example, if you invested $100 in a S&P 500 index fund, $100 will go towards US shares.

The S&P 500 ESG Index provides improved sustainability representation and has historically maintained a risk/return profile similar to that of the S&P 500.

The S&P GSCI Total Return Index in USD is widely recognized as the leading measure of general commodity price movements and inflation in the world economy. Index is calculated primarily on a world production weighted basis, comprised of the principal physical commodities futures contracts.