GSP

iPath S&P GSCI Total Return Index ETN
F

87
*Unless otherwise stated, data provided by FactSet.

GSP Fund Description

GSP tracks a broad index of commodities futures contracts weighted according to global production.

GSP Factset Analytics Insight

GSP is the best of three ETPs on the market that track the S&P GSCI. Of course, that doesn't necessarily mean it's the best broad-based commodities product: Like the GSCI, it uses front-month futures contracts for exposure to its target commodities, making it especially sensitive to the forces of contango. Also like the GSCI, it has heavy exposure to energy (over 70%), and WTI crude and Brent crude oil in particular (almost 50%). However, if a plain-vanilla, production-weighted index of commodities is what you're looking for, it's hard to beat GSP. The only dark mark here is liquidity: Unlike some of its brethren that trade many millions of dollars on most days, GSP has a median daily volume of about $2M, with fairly wide spreads.

GSP CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 08/15/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
GSP -9.79% -9.69% 7.13% -14.71% 1.39% -15.01% -7.21%
GSP (NAV) -9.74% -11.35% 6.74% -13.30% 0.30% -15.36% -7.27%
S&P GSCI -8.06% -9.34% 5.97% -10.56% 1.00% -13.17% -7.27%
S&P GSCI -8.06% -9.34% 5.97% -10.56% 1.00% -13.17% -5.74%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

GSP Summary Data

iPath
06/06/06
Exchange-Traded Note
0.75%
$28.25M
$235.05K
0.20%

GSP Portfolio Data

Futures
Front Month
Annually
0

GSP Index Data

S&P GSCI
Production
Liquidity
S&P GSCI

GSP Portfolio Management

0.75%
-1.49%
4.92%
-3.60%

GSP Tax Exposures

20.00% / 39.60%
--
No

GSP Fund Structure

Exchange-Traded Note
No
N/A
Barclays Bank PLC
Low
High
None
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

GSP Factset Analytics Block Liquidity

As of 08/16/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of GSP. GSP is rated a 5 out of 5.

GSP Tradability

16,357
$235.05K
10,617
$151.63K
0.20%
$0.03
-0.02%
1.67% / -1.17%
None
100.00%
30,000
0.35
0.00%
--
--
$13.75
5

GSP SECTOR BREAKDOWN


GSP
Segment Benchmark
55.47%
55.47%
19.22%
19.22%
10.49%
10.49%
9.67%
9.67%
5.16%
5.16%

GSP Tenor Strategy

GSP invests solely in front-month futures contracts. This means that the fund will be particularly sensitive to changes in spot prices, but may be priced higher or lower than spot, sometimes dramatically.

GSP Rolling Strategy

GSP rolls contracts over an annually pre-determined 5 day period each month.

GSP Performance Statistics

1.00
1.20
1.07
1.09
0.00%