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ETFs

Barclays Bank PLC iPath Exchange Traded Notes due 2036 Linked to GSCI Total Return Index

GSP
$--
Today’s Change
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Snapshot
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Inception Date
Jun 06 2006
Expense Ratio
0.70%
Type
Global Commodities & Metals
Fund Owner
Barclays iPath
Volume (1m avg. daily)
$55,481
AUM
$17,958,113
Associated Index
S&P GSCI Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View
Invest with GSP

What is GSP?

The iPath S&P GSCI Total Return Index ETN is linked to the S&P GSCI Total Return Index and provides you with exposure to the returns potentially available through an unleveraged investment in the contracts comprising the S&P GSCI plus the Treasury Bill rate of interest that could be earned on funds committed to the trading of the underlying contracts.

ETFs related toGSP

ETFs correlated to GSP include GSG, COMT, PDBC

GSP
Barclays Bank PLC - iPath S&P GSCI Total Return ETN
GSG
BlackRock Institutional Trust Company N.A. - iShares S&P GSCI Commodity-Indexed Trust
COMT
BlackRock Institutional Trust Company N.A. - iShares GSCI Commodity Dynamic Roll Strategy ETF
PDBC
Invesco Capital Management LLC - Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
DBC
DB Commodity Services LLC - Invesco DB Commodity Index Tracking Fund
UCO
ProShares Trust - ProShares Ultra Bloomberg Crude Oil 2x Shares
OILK
ProShares Trust - ProShares K-1 Free Crude Oil Strategy ETF
USO
United States Commodity Funds LLC - United States Oil Fund
DBO
Invesco DB Multi-Sector Commodity Trust - Invesco DB Oil Fund
BNO
United States Commodity Funds LLC - United States Brent Crude Oil Fund
USOI
Credit Suisse AG Nassau Branch - Credit Suisse X-Links Crude Oil Shares Covered Call ETN

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toGSP

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

Create your own algorithmic trading strategy with GSP using Composer

FAQ

GSP is a Global Commodities & Metals ETF. The iPath S&P GSCI Total Return Index ETN is linked to the S&P GSCI Total Return Index and provides you with exposure to the returns potentially available through an unleveraged investment in the contracts comprising the S&P GSCI plus the Treasury Bill rate of interest that could be earned on funds committed to the trading of the underlying contracts.

GSP tracks the S&P GSCI Index.

No, GSP is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, GSP is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GSP is -0.0043%. This is the percent change in the value of GSP over the most recent 1-month period. The 3-month return on GSP is -0.0226%. This is the percent change in the value of GSP over the most recent 3-month period.

The standard deviation of GSP for the past year is 0.2942%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GSP include GCC, FTGC, and NBCM.

ETFs correlated to GSP include GSG, COMT, and PDBC.

ETFs that are inversely correlated to GSP include SCO, DRIP, and OILD.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.