<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
<!--Generated by ThunderDome XBRL - 09:57PM UTC 2026-11-04--><xsd:schema xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:country="http://xbrl.sec.gov/country/2026" xmlns:currency="http://xbrl.sec.gov/currency/2026" xmlns:dei="http://xbrl.sec.gov/dei/2026" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2020-01-21" xmlns:ecd="http://xbrl.sec.gov/ecd/2026" xmlns:enum2="http://xbrl.org/2020/extensible-enumerations-2.0" xmlns:exch="http://xbrl.sec.gov/exch/2026" xmlns:gsg="http://us.ishares.com/20260930" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:naics="http://xbrl.sec.gov/naics/2026" xmlns:sic="http://xbrl.sec.gov/sic/2026" xmlns:srt="http://fasb.org/srt/2026" xmlns:srt-types="http://fasb.org/srt-types/2026" xmlns:stpr="http://xbrl.sec.gov/stpr/2026" xmlns:us-gaap="http://fasb.org/us-gaap/2026" xmlns:us-types="http://fasb.org/us-types/2026" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xlink="http://www.w3.org/1999/xlink" attributeFormDefault="unqualified" elementFormDefault="qualified" targetNamespace="http://us.ishares.com/20260930">
  <xsd:import namespace="http://fasb.org/srt/2026" schemaLocation="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd"/>
  <xsd:import namespace="http://xbrl.sec.gov/ecd/2026" schemaLocation="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd"/>
  <xsd:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
  <xsd:import namespace="http://xbrl.sec.gov/dei/2026" schemaLocation="https://xbrl.sec.gov/dei/2026/dei-2026.xsd"/>
  <xsd:import namespace="http://xbrl.sec.gov/exch/2026" schemaLocation="https://xbrl.sec.gov/exch/2026/exch-2026.xsd"/>
  <xsd:import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd"/>
  <xsd:import namespace="http://xbrl.sec.gov/currency/2026" schemaLocation="https://xbrl.sec.gov/currency/2026/currency-2026.xsd"/>
  <xsd:import namespace="http://xbrl.sec.gov/country/2026" schemaLocation="https://xbrl.sec.gov/country/2026/country-2026.xsd"/>
  <xsd:import namespace="http://xbrl.sec.gov/naics/2026" schemaLocation="https://xbrl.sec.gov/naics/2026/naics-2026.xsd"/>
  <xsd:import namespace="http://www.xbrl.org/dtr/type/2020-01-21" schemaLocation="https://www.xbrl.org/dtr/type/2020-01-21/types.xsd"/>
  <xsd:import namespace="http://xbrl.org/2020/extensible-enumerations-2.0" schemaLocation="https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd"/>
  <xsd:import namespace="http://xbrl.sec.gov/stpr/2026" schemaLocation="https://xbrl.sec.gov/stpr/2026/stpr-2026.xsd"/>
  <xsd:import namespace="http://xbrl.sec.gov/sic/2026" schemaLocation="https://xbrl.sec.gov/sic/2026/sic-2026.xsd"/>
  <xsd:import namespace="http://fasb.org/us-types/2026" schemaLocation="https://xbrl.fasb.org/us-gaap/2026/elts/us-types-2026.xsd"/>
  <xsd:import namespace="http://www.xbrl.org/2009/role/negated" schemaLocation="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd"/>
  <xsd:import namespace="http://fasb.org/srt-types/2026" schemaLocation="https://xbrl.fasb.org/srt/2026/elts/srt-types-2026.xsd"/>
  <xsd:import namespace="http://fasb.org/us-gaap/2026" schemaLocation="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd"/>
  <xsd:annotation>
    <xsd:appinfo>
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="gsg-20260930_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="gsg-20260930_cal.xml" xlink:role="http://www.xbrl.org/2003/role/calculationLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="gsg-20260930_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="gsg-20260930_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:type="simple"/>
      <link:roleType id="statement-document-and-entity-information" roleURI="http://us.ishares.com/20260930/role/statement-document-and-entity-information">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">000 - Document - Document And Entity Information</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-statements-of-assets-and-liabilities-unaudited" roleURI="http://us.ishares.com/20260930/role/statement-statements-of-assets-and-liabilities-unaudited">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">001 - Statement - Statements of Assets and Liabilities (Unaudited)</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-statements-of-assets-and-liabilities-unaudited-parentheticals" roleURI="http://us.ishares.com/20260930/role/statement-statements-of-assets-and-liabilities-unaudited-parentheticals">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">002 - Statement - Statements of Assets and Liabilities (Unaudited) (Parentheticals)</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-statements-of-operations-unaudited" roleURI="http://us.ishares.com/20260930/role/statement-statements-of-operations-unaudited">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">003 - Statement - Statements of Operations (Unaudited)</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-statements-of-changes-in-net-assets-unaudited" roleURI="http://us.ishares.com/20260930/role/statement-statements-of-changes-in-net-assets-unaudited">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">004 - Statement - Statements of Changes in Net Assets (Unaudited)</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-statements-of-cash-flows-unaudited" roleURI="http://us.ishares.com/20260930/role/statement-statements-of-cash-flows-unaudited">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">005 - Statement - Statements of Cash Flows (Unaudited)</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-schedules-of-investments-unaudited" roleURI="http://us.ishares.com/20260930/role/statement-schedules-of-investments-unaudited">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">006 - Disclosure - Schedules of Investments (Unaudited)</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-note-1-organization" roleURI="http://us.ishares.com/20260930/role/statement-note-1-organization">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">007 - Disclosure - Note 1 - Organization</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-note-2-significant-accounting-policies" roleURI="http://us.ishares.com/20260930/role/statement-note-2-significant-accounting-policies">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">008 - Disclosure - Note 2 - Significant Accounting Policies</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-note-3-offering-of-the-shares" roleURI="http://us.ishares.com/20260930/role/statement-note-3-offering-of-the-shares">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">009 - Disclosure - Note 3 - Offering of the Shares</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-note-4-trust-expenses" roleURI="http://us.ishares.com/20260930/role/statement-note-4-trust-expenses">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">010 - Disclosure - Note 4 - Trust Expenses</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-note-5-related-parties" roleURI="http://us.ishares.com/20260930/role/statement-note-5-related-parties">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">011 - Disclosure - Note 5 - Related Parties</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-note-6-indemnification" roleURI="http://us.ishares.com/20260930/role/statement-note-6-indemnification">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">012 - Disclosure - Note 6 - Indemnification</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-note-7-commitments-and-contingent-liabilities" roleURI="http://us.ishares.com/20260930/role/statement-note-7-commitments-and-contingent-liabilities">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">013 - Disclosure - Note 7 - Commitments and Contingent Liabilities</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-note-8-financial-highlights" roleURI="http://us.ishares.com/20260930/role/statement-note-8-financial-highlights">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">014 - Disclosure - Note 8 - Financial Highlights</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-note-9-investing-in-index-futures" roleURI="http://us.ishares.com/20260930/role/statement-note-9-investing-in-index-futures">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">015 - Disclosure - Note 9 - Investing in Index Futures</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-note-10-investment-valuation" roleURI="http://us.ishares.com/20260930/role/statement-note-10-investment-valuation">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">016 - Disclosure - Note 10 - Investment Valuation</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-significant-accounting-policies-policies" roleURI="http://us.ishares.com/20260930/role/statement-significant-accounting-policies-policies">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">995463 - Disclosure - Significant Accounting Policies (Policies)</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-schedules-of-investments-unaudited-tables" roleURI="http://us.ishares.com/20260930/role/statement-schedules-of-investments-unaudited-tables">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">995464 - Disclosure - Schedules of Investments (Unaudited) (Tables)</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-note-8-financial-highlights-tables" roleURI="http://us.ishares.com/20260930/role/statement-note-8-financial-highlights-tables">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">995465 - Disclosure - Note 8 - Financial Highlights (Tables)</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-note-9-investing-in-index-futures-tables" roleURI="http://us.ishares.com/20260930/role/statement-note-9-investing-in-index-futures-tables">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">995466 - Disclosure - Note 9 - Investing in Index Futures (Tables)</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-note-10-investment-valuation-tables" roleURI="http://us.ishares.com/20260930/role/statement-note-10-investment-valuation-tables">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">995467 - Disclosure - Note 10 - Investment Valuation (Tables)</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-schedules-of-investments-unaudited-investments-details" roleURI="http://us.ishares.com/20260930/role/statement-schedules-of-investments-unaudited-investments-details">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">995468 - Disclosure - Schedules of Investments (Unaudited) - Investments (Details)</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-schedules-of-investments-unaudited-investments-details-parentheticals" roleURI="http://us.ishares.com/20260930/role/statement-schedules-of-investments-unaudited-investments-details-parentheticals">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">995469 - Disclosure - Schedules of Investments (Unaudited) - Investments (Details) (Parentheticals)</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-schedules-of-investments-unaudited-open-sp-gsci-er-index-futures-contracts-details" roleURI="http://us.ishares.com/20260930/role/statement-schedules-of-investments-unaudited-open-sp-gsci-er-index-futures-contracts-details">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">995470 - Disclosure - Schedules of Investments (Unaudited) - Open S&amp;P GSCI ER Index Futures Contracts (Details)</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-schedules-of-investments-unaudited-open-sp-gsci-er-index-futures-contracts-details-parentheticals" roleURI="http://us.ishares.com/20260930/role/statement-schedules-of-investments-unaudited-open-sp-gsci-er-index-futures-contracts-details-parentheticals">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">995471 - Disclosure - Schedules of Investments (Unaudited) - Open S&amp;P GSCI ER Index Futures Contracts (Details) (Parentheticals)</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-note-2-significant-accounting-policies-details-textual" roleURI="http://us.ishares.com/20260930/role/statement-note-2-significant-accounting-policies-details-textual">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">995472 - Disclosure - Note 2 - Significant Accounting Policies (Details Textual)</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-note-3-offering-of-the-shares-details-textual" roleURI="http://us.ishares.com/20260930/role/statement-note-3-offering-of-the-shares-details-textual">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">995473 - Disclosure - Note 3 - Offering of the Shares (Details Textual)</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-note-4-trust-expenses-details-textual" roleURI="http://us.ishares.com/20260930/role/statement-note-4-trust-expenses-details-textual">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">995474 - Disclosure - Note 4 - Trust Expenses (Details Textual)</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-note-8-financial-highlights-net-asset-value-and-financial-highlights-details" roleURI="http://us.ishares.com/20260930/role/statement-note-8-financial-highlights-net-asset-value-and-financial-highlights-details">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">995475 - Disclosure - Note 8 - Financial Highlights - Net Asset Value and Financial Highlights (Details)</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-note-9-investing-in-index-futures-details-textual" roleURI="http://us.ishares.com/20260930/role/statement-note-9-investing-in-index-futures-details-textual">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">995476 - Disclosure - Note 9 - Investing in Index Futures (Details Textual)</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-note-9-investing-in-index-futures-effect-of-the-futures-contracts-by-risk-exposure-category-on-the-statements-of-financial-condition-details" roleURI="http://us.ishares.com/20260930/role/statement-note-9-investing-in-index-futures-effect-of-the-futures-contracts-by-risk-exposure-category-on-the-statements-of-financial-condition-details">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">995477 - Disclosure - Note 9 - Investing in Index Futures - Effect of the Futures Contracts, by Risk Exposure Category, on the Statements of Financial Condition (Details)</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-note-9-investing-in-index-futures-effect-of-the-futures-contracts-by-risk-exposure-category-on-the-statements-of-operations-details" roleURI="http://us.ishares.com/20260930/role/statement-note-9-investing-in-index-futures-effect-of-the-futures-contracts-by-risk-exposure-category-on-the-statements-of-operations-details">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">995478 - Disclosure - Note 9 - Investing in Index Futures - Effect of the Futures Contracts, by Risk Exposure Category, on the Statements of Operations (Details)</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
      <link:roleType id="statement-note-10-investment-valuation-valuation-of-the-trusts-investments-by-the-fair-value-hierarchy-details" roleURI="http://us.ishares.com/20260930/role/statement-note-10-investment-valuation-valuation-of-the-trusts-investments-by-the-fair-value-hierarchy-details">
        <link:definition xmlns="http://www.xbrl.org/2003/linkbase">995479 - Disclosure - Note 10 - Investment Valuation - Valuation of the Trust's Investments by the Fair Value Hierarchy (Details)</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
      </link:roleType>
    </xsd:appinfo>
  </xsd:annotation>
  <xsd:element id="gsg_AverageMonthEndNotionalAmountOfDerivativeContracts" name="AverageMonthEndNotionalAmountOfDerivativeContracts" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
  <xsd:element id="gsg_CalculationOfNetAssetValuePolicyTextBlock" name="CalculationOfNetAssetValuePolicyTextBlock" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_DocumentAndEntityInformation" name="DocumentAndEntityInformation" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element id="gsg_EffectiveYieldRate" name="EffectiveYieldRate" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:percentItemType" xbrli:periodType="instant"/>
  <xsd:element id="gsg_ExpensesTextBlock" name="ExpensesTextBlock" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_FuturesMember" name="FuturesMember" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element id="gsg_IncreaseDecreaseInNetAssets" name="IncreaseDecreaseInNetAssets" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:periodType="duration"/>
  <xsd:element id="gsg_IncreaseDecreaseInPayableForVariationMarginOnOpenFuturesContracts" name="IncreaseDecreaseInPayableForVariationMarginOnOpenFuturesContracts" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
  <xsd:element id="gsg_IndemnificationTextBlock" name="IndemnificationTextBlock" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType" xbrli:periodType="duration"/>
  <xsd:element id="gsg_LegalFeesPerYearMaximum" name="LegalFeesPerYearMaximum" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
  <xsd:element id="gsg_NetAssetsPercentageOfNetAssets" name="NetAssetsPercentageOfNetAssets" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:percentItemType" xbrli:periodType="instant"/>
  <xsd:element abstract="true" id="gsg_NoteToFinancialStatementDetailsTextual" name="NoteToFinancialStatementDetailsTextual" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_NotesToFinancialStatements" name="NotesToFinancialStatements" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_NotesToFinancialStatementsAbstract" name="NotesToFinancialStatementsAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_OperationsAbstract" name="OperationsAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_PolicyTable" name="PolicyTable" nillable="true" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element id="gsg_Redemptions" name="Redemptions" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
  <xsd:element id="gsg_SecuritiesTransactionsIncomeAndExpenseRecognitionPolicyTextBlock" name="SecuritiesTransactionsIncomeAndExpenseRecognitionPolicyTextBlock" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_SharesIssuedAndRedeemedAbstract" name="SharesIssuedAndRedeemedAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element id="gsg_SharesOfStockClassifedAsTemporaryEquitySurrenderedDuringReportingPeriod" name="SharesOfStockClassifedAsTemporaryEquitySurrenderedDuringReportingPeriod" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration"/>
  <xsd:element id="gsg_SharesPrescribedAggregation" name="SharesPrescribedAggregation" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="instant"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills357395Due11526Member" name="UnitedStatesTreasuryBills357395Due11526Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills358386Due12226Member" name="UnitedStatesTreasuryBills358386Due12226Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills360Due40726Member" name="UnitedStatesTreasuryBills360Due40726Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills361386Due12926Member" name="UnitedStatesTreasuryBills361386Due12926Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills361Due31926Member" name="UnitedStatesTreasuryBills361Due31926Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills363389Due21226Member" name="UnitedStatesTreasuryBills363389Due21226Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills364367Due21026Member" name="UnitedStatesTreasuryBills364367Due21026Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills366Due31226Member" name="UnitedStatesTreasuryBills366Due31226Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills369371Due30526Member" name="UnitedStatesTreasuryBills369371Due30526Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills369382Due31026Member" name="UnitedStatesTreasuryBills369382Due31026Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills370Due32426Member" name="UnitedStatesTreasuryBills370Due32426Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills371376Due100626Member" name="UnitedStatesTreasuryBills371376Due100626Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills371379Due101326Member" name="UnitedStatesTreasuryBills371379Due101326Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills372384Due102026Member" name="UnitedStatesTreasuryBills372384Due102026Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills374Due31726Member" name="UnitedStatesTreasuryBills374Due31726Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills375376Due101526Member" name="UnitedStatesTreasuryBills375376Due101526Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills375379Due100826Member" name="UnitedStatesTreasuryBills375379Due100826Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills375381Due22626Member" name="UnitedStatesTreasuryBills375381Due22626Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills377379Due111926Member" name="UnitedStatesTreasuryBills377379Due111926Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills378399Due112726Member" name="UnitedStatesTreasuryBills378399Due112726Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills379381Due102726Member" name="UnitedStatesTreasuryBills379381Due102726Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills379382Due110526Member" name="UnitedStatesTreasuryBills379382Due110526Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills379Due111226Member" name="UnitedStatesTreasuryBills379Due111226Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills379Due21726Member" name="UnitedStatesTreasuryBills379Due21726Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills380381Due110326Member" name="UnitedStatesTreasuryBills380381Due110326Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills381Due22426Member" name="UnitedStatesTreasuryBills381Due22426Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills382Due21926Member" name="UnitedStatesTreasuryBills382Due21926Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills383Due120326Member" name="UnitedStatesTreasuryBills383Due120326Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills386389Due12726Member" name="UnitedStatesTreasuryBills386389Due12726Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills387Due102226Member" name="UnitedStatesTreasuryBills387Due102226Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills387Due20526Member" name="UnitedStatesTreasuryBills387Due20526Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills388394Due10826Member" name="UnitedStatesTreasuryBills388394Due10826Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills389394Due12026Member" name="UnitedStatesTreasuryBills389394Due12026Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills391392Due11326Member" name="UnitedStatesTreasuryBills391392Due11326Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills392394Due10226Member" name="UnitedStatesTreasuryBills392394Due10226Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills392Due10626Member" name="UnitedStatesTreasuryBills392Due10626Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills393409Due121026Member" name="UnitedStatesTreasuryBills393409Due121026Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills393Due111026Member" name="UnitedStatesTreasuryBills393Due111026Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills399401Due111726Member" name="UnitedStatesTreasuryBills399401Due111726Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills401414Due10527Member" name="UnitedStatesTreasuryBills401414Due10527Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills406Due121726Member" name="UnitedStatesTreasuryBills406Due121726Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills410Due122426Member" name="UnitedStatesTreasuryBills410Due122426Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills418Due11927Member" name="UnitedStatesTreasuryBills418Due11927Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_UnitedStatesTreasuryBills425Due12627Member" name="UnitedStatesTreasuryBills425Due12627Member" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
  <xsd:element id="gsg_ValueOfStockClassifiedAsTemporaryEquitySurrenderedDuringReportingPeriod" name="ValueOfStockClassifiedAsTemporaryEquitySurrenderedDuringReportingPeriod" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_statement-statement-note-10-investment-valuation-tables" name="statement-statement-note-10-investment-valuation-tables" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_statement-statement-note-10-investment-valuation-valuation-of-the-trusts-investments-by-the-fair-value-hierarchy-details" name="statement-statement-note-10-investment-valuation-valuation-of-the-trusts-investments-by-the-fair-value-hierarchy-details" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_statement-statement-note-8-financial-highlights-net-asset-value-and-financial-highlights-details" name="statement-statement-note-8-financial-highlights-net-asset-value-and-financial-highlights-details" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_statement-statement-note-8-financial-highlights-tables" name="statement-statement-note-8-financial-highlights-tables" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_statement-statement-note-9-investing-in-index-futures-effect-of-the-futures-contracts-by-risk-exposure-category-on-the-statements-of-financial-condition-details" name="statement-statement-note-9-investing-in-index-futures-effect-of-the-futures-contracts-by-risk-exposure-category-on-the-statements-of-financial-condition-details" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_statement-statement-note-9-investing-in-index-futures-effect-of-the-futures-contracts-by-risk-exposure-category-on-the-statements-of-operations-details" name="statement-statement-note-9-investing-in-index-futures-effect-of-the-futures-contracts-by-risk-exposure-category-on-the-statements-of-operations-details" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_statement-statement-note-9-investing-in-index-futures-tables" name="statement-statement-note-9-investing-in-index-futures-tables" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_statement-statement-schedules-of-investments-unaudited-investments-details" name="statement-statement-schedules-of-investments-unaudited-investments-details" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_statement-statement-schedules-of-investments-unaudited-investments-details-parentheticals" name="statement-statement-schedules-of-investments-unaudited-investments-details-parentheticals" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_statement-statement-schedules-of-investments-unaudited-open-sp-gsci-er-index-futures-contracts-details" name="statement-statement-schedules-of-investments-unaudited-open-sp-gsci-er-index-futures-contracts-details" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_statement-statement-schedules-of-investments-unaudited-open-sp-gsci-er-index-futures-contracts-details-parentheticals" name="statement-statement-schedules-of-investments-unaudited-open-sp-gsci-er-index-futures-contracts-details-parentheticals" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_statement-statement-schedules-of-investments-unaudited-tables" name="statement-statement-schedules-of-investments-unaudited-tables" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="gsg_statement-statement-significant-accounting-policies-policies" name="statement-statement-significant-accounting-policies-policies" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
</xsd:schema>
