GSIB vs MBND

Comparison between THEMES GLOBAL SYSTEMICALLY IMPORTANT BANKS ETF (GSIB, ETF) and STATE STREET(R) NUVEEN MUNICIPAL BOND ETF (MBND, ETF).

GSIB vs MBND - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GSIB(ETF)	MBND(ETF)
Net Assets	$27M	$28M
Expense Ratio	0.35%	0.40%
Max Drawdown	17.71%	15.51%
Sharpe Ratio	1.96	0.40
5Y Beta	0.89	0.01
P/E Ratio	14.87	N/A
Forward P/E	13.42	N/A
PEG Ratio	0.70	N/A
5Y Dividends CAGR	N/A	51.85%
Debt to Equity	121.05%	N/A
P/S Ratio	0.13	N/A
P/B Ratio	1.71	N/A

Net Assets

GSIB

$27M

Winner

MBND

$28M

Expense Ratio

Winner

GSIB

0.35%

MBND

0.40%

Max Drawdown

GSIB

17.71%

Winner

MBND

15.51%

Sharpe Ratio

Winner

GSIB

1.96

MBND

0.40

5Y Beta

GSIB

0.89

Winner

MBND

0.01

P/E Ratio

GSIB

14.87

MBND

N/A

Forward P/E

GSIB

13.42

MBND

N/A

PEG Ratio

GSIB

0.70

MBND

N/A

5Y Dividends CAGR

GSIB

N/A

MBND

51.85%

Debt to Equity

GSIB

121.05%

MBND

N/A

P/S Ratio

GSIB

0.13

MBND

N/A

P/B Ratio

GSIB

1.71

MBND

N/A

GSIB vs MBND - Historical Returns

Returns include dividend reinvestment.

Period	GSIB	MBND
1 month	+1.85%	-0.62%
3 months	+12.54%	-0.13%
6 months	+17.52%	+0.09%
1 year	+43.68%	+4.79%
5 years(CAGR)	N/A	+0.35%
Max(CAGR)	+44.85%	+0.58%

Winner

GSIB

+1.85%

MBND

-0.62%

Winner

GSIB

+12.54%

MBND

-0.13%

Winner

GSIB

+17.52%

MBND

+0.09%

Winner

GSIB

+43.68%

MBND

+4.79%

5Y(CAGR)

GSIB

N/A

MBND

+0.35%

Max(CAGR)

Winner

GSIB

+44.85%

MBND

+0.58%

GSIB vs MBND - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	GSIB	MBND
2026	+17.19%	+0.49%
2025	+63.83%	+2.79%
2024	+33.32%	+2.86%
2023	+2.35%	+5.48%
2022	N/A	-8.57%
2021	N/A	+0.59%

GSIB vs MBND Drawdown Comparison

The maximum drawdown for GSIB was -17.71%, occurring on Apr 8, 2025. Recovery took 33 trading sessions.

The maximum drawdown for MBND was -13.18%, occurring on Oct 25, 2022. Recovery took 1033 trading sessions.

The current GSIB drawdown is -1.10%. The current MBND drawdown is -1.20%.

Rank	GSIB	MBND
#1	-17.71% Mar 25, 2025 - May 12, 2025	-13.18% Aug 3, 2021 - Sep 15, 2025
#2	-13.90% Feb 9, 2026 - May 6, 2026	-2.44% Feb 27, 2026 - Jun 15, 2026
#3	-9.47% Jul 17, 2024 - Aug 23, 2024	-2.07% Feb 11, 2021 - Jun 4, 2021
#4	-6.91% May 21, 2024 - Jul 15, 2024	-1.20% Jun 15, 2026 - Jul 21, 2026
#5	-5.75% Nov 12, 2025 - Dec 3, 2025	-0.80% Sep 17, 2025 - Oct 15, 2025
#6	-5.47% Sep 19, 2025 - Nov 5, 2025	-0.57% Nov 12, 2025 - Jan 5, 2026
#7	-5.41% Jan 8, 2024 - Feb 23, 2024	-0.53% Jun 14, 2021 - Jul 8, 2021
#8	-4.89% Apr 8, 2024 - Apr 23, 2024	-0.33% Oct 27, 2025 - Nov 12, 2025
#9	-4.60% Aug 27, 2024 - Sep 24, 2024	-0.24% Jan 16, 2026 - Jan 30, 2026
#10	-4.37% Mar 5, 2025 - Mar 18, 2025	-0.13% Jul 8, 2021 - Jul 15, 2021
#11	-4.26% Dec 9, 2024 - Jan 15, 2025	-0.10% Jul 20, 2021 - Jul 28, 2021
#12	-3.72% Jul 24, 2025 - Aug 8, 2025	-0.10% Feb 19, 2026 - Feb 24, 2026
#13	-3.27% Sep 26, 2024 - Oct 14, 2024	-0.09% Feb 12, 2026 - Feb 17, 2026
#14	-3.08% Jun 22, 2026 - Jul 6, 2026	-0.08% Jul 28, 2021 - Aug 3, 2021
#15	-2.88% Aug 22, 2025 - Sep 10, 2025	-0.03% Feb 10, 2026 - Feb 12, 2026