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GSIB vs SPY

Comparison between THEMES GLOBAL SYSTEMICALLY IMPORTANT BANKS ETF (GSIB, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

GSIB vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
GSIB
$26M
Winner
SPY
$735B
Expense Ratio
GSIB
0.35%
Winner
SPY
0.09%
Max Drawdown
Winner
GSIB
17.71%
SPY
56.47%
Sharpe Ratio
Winner
GSIB
1.95
SPY
1.62
5Y Beta
Winner
GSIB
0.89
SPY
1.00
P/E Ratio
Winner
GSIB
13.50
SPY
28.99
Forward P/E
Winner
GSIB
12.64
SPY
22.37
PEG Ratio
GSIB
0.62
SPY
N/A
5Y Dividends CAGR
GSIB
N/A
SPY
5.43%
5Y EPS CAGR
GSIB
15.71%
Winner
SPY
26.05%
Debt to Equity
GSIB
133.29%
Winner
SPY
32.40%
P/S Ratio
Winner
GSIB
0.12
SPY
3.74
P/B Ratio
Winner
GSIB
1.58
SPY
5.61

GSIB vs SPY - Holdings Comparison

GSIB and SPY have 9 common holdings. Overlap is 3.17%

GSIB's top 25 holdings weight is 90.54%. SPY's top 25 holdings weight is 52.37%.

RankGSIBSPY
#1
STATE STREET CORP (STT) - 4.10%
NVIDIA CORP (NVDA) - 8.10%
#2
STANDARD CHARTERED PLC ADR (SCBFY) - 4.02%
APPLE INC (AAPL) - 7.02%
#3
UBS GROUP AG REGISTERED SHARES (n/a) - 3.98%
MICROSOFT CORP (MSFT) - 4.79%
#4
MORGAN STANLEY (MS) - 3.89%
AMAZON.COM INC (AMZN) - 4.02%
#5
BANK OF NEW YORK MELLON CORP (BNY) - 3.83%
ALPHABET INC CLASS A (GOOGL) - 3.51%
#6
THE GOLDMAN SACHS GROUP INC (GS) - 3.75%
BROADCOM INC (AVGO) - 3.10%
#7
THE TORONTO-DOMINION BANK (n/a) - 3.74%
ALPHABET INC CLASS C (GOOG) - 2.79%
#8
ROYAL BANK OF CANADA (RY) - 3.72%
META PLATFORMS INC CLASS A (META) - 2.08%
#9
ING GROEP NV ADR (ING) - 3.66%
TESLA INC (TSLA) - 1.89%
#10
HSBC HOLDINGS PLC ADR (HSBC) - 3.64%
MICRON TECHNOLOGY INC (MU) - 1.56%
#11
MITSUBISHI UFJ FINANCIAL GROUP INC ADR (MUFG) - 3.64%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37%
#12
AGRICULTURAL BANK OF CHINA LTD CLASS H (n/a) - 3.62%
ELI LILLY AND CO (LLY) - 1.31%
#13
SUMITOMO MITSUI FINANCIAL GROUP INC ADR (SMFG) - 3.60%
JPMORGAN CHASE & CO (JPM) - 1.28%
#14
CITIGROUP INC (C) - 3.57%
ADVANCED MICRO DEVICES INC (AMD) - 1.27%
#15
BARCLAYS PLC ADR (BCS) - 3.56%
EXXON MOBIL CORP (XOM) - 0.97%
#16
BANK OF CHINA LTD CLASS H (n/a) - 3.55%
INTEL CORP (INTC) - 0.90%
#17
BANCO SANTANDER SA ADR (SAN) - 3.48%
JOHNSON & JOHNSON (JNJ) - 0.86%
#18
MIZUHO FINANCIAL GROUP INC ADR (MFG) - 3.47%
VISA INC CLASS A (V) - 0.85%
#19
BANK OF AMERICA CORP (BAC) - 3.45%
WALMART INC (WMT) - 0.81%
#20
CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 3.45%
CISCO SYSTEMS INC (CSCO) - 0.72%
#21
DEUTSCHE BANK AG (n/a) - 3.41%
COSTCO WHOLESALE CORP (COST) - 0.69%
#22
BNP PARIBAS ADR (BNPQY) - 3.37%
CATERPILLAR INC (CAT) - 0.66%
#23
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD ADR (IDCBY) - 3.36%
MASTERCARD INC CLASS A (MA) - 0.62%
#24
BANK OF COMMUNICATIONS CO LTD CLASS H (n/a) - 3.34%
LAM RESEARCH CORP (LRCX) - 0.62%
#25
JPMORGAN CHASE & CO (JPM) - 3.34%
ABBVIE INC (ABBV) - 0.58%
Total Holdings32505

GSIB vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
Winner
GSIB
+5.16%
SPY
+1.90%
3M
Winner
GSIB
+13.49%
SPY
+8.55%
6M
Winner
GSIB
+14.80%
SPY
+8.18%
1Y
Winner
GSIB
+42.42%
SPY
+25.79%
5Y(CAGR)
GSIB
N/A
SPY
+13.32%
10Y(CAGR)
GSIB
N/A
SPY
+15.19%
Max(CAGR)
Winner
GSIB
+42.92%
SPY
+8.47%

GSIB vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearGSIBSPY
2026+8.21%+8.26%
2025+63.83%+18.00%
2024+33.32%+25.59%
2023+2.35%+26.72%
2022N/A-18.64%
2021N/A+30.52%
2020N/A+17.28%
2019N/A+31.09%
2018N/A-5.24%
2017N/A+20.78%
2016N/A+13.59%
2015N/A+1.31%
2014N/A+14.56%
2013N/A+29.00%
2012N/A+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

GSIB vs SPY Drawdown Comparison

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

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current GSIB drawdown is -1.46%. The current SPY drawdown is -2.90%.

RankGSIBSPY
#1-17.71%
Mar 25, 2025 - May 12, 2025		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-13.90%
Feb 9, 2026 - May 6, 2026		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-9.47%
Jul 17, 2024 - Aug 23, 2024		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-6.91%
May 21, 2024 - Jul 15, 2024		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-5.75%
Nov 12, 2025 - Dec 3, 2025		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-5.47%
Sep 19, 2025 - Nov 5, 2025		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-5.41%
Jan 8, 2024 - Feb 23, 2024		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-4.89%
Apr 8, 2024 - Apr 23, 2024		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-4.60%
Aug 27, 2024 - Sep 24, 2024		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-4.37%
Mar 5, 2025 - Mar 18, 2025		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-4.26%
Dec 9, 2024 - Jan 15, 2025		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-3.72%
Jul 24, 2025 - Aug 8, 2025		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-3.27%
Sep 26, 2024 - Oct 14, 2024		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-2.88%
Aug 22, 2025 - Sep 10, 2025		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-2.46%
Oct 18, 2024 - Nov 5, 2024		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between GSIB and SPY is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97
-101

Dividend Comparison (1999 - 2026)

GSIB vs SPY dividend yield comparison.

YearGSIBSPY
20260.00%0.24%
20251.91%1.07%
20241.67%1.21%
20230.00%1.40%
20220.00%1.65%
20210.00%1.20%
20200.00%1.52%
20190.00%1.75%
20180.00%2.04%
20170.00%1.80%
20160.00%2.03%
20150.00%2.06%
20140.00%1.87%
20130.00%1.81%
20120.00%2.18%
20110.00%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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