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Launched

Themes Global Systemically Important Banks ETF

GSIBNasdaqThemesB

$59.90+0.06 (+0.10%)

At close: Nov 2, 2026, 4:00 PM ET

B57/ 100

Rank 4 of 9 in Banks

B57/100Rank 4 of 9inBanks
Intraday session: up, 79 prints from 59.84 to 59.90. Range 59.90 to 60.31. Use the arrow keys to read each point.60.0060.1060.2060.3010 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$39M
1Y total return
+26.7%
Yield · Last 12 months
1.67%
Holdings
32
Avg volume · 30D
13.6K sh
52W range
low $47.44high $67.77
Launched

The ETF.net GSIB Grade

Based on 5 of 6 pillars

B

Score 57 out of 100

Category
Banks⁠
Rank
4 of 9
Six-pillar profile for GSIB. Scores out of 100: Cost 62, Risk 82, Mission not scored, Tradability 28, Holdings 68, Durability 29. Strongest: Risk (82). Weakest: Tradability (28). Based on 5 of 6 pillars.

Score 57 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B62 out of 100
    Rank 2 of 9

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A82 out of 100
    Rank 1 of 9

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D28 out of 100
    Rank 8 of 9

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B68 out of 100
    Rank 4 of 9

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D29 out of 100
    Rank 9 of 9

Our read on GSIB

ETF.net Research

In short

BMost bank ETFs stop at the US border. GSIB goes after the other kind of bank: the world's systemically important ones, roughly 30 global megabanks in a single actively managed portfolio.

Stated mandate

The Fund seeks growth of capital through an actively managed portfolio of equity securities issued by companies operating in the global banking sector.

Why people hold it

  • The niche is in the name: global systemically important banks, roughly 30 of them, rather than another basket of US regionals.
  • Genuinely global mandate. Most of the bank-ETF field is domestic (KBE, KBWB, KRE) or single-region (PBEU, European banks).
  • 0.35% expense ratio, right at the bank-ETF median, and you get an actively managed global sleeve for it instead of a plain index tracker.
  • Spread across megabanks in several regions, so no single country's banking system runs the whole fund. It grades out in the upper half of its bank-ETF peer group.

Worth knowing

  • Launched in 2023, so the live record is short and the asset base is still small next to the established bank ETFs.
  • Thinly traded for its category. Spreads can widen, and limit orders do the heavy lifting.
  • One sector, roughly 30 names, and distributions land once or twice a year rather than monthly.

GSIB Holdings

Holdings pillarB68 out of 100Rank 4 of 9 in Banks
Asset class
Stocks
Holdings
32
Top-10 weight
39%
Largest holding
1288.HK4.2%

Sectors

  • Financials100.0%

Geography

  • United States28.85%
  • China19.76%
  • Japan10.56%
  • United Kingdom10.21%
  • France9.33%
  • Canada7.83%
  • Switzerland3.60%
  • Germany3.43%
  • Other countries (2)6.43%

Developed 72% · Emerging 28% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
11288.HKAgricultural Bank of China Ltd4.16%1,829,287$1.62M89
2IDCBYIndustrial & Commercial Bank of China Ltd4.07%77,759$1.58M3
30939.HKChina Construction Bank Corp4.06%1,207,039$1.58M113
43328.HKBank of Communications Co Ltd4.03%1,431,254$1.57M79
5TDToronto-Dominion Bank/The3.93%12,294$1.53M32
63988.HKBank of China Ltd3.91%1,945,619$1.52M102
7RYRoyal Bank of Canada3.82%7,334$1.49M31
8JPMJPMorgan Chase & Co.3.68%4,251$1.43M487
9BNYBank of New York Mellon Corp/The3.65%9,664$1.42M387
10WFCWells Fargo & Co3.65%17,031$1.42M377
11GSGoldman Sachs Group Inc/The3.64%1,583$1.42M396
12UBSUBS Group AG3.60%29,406$1.4M25
13MUFGMitsubishi UFJ Financial Group Inc3.54%63,961$1.38M19
14STTState Street Corp3.54%8,110$1.38M364
15SMFGSumitomo Mitsui Financial Group Inc3.51%56,398$1.36M24

Showing 1–15 of 32 holdings

GSIB Performance

Launched Dec 15, 2023

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
GSIB$12,669
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. GSIB $12,669. SPY $11,199. Use the arrow keys to read each point.$10,000$12,000$14,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for GSIB. Periods over one year show the average yearly return.
PeriodGSIB
Year to date+13.9%
1 month−3.9%
3 months−7.2%
1 year+26.7%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GSIB
YearReturn barGSIB
2026 YTD+13.9%
2025+61.7%
2024+32.8%
2023+2.4%

Since listing, Dec 15, 2023

GSIB in the news

GSIB Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.67%Last 12 months
Payout per share
$1.00Last 12 months
Last payment
$1.00 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 24, 2024 $0.55; Dec 18, 2025 $1.00. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 18, 2025Dec 19, 2025$1.00
Dec 24, 2024Dec 26, 2024$0.55

$10,000 in GSIB 1 year ago paid $208 in dividends.

GSIB Risk

Risk pillarA82 out of 100Rank 1 of 9 in Banks
How much the fund’s monthly returns vary, scaled to a year.
13.4%
Annualised · 34 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
2.12
vs 3-month T-bills · 34 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−17.7%
34 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.58
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

GSIB Cost

Compare GSIB and PBEU

Overpaying vs PBEU, cheapest in Banks

$4,400

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GSIB 0.35%

    $7,126

  • PBEU 0.13% Cheapest

    $2,726

$10,000
30 years

Cost over time

  • GSIB 0.35%
  • PBEU 0.13%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530GSIB $7,126PBEU $2,726

Year by year

YearGSIBPBEUOverpaying
10$634$238$396
20$2,454$930$1,524
30$7,126$2,726$4,400

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