FDIQ vs GSIB

FDIQCInvesco Bloomberg Financial Data Providers ETF

GSIBBThemes Global Systemically Important Banks ETF

In short

FDIQ Most financials ETFs buy lenders. FDIQ buys the companies that sell finance its data, a rules-based basket of roughly 30 financial data providers drawn from a Bloomberg index. Picks and shovels, not balance sheets.

GSIB Most 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

FDIQ The Fund seeks to track, before fees and expenses, the investment results of the Bloomberg Financial Data Providers Index. It generally invests at least 90% of its total assets in securities comprising that index.

GSIB 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

• FDIQ A different door into financials: the data and information side rather than deposits and loan books, with at least 90% of assets in its Bloomberg index's constituents.
• 0.35% expense ratio, right at the middle of its financials-and-banks peer group, so the niche exposure carries no novelty surcharge.
• Concentrated on purpose: roughly 30 developed-market names, so the theme isn't diluted by hundreds of side bets.
• On the market since 2011 and pays quarterly, so it has a real operating history rather than a launch-week story.

• GSIB 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

• FDIQ Thinly traded next to the big bank funds like KRE and KBWB, which can mean wider bid-ask spreads and more attention paid to order type.
• A 30-stock slice of financials can move a long way from the broad sector, in either direction, and the data theme is the whole bet.
• Assets are modest compared with the household-name bank ETFs, which is worth knowing on any specialist index.

• GSIB 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.

Full FDIQ profile⁠

Full GSIB profile⁠