AAS.L vs. GSIB

Last updated Apr 1, 2026

Compare and contrast key facts about Abrdn Asia Focus plc (AAS.L) and Themes Global Systemically Important Banks ETF (GSIB).

GSIB is an actively managed fund by Themes. It was launched on Dec 14, 2023.

Performance

AAS.L vs. GSIB - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Abrdn Asia Focus plc (AAS.L) and Themes Global Systemically Important Banks ETF (GSIB). The values are adjusted to include any dividend payments, if applicable.

AAS.L vs. GSIB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AAS.L Abrdn Asia Focus plc	2.05%	26.73%	12.51%	3.50%
GSIB Themes Global Systemically Important Banks ETF	-1.31%	50.15%	35.18%	1.92%

Different Trading Currencies

AAS.L is traded in GBp, while GSIB is traded in USD. To make them comparable, the GSIB values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, AAS.L achieves a 2.05% return, which is significantly higher than GSIB's -1.31% return.

AAS.L

• 1D: -0.80%
• 1M: -12.74%
• YTD: 2.05%
• 6M: 3.35%
• 1Y: 30.39%
• 3Y*: 15.75%
• 5Y*: 10.39%
• 10Y*: 11.26%

GSIB

• 1D: 3.71%
• 1M: -3.09%
• YTD: -1.31%
• 6M: 9.55%
• 1Y: 33.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

AAS.L vs. GSIB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAS.L

AAS.L Risk / Return Rank: 84
AAS.L Sharpe Ratio Rank: 88
AAS.L Sortino Ratio Rank: 84
AAS.L Omega Ratio Rank: 84
AAS.L Calmar Ratio Rank: 80
AAS.L Martin Ratio Rank: 85

GSIB

GSIB Risk / Return Rank: 86
GSIB Sharpe Ratio Rank: 88
GSIB Sortino Ratio Rank: 88
GSIB Omega Ratio Rank: 86
GSIB Calmar Ratio Rank: 86
GSIB Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AAS.L vs. GSIB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Abrdn Asia Focus plc (AAS.L) and Themes Global Systemically Important Banks ETF (GSIB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AAS.L	GSIB	Difference
Sharpe ratio Return per unit of total volatility	1.75	1.70	+0.06
Sortino ratio Return per unit of downside risk	2.28	2.27	0.00
Omega ratio Gain probability vs. loss probability	1.32	1.33	-0.01
Calmar ratio Return relative to maximum drawdown	2.27	2.50	-0.23
Martin ratio Return relative to average drawdown	7.71	8.87	-1.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AAS.L vs. GSIB - Sharpe Ratio Comparison

The current AAS.L Sharpe Ratio is 1.75, which is comparable to the GSIB Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of AAS.L and GSIB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AAS.L	GSIB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.75	1.70	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	2.13	-1.63

Correlation

The correlation between AAS.L and GSIB is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

AAS.L vs. GSIB - Dividend Comparison

AAS.L's dividend yield for the trailing twelve months is around 1.74%, less than GSIB's 1.97% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAS.L Abrdn Asia Focus plc	1.74%	1.77%	1.98%	2.65%	4.34%	0.00%	1.63%	1.77%	1.68%	1.52%	1.11%	2.04%
GSIB Themes Global Systemically Important Banks ETF	1.97%	1.91%	1.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

AAS.L vs. GSIB - Drawdown Comparison

The maximum AAS.L drawdown since its inception was -72.60%, which is greater than GSIB's maximum drawdown of -16.58%. Use the drawdown chart below to compare losses from any high point for AAS.L and GSIB.

Drawdown Indicators

	AAS.L	GSIB	Difference
Max Drawdown Largest peak-to-trough decline	-72.60%	-17.71%	-54.89%
Max Drawdown (1Y) Largest decline over 1 year	-12.97%	-14.59%	+1.62%
Max Drawdown (5Y) Largest decline over 5 years	-22.59%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.07%	—	—
Current Drawdown Current decline from peak	-12.74%	-9.87%	-2.87%
Average Drawdown Average peak-to-trough decline	-10.74%	-2.06%	-8.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.83%	4.25%	-0.42%

Volatility

AAS.L vs. GSIB - Volatility Comparison

Abrdn Asia Focus plc (AAS.L) has a higher volatility of 7.64% compared to Themes Global Systemically Important Banks ETF (GSIB) at 6.76%. This indicates that AAS.L's price experiences larger fluctuations and is considered to be riskier than GSIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAS.L	GSIB	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.64%	6.76%	+0.88%
Volatility (6M) Calculated over the trailing 6-month period	12.99%	12.33%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	17.30%	20.03%	-2.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.74%	17.40%	+1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.31%	17.40%	+0.91%