AAUM vs. GSIB

Last updated Jul 4, 2026

AAUM (Tema Alternative Asset Managers ETF) and GSIB (Themes Global Systemically Important Banks ETF) are both Financials Equities funds. Both are actively managed. A 0.62 correlation means they provide meaningful diversification when combined. AAUM charges 0.75%/yr vs 0.35%/yr for GSIB.

Performance

AAUM vs. GSIB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Alternative Asset Managers ETF (AAUM) and Themes Global Systemically Important Banks ETF (GSIB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAUM achieves a -18.14% return, which is significantly lower than GSIB's 15.12% return.

AAUM

• 1D: 1.47%
• 1M: 1.03%
• 6M: -19.10%
• YTD: -18.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GSIB

• 1D: 0.58%
• 1M: 4.90%
• 6M: 13.22%
• YTD: 15.12%
• 1Y: 39.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AAUM vs. GSIB - Yearly Performance Comparison

	2026 (YTD)	2025
AAUM Tema Alternative Asset Managers ETF	-18.14%	0.10%
GSIB Themes Global Systemically Important Banks ETF	15.12%	11.22%

Correlation

The correlation between AAUM and GSIB is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.62

Return for Risk

AAUM vs. GSIB — Risk / Return Rank

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

AAUM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GSIB

GSIB Risk / Return Rank: 79
GSIB Sharpe Ratio Rank: 88
GSIB Sortino Ratio Rank: 88
GSIB Omega Ratio Rank: 81
GSIB Calmar Ratio Rank: 71
GSIB Martin Ratio Rank: 69

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.

AAUM vs. GSIB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Alternative Asset Managers ETF (AAUM) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AAUM	GSIB	Difference
Sharpe ratio: Return per unit of total volatility	—	2.35	—
Sortino ratio: Return per unit of downside risk	—	3.29	—
Omega ratio: Gain probability vs. loss probability	—	1.39	—
Calmar ratio: Return relative to maximum drawdown	—	2.93	—
Martin ratio: Return relative to average drawdown	—	10.28	—

Drawdowns

AAUM vs. GSIB - Drawdown Comparison

The maximum AAUM drawdown since its inception was -28.24%, which is greater than GSIB's maximum drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for AAUM and GSIB.

Drawdown Indicators

	AAUM	GSIB	Difference
Max Drawdown Largest peak-to-trough decline	-28.24%	-17.71%	-10.53%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.90%	—
Current Drawdown Current decline from peak	-22.65%	-1.60%	-21.05%
Average Drawdown Average peak-to-trough decline	-13.01%	-2.03%	-10.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.96%	—

Volatility

Volatility by Period

	AAUM	GSIB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.68%	17.37%	+10.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.68%	18.40%	+9.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.68%	18.40%	+9.28%

AAUM vs. GSIB - Expense Ratio Comparison

AAUM has a 0.75% expense ratio, which is higher than GSIB's 0.35% expense ratio.

Dividends

AAUM vs. GSIB - Dividend Comparison

AAUM's dividend yield for the trailing twelve months is around 0.92%, less than GSIB's 1.66% yield.

Position	TTM	2025	2024
AAUM Tema Alternative Asset Managers ETF	0.92%	0.75%	0.00%
GSIB Themes Global Systemically Important Banks ETF	1.66%	1.91%	1.67%

Frequently Asked Questions

Can I hold both AAUM and GSIB in my portfolio?

AAUM and GSIB have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AAUM or GSIB?

On fees, GSIB is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AAUM or GSIB?

GSIB is cheaper with a 0.35% expense ratio, compared with 0.75% for AAUM.

Which ETF pays a higher dividend yield, AAUM or GSIB?

GSIB has the higher dividend yield at 1.66%, compared with 0.92% for AAUM.

What is the main difference between AAUM and GSIB?

They also come from different issuers: Tema ETFs and Themes. Their fees differ too: 0.75% for AAUM and 0.35% for GSIB.