AAUM vs. GSIB
AAUM (Tema Alternative Asset Managers ETF) and GSIB (Themes Global Systemically Important Banks ETF) are both Financials Equities funds. Both are actively managed. A 0.61 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
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Returns By Period
In the year-to-date period, AAUM achieves a -18.98% return, which is significantly lower than GSIB's 9.75% return.
AAUM
- 1D
- -5.40%
- 1M
- -6.59%
- YTD
- -18.98%
- 6M
- -14.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSIB
- 1D
- -1.07%
- 1M
- 5.66%
- YTD
- 9.75%
- 6M
- 16.02%
- 1Y
- 42.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAUM vs. GSIB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AAUM Tema Alternative Asset Managers ETF | -18.98% | 1.19% |
GSIB Themes Global Systemically Important Banks ETF | 9.75% | 11.92% |
Correlation
The correlation between AAUM and GSIB is 0.61, 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 2, 2025 | 0.61 |
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Return for Risk
AAUM vs. GSIB — Risk / Return Rank
AAUM
GSIB
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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| AAUM | GSIB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.94 | 2.35 | -3.29 |
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.
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Drawdown Indicators
| AAUM | GSIB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -17.71% | -10.53% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.90% | — |
Current DrawdownCurrent decline from peak | -23.44% | -1.07% | -22.37% |
Average DrawdownAverage peak-to-trough decline | -11.98% | -2.06% | -9.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.94% | — |
Volatility
AAUM vs. GSIB - Volatility Comparison
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Volatility by Period
| AAUM | GSIB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.97% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.52% | 17.24% | +10.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.52% | 18.45% | +9.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.52% | 18.45% | +9.07% |
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 0.93%, less than GSIB's 1.74% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AAUM Tema Alternative Asset Managers ETF | 0.93% | 0.75% | 0.00% |
GSIB Themes Global Systemically Important Banks ETF | 1.74% | 1.91% | 1.67% |
Frequently Asked Questions
AAUM and GSIB have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
GSIB is cheaper with a 0.35% expense ratio, compared with 0.75% for AAUM.
GSIB has the higher dividend yield at 1.74%, compared with 0.93% for AAUM.
They also come from different issuers: Tema ETFs and Themes. Their fees differ too: 0.75% for AAUM and 0.35% for GSIB.
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