DGT vs. GSIB

Last updated Jun 4, 2026

DGT (State Street SPDR Global Dow ETF) and GSIB (Themes Global Systemically Important Banks ETF) are both exchange-traded funds - DGT is a Global Equities fund tracking the The Global Dow, while GSIB is a Financials Equities fund actively managed by Themes. DGT is passively managed, while GSIB is actively managed. Over the past year, DGT returned 30.90% vs 42.41% for GSIB. A 0.78 correlation means they provide meaningful diversification when combined. DGT charges 0.50%/yr vs 0.35%/yr for GSIB.

Performance

DGT vs. GSIB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR Global Dow ETF (DGT) 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, DGT achieves a 12.72% return, which is significantly higher than GSIB's 9.75% return.

DGT

• 1D: -0.58%
• 1M: 5.01%
• YTD: 12.72%
• 6M: 14.40%
• 1Y: 30.90%
• 3Y*: 22.91%
• 5Y*: 13.59%
• 10Y*: 14.09%

GSIB

• 1D: -1.07%
• 1M: 5.66%
• YTD: 9.75%
• 6M: 16.02%
• 1Y: 42.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DGT vs. GSIB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DGT State Street SPDR Global Dow ETF	12.72%	30.04%	14.15%	1.79%
GSIB Themes Global Systemically Important Banks ETF	9.75%	61.67%	32.86%	2.35%

Correlation

The correlation between DGT and GSIB is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (All Time) Calculated using the full available price history since Dec 18, 2023	0.78

The correlation between DGT and GSIB has been stable across timeframes, ranging from 0.78 to 0.79 - a consistent structural relationship.

DGT vs. GSIB - Sectors Allocation Comparison

Sectors	DGT	GSIB
Technology	17.7%	-
Financial Services	17.1%	100.0%
Industrials	13.9%	-
Healthcare	10.9%	-
Consumer Defensive	7.6%	-
Consumer Cyclical	7.5%	-
Energy	7.1%	-
Basic Materials	7.1%	-
Communication Services	6.0%	-
Utilities	3.8%	-
Real Estate	1.4%	-

Return for Risk

DGT vs. GSIB — Risk / Return Rank

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

DGT

DGT Risk / Return Rank: 77
DGT Sharpe Ratio Rank: 78
DGT Sortino Ratio Rank: 79
DGT Omega Ratio Rank: 79
DGT Calmar Ratio Rank: 73
DGT Martin Ratio Rank: 77

GSIB

GSIB Risk / Return Rank: 68
GSIB Sharpe Ratio Rank: 75
GSIB Sortino Ratio Rank: 75
GSIB Omega Ratio Rank: 68
GSIB Calmar Ratio Rank: 61
GSIB Martin Ratio Rank: 60

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.

DGT vs. GSIB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Global Dow ETF (DGT) 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.

	DGT	GSIB	Difference
Sharpe ratio: Return per unit of total volatility	2.59	2.47	+0.12
Sortino ratio: Return per unit of downside risk	3.58	3.43	+0.16
Omega ratio: Gain probability vs. loss probability	1.48	1.41	+0.07
Calmar ratio: Return relative to maximum drawdown	3.70	3.07	+0.64
Martin ratio: Return relative to average drawdown	15.02	10.80	+4.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DGT vs. GSIB - Sharpe Ratio Comparison

The current DGT Sharpe Ratio is 2.59, which is comparable to the GSIB Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of DGT and GSIB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DGT	GSIB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	2.47	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	2.35	-2.06

Drawdowns

DGT vs. GSIB - Drawdown Comparison

The maximum DGT drawdown since its inception was -55.36%, which is greater than GSIB's maximum drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for DGT and GSIB.

Drawdown Indicators

	DGT	GSIB	Difference
Max Drawdown Largest peak-to-trough decline	-55.36%	-17.71%	-37.65%
Max Drawdown (1Y) Largest decline over 1 year	-8.38%	-13.90%	+5.52%
Max Drawdown (3Y) Largest decline over 3 years	-14.67%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.18%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.40%	—	—
Current Drawdown Current decline from peak	-0.58%	-1.07%	+0.49%
Average Drawdown Average peak-to-trough decline	-13.83%	-2.06%	-11.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	3.94%	-1.88%

Volatility

DGT vs. GSIB - Volatility Comparison

The current volatility for State Street SPDR Global Dow ETF (DGT) is 3.94%, while Themes Global Systemically Important Banks ETF (GSIB) has a volatility of 5.26%. This indicates that DGT experiences smaller price fluctuations and is considered to be less risky than GSIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGT	GSIB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	5.26%	-1.32%
Volatility (6M) Calculated over the trailing 6-month period	9.54%	13.97%	-4.43%
Volatility (1Y) Calculated over the trailing 1-year period	11.98%	17.24%	-5.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.16%	18.45%	-3.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	18.45%	-1.50%

DGT vs. GSIB - Expense Ratio Comparison

DGT has a 0.50% expense ratio, which is higher than GSIB's 0.35% expense ratio.

Dividends

DGT vs. GSIB - Dividend Comparison

DGT's dividend yield for the trailing twelve months is around 2.52%, more than GSIB's 1.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGT State Street SPDR Global Dow ETF	2.52%	2.78%	2.83%	2.53%	3.15%	2.66%	1.97%	2.76%	2.50%	1.93%	2.31%	2.37%
GSIB Themes Global Systemically Important Banks ETF	1.74%	1.91%	1.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DGT and GSIB in my portfolio?

DGT and GSIB have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DGT or GSIB?

GSIB has higher volatility (5.26%) compared to DGT (3.94%). In terms of maximum drawdown, DGT dropped -55.36% vs GSIB's -17.71%.

Which ETF is better, DGT or GSIB?

On 1-year performance, GSIB leads with 42.41% vs 30.90% for DGT. On fees, GSIB is cheaper at 0.35% per year. On volatility, DGT has been the lower-risk option at 3.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DGT or GSIB?

Over the 1-year period, GSIB has performed better with a 42.41% return vs 30.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DGT or GSIB?

GSIB is cheaper with a 0.35% expense ratio, compared with 0.50% for DGT.

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

DGT has the higher dividend yield at 2.52%, compared with 1.74% for GSIB.

What is the main difference between DGT and GSIB?

DGT is categorized as Global Equities, while GSIB is Financials Equities. They also come from different issuers: State Street and Themes. Their fees differ too: 0.50% for DGT and 0.35% for GSIB.

Which has better risk-adjusted returns?

DGT currently has the higher Sharpe Ratio (2.59 vs 2.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.