GOOG vs. GSIB
GOOG (Alphabet Inc) is a stock, while GSIB (Themes Global Systemically Important Banks ETF) is Financials Equities fund actively managed by Themes. Over the past year, GOOG returned 107.32% vs 41.62% for GSIB. At a 0.33 correlation, their price movements are largely independent.
Performance
GOOG vs. GSIB - Performance Comparison
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Returns By Period
In the year-to-date period, GOOG achieves a 15.25% return, which is significantly higher than GSIB's 10.39% return.
GOOG
- 1D
- -1.20%
- 1M
- -8.98%
- YTD
- 15.25%
- 6M
- 15.01%
- 1Y
- 107.32%
- 3Y*
- 43.67%
- 5Y*
- 23.94%
- 10Y*
- 26.05%
GSIB
- 1D
- 0.33%
- 1M
- 4.05%
- YTD
- 10.39%
- 6M
- 15.52%
- 1Y
- 41.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOOG vs. GSIB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GOOG Alphabet Inc | 15.25% | 65.42% | 35.62% | 5.80% |
GSIB Themes Global Systemically Important Banks ETF | 10.39% | 61.67% | 32.86% | 1.75% |
Correlation
The correlation between GOOG and GSIB is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2023 | 0.33 |
The correlation between GOOG and GSIB shifts across timeframes, from 0.33 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GOOG vs. GSIB — Risk / Return Rank
GOOG
GSIB
GOOG vs. GSIB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc (GOOG) 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.
| GOOG | GSIB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.40 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 5.20 | 3.01 | +2.19 |
| Martin ratioReturn relative to average drawdown | 18.68 | 10.59 | +8.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GOOG | GSIB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.76 | 2.41 | +1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 2.36 | -1.54 |
Drawdowns
GOOG vs. GSIB - Drawdown Comparison
The maximum GOOG drawdown since its inception was -44.60%, which is greater than GSIB's maximum drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for GOOG and GSIB.
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Drawdown Indicators
| GOOG | GSIB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.60% | -17.71% | -26.89% |
Max Drawdown (1Y)Largest decline over 1 year | -20.75% | -13.90% | -6.85% |
Max Drawdown (3Y)Largest decline over 3 years | -29.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -44.60% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.60% | — | — |
Current DrawdownCurrent decline from peak | -9.44% | -1.13% | -8.31% |
Average DrawdownAverage peak-to-trough decline | -8.89% | -2.06% | -6.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.77% | 3.94% | +1.83% |
Volatility
GOOG vs. GSIB - Volatility Comparison
Alphabet Inc (GOOG) has a higher volatility of 8.43% compared to Themes Global Systemically Important Banks ETF (GSIB) at 4.58%. This indicates that GOOG'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.
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Volatility by Period
| GOOG | GSIB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.43% | 4.58% | +3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 20.50% | 14.13% | +6.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.74% | 17.39% | +11.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.14% | 18.46% | +12.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.02% | 18.46% | +10.56% |
Dividends
GOOG vs. GSIB - Dividend Comparison
GOOG's dividend yield for the trailing twelve months is around 0.29%, less than GSIB's 1.73% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GOOG Alphabet Inc | 0.29% | 0.26% | 0.32% |
GSIB Themes Global Systemically Important Banks ETF | 1.73% | 1.91% | 1.67% |
Frequently Asked Questions
GOOG and GSIB have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOOG has higher volatility (8.43%) compared to GSIB (4.58%). In terms of maximum drawdown, GOOG dropped -44.60% vs GSIB's -17.71%.
GOOG currently has the higher Sharpe Ratio (3.76 vs 2.41), 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.
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