GPZ vs. GSIB

Last updated Jun 4, 2026

GPZ (VanEck Alternative Asset Manager ETF) and GSIB (Themes Global Systemically Important Banks ETF) are both Financials Equities funds. GPZ is passively managed, while GSIB is actively managed. A 0.64 correlation means they provide meaningful diversification when combined. GPZ charges 0.40%/yr vs 0.35%/yr for GSIB.

Performance

GPZ vs. GSIB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Alternative Asset Manager ETF (GPZ) 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, GPZ achieves a -19.37% return, which is significantly lower than GSIB's 9.75% return.

GPZ

• 1D: -4.70%
• 1M: -6.69%
• YTD: -19.37%
• 6M: -16.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

GPZ vs. GSIB - Yearly Performance Comparison

	2026 (YTD)	2025
GPZ VanEck Alternative Asset Manager ETF	-19.37%	9.43%
GSIB Themes Global Systemically Important Banks ETF	9.75%	29.46%

Correlation

The correlation between GPZ and GSIB is 0.64, 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 Jun 6, 2025	0.64

GPZ vs. GSIB - Sectors Allocation Comparison

Sectors	GPZ	GSIB
Financial Services	100.0%	100.0%
Real Estate	2.3%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

GPZ vs. GSIB — Risk / Return Rank

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

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.

GPZ vs. GSIB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Alternative Asset Manager ETF (GPZ) 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.

Sharpe Ratios by Period

	GPZ	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	-0.44	2.35	-2.79

Drawdowns

GPZ vs. GSIB - Drawdown Comparison

The maximum GPZ drawdown since its inception was -31.72%, which is greater than GSIB's maximum drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for GPZ and GSIB.

Drawdown Indicators

	GPZ	GSIB	Difference
Max Drawdown Largest peak-to-trough decline	-31.72%	-17.71%	-14.01%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.90%	—
Current Drawdown Current decline from peak	-25.93%	-1.07%	-24.86%
Average Drawdown Average peak-to-trough decline	-11.74%	-2.06%	-9.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.94%	—

Volatility

Volatility by Period

	GPZ	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	27.33%	17.24%	+10.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.33%	18.45%	+8.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.33%	18.45%	+8.88%

GPZ vs. GSIB - Expense Ratio Comparison

GPZ has a 0.40% expense ratio, which is higher than GSIB's 0.35% expense ratio.

Dividends

GPZ vs. GSIB - Dividend Comparison

GPZ's dividend yield for the trailing twelve months is around 1.03%, less than GSIB's 1.74% yield.

Position	TTM	2025	2024
GPZ VanEck Alternative Asset Manager ETF	1.03%	0.83%	0.00%
GSIB Themes Global Systemically Important Banks ETF	1.74%	1.91%	1.67%

Frequently Asked Questions

Can I hold both GPZ and GSIB in my portfolio?

GPZ and GSIB have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GPZ 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, GPZ or GSIB?

GSIB is cheaper with a 0.35% expense ratio, compared with 0.40% for GPZ.

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

GSIB has the higher dividend yield at 1.74%, compared with 1.03% for GPZ.

What is the main difference between GPZ and GSIB?

They also come from different issuers: VanEck and Themes. Their fees differ too: 0.40% for GPZ and 0.35% for GSIB.