GSIB vs. DINO

Last updated Aug 1, 2026

GSIB (Themes Global Systemically Important Banks ETF) is Financials Equities fund actively managed by Themes, while DINO (HF Sinclair Corp) is a stock. Over the past year, GSIB returned 46.76% vs 115.95% for DINO. Their 0.16 correlation means their historical movements had little consistent relationship.

Performance

GSIB vs. DINO - Performance Comparison

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

Returns By Period

In the year-to-date period, GSIB achieves a 22.66% return, which is significantly lower than DINO's 101.90% return.

GSIB

• 1D: -0.11%
• 1M: 7.17%
• 6M: 18.14%
• YTD: 22.66%
• 1Y: 46.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 45.58%

DINO

• 1D: -1.05%
• 1M: 26.06%
• 6M: 78.95%
• YTD: 101.90%
• 1Y: 115.95%
• 3Y*: 25.49%
• 5Y*: 29.70%
• 10Y*: 17.51%
• ALL TIME*: 16.11%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DINO HF Sinclair Corp	$287.29M	$249.33M	$194.85M
GSIB Themes Global Systemically Important Banks ETF	$2.37M	$1.31M	$753.15K

GSIB vs. DINO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GSIB Themes Global Systemically Important Banks ETF	22.66%	61.67%	32.86%	1.75%
DINO HF Sinclair Corp	101.90%	38.14%	-34.36%	0.07%

Correlation

The correlation between GSIB and DINO is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.02
Correlation (All Time) Calculated using the full available price history since Dec 15, 2023	0.16

The correlation between GSIB and DINO shifts across timeframes, from -0.02 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GSIB vs. DINO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GSIB

GSIB Risk / Return Rank: 90
GSIB Sharpe Ratio Rank: 94
GSIB Sortino Ratio Rank: 93
GSIB Omega Ratio Rank: 91
GSIB Calmar Ratio Rank: 87
GSIB Martin Ratio Rank: 85

DINO

DINO Risk / Return Rank: 96
DINO Sharpe Ratio Rank: 98
DINO Sortino Ratio Rank: 96
DINO Omega Ratio Rank: 95
DINO Calmar Ratio Rank: 97
DINO Martin Ratio Rank: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GSIB vs. DINO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Global Systemically Important Banks ETF (GSIB) and HF Sinclair Corp (DINO). 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.

	GSIB	DINO	Difference
Sharpe ratio: Return per unit of total volatility	2.63	3.15	-0.52
Sortino ratio: Return per unit of downside risk	3.65	3.59	+0.06
Omega ratio: Gain probability vs. loss probability	1.43	1.46	-0.03
Calmar ratio: Return relative to maximum drawdown	3.38	6.64	-3.26
Martin ratio: Return relative to average drawdown	11.87	17.04	-5.17

GSIB vs. DINO - Sharpe Ratio Comparison

The current GSIB Sharpe Ratio is 2.63, which is comparable to the DINO Sharpe Ratio of 3.15. The chart below compares the historical Sharpe Ratios of GSIB and DINO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GSIB vs. DINO - Drawdown Comparison

The maximum GSIB drawdown since its inception was -17.71%, smaller than the maximum DINO drawdown of -85.99%. Use the drawdown chart below to compare losses from any high point for GSIB and DINO.

Drawdown Indicators

	GSIB	DINO	Difference
Max Drawdown Largest peak-to-trough decline	-17.71%	-85.99%	+68.28%
Max Drawdown (1Y) Largest decline over 1 year	-13.90%	-17.57%	+3.67%
Max Drawdown (3Y) Largest decline over 3 years	—	-57.35%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-57.35%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-77.35%	—
Current Drawdown Current decline from peak	-0.11%	-1.05%	+0.94%
Average Drawdown Average peak-to-trough decline	-1.99%	-27.93%	+25.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.95%	6.83%	-2.88%

Volatility

GSIB vs. DINO - Volatility Comparison

The current volatility for Themes Global Systemically Important Banks ETF (GSIB) is 5.74%, while HF Sinclair Corp (DINO) has a volatility of 9.89%. This indicates that GSIB experiences smaller price fluctuations and is considered to be less risky than DINO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSIB	DINO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.74%	9.89%	-4.15%
Volatility (6M) Calculated over the trailing 6-month period	14.93%	30.63%	-15.70%
Volatility (1Y) Calculated over the trailing 1-year period	17.90%	37.03%	-19.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.46%	38.67%	-20.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.46%	44.19%	-25.73%

Dividends

GSIB vs. DINO - Dividend Comparison

GSIB's dividend yield for the trailing twelve months is around 1.55%, less than DINO's 2.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DINO HF Sinclair Corp	2.19%	4.34%	5.71%	3.24%	2.31%	1.07%	5.42%	2.64%	2.58%	2.58%	4.03%	3.28%
GSIB Themes Global Systemically Important Banks ETF	1.55%	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 GSIB and DINO in my portfolio?

GSIB and DINO have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSIB or DINO?

DINO has higher volatility (9.89%) compared to GSIB (5.74%). In terms of maximum drawdown, GSIB dropped -17.71% vs DINO's -85.99%.

Which has better risk-adjusted returns?

DINO currently has the higher Sharpe Ratio (3.15 vs 2.63), 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.