GSIB vs. ESPO
GSIB (Themes Global Systemically Important Banks ETF) and ESPO (VanEck Video Gaming and eSports ETF) are both exchange-traded funds - GSIB is a Financials Equities fund actively managed by Themes, while ESPO is a Gaming fund tracking the MVIS Global Video Gaming and eSports Index. GSIB is actively managed, while ESPO is passively managed. Over the past year, GSIB returned 46.76% vs -11.33% for ESPO. Their 0.48 correlation means their historical movements had little consistent relationship. GSIB charges 0.35%/yr vs 0.55%/yr for ESPO.
Performance
GSIB vs. ESPO - Performance Comparison
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Returns By Period
In the year-to-date period, GSIB achieves a 22.66% return, which is significantly higher than ESPO's -9.09% return.
GSIB
- 1D
- -0.11%
- 1M
- 7.17%
- 6M
- 18.14%
- YTD
- 22.66%
- 1Y
- 46.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 45.58%
ESPO
- 1D
- -3.16%
- 1M
- 3.18%
- 6M
- -5.98%
- YTD
- -9.09%
- 1Y
- -11.33%
- 3Y*
- 18.46%
- 5Y*
- 8.32%
- 10Y*
- —
- ALL TIME*
- 16.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.98M | $1.50M | $1.55M | |
| $2.37M | $1.31M | $753.15K |
GSIB vs. ESPO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GSIB Themes Global Systemically Important Banks ETF | 22.66% | 61.67% | 32.86% | 1.75% |
ESPO VanEck Video Gaming and eSports ETF | -9.09% | 25.79% | 47.61% | 0.54% |
Correlation
The correlation between GSIB and ESPO is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2023 | 0.48 |
The correlation between GSIB and ESPO has been stable across timeframes, ranging from 0.48 to 0.51 - a consistent structural relationship.
GSIB vs. ESPO - Sectors Allocation Comparison
Sectors
GSIB
ESPO
Financial Services
-
Technology
Basic Materials
-
-
Communication Services
-
Consumer Cyclical
-
Consumer Defensive
-
-
Energy
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Utilities
-
-
Financial Services
GSIB
ESPO
-
Technology
GSIB
ESPO
Basic Materials
GSIB
-
ESPO
-
Communication Services
GSIB
-
ESPO
Consumer Cyclical
GSIB
-
ESPO
Consumer Defensive
GSIB
-
ESPO
-
Energy
GSIB
-
ESPO
-
Healthcare
GSIB
-
ESPO
-
Industrials
GSIB
-
ESPO
-
Real Estate
GSIB
-
ESPO
-
Utilities
GSIB
-
ESPO
-
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Return for Risk
GSIB vs. ESPO — Risk / Return Rank
GSIB
ESPO
GSIB vs. ESPO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes Global Systemically Important Banks ETF (GSIB) and VanEck Video Gaming and eSports ETF (ESPO). 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 | ESPO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.21 | ||
| Sortino ratioReturn per unit of downside risk | +4.35 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 0.92 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | -0.39 | +3.77 |
| Martin ratioReturn relative to average drawdown | 11.87 | -0.62 | +12.49 |
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Drawdowns
GSIB vs. ESPO - Drawdown Comparison
The maximum GSIB drawdown since its inception was -17.71%, smaller than the maximum ESPO drawdown of -50.99%. Use the drawdown chart below to compare losses from any high point for GSIB and ESPO.
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Drawdown Indicators
| GSIB | ESPO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.71% | -50.99% | +33.28% |
Max Drawdown (1Y)Largest decline over 1 year | -13.90% | -29.43% | +15.53% |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.43% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.33% | — |
Current DrawdownCurrent decline from peak | -0.11% | -22.03% | +21.92% |
Average DrawdownAverage peak-to-trough decline | -1.99% | -15.23% | +13.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 18.32% | -14.37% |
Volatility
GSIB vs. ESPO - Volatility Comparison
The current volatility for Themes Global Systemically Important Banks ETF (GSIB) is 5.74%, while VanEck Video Gaming and eSports ETF (ESPO) has a volatility of 6.66%. This indicates that GSIB experiences smaller price fluctuations and is considered to be less risky than ESPO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSIB | ESPO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.74% | 6.66% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 14.93% | 16.07% | -1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.90% | 19.65% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.46% | 25.12% | -6.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.46% | 25.65% | -7.19% |
GSIB vs. ESPO - Expense Ratio Comparison
GSIB has a 0.35% expense ratio, which is lower than ESPO's 0.55% expense ratio.
Dividends
GSIB vs. ESPO - Dividend Comparison
GSIB's dividend yield for the trailing twelve months is around 1.55%, more than ESPO's 1.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ESPO VanEck Video Gaming and eSports ETF | 1.37% | 1.24% | 0.44% | 0.96% | 0.91% | 3.36% | 0.12% | 0.22% | 0.04% |
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% |
Frequently Asked Questions
GSIB and ESPO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESPO has higher volatility (6.66%) compared to GSIB (5.74%). In terms of maximum drawdown, GSIB dropped -17.71% vs ESPO's -50.99%.
On 1-year performance, GSIB leads with 46.76% vs -11.33% for ESPO. On fees, GSIB is cheaper at 0.35% per year. On volatility, GSIB has been the lower-risk option at 5.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GSIB has performed better with a 46.76% return vs -11.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSIB is cheaper with a 0.35% expense ratio, compared with 0.55% for ESPO.
GSIB has the higher dividend yield at 1.55%, compared with 1.37% for ESPO.
GSIB is categorized as Financials Equities, while ESPO is Gaming. They also come from different issuers: Themes and VanEck. Their fees differ too: 0.35% for GSIB and 0.55% for ESPO.
GSIB currently has the higher Sharpe Ratio (2.63 vs -0.58), 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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