GSIB vs. EUFN
GSIB (Themes Global Systemically Important Banks ETF) and EUFN (iShares MSCI Europe Financials ETF) are both Financials Equities funds. GSIB is actively managed, while EUFN is passively managed. Over the past year, GSIB returned 49.09% vs 37.30% for EUFN. Their correlation of 0.84 means they have usually moved in the same direction. GSIB charges 0.35%/yr vs 0.49%/yr for EUFN.
Performance
GSIB vs. EUFN - 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 EUFN's 15.76% return.
GSIB
- 1D
- -0.11%
- 1M
- 6.55%
- 6M
- 18.14%
- YTD
- 22.66%
- 1Y
- 49.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 45.58%
EUFN
- 1D
- -0.05%
- 1M
- 4.57%
- 6M
- 12.34%
- YTD
- 15.76%
- 1Y
- 37.30%
- 3Y*
- 34.07%
- 5Y*
- 21.90%
- 10Y*
- 14.87%
- ALL TIME*
- 7.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $57.65M | $60.11M | $50.38M | |
| $2.37M | $1.31M | $753.15K |
GSIB vs. EUFN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GSIB Themes Global Systemically Important Banks ETF | 22.66% | 61.67% | 32.86% | 1.75% |
EUFN iShares MSCI Europe Financials ETF | 15.76% | 65.73% | 17.20% | 1.21% |
Correlation
The correlation between GSIB and EUFN is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2023 | 0.84 |
The correlation between GSIB and EUFN has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
GSIB vs. EUFN - Sectors Allocation Comparison
Sectors
GSIB
EUFN
Financial Services
Technology
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
Consumer Defensive
-
-
Energy
-
-
Healthcare
-
-
Industrials
-
Real Estate
-
-
Utilities
-
-
Financial Services
GSIB
EUFN
Technology
GSIB
EUFN
Basic Materials
GSIB
-
EUFN
-
Communication Services
GSIB
-
EUFN
-
Consumer Cyclical
GSIB
-
EUFN
Consumer Defensive
GSIB
-
EUFN
-
Energy
GSIB
-
EUFN
-
Healthcare
GSIB
-
EUFN
-
Industrials
GSIB
-
EUFN
Real Estate
GSIB
-
EUFN
-
Utilities
GSIB
-
EUFN
-
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Return for Risk
GSIB vs. EUFN — Risk / Return Rank
GSIB
EUFN
GSIB vs. EUFN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes Global Systemically Important Banks ETF (GSIB) and iShares MSCI Europe Financials ETF (EUFN). 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 | EUFN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.30 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 2.43 | +0.95 |
| Martin ratioReturn relative to average drawdown | 11.87 | 8.55 | +3.32 |
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Drawdowns
GSIB vs. EUFN - Drawdown Comparison
The maximum GSIB drawdown since its inception was -17.71%, smaller than the maximum EUFN drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for GSIB and EUFN.
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Drawdown Indicators
| GSIB | EUFN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.71% | -53.25% | +35.54% |
Max Drawdown (1Y)Largest decline over 1 year | -13.90% | -14.77% | +0.87% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.25% | — |
Current DrawdownCurrent decline from peak | -0.11% | -0.05% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -1.99% | -14.42% | +12.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 4.20% | -0.25% |
Volatility
GSIB vs. EUFN - Volatility Comparison
The current volatility for Themes Global Systemically Important Banks ETF (GSIB) is 5.74%, while iShares MSCI Europe Financials ETF (EUFN) has a volatility of 6.32%. This indicates that GSIB experiences smaller price fluctuations and is considered to be less risky than EUFN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSIB | EUFN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.74% | 6.32% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 14.93% | 17.74% | -2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.90% | 20.39% | -2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.46% | 21.81% | -3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.46% | 23.71% | -5.25% |
GSIB vs. EUFN - Expense Ratio Comparison
GSIB has a 0.35% expense ratio, which is lower than EUFN's 0.49% expense ratio.
Dividends
GSIB vs. EUFN - Dividend Comparison
GSIB's dividend yield for the trailing twelve months is around 1.55%, less than EUFN's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUFN iShares MSCI Europe Financials ETF | 3.96% | 3.57% | 5.36% | 5.00% | 4.24% | 4.15% | 1.38% | 4.55% | 6.48% | 3.04% | 4.03% | 3.65% |
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
GSIB and EUFN have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EUFN has higher volatility (6.32%) compared to GSIB (5.74%). In terms of maximum drawdown, GSIB dropped -17.71% vs EUFN's -53.25%.
On 1-year performance, GSIB leads with 49.09% vs 37.30% for EUFN. 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 49.09% return vs 37.30%. 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 0.49% for EUFN.
EUFN has the higher dividend yield at 3.96%, compared with 1.55% for GSIB.
They also come from different issuers: Themes and iShares. Their fees differ too: 0.35% for GSIB and 0.49% for EUFN.
GSIB currently has the higher Sharpe Ratio (2.63 vs 1.76), 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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