GSIB vs. GOOG
GSIB (Themes Global Systemically Important Banks ETF) is Financials Equities fund actively managed by Themes, while GOOG (Alphabet Inc) is a stock. Over the past year, GSIB returned 46.76% vs 85.45% for GOOG. Their 0.33 correlation means their historical movements had little consistent relationship.
Performance
GSIB vs. GOOG - 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 GOOG's 13.80% return.
GSIB
- 1D
- -0.11%
- 1M
- 7.17%
- 6M
- 18.14%
- YTD
- 22.66%
- 1Y
- 46.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 45.58%
GOOG
- 1D
- 6.88%
- 1M
- -0.35%
- 6M
- 5.49%
- YTD
- 13.80%
- 1Y
- 85.45%
- 3Y*
- 39.73%
- 5Y*
- 21.62%
- 10Y*
- 25.03%
- ALL TIME*
- 22.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
GOOG Alphabet Inc | $7.78B | $6.87B | $7.98B |
| $2.37M | $1.31M | $753.15K |
GSIB vs. GOOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GSIB Themes Global Systemically Important Banks ETF | 22.66% | 61.67% | 32.86% | 1.75% |
GOOG Alphabet Inc | 13.80% | 65.42% | 35.62% | 5.80% |
Correlation
The correlation between GSIB and GOOG is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2023 | 0.33 |
The correlation between GSIB and GOOG 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
GSIB vs. GOOG — Risk / Return Rank
GSIB
GOOG
GSIB vs. GOOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes Global Systemically Important Banks ETF (GSIB) and Alphabet Inc (GOOG). 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 | GOOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.46 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 4.14 | -0.76 |
| Martin ratioReturn relative to average drawdown | 11.87 | 11.53 | +0.34 |
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Drawdowns
GSIB vs. GOOG - Drawdown Comparison
The maximum GSIB drawdown since its inception was -17.71%, smaller than the maximum GOOG drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for GSIB and GOOG.
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Drawdown Indicators
| GSIB | GOOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.71% | -44.60% | +26.89% |
Max Drawdown (1Y)Largest decline over 1 year | -13.90% | -20.75% | +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 | -0.11% | -10.57% | +10.46% |
Average DrawdownAverage peak-to-trough decline | -1.99% | -8.93% | +6.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 7.44% | -3.49% |
Volatility
GSIB vs. GOOG - Volatility Comparison
The current volatility for Themes Global Systemically Important Banks ETF (GSIB) is 5.74%, while Alphabet Inc (GOOG) has a volatility of 13.08%. This indicates that GSIB experiences smaller price fluctuations and is considered to be less risky than GOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSIB | GOOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.74% | 13.08% | -7.34% |
Volatility (6M)Calculated over the trailing 6-month period | 14.93% | 24.59% | -9.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.90% | 31.77% | -13.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.46% | 31.80% | -13.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.46% | 29.34% | -10.88% |
Dividends
GSIB vs. GOOG - Dividend Comparison
GSIB's dividend yield for the trailing twelve months is around 1.55%, more than GOOG's 0.24% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GOOG Alphabet Inc | 0.24% | 0.26% | 0.32% |
GSIB Themes Global Systemically Important Banks ETF | 1.55% | 1.91% | 1.67% |
Frequently Asked Questions
GSIB and GOOG 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 (13.08%) compared to GSIB (5.74%). In terms of maximum drawdown, GSIB dropped -17.71% vs GOOG's -44.60%.
GOOG currently has the higher Sharpe Ratio (2.71 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.
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