GSIB vs. KBWP
Compare and contrast key facts about Themes Global Systemically Important Banks ETF (GSIB) and Invesco KBW Property & Casualty Insurance ETF (KBWP).
GSIB and KBWP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSIB is an actively managed fund by Themes. It was launched on Dec 14, 2023. KBWP is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Property & Casualty (TR). It was launched on Dec 2, 2010.
Performance
GSIB vs. KBWP - Performance Comparison
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GSIB vs. KBWP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GSIB Themes Global Systemically Important Banks ETF | -3.15% | 61.67% | 32.86% | 2.35% |
KBWP Invesco KBW Property & Casualty Insurance ETF | -5.76% | 11.49% | 30.45% | 1.88% |
Returns By Period
In the year-to-date period, GSIB achieves a -3.15% return, which is significantly higher than KBWP's -5.76% return.
GSIB
- 1D
- 4.01%
- 1M
- -4.96%
- YTD
- -3.15%
- 6M
- 7.71%
- 1Y
- 36.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KBWP
- 1D
- 0.13%
- 1M
- -5.12%
- YTD
- -5.76%
- 6M
- -2.54%
- 1Y
- -2.65%
- 3Y*
- 14.71%
- 5Y*
- 11.89%
- 10Y*
- 11.51%
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GSIB vs. KBWP - Expense Ratio Comparison
Both GSIB and KBWP have an expense ratio of 0.35%.
Return for Risk
GSIB vs. KBWP — Risk / Return Rank
GSIB
KBWP
GSIB vs. KBWP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes Global Systemically Important Banks ETF (GSIB) and Invesco KBW Property & Casualty Insurance ETF (KBWP). 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.
| GSIB | KBWP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.79 | -0.14 | +1.92 |
Sortino ratioReturn per unit of downside risk | 2.39 | -0.06 | +2.45 |
Omega ratioGain probability vs. loss probability | 1.34 | 0.99 | +0.34 |
Calmar ratioReturn relative to maximum drawdown | 2.51 | -0.14 | +2.66 |
Martin ratioReturn relative to average drawdown | 8.62 | -0.37 | +8.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GSIB | KBWP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | -0.14 | +1.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.15 | 0.71 | +1.44 |
Correlation
The correlation between GSIB and KBWP is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GSIB vs. KBWP - Dividend Comparison
GSIB's dividend yield for the trailing twelve months is around 1.97%, which matches KBWP's 1.97% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSIB Themes Global Systemically Important Banks ETF | 1.97% | 1.91% | 1.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KBWP Invesco KBW Property & Casualty Insurance ETF | 1.97% | 1.58% | 1.64% | 1.68% | 1.99% | 3.02% | 1.93% | 1.99% | 2.11% | 1.90% | 2.14% | 1.35% |
Drawdowns
GSIB vs. KBWP - Drawdown Comparison
The maximum GSIB drawdown since its inception was -17.71%, smaller than the maximum KBWP drawdown of -39.76%. Use the drawdown chart below to compare losses from any high point for GSIB and KBWP.
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Drawdown Indicators
| GSIB | KBWP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.71% | -39.76% | +22.05% |
Max Drawdown (1Y)Largest decline over 1 year | -14.59% | -11.59% | -3.00% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.00% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.76% | — |
Current DrawdownCurrent decline from peak | -9.87% | -6.54% | -3.33% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -4.35% | +2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.25% | 4.48% | -0.23% |
Volatility
GSIB vs. KBWP - Volatility Comparison
Themes Global Systemically Important Banks ETF (GSIB) has a higher volatility of 7.69% compared to Invesco KBW Property & Casualty Insurance ETF (KBWP) at 4.31%. This indicates that GSIB's price experiences larger fluctuations and is considered to be riskier than KBWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSIB | KBWP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.69% | 4.31% | +3.38% |
Volatility (6M)Calculated over the trailing 6-month period | 13.05% | 11.79% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.79% | 19.27% | +1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.39% | 18.49% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 20.65% | -2.26% |