GSIB vs. PBEU
GSIB (Themes Global Systemically Important Banks ETF) and PBEU (Portfolio Building Block European Banks Index ETF) are both Financials Equities funds. GSIB is actively managed, while PBEU is passively managed. Their correlation of 0.89 suggests significant overlap in exposure. GSIB charges 0.35%/yr vs 0.13%/yr for PBEU.
Performance
GSIB vs. PBEU - Performance Comparison
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Returns By Period
In the year-to-date period, GSIB achieves a 9.75% return, which is significantly higher than PBEU's 6.67% return.
GSIB
- 1D
- -1.07%
- 1M
- 5.66%
- YTD
- 9.75%
- 6M
- 16.02%
- 1Y
- 42.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBEU
- 1D
- -2.01%
- 1M
- 5.50%
- YTD
- 6.67%
- 6M
- 14.38%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSIB vs. PBEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GSIB Themes Global Systemically Important Banks ETF | 9.75% | 8.80% |
PBEU Portfolio Building Block European Banks Index ETF | 6.67% | 11.49% |
Correlation
The correlation between GSIB and PBEU is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025 | 0.89 |
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Return for Risk
GSIB vs. PBEU — Risk / Return Rank
GSIB
PBEU
GSIB vs. PBEU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes Global Systemically Important Banks ETF (GSIB) and Portfolio Building Block European Banks Index ETF (PBEU). 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 | PBEU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.41 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | — | — |
| Martin ratioReturn relative to average drawdown | 10.80 | — | — |
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 | PBEU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.35 | 1.45 | +0.90 |
Drawdowns
GSIB vs. PBEU - Drawdown Comparison
The maximum GSIB drawdown since its inception was -17.71%, roughly equal to the maximum PBEU drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for GSIB and PBEU.
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Drawdown Indicators
| GSIB | PBEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.71% | -17.26% | -0.45% |
Max Drawdown (1Y)Largest decline over 1 year | -13.90% | — | — |
Current DrawdownCurrent decline from peak | -1.07% | -2.18% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -4.23% | +2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | — | — |
Volatility
GSIB vs. PBEU - Volatility Comparison
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Volatility by Period
| GSIB | PBEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 13.97% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.24% | 27.88% | -10.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.45% | 27.88% | -9.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.45% | 27.88% | -9.43% |
GSIB vs. PBEU - Expense Ratio Comparison
GSIB has a 0.35% expense ratio, which is higher than PBEU's 0.13% expense ratio.
Dividends
GSIB vs. PBEU - Dividend Comparison
GSIB's dividend yield for the trailing twelve months is around 1.74%, more than PBEU's 0.01% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GSIB Themes Global Systemically Important Banks ETF | 1.74% | 1.91% | 1.67% |
PBEU Portfolio Building Block European Banks Index ETF | 0.01% | 0.01% | 0.00% |
Frequently Asked Questions
GSIB and PBEU have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PBEU is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PBEU is cheaper with a 0.13% expense ratio, compared with 0.35% for GSIB.
GSIB has the higher dividend yield at 1.74%, compared with 0.01% for PBEU.
They also come from different issuers: Themes and Portfolio Building Block. Their fees differ too: 0.35% for GSIB and 0.13% for PBEU.
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