GSIB vs. STRC

Last updated Jun 25, 2026

GSIB (Themes Global Systemically Important Banks ETF) is Financials Equities fund actively managed by Themes, while STRC (Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock) is a stock. At a 0.24 correlation, their price movements are largely independent.

Performance

GSIB vs. STRC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Global Systemically Important Banks ETF (GSIB) and Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSIB achieves a 14.24% return, which is significantly higher than STRC's -12.42% return.

GSIB

• 1D: -1.77%
• 1M: 5.64%
• YTD: 14.24%
• 6M: 12.75%
• 1Y: 42.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

STRC

• 1D: -7.41%
• 1M: -16.91%
• YTD: -12.42%
• 6M: -12.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GSIB vs. STRC - Yearly Performance Comparison

	2026 (YTD)	2025
GSIB Themes Global Systemically Important Banks ETF	14.24%	18.36%
STRC Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock	-12.42%	10.08%

Correlation

The correlation between GSIB and STRC is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.24

Return for Risk

GSIB vs. STRC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GSIB

GSIB Risk / Return Rank: 76
GSIB Sharpe Ratio Rank: 85
GSIB Sortino Ratio Rank: 86
GSIB Omega Ratio Rank: 78
GSIB Calmar Ratio Rank: 68
GSIB Martin Ratio Rank: 66

STRC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GSIB vs. STRC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Global Systemically Important Banks ETF (GSIB) and Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). 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	STRC	Difference
Sharpe ratio: Return per unit of total volatility	2.45	—	—
Sortino ratio: Return per unit of downside risk	3.41	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	3.07	—	—
Martin ratio: Return relative to average drawdown	10.79	—	—

Drawdowns

GSIB vs. STRC - Drawdown Comparison

The maximum GSIB drawdown since its inception was -17.71%, roughly equal to the maximum STRC drawdown of -17.05%. Use the drawdown chart below to compare losses from any high point for GSIB and STRC.

Drawdown Indicators

	GSIB	STRC	Difference
Max Drawdown Largest peak-to-trough decline	-17.71%	-17.05%	-0.66%
Max Drawdown (1Y) Largest decline over 1 year	-13.90%	—	—
Current Drawdown Current decline from peak	-2.36%	-17.05%	+14.69%
Average Drawdown Average peak-to-trough decline	-2.03%	-0.89%	-1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.94%	—	—

Volatility

Volatility by Period

	GSIB	STRC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.48%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.51%	16.36%	+1.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.47%	16.36%	+2.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.47%	16.36%	+2.11%

Dividends

GSIB vs. STRC - Dividend Comparison

GSIB's dividend yield for the trailing twelve months is around 1.67%, less than STRC's 13.49% yield.

Position	TTM	2025	2024
GSIB Themes Global Systemically Important Banks ETF	1.67%	1.91%	1.67%
STRC Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock	13.49%	4.31%	0.00%

Frequently Asked Questions

Can I hold both GSIB and STRC in my portfolio?

GSIB and STRC have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.