GSIB vs. STRC

Last updated Apr 1, 2026

Compare and contrast key facts about Themes Global Systemically Important Banks ETF (GSIB) and MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock (STRC).

GSIB is an actively managed fund by Themes. It was launched on Dec 14, 2023.

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 MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). The values are adjusted to include any dividend payments, if applicable.

GSIB vs. STRC - Yearly Performance Comparison

	2026 (YTD)	2025
GSIB Themes Global Systemically Important Banks ETF	-3.15%	18.86%
STRC MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock	4.14%	9.19%

Returns By Period

In the year-to-date period, GSIB achieves a -3.15% return, which is significantly lower than STRC's 4.14% return.

GSIB

• 1D: 4.01%
• 1M: -4.96%
• YTD: -3.15%
• 6M: 7.71%
• 1Y: 36.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

STRC

• 1D: 0.06%
• 1M: 0.99%
• YTD: 4.14%
• 6M: 8.87%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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: 86
GSIB Sharpe Ratio Rank: 88
GSIB Sortino Ratio Rank: 88
GSIB Omega Ratio Rank: 86
GSIB Calmar Ratio Rank: 86
GSIB Martin Ratio Rank: 82

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 MicroStrategy Incorporated 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.

	GSIB	STRC	Difference
Sharpe ratio Return per unit of total volatility	1.79	—	—
Sortino ratio Return per unit of downside risk	2.39	—	—
Omega ratio Gain probability vs. loss probability	1.34	—	—
Calmar ratio Return relative to maximum drawdown	2.51	—	—
Martin ratio Return relative to average drawdown	8.62	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GSIB	STRC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.15	1.58	+0.57

Correlation

The correlation between GSIB and STRC is 0.26, 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. STRC - Dividend Comparison

GSIB's dividend yield for the trailing twelve months is around 1.97%, less than STRC's 7.07% yield.

	TTM	2025	2024
GSIB Themes Global Systemically Important Banks ETF	1.97%	1.91%	1.67%
STRC MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock	7.07%	4.31%	0.00%

Drawdowns

GSIB vs. STRC - Drawdown Comparison

The maximum GSIB drawdown since its inception was -17.71%, which is greater than STRC's maximum drawdown of -6.39%. 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%	-6.39%	-11.32%
Max Drawdown (1Y) Largest decline over 1 year	-14.59%	—	—
Current Drawdown Current decline from peak	-9.87%	0.00%	-9.87%
Average Drawdown Average peak-to-trough decline	-2.06%	-0.60%	-1.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.25%	—	—

Volatility

Volatility by Period

	GSIB	STRC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.79%	13.46%	+7.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.39%	13.46%	+4.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.39%	13.46%	+4.93%