GSIB vs. XEMD
GSIB (Themes Global Systemically Important Banks ETF) and XEMD (BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF) are both exchange-traded funds - GSIB is a Financials Equities fund actively managed by Themes, while XEMD is a Emerging Markets Bonds fund tracking the JP Morgan EMBI Global Diversified Liquid 1-10 Y Maturity Index - Benchmark TR Gross. GSIB is actively managed, while XEMD is passively managed. Over the past year, GSIB returned 46.76% vs 8.88% for XEMD. Their 0.43 correlation means their historical movements had little consistent relationship. GSIB charges 0.35%/yr vs 0.29%/yr for XEMD.
Performance
GSIB vs. XEMD - 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 XEMD's 2.49% return.
GSIB
- 1D
- -0.11%
- 1M
- 7.17%
- 6M
- 18.14%
- YTD
- 22.66%
- 1Y
- 46.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 45.58%
XEMD
- 1D
- 0.02%
- 1M
- -0.62%
- 6M
- 1.43%
- YTD
- 2.49%
- 1Y
- 8.88%
- 3Y*
- 10.14%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.37M | $1.31M | $753.15K | |
| $5.44M | $11.46M | $8.01M |
GSIB vs. XEMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GSIB Themes Global Systemically Important Banks ETF | 22.66% | 61.67% | 32.86% | 1.75% |
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 2.49% | 13.98% | 8.77% | 0.10% |
Correlation
The correlation between GSIB and XEMD is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2023 | 0.43 |
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Return for Risk
GSIB vs. XEMD — Risk / Return Rank
GSIB
XEMD
GSIB vs. XEMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes Global Systemically Important Banks ETF (GSIB) and BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD). 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 | XEMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.36 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 2.53 | +0.85 |
| Martin ratioReturn relative to average drawdown | 11.87 | 10.95 | +0.92 |
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Drawdowns
GSIB vs. XEMD - Drawdown Comparison
The maximum GSIB drawdown since its inception was -17.71%, which is greater than XEMD's maximum drawdown of -10.01%. Use the drawdown chart below to compare losses from any high point for GSIB and XEMD.
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Drawdown Indicators
| GSIB | XEMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.71% | -10.01% | -7.70% |
Max Drawdown (1Y)Largest decline over 1 year | -13.90% | -3.52% | -10.38% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.23% | — |
Current DrawdownCurrent decline from peak | -0.11% | -0.96% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -1.99% | -1.23% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 0.81% | +3.14% |
Volatility
GSIB vs. XEMD - Volatility Comparison
Themes Global Systemically Important Banks ETF (GSIB) has a higher volatility of 5.74% compared to BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) at 0.96%. This indicates that GSIB's price experiences larger fluctuations and is considered to be riskier than XEMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSIB | XEMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.74% | 0.96% | +4.78% |
Volatility (6M)Calculated over the trailing 6-month period | 14.93% | 3.80% | +11.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.90% | 4.74% | +13.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.46% | 6.80% | +11.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.46% | 6.80% | +11.66% |
GSIB vs. XEMD - Expense Ratio Comparison
GSIB has a 0.35% expense ratio, which is higher than XEMD's 0.29% expense ratio.
Dividends
GSIB vs. XEMD - Dividend Comparison
GSIB's dividend yield for the trailing twelve months is around 1.55%, less than XEMD's 5.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GSIB Themes Global Systemically Important Banks ETF | 1.55% | 1.91% | 1.67% | 0.00% | 0.00% |
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 5.82% | 6.15% | 6.30% | 6.19% | 3.08% |
Frequently Asked Questions
GSIB and XEMD have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSIB has higher volatility (5.74%) compared to XEMD (0.96%). In terms of maximum drawdown, GSIB dropped -17.71% vs XEMD's -10.01%.
On 1-year performance, GSIB leads with 46.76% vs 8.88% for XEMD. On fees, XEMD is cheaper at 0.29% per year. On volatility, XEMD has been the lower-risk option at 0.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GSIB has performed better with a 46.76% return vs 8.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XEMD is cheaper with a 0.29% expense ratio, compared with 0.35% for GSIB.
XEMD has the higher dividend yield at 5.82%, compared with 1.55% for GSIB.
GSIB is categorized as Financials Equities, while XEMD is Emerging Markets Bonds. They also come from different issuers: Themes and BondBloxx. Their fees differ too: 0.35% for GSIB and 0.29% for XEMD.
GSIB currently has the higher Sharpe Ratio (2.63 vs 1.88), 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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