GSIB vs. XLFI

Last updated Aug 2, 2026

GSIB (Themes Global Systemically Important Banks ETF) and XLFI (State Street Financial Select Sector SPDR Premium Income ETF) are both exchange-traded funds - GSIB is a Financials Equities fund actively managed by Themes, while XLFI is a Derivative Income fund actively managed by State Street. Both are actively managed. Over the past year, GSIB returned 49.09% vs 11.31% for XLFI. Their 0.67 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.35% expense ratio.

Performance

GSIB vs. XLFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Global Systemically Important Banks ETF (GSIB) and State Street Financial Select Sector SPDR Premium Income ETF (XLFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSIB achieves a 22.66% return, which is significantly higher than XLFI's 3.17% return.

GSIB

• 1D: -0.11%
• 1M: 6.55%
• 6M: 18.14%
• YTD: 22.66%
• 1Y: 49.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 45.58%

XLFI

• 1D: -0.41%
• 1M: 2.09%
• 6M: 4.95%
• YTD: 3.17%
• 1Y: 11.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.72%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GSIB Themes Global Systemically Important Banks ETF	$2.37M	$1.31M	$753.15K
XLFI State Street Financial Select Sector SPDR Premium Income ETF	$205.39K	$226.21K	$175.11K

GSIB vs. XLFI - Yearly Performance Comparison

	2026 (YTD)	2025
GSIB Themes Global Systemically Important Banks ETF	22.66%	18.36%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	3.17%	5.40%

Correlation

The correlation between GSIB and XLFI is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.67

The correlation between GSIB and XLFI has been stable across timeframes, ranging from 0.67 to 0.67 - a consistent structural relationship.

GSIB vs. XLFI - Sectors Allocation Comparison

Sectors	GSIB	XLFI
Financial Services	99.6%	100.4%
Technology	0.1%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

GSIB vs. XLFI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GSIB

GSIB Risk / Return Rank: 90
GSIB Sharpe Ratio Rank: 94
GSIB Sortino Ratio Rank: 93
GSIB Omega Ratio Rank: 91
GSIB Calmar Ratio Rank: 87
GSIB Martin Ratio Rank: 85

XLFI

XLFI Risk / Return Rank: 29
XLFI Sharpe Ratio Rank: 33
XLFI Sortino Ratio Rank: 29
XLFI Omega Ratio Rank: 31
XLFI Calmar Ratio Rank: 26
XLFI Martin Ratio Rank: 27

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GSIB vs. XLFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Global Systemically Important Banks ETF (GSIB) and State Street Financial Select Sector SPDR Premium Income ETF (XLFI). 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	XLFI	Difference
Sharpe ratio: Return per unit of total volatility	2.63	0.81	+1.82
Sortino ratio: Return per unit of downside risk	3.65	1.12	+2.53
Omega ratio: Gain probability vs. loss probability	1.43	1.15	+0.28
Calmar ratio: Return relative to maximum drawdown	3.38	0.80	+2.58
Martin ratio: Return relative to average drawdown	11.87	2.26	+9.61

GSIB vs. XLFI - Sharpe Ratio Comparison

The current GSIB Sharpe Ratio is 2.63, which is higher than the XLFI Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of GSIB and XLFI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GSIB vs. XLFI - Drawdown Comparison

The maximum GSIB drawdown since its inception was -17.71%, which is greater than XLFI's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for GSIB and XLFI.

Drawdown Indicators

	GSIB	XLFI	Difference
Max Drawdown Largest peak-to-trough decline	-17.71%	-11.89%	-5.82%
Max Drawdown (1Y) Largest decline over 1 year	-13.90%	-11.89%	-2.01%
Current Drawdown Current decline from peak	-0.11%	-1.11%	+1.00%
Average Drawdown Average peak-to-trough decline	-1.99%	-3.02%	+1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.95%	4.22%	-0.27%

Volatility

GSIB vs. XLFI - Volatility Comparison

Themes Global Systemically Important Banks ETF (GSIB) has a higher volatility of 5.74% compared to State Street Financial Select Sector SPDR Premium Income ETF (XLFI) at 2.78%. This indicates that GSIB's price experiences larger fluctuations and is considered to be riskier than XLFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSIB	XLFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.74%	2.78%	+2.96%
Volatility (6M) Calculated over the trailing 6-month period	14.93%	9.08%	+5.85%
Volatility (1Y) Calculated over the trailing 1-year period	17.90%	11.88%	+6.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.46%	11.85%	+6.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.46%	11.85%	+6.61%

GSIB vs. XLFI - Expense Ratio Comparison

Both GSIB and XLFI have an expense ratio of 0.35%.

Dividends

GSIB vs. XLFI - Dividend Comparison

GSIB's dividend yield for the trailing twelve months is around 1.55%, less than XLFI's 11.29% yield.

Position	TTM	2025	2024
GSIB Themes Global Systemically Important Banks ETF	1.55%	1.91%	1.67%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	11.29%	5.57%	0.00%

Frequently Asked Questions

Can I hold both GSIB and XLFI in my portfolio?

GSIB and XLFI have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSIB or XLFI?

GSIB has higher volatility (5.74%) compared to XLFI (2.78%). In terms of maximum drawdown, GSIB dropped -17.71% vs XLFI's -11.89%.

Which ETF is better, GSIB or XLFI?

On 1-year performance, GSIB leads with 49.09% vs 11.31% for XLFI. Both ETFs have the same 0.35% expense ratio. On volatility, XLFI has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GSIB or XLFI?

Over the 1-year period, GSIB has performed better with a 49.09% return vs 11.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GSIB or XLFI?

GSIB and XLFI have the same expense ratio: 0.35% per year.

Which ETF pays a higher dividend yield, GSIB or XLFI?

XLFI has the higher dividend yield at 11.29%, compared with 1.55% for GSIB.

What is the main difference between GSIB and XLFI?

GSIB is categorized as Financials Equities, while XLFI is Derivative Income. They also come from different issuers: Themes and State Street.

Which has better risk-adjusted returns?

GSIB currently has the higher Sharpe Ratio (2.63 vs 0.81), 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.