IYZ vs. GSIB
IYZ (iShares U.S. Telecommunications ETF) and GSIB (Themes Global Systemically Important Banks ETF) are both exchange-traded funds - IYZ is a Communications Equities fund tracking the Dow Jones U.S. Select Telecommunications Index, while GSIB is a Financials Equities fund actively managed by Themes. IYZ is passively managed, while GSIB is actively managed. Over the past year, IYZ returned 59.79% vs 42.41% for GSIB. At a 0.47 correlation, their price movements are largely independent. IYZ charges 0.42%/yr vs 0.35%/yr for GSIB.
Performance
IYZ vs. GSIB - Performance Comparison
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Returns By Period
In the year-to-date period, IYZ achieves a 32.03% return, which is significantly higher than GSIB's 9.75% return.
IYZ
- 1D
- -2.96%
- 1M
- 4.94%
- YTD
- 32.03%
- 6M
- 38.73%
- 1Y
- 59.79%
- 3Y*
- 30.34%
- 5Y*
- 8.18%
- 10Y*
- 6.28%
GSIB
- 1D
- -1.07%
- 1M
- 5.66%
- YTD
- 9.75%
- 6M
- 16.02%
- 1Y
- 42.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYZ vs. GSIB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IYZ iShares U.S. Telecommunications ETF | 32.03% | 29.28% | 20.53% | 2.25% |
GSIB Themes Global Systemically Important Banks ETF | 9.75% | 61.67% | 32.86% | 2.35% |
Correlation
The correlation between IYZ and GSIB is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2023 | 0.47 |
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Return for Risk
IYZ vs. GSIB — Risk / Return Rank
IYZ
GSIB
IYZ vs. GSIB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Telecommunications ETF (IYZ) and Themes Global Systemically Important Banks ETF (GSIB). 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.
| IYZ | GSIB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.41 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 9.54 | 3.07 | +6.48 |
| Martin ratioReturn relative to average drawdown | 32.08 | 10.80 | +21.28 |
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
| IYZ | GSIB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.35 | 2.47 | +0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 2.35 | -2.28 |
Drawdowns
IYZ vs. GSIB - Drawdown Comparison
The maximum IYZ drawdown since its inception was -77.11%, which is greater than GSIB's maximum drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for IYZ and GSIB.
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Drawdown Indicators
| IYZ | GSIB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.11% | -17.71% | -59.40% |
Max Drawdown (1Y)Largest decline over 1 year | -6.30% | -13.90% | +7.60% |
Max Drawdown (3Y)Largest decline over 3 years | -13.85% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -39.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.74% | — | — |
Current DrawdownCurrent decline from peak | -2.96% | -1.07% | -1.89% |
Average DrawdownAverage peak-to-trough decline | -40.14% | -2.06% | -38.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 3.94% | -2.07% |
Volatility
IYZ vs. GSIB - Volatility Comparison
iShares U.S. Telecommunications ETF (IYZ) has a higher volatility of 7.44% compared to Themes Global Systemically Important Banks ETF (GSIB) at 5.26%. This indicates that IYZ's price experiences larger fluctuations and is considered to be riskier than GSIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYZ | GSIB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | 5.26% | +2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 14.76% | 13.97% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.95% | 17.24% | +0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.75% | 18.45% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.25% | 18.45% | +0.80% |
IYZ vs. GSIB - Expense Ratio Comparison
IYZ has a 0.42% expense ratio, which is higher than GSIB's 0.35% expense ratio.
Dividends
IYZ vs. GSIB - Dividend Comparison
IYZ's dividend yield for the trailing twelve months is around 1.50%, less than GSIB's 1.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSIB Themes Global Systemically Important Banks ETF | 1.74% | 1.91% | 1.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYZ iShares U.S. Telecommunications ETF | 1.50% | 2.04% | 1.94% | 2.27% | 2.55% | 2.51% | 2.60% | 2.36% | 2.15% | 3.54% | 2.27% | 1.98% |
Frequently Asked Questions
IYZ and GSIB 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.
IYZ has higher volatility (7.44%) compared to GSIB (5.26%). In terms of maximum drawdown, IYZ dropped -77.11% vs GSIB's -17.71%.
On 1-year performance, IYZ leads with 59.79% vs 42.41% for GSIB. On fees, GSIB is cheaper at 0.35% per year. On volatility, GSIB has been the lower-risk option at 5.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IYZ has performed better with a 59.79% return vs 42.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSIB is cheaper with a 0.35% expense ratio, compared with 0.42% for IYZ.
GSIB has the higher dividend yield at 1.74%, compared with 1.50% for IYZ.
IYZ is categorized as Communications Equities, while GSIB is Financials Equities. They also come from different issuers: iShares and Themes. Their fees differ too: 0.42% for IYZ and 0.35% for GSIB.
IYZ currently has the higher Sharpe Ratio (3.35 vs 2.47), 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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