KXI vs. GSIB

Last updated Jun 4, 2026

KXI (iShares Global Consumer Staples ETF) and GSIB (Themes Global Systemically Important Banks ETF) are both exchange-traded funds - KXI is a Consumer Staples Equities fund tracking the S&P Global Consumer Staples Index, while GSIB is a Financials Equities fund actively managed by Themes. KXI is passively managed, while GSIB is actively managed. Over the past year, KXI returned 1.68% vs 42.41% for GSIB. At a 0.28 correlation, their price movements are largely independent. KXI charges 0.46%/yr vs 0.35%/yr for GSIB.

Performance

KXI vs. GSIB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Consumer Staples ETF (KXI) and Themes Global Systemically Important Banks ETF (GSIB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KXI achieves a 3.26% return, which is significantly lower than GSIB's 9.75% return.

KXI

• 1D: 0.15%
• 1M: -1.82%
• YTD: 3.26%
• 6M: 2.93%
• 1Y: 1.68%
• 3Y*: 5.80%
• 5Y*: 3.75%
• 10Y*: 5.53%

GSIB

• 1D: -1.07%
• 1M: 5.66%
• YTD: 9.75%
• 6M: 16.02%
• 1Y: 42.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KXI vs. GSIB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KXI iShares Global Consumer Staples ETF	3.26%	9.68%	4.20%	2.34%
GSIB Themes Global Systemically Important Banks ETF	9.75%	61.67%	32.86%	2.35%

Correlation

The correlation between KXI and GSIB is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (All Time) Calculated using the full available price history since Dec 18, 2023	0.28

KXI vs. GSIB - Sectors Allocation Comparison

Sectors	KXI	GSIB
Consumer Defensive	96.9%	-
Consumer Cyclical	3.1%	-
Basic Materials	-	-
Communication Services	-	-
Energy	-	-
Financial Services	-	100.0%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

KXI vs. GSIB — Risk / Return Rank

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

KXI

KXI Risk / Return Rank: 10
KXI Sharpe Ratio Rank: 10
KXI Sortino Ratio Rank: 10
KXI Omega Ratio Rank: 9
KXI Calmar Ratio Rank: 10
KXI Martin Ratio Rank: 10

GSIB

GSIB Risk / Return Rank: 68
GSIB Sharpe Ratio Rank: 75
GSIB Sortino Ratio Rank: 75
GSIB Omega Ratio Rank: 68
GSIB Calmar Ratio Rank: 61
GSIB Martin Ratio Rank: 60

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.

KXI vs. GSIB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Consumer Staples ETF (KXI) 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.

	KXI	GSIB	Difference
Sharpe ratio: Return per unit of total volatility	0.14	2.47	-2.33
Sortino ratio: Return per unit of downside risk	0.28	3.43	-3.14
Omega ratio: Gain probability vs. loss probability	1.03	1.41	-0.38
Calmar ratio: Return relative to maximum drawdown	0.17	3.07	-2.90
Martin ratio: Return relative to average drawdown	0.37	10.80	-10.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KXI vs. GSIB - Sharpe Ratio Comparison

The current KXI Sharpe Ratio is 0.14, which is lower than the GSIB Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of KXI and GSIB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KXI	GSIB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.14	2.47	-2.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	2.35	-1.87

Drawdowns

KXI vs. GSIB - Drawdown Comparison

The maximum KXI drawdown since its inception was -42.27%, which is greater than GSIB's maximum drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for KXI and GSIB.

Drawdown Indicators

	KXI	GSIB	Difference
Max Drawdown Largest peak-to-trough decline	-42.27%	-17.71%	-24.56%
Max Drawdown (1Y) Largest decline over 1 year	-10.24%	-13.90%	+3.66%
Max Drawdown (3Y) Largest decline over 3 years	-11.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.45%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-24.59%	—	—
Current Drawdown Current decline from peak	-9.24%	-1.07%	-8.17%
Average Drawdown Average peak-to-trough decline	-5.36%	-2.06%	-3.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.62%	3.94%	+0.68%

Volatility

KXI vs. GSIB - Volatility Comparison

The current volatility for iShares Global Consumer Staples ETF (KXI) is 3.90%, while Themes Global Systemically Important Banks ETF (GSIB) has a volatility of 5.26%. This indicates that KXI experiences smaller price fluctuations and is considered to be less risky than GSIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KXI	GSIB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	5.26%	-1.36%
Volatility (6M) Calculated over the trailing 6-month period	9.33%	13.97%	-4.64%
Volatility (1Y) Calculated over the trailing 1-year period	11.78%	17.24%	-5.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.45%	18.45%	-6.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.74%	18.45%	-4.71%

KXI vs. GSIB - Expense Ratio Comparison

KXI has a 0.46% expense ratio, which is higher than GSIB's 0.35% expense ratio.

Dividends

KXI vs. GSIB - Dividend Comparison

KXI's dividend yield for the trailing twelve months is around 2.22%, more 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%
KXI iShares Global Consumer Staples ETF	2.22%	2.29%	2.51%	2.99%	1.98%	2.26%	2.34%	2.17%	2.97%	2.17%	2.34%	2.20%

Frequently Asked Questions

Can I hold both KXI and GSIB in my portfolio?

KXI and GSIB have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KXI or GSIB?

GSIB has higher volatility (5.26%) compared to KXI (3.90%). In terms of maximum drawdown, KXI dropped -42.27% vs GSIB's -17.71%.

Which ETF is better, KXI or GSIB?

On 1-year performance, GSIB leads with 42.41% vs 1.68% for KXI. On fees, GSIB is cheaper at 0.35% per year. On volatility, KXI has been the lower-risk option at 3.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KXI or GSIB?

Over the 1-year period, GSIB has performed better with a 42.41% return vs 1.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KXI or GSIB?

GSIB is cheaper with a 0.35% expense ratio, compared with 0.46% for KXI.

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

KXI has the higher dividend yield at 2.22%, compared with 1.74% for GSIB.

What is the main difference between KXI and GSIB?

KXI is categorized as Consumer Staples Equities, while GSIB is Financials Equities. They also come from different issuers: iShares and Themes. Their fees differ too: 0.46% for KXI and 0.35% for GSIB.

Which has better risk-adjusted returns?

GSIB currently has the higher Sharpe Ratio (2.47 vs 0.14), 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.