MAGS vs. GSIB

Last updated Jun 10, 2026

MAGS (Roundhill Magnificent Seven ETF) and GSIB (Themes Global Systemically Important Banks ETF) are both exchange-traded funds - MAGS is a Technology Equities fund actively managed by Roundhill, while GSIB is a Financials Equities fund actively managed by Themes. Both are actively managed. Over the past year, MAGS returned 25.07% vs 41.35% for GSIB. At a 0.41 correlation, their price movements are largely independent. MAGS charges 0.29%/yr vs 0.35%/yr for GSIB.

Performance

MAGS vs. GSIB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Magnificent Seven ETF (MAGS) 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, MAGS achieves a -0.45% return, which is significantly lower than GSIB's 10.48% return.

MAGS

• 1D: -1.31%
• 1M: -5.69%
• YTD: -0.45%
• 6M: -0.80%
• 1Y: 25.07%
• 3Y*: 32.58%
• 5Y*: —
• 10Y*: —

GSIB

• 1D: 0.08%
• 1M: 4.13%
• YTD: 10.48%
• 6M: 15.45%
• 1Y: 41.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAGS vs. GSIB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MAGS Roundhill Magnificent Seven ETF	-0.45%	22.99%	63.97%	2.64%
GSIB Themes Global Systemically Important Banks ETF	10.48%	61.67%	32.86%	1.75%

Correlation

The correlation between MAGS and GSIB is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (All Time) Calculated using the full available price history since Dec 15, 2023	0.41

The correlation between MAGS and GSIB shifts across timeframes, from 0.41 (all time) to 0.52 (1 year), reflecting how their relationship changes across market environments.

MAGS vs. GSIB - Sectors Allocation Comparison

Sectors	MAGS	GSIB
Technology	15.3%	-
Consumer Cyclical	10.3%	-
Communication Services	9.1%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	100.0%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

MAGS vs. GSIB — Risk / Return Rank

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

MAGS

MAGS Risk / Return Rank: 36
MAGS Sharpe Ratio Rank: 39
MAGS Sortino Ratio Rank: 38
MAGS Omega Ratio Rank: 37
MAGS Calmar Ratio Rank: 31
MAGS Martin Ratio Rank: 34

GSIB

GSIB Risk / Return Rank: 76
GSIB Sharpe Ratio Rank: 84
GSIB Sortino Ratio Rank: 84
GSIB Omega Ratio Rank: 77
GSIB Calmar Ratio Rank: 67
GSIB Martin Ratio Rank: 65

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.

MAGS vs. GSIB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven ETF (MAGS) 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.

	MAGS	GSIB	Difference
Sharpe ratio: Return per unit of total volatility	1.25	2.39	-1.15
Sortino ratio: Return per unit of downside risk	1.75	3.33	-1.58
Omega ratio: Gain probability vs. loss probability	1.22	1.40	-0.18
Calmar ratio: Return relative to maximum drawdown	1.35	2.99	-1.64
Martin ratio: Return relative to average drawdown	4.64	10.53	-5.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAGS vs. GSIB - Sharpe Ratio Comparison

The current MAGS Sharpe Ratio is 1.25, which is lower than the GSIB Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of MAGS 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

	MAGS	GSIB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	2.39	-1.15
Sharpe Ratio (All Time) Calculated using the full available price history	1.44	2.33	-0.89

Drawdowns

MAGS vs. GSIB - Drawdown Comparison

The maximum MAGS drawdown since its inception was -29.91%, which is greater than GSIB's maximum drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for MAGS and GSIB.

Drawdown Indicators

	MAGS	GSIB	Difference
Max Drawdown Largest peak-to-trough decline	-29.91%	-17.71%	-12.20%
Max Drawdown (1Y) Largest decline over 1 year	-18.62%	-13.90%	-4.72%
Max Drawdown (3Y) Largest decline over 3 years	-29.91%	—	—
Current Drawdown Current decline from peak	-7.44%	-1.05%	-6.39%
Average Drawdown Average peak-to-trough decline	-4.70%	-2.05%	-2.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.42%	3.94%	+1.48%

Volatility

MAGS vs. GSIB - Volatility Comparison

Roundhill Magnificent Seven ETF (MAGS) has a higher volatility of 5.85% compared to Themes Global Systemically Important Banks ETF (GSIB) at 4.58%. This indicates that MAGS'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.

Volatility by Period

	MAGS	GSIB	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.85%	4.58%	+1.27%
Volatility (6M) Calculated over the trailing 6-month period	14.90%	14.12%	+0.78%
Volatility (1Y) Calculated over the trailing 1-year period	20.23%	17.35%	+2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.98%	18.44%	+7.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.98%	18.44%	+7.54%

MAGS vs. GSIB - Expense Ratio Comparison

MAGS has a 0.29% expense ratio, which is lower than GSIB's 0.35% expense ratio.

Dividends

MAGS vs. GSIB - Dividend Comparison

MAGS's dividend yield for the trailing twelve months is around 1.49%, less than GSIB's 1.73% yield.

Position	TTM	2025	2024	2023
GSIB Themes Global Systemically Important Banks ETF	1.73%	1.91%	1.67%	0.00%
MAGS Roundhill Magnificent Seven ETF	1.49%	1.48%	0.81%	0.44%

Frequently Asked Questions

Can I hold both MAGS and GSIB in my portfolio?

MAGS and GSIB have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAGS or GSIB?

MAGS has higher volatility (5.85%) compared to GSIB (4.58%). In terms of maximum drawdown, MAGS dropped -29.91% vs GSIB's -17.71%.

Which ETF is better, MAGS or GSIB?

On 1-year performance, GSIB leads with 41.35% vs 25.07% for MAGS. On fees, MAGS is cheaper at 0.29% per year. On volatility, GSIB has been the lower-risk option at 4.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGS or GSIB?

Over the 1-year period, GSIB has performed better with a 41.35% return vs 25.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGS or GSIB?

MAGS is cheaper with a 0.29% expense ratio, compared with 0.35% for GSIB.

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

GSIB has the higher dividend yield at 1.73%, compared with 1.49% for MAGS.

What is the main difference between MAGS and GSIB?

MAGS is categorized as Technology Equities, while GSIB is Financials Equities. They also come from different issuers: Roundhill and Themes. Their fees differ too: 0.29% for MAGS and 0.35% for GSIB.

Which has better risk-adjusted returns?

GSIB currently has the higher Sharpe Ratio (2.39 vs 1.25), 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.