RBIL vs. GSIB

Last updated Aug 4, 2026

RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) and GSIB (Themes Global Systemically Important Banks ETF) are both exchange-traded funds - RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index, while GSIB is a Financials Equities fund actively managed by Themes. RBIL is passively managed, while GSIB is actively managed. Over the past year, RBIL returned 3.92% vs 49.59% for GSIB. Their -0.27 correlation means they have often moved in opposite directions in the past. RBIL charges 0.17%/yr vs 0.35%/yr for GSIB.

Performance

RBIL vs. GSIB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) 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, RBIL achieves a 2.68% return, which is significantly lower than GSIB's 23.08% return.

RBIL

• 1D: -0.02%
• 1M: 0.24%
• 6M: 2.36%
• YTD: 2.68%
• 1Y: 3.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.88%

GSIB

• 1D: 0.34%
• 1M: 6.91%
• 6M: 16.90%
• YTD: 23.08%
• 1Y: 49.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 45.60%

*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	$1.86M	$1.42M	$773.56K
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	$1.11M	$1.90M	$2.32M

RBIL vs. GSIB - Yearly Performance Comparison

	2026 (YTD)	2025
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	2.68%	2.85%
GSIB Themes Global Systemically Important Banks ETF	23.08%	44.13%

Correlation

The correlation between RBIL and GSIB is -0.28, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.28
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025	-0.27

Return for Risk

RBIL vs. GSIB — Risk / Return Rank

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

RBIL

RBIL Risk / Return Rank: 97
RBIL Sharpe Ratio Rank: 98
RBIL Sortino Ratio Rank: 98
RBIL Omega Ratio Rank: 98
RBIL Calmar Ratio Rank: 97
RBIL Martin Ratio Rank: 97

GSIB

GSIB Risk / Return Rank: 91
GSIB Sharpe Ratio Rank: 95
GSIB Sortino Ratio Rank: 94
GSIB Omega Ratio Rank: 92
GSIB Calmar Ratio Rank: 87
GSIB Martin Ratio Rank: 86

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.

RBIL vs. GSIB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) 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.

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.

	RBIL	GSIB	Difference
Sharpe ratio: Return per unit of total volatility	4.11	2.80	+1.31
Sortino ratio: Return per unit of downside risk	6.33	3.86	+2.46
Omega ratio: Gain probability vs. loss probability	2.05	1.46	+0.59
Calmar ratio: Return relative to maximum drawdown	7.00	3.58	+3.42
Martin ratio: Return relative to average drawdown	28.60	12.59	+16.01

RBIL vs. GSIB - Sharpe Ratio Comparison

The current RBIL Sharpe Ratio is 4.11, which is higher than the GSIB Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of RBIL 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.

Drawdowns

RBIL vs. GSIB - Drawdown Comparison

The maximum RBIL drawdown since its inception was -0.56%, smaller than the maximum GSIB drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for RBIL and GSIB.

Drawdown Indicators

	RBIL	GSIB	Difference
Max Drawdown Largest peak-to-trough decline	-0.56%	-17.71%	+17.15%
Max Drawdown (1Y) Largest decline over 1 year	-0.56%	-13.90%	+13.34%
Current Drawdown Current decline from peak	-0.15%	0.00%	-0.15%
Average Drawdown Average peak-to-trough decline	-0.08%	-1.99%	+1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.14%	3.95%	-3.81%

Volatility

RBIL vs. GSIB - Volatility Comparison

The current volatility for F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) is 0.30%, while Themes Global Systemically Important Banks ETF (GSIB) has a volatility of 5.73%. This indicates that RBIL 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

	RBIL	GSIB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.30%	5.73%	-5.43%
Volatility (6M) Calculated over the trailing 6-month period	0.90%	14.90%	-14.00%
Volatility (1Y) Calculated over the trailing 1-year period	0.96%	17.83%	-16.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.06%	18.45%	-17.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.06%	18.45%	-17.39%

RBIL vs. GSIB - Expense Ratio Comparison

RBIL has a 0.17% expense ratio, which is lower than GSIB's 0.35% expense ratio.

Dividends

RBIL vs. GSIB - Dividend Comparison

RBIL's dividend yield for the trailing twelve months is around 4.16%, more than GSIB's 1.55% yield.

Position	TTM	2025	2024
GSIB Themes Global Systemically Important Banks ETF	1.55%	1.91%	1.67%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	4.16%	3.65%	0.00%

Frequently Asked Questions

Can I hold both RBIL and GSIB in my portfolio?

RBIL and GSIB have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RBIL or GSIB?

GSIB has higher volatility (5.73%) compared to RBIL (0.30%). In terms of maximum drawdown, RBIL dropped -0.56% vs GSIB's -17.71%.

Which ETF is better, RBIL or GSIB?

On 1-year performance, GSIB leads with 49.59% vs 3.92% for RBIL. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RBIL or GSIB?

Over the 1-year period, GSIB has performed better with a 49.59% return vs 3.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RBIL or GSIB?

RBIL is cheaper with a 0.17% expense ratio, compared with 0.35% for GSIB.

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

RBIL has the higher dividend yield at 4.16%, compared with 1.55% for GSIB.

What is the main difference between RBIL and GSIB?

RBIL is categorized as Inflation-Protected Bonds, while GSIB is Financials Equities. They also come from different issuers: F/m and Themes. Their fees differ too: 0.17% for RBIL and 0.35% for GSIB.

Which has better risk-adjusted returns?

RBIL currently has the higher Sharpe Ratio (4.11 vs 2.80), 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.