SPC vs. GSIB

Last updated Apr 2, 2026

Compare and contrast key facts about CrossingBridge Pre-Merger SPAC ETF (SPC) and Themes Global Systemically Important Banks ETF (GSIB).

SPC and GSIB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPC is an actively managed fund by CrossingBridge. It was launched on Sep 20, 2021. GSIB is an actively managed fund by Themes. It was launched on Dec 14, 2023.

Performance

SPC vs. GSIB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CrossingBridge Pre-Merger SPAC ETF (SPC) and Themes Global Systemically Important Banks ETF (GSIB). The values are adjusted to include any dividend payments, if applicable.

SPC vs. GSIB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPC CrossingBridge Pre-Merger SPAC ETF	1.37%	5.02%	4.57%	0.10%
GSIB Themes Global Systemically Important Banks ETF	-1.84%	61.67%	32.86%	2.35%

Returns By Period

In the year-to-date period, SPC achieves a 1.37% return, which is significantly higher than GSIB's -1.84% return.

SPC

• 1D: -1.51%
• 1M: -0.08%
• YTD: 1.37%
• 6M: 1.50%
• 1Y: 4.89%
• 3Y*: 5.09%
• 5Y*: —
• 10Y*: —

GSIB

• 1D: -0.38%
• 1M: 0.05%
• YTD: -1.84%
• 6M: 10.79%
• 1Y: 38.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPC vs. GSIB - Expense Ratio Comparison

SPC has a 0.81% expense ratio, which is higher than GSIB's 0.35% expense ratio.

SPC

CrossingBridge Pre-Merger SPAC ETF

GSIB

Themes Global Systemically Important Banks ETF

Return for Risk

SPC vs. GSIB — Risk / Return Rank

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

SPC

SPC Risk / Return Rank: 25
SPC Sharpe Ratio Rank: 21
SPC Sortino Ratio Rank: 21
SPC Omega Ratio Rank: 26
SPC Calmar Ratio Rank: 30
SPC Martin Ratio Rank: 27

GSIB

GSIB Risk / Return Rank: 83
GSIB Sharpe Ratio Rank: 86
GSIB Sortino Ratio Rank: 87
GSIB Omega Ratio Rank: 84
GSIB Calmar Ratio Rank: 82
GSIB Martin Ratio Rank: 75

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.

SPC vs. GSIB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CrossingBridge Pre-Merger SPAC ETF (SPC) 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.

	SPC	GSIB	Difference
Sharpe ratio Return per unit of total volatility	0.38	1.86	-1.48
Sortino ratio Return per unit of downside risk	0.66	2.47	-1.81
Omega ratio Gain probability vs. loss probability	1.11	1.35	-0.23
Calmar ratio Return relative to maximum drawdown	0.91	2.70	-1.79
Martin ratio Return relative to average drawdown	2.63	9.13	-6.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPC vs. GSIB - Sharpe Ratio Comparison

The current SPC Sharpe Ratio is 0.38, which is lower than the GSIB Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of SPC and GSIB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPC	GSIB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.38	1.86	-1.48
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	2.19	-1.46

Correlation

The correlation between SPC and GSIB is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SPC vs. GSIB - Dividend Comparison

SPC's dividend yield for the trailing twelve months is around 13.86%, more than GSIB's 1.94% yield.

	TTM	2025	2024	2023	2022
SPC CrossingBridge Pre-Merger SPAC ETF	13.86%	14.05%	7.10%	3.62%	1.14%
GSIB Themes Global Systemically Important Banks ETF	1.94%	1.91%	1.67%	0.00%	0.00%

Drawdowns

SPC vs. GSIB - Drawdown Comparison

The maximum SPC drawdown since its inception was -5.42%, smaller than the maximum GSIB drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for SPC and GSIB.

Drawdown Indicators

	SPC	GSIB	Difference
Max Drawdown Largest peak-to-trough decline	-5.42%	-17.71%	+12.29%
Max Drawdown (1Y) Largest decline over 1 year	-5.42%	-13.90%	+8.48%
Current Drawdown Current decline from peak	-2.80%	-8.65%	+5.85%
Average Drawdown Average peak-to-trough decline	-0.40%	-2.08%	+1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	4.32%	-2.44%

Volatility

SPC vs. GSIB - Volatility Comparison

The current volatility for CrossingBridge Pre-Merger SPAC ETF (SPC) is 4.22%, while Themes Global Systemically Important Banks ETF (GSIB) has a volatility of 7.57%. This indicates that SPC 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

	SPC	GSIB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.22%	7.57%	-3.35%
Volatility (6M) Calculated over the trailing 6-month period	9.47%	13.14%	-3.67%
Volatility (1Y) Calculated over the trailing 1-year period	12.90%	20.85%	-7.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.54%	18.39%	-11.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.54%	18.39%	-11.85%