Themes Global Systemically Important Banks ETF (GSIB) Performance
GSIB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.7% since Dec 31, 2025
- 1 year
- +27.0% total return
- Since first price
- +145.6% since 2023
GSIB trailing returns vs SPY, QQQ, AGG
| Period | GSIB total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −6.6% | −6.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −6.0% | −6.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.1% | +7.1% | +7.8% | +8.4% | −1.5% |
| YTD | +11.7% | +11.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +27.0% | +24.6% | +14.4% | +15.9% | −1.1% |
| Since inceptionDec 15, 2023 | +145.6% | +136.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: GSIB vs SPY
From Dec 15, 2023: GSIB grew to $24,556, SPY to $16,723.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GSIB returns by calendar year
2 of 2 full years positive. Best 2025 (+61.7%), worst 2024 (+32.9%). 2026 is year to date.
GSIB annual returns table
| Year | GSIB | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.7% | −13.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +61.7% | −17.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +32.9% | −9.5% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
GSIB largest drawdowns
Now 11.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 25, 2025 | −17.7% | Apr 8, 2025 | May 12, 2025 | 14 days | 48 days |
| Feb 9, 2026 | −13.9% | Mar 13, 2026 | May 6, 2026 | 32 days | 3 months |
| Sep 4, 2026 | −11.9% | Oct 23, 2026 | not yet | 49 days | 49 days so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
GSIB risk statistics
| Statistic | Since 2023 |
|---|---|
| Annualized return | +40.4% |
| Volatility (annualized) | 13.0% |
| Sharpe ratio | 2.39 |
| Sortino ratio | 6.55 |
| Best month | +9.6% |
| Worst month | −5.0% |
| Best 12 months | +61.7% |
| Worst 12 months | +31.7% |
| Positive months | 79% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
GSIB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 23 | +24.3% | +45.4% | +61.7% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
GSIB performance overview
Themes Global Systemically Important Banks ETF (GSIB) returned +27.0% over the past year, with distributions reinvested. Since its first recorded price on Dec 15, 2023 it has returned +145.6%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −17.7%, from Mar 25, 2025 to Apr 8, 2025, and it took 34 days to get back to the old high. Volatility has been 13.0% a year.
Related: GSIB chart, GSIB holdings, GSIB dividends. See the GSIB overview for the latest quote and fund facts.
GSIB performance FAQ
What is the GSIB return over the past year?
GSIB returned +27.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 24.6%.
How much would $10,000 invested in GSIB be worth?
$10,000 invested in GSIB at its first recorded close on December 15, 2023 would be worth about $24,556 on October 23, 2026 with distributions reinvested.
What was the worst year for GSIB?
The worst calendar year was 2024, with a total return of +32.9%. The best was 2025 at +61.7%.
What is the biggest drawdown of GSIB?
The largest peak-to-trough decline was −17.7% between March 25, 2025 and April 8, 2025. It recovered to the old high on May 12, 2025, 34 days after the bottom.
How volatile is GSIB?
Over the past history GSIB had an annualized volatility of 13.0% and a Sharpe ratio of 2.39 (excess return over 1–3 month T-bills per unit of risk).