GSIB
Themes Global Systemically Important Banks ETF
The Themes Global Systemically Important Banks ETF seeks to provide investors with exposure to a diversified portfolio of global systemically important banks, aiming for long-term capital appreciation while managing risk through strategic allocations.
Global
EQUITY
Active
MANAGEMENT STYLE
$ 26.2 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Inception date | Dec 14, 2023 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MORGAN STANLEY | 4.1 % |
| GOLDMAN SACHS GROUP INC | 4.0 % |
| STATE STREET CORP | 4.0 % |
| STANDARD CHARTERED PLC | 4.0 % |
| UBS GROUP AG | 3.9 % |
| TORONTO-DOMINION BANK | 3.8 % |
| BANK OF NEW YORK MELLON CORP | 3.8 % |
| ROYAL BANK OF CANADA | 3.7 % |
| ING GROEP N.V.-SPONSORED ADR | 3.7 % |
| BARCLAYS PLC-SPONS ADR | 3.7 % |
Constituent Breakdown
| Number of holdings | 27 |
| Herfindahl-Hirschman Index | 349 |
| Wgt avg mkt cap (mns) | $167,279 |
| Large cap (>$10bn) | 96.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 80.9% |
| Emerging mkts. | 13.9% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 29.1 % |
 |
CHINA | 13.2 % |
 |
JAPAN | 10.5 % |
 |
FRANCE | 10.0 % |
 |
CANADA | 7.5 % |
 |
BRITAIN | 7.3 % |
 |
SWITZERLAND | 3.9 % |
 |
NETHERLANDS | 3.7 % |
 |
SPAIN | 3.5 % |
 |
GERMANY | 3.4 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 8.9% | 39.7% | 38.0% | -- | -- | -- | -- | 40.5% |
| Dividend Yield | 0.0% | 2.7% | 2.5% | -- | -- | -- | -- | 2.1% |
| Total Returns | 8.9% | 42.4% | 40.5% | -- | -- | -- | -- | 42.6% | Ann. Volatility | 21.3% | 17.2% | 19.6% | -- | -- | -- | -- | 18.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.13 | 60% |
| MSCI EAFE | 0.95 | 69% |
| MSCI Emg Mkts | 0.60 | 48% |
Liquidity Measures
| Avg. volume (000) | 6 |
| ADV traded (mns) | $0 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.25% |
Technical Indicators
| 30d moving avg. (EMA) | $55.74 |
| Relative strength (RSI) | 58 |
| MACD/Signal | 0.70/0.67 |
| Bollinger Bands (Upper/Lower) | $57.74/$54.54 |
| Short interest (% of AUM) | 2.6% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GSIB |
Expenses vs. GSIB |
ALTAR Score™ vs. GSIB |
|---|---|---|---|---|
| KBWB | Invesco KBW Bank ETF | 29.1% | 0 bp | -1.6% |
| IYF | iShares U.S. Financials ETF | 23.5% | +5 bp | -2.2% |
| IYG | iShares US Financial Services ETF | 22.9% | +5 bp | -2.9% |
| XLF | Financial Select Sector SPDR | 22.0% | -27 bp | -2.2% |
| JIVE | JPMorgan International Value ETF | 20.8% | +20 bp | -0.1% |
| VFH | Vanguard Financials ETF | 20.3% | -26 bp | -1.8% |
| IXG | iShares Global Financials ETF | 20.2% | +7 bp | -1.8% |
| FNCL | Fidelity MSCI Financials Index ETF | 19.8% | -27 bp | -1.8% |
| LVDS | JPMorgan Fundamental Data Science Large Value ETF | 17.8% | +14 bp | -3.4% |
| NYNY | Corgi NYC Based ETF | 17.3% | -15 bp | -2.6% |
Risk and Returns: GSIB vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
8.9%
ALTAR SCORE™
96th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 727 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.6%. GSIB's ALTAR Score™ is approximately 1.8 standard
deviations above the category average. This places GSIB in the 96th percentile
among funds in the category.
Sell-Side Consensus
$61.52
PRICE TARGET
+5.5%
UPSIDE