GSIB vs IVV
Themes Global Systemically Important Banks ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. GSIB delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | GSIB | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $37M | $865.2B | |
| Dividend Yield | 1.68% | 1.09% | |
| Holdings | 63 | 508 | |
| YTD Return | +22.17% | +14.50% | |
| 1Y Return | +42.41% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 12.3% | 15.1% | |
| Max Drawdown | -17.7% | -56.5% | |
| Fund Family | Themes ETFs | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Dec 15, 2023 | May 15, 2000 |
GSIB vs IVV Performance
Themes Global Systemically Important Banks ETF (GSIB) is a ETF from Themes ETFs and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GSIB returned +42.41% while IVV returned +22.02%. Year to date, GSIB is up 22.17% versus a gain of 14.50% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.3% for GSIB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -17.7% for GSIB and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GSIB charges 0.35% per year while IVV charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, GSIB currently yields 1.68% against 1.09% for IVV.
Holdings Overlap
GSIB and IVV share 7 holdings out of 527 unique holdings combined, representing a 3.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GSIB or IVV?
GSIB has an expense ratio of 0.35% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, GSIB or IVV?
Over the past year GSIB returned +42.41% vs +22.02% for IVV, so GSIB leads on 1-year performance. Over the longest common window we track (3 years), GSIB annualized +46.78% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, GSIB or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 12.3% for GSIB. Worst drawdown: GSIB -17.7% vs IVV -56.5%.
Should I hold both GSIB and IVV?
GSIB and IVV have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GSIB and IVV?
GSIB and IVV share 7 common holdings with a 3.8% weight overlap. Combined, they hold 527 unique securities.
Which pays a higher dividend, GSIB or IVV?
GSIB yields 1.68% while IVV yields 1.09%, so GSIB currently pays the higher dividend yield.
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