GSIB vs VOO
Themes Global Systemically Important Banks ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. GSIB delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | GSIB | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $49M | $997.4B | |
| Dividend Yield | 1.56% | 1.08% | |
| Holdings | 32 | 509 | |
| YTD Return | +22.28% | +14.27% | |
| 1Y Return | +41.42% | +21.79% | |
| 3Y Return (annualized) | - | +22.19% | |
| 5Y Return (annualized) | - | +13.28% | |
| Volatility (annualized) | 12.3% | 14.2% | |
| Max Drawdown | -17.7% | -34.3% | |
| Fund Family | Themes ETFs | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 15, 2023 | Sep 7, 2010 |
GSIB vs VOO Performance
Themes Global Systemically Important Banks ETF (GSIB) is a ETF from Themes ETFs and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year GSIB returned +41.42% while VOO returned +21.79%. Year to date, GSIB is up 22.28% versus a gain of 14.27% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% 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 -34.3% for VOO. 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 VOO 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 1.56% against 1.08% for VOO.
Holdings Overlap
GSIB and VOO share 8 holdings out of 526 unique holdings combined, representing a 3.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GSIB or VOO?
GSIB has an expense ratio of 0.35% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, GSIB or VOO?
Over the past year GSIB returned +41.42% vs +21.79% for VOO, so GSIB leads on 1-year performance. Over the longest common window we track (3 years), GSIB annualized +46.78% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, GSIB or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 12.3% for GSIB. Worst drawdown: GSIB -17.7% vs VOO -34.3%.
Should I hold both GSIB and VOO?
GSIB and VOO 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 VOO?
GSIB and VOO share 8 common holdings with a 3.6% weight overlap. Combined, they hold 526 unique securities.
Which pays a higher dividend, GSIB or VOO?
GSIB yields 1.56% while VOO yields 1.08%, so GSIB currently pays the higher dividend yield.
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