GSIB vs VYM
Themes Global Systemically Important Banks ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. GSIB delivered stronger 1-year returns. VYM offers more diversification with 568 holdings.
Side-by-Side Comparison
| Metric | GSIB | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.04% | |
| AUM | $37M | $79.0B | |
| Dividend Yield | 1.68% | 2.86% | |
| Holdings | 63 | 568 | |
| YTD Return | +22.17% | +16.78% | |
| 1Y Return | +42.41% | +24.43% | |
| 3Y Return (annualized) | - | +18.60% | |
| 5Y Return (annualized) | - | +12.30% | |
| Volatility (annualized) | 12.3% | 14.6% | |
| Max Drawdown | -17.7% | -58.8% | |
| Fund Family | Themes ETFs | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 15, 2023 | Nov 10, 2006 |
GSIB vs VYM Performance
Themes Global Systemically Important Banks ETF (GSIB) is a ETF from Themes ETFs and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year GSIB returned +42.41% while VYM returned +24.43%. Year to date, GSIB is up 22.17% versus a gain of 16.78% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GSIB charges 0.35% per year while VYM charges 0.04%. On a $10,000 position that is $35 vs $4 annually, a gap of $31 per year that compounds over a long holding period. On income, GSIB currently yields 1.68% against 2.86% for VYM.
Holdings Overlap
GSIB and VYM share 7 holdings out of 580 unique holdings combined, representing a 8.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GSIB or VYM?
GSIB has an expense ratio of 0.35% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, GSIB or VYM?
Over the past year GSIB returned +42.41% vs +24.43% for VYM, so GSIB leads on 1-year performance. Over the longest common window we track (3 years), GSIB annualized +46.78% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, GSIB or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 12.3% for GSIB. Worst drawdown: GSIB -17.7% vs VYM -58.8%.
Should I hold both GSIB and VYM?
GSIB and VYM have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GSIB and VYM?
GSIB and VYM share 7 common holdings with a 8.7% weight overlap. Combined, they hold 580 unique securities.
Which pays a higher dividend, GSIB or VYM?
GSIB yields 1.68% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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