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
3.0 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Fund sponsor | Themes |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 14, 2023 |
| Assets (mns) | $3 |
| Expense ratio | 35 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| WELLS FARGO & CO | 4.4 % |
| MORGAN STANLEY | 4.3 % |
| BANK OF NEW YORK MELLON CORP | 4.1 % |
| STATE STREET CORP | 4.1 % |
| GOLDMAN SACHS GROUP INC | 4.0 % |
| MIZUHO FINANCIAL GROUP-ADR | 4.0 % |
| BANK OF AMERICA CORP | 3.8 % |
| JPMORGAN CHASE & CO | 3.8 % |
| MITSUBISHI UFJ FINL GRP-ADR | 3.7 % |
| STANDARD CHARTERED PLC | 3.7 % |
Constituent Breakdown
| Number of holdings | 27 |
| Herfindahl-Hirschman Index | 360 |
| Wgt avg mkt cap (mns) | $146,682 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 85.1% |
| Emerging mkts. | 14.9% |
Country Exposure
 |
UNITED STATES | 32.2 % |
 |
CHINA | 13.6 % |
 |
JAPAN | 11.3 % |
 |
FRANCE | 9.5 % |
 |
BRITAIN | 6.9 % |
 |
CANADA | 6.5 % |
 |
HONG KONG | 3.5 % |
 |
SWITZERLAND | 3.4 % |
 |
SPAIN | 3.3 % |
 |
GERMANY | 3.3 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 17.9% | -- | -- | -- | -- | -- | 17.9% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 3.3% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $10,587 |
Technical Indicators
| Recent close | $33.53 |
| 30d moving avg. | $31.77 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 0 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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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 | 31.7% | 0 bp | -6.0% |
| IYF | iShares U.S. Financials ETF | 21.4% | +5 bp | -8.0% |
| IYG | iShares US Financial Services ETF | 21.0% | +5 bp | -8.4% |
| XLF | Financial Select Sector SPDR Fund | 19.5% | -26 bp | -8.1% |
| IXG | iShares Global Financials ETF | 18.4% | +7 bp | -7.2% |
| VFH | Vanguard Financials ETF | 17.9% | -25 bp | -7.7% |
| FNCL | Fidelity MSCI Financials Index ETF | 17.7% | -27 bp | -7.8% |
| UDI | USCF Dividend Income Fund | 17.2% | +30 bp | -6.2% |
| DFNL | Davis Select Financial ETF | 16.5% | +28 bp | -6.8% |
| SPVU | Invesco S&P 500 Enhanced Value ETF | 16.3% | -22 bp | -4.5% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
GSIB
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
GSIB
13.3%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. GSIB's ALTAR Score™ is approximately
2.0 standard deviations
above
the category average. This places GSIB in the 98th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GSIBSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| GSIB (35 bp) Percentile rank | 11 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| GSIB | 35.0 | 0.0 | 35 |
| Peer Avg. | 49.9 | 29.4 | 79.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .