GSIB vs IVV
Themes Global Systemically Important Banks ETF vs iShares Core S&P 500 ETF
Which is better, GSIB or IVV?
GSIB has been ahead.
IVV has a lower expense ratio. GSIB led over 1Y and the full window. GSIB is less concentrated, with 37.3% of the fund in its ten largest positions against 38.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GSIB | IVV |
|---|---|---|
| Expense Ratio | 0.35% | 0.03%Best |
| AUM | $40M | $896.5B |
| Dividend Yield | 1.61% | 1.10% |
| Holdings | 32 | 508 |
| YTD Return | +12.38% | +13.59%Best |
| 1Y Return | +30.03%Best | +17.54% |
| 3Y Return (annualized) | - | +22.46% |
| 5Y Return (annualized) | - | +13.28% |
| Volatility (annualized) | 13.3% | 11.7%Best |
| Max Drawdown | -17.7%Best | -18.8% |
| $10,000 over 2.8 years | $25,281Best | $16,872 |
| Top 10 Weight | 37.3%Best | 38.9% |
| Fund Family | Themes ETFs | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 15, 2023 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Dec 15, 2023 to Oct 14, 2026 (2.8 years).
GSIB vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.8 years both funds cover.
GSIB vs IVV Performance
Themes Global Systemically Important Banks ETF (GSIB) is an ETF from Themes ETFs and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year GSIB returned +30.03% while IVV returned +17.54%. Year to date, GSIB is up 12.38% versus a gain of 13.59% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GSIB has been the more volatile fund, with annualized monthly volatility of 13.3% compared with 11.7% for IVV. 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 -18.8% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.50. They move together some of the time, and apart the rest.
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 1.61% against 1.10% for IVV.
Holdings Overlap
28.3% of GSIB's money is in holdings IVV also owns. 3.5% of IVV's money is in holdings GSIB also owns.
GSIB and IVV share little of their money.
8 positions in common, counted across the 29 positions we hold weights for in GSIB and 506 in IVV, against full books of 32 and 508.
What only one of them owns
Our book lists 492 positions for IVV that do not appear in our book for GSIB (95.9% of the fund), and 7 for GSIB that do not appear in IVV (21.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in GSIB | Weight in IVV | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 3.56% | 1.34% | 2.22% |
| BACBank of America Corp.: Financials | 3.48% | 0.53% | 2.95% |
| GSGoldman Sachs Group Inc/The | 3.56% | 0.39% | 3.17% |
| CCitigroup Inc. | 3.61% | 0.32% | 3.29% |
| MSMorgan Stanley | 3.53% | 0.34% | 3.19% |
| WFCWells Fargo & Co. | 3.47% | 0.37% | 3.10% |
| STTState Street Corp. | 3.59% | 0.07% | 3.52% |
| BKBank Of New York Mellon Corp | 3.50% | 0.15% | 3.35% |
28.3% of GSIB is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $32 a year on a $10,000 investment.
Which performed better, GSIB or IVV?
Over the past year GSIB returned +30.03% vs +17.54% for IVV, so GSIB leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GSIB or IVV?
GSIB has been the more volatile fund at 13.3% annualized versus 11.7% for IVV. Worst drawdown: GSIB -17.7% vs IVV -18.8%.
Should I hold both GSIB and IVV?
GSIB and IVV have a monthly-return correlation of 0.50, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GSIB and IVV?
28.3% of GSIB's money is in holdings IVV also owns. 3.5% of IVV's is in holdings GSIB also owns. They hold 8 positions in common, counted across the 29 positions we hold weights for in GSIB and 506 in IVV.
Which pays a higher dividend, GSIB or IVV?
GSIB yields 1.61% while IVV yields 1.10%, so GSIB currently pays the higher dividend yield.
Is IVV better than GSIB?
IVV has a lower expense ratio. GSIB led over 1Y and the full window. GSIB is less concentrated, with 37.3% of the fund in its ten largest positions against 38.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.