Themes Global Systemically Important Banks ETF (GSIB) — Stock Correlations & Overview
Over the past year, GSIB has moved most closely with IXG, EUFN, BCS. Explore the stocks most correlated and inversely correlated with GSIB below, along with its price, financials, and company profile.
Stocks correlated with GSIB
Correlation of daily returns. Higher positive values move with GSIB; negative values move opposite it. Informational only, not investment advice.
Most correlated with GSIB
| Symbol | Company | Correlation |
|---|---|---|
| IXG | iShares Global Financials ETF | 0.88 |
| EUFN | iShares MSCI Europe Financials ETF | 0.88 |
| BCS | Barclays PLC | 0.84 |
| IDMO | Invesco S&P International Developed Momentum ETFINVESTMENT ADVICE | 0.82 |
| TIIV | AAM Todd International Intrinsic Value ETF | 0.82 |
Most inversely correlated with GSIB
| Symbol | Company | Correlation |
|---|---|---|
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.81 |
| EPV | ProShares UltraShort FTSE Europe | -0.79 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.79 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.77 |
| SDOW | ProShares UltraPro Short Dow 30 | -0.76 |
Frequently asked questions about GSIB correlations
- Which stocks are most correlated with GSIB?
- Based on one year of daily returns, the stocks most correlated with Themes Global Systemically Important Banks ETF (GSIB) are IXG (0.88), EUFN (0.88) and BCS (0.84). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with GSIB?
- Over the past year, the stocks most inversely correlated with Themes Global Systemically Important Banks ETF (GSIB) are BNKD (-0.81), EPV (-0.79) and EFU (-0.79). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these GSIB correlations calculated?
- We compute the correlation of daily returns between GSIB and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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