CE71.L vs. GLT5.L
CE71.L (iShares Euro Government Bond 3-7yr UCITS ETF (Acc)) and GLT5.L (Invesco UK Gilt 1-5 Year UCITS ETF Dist) are both European Government Bonds funds - CE71.L tracks the Bloomberg Euro Agg Govt TR EUR while GLT5.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 5 years, CE71.L returned -0.55%/yr vs 0.90%/yr for GLT5.L. At a 0.37 correlation, their price movements are largely independent. CE71.L charges 0.15%/yr vs 0.06%/yr for GLT5.L.
Performance
CE71.L vs. GLT5.L - Performance Comparison
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Returns By Period
In the year-to-date period, CE71.L achieves a -1.10% return, which is significantly lower than GLT5.L's 0.19% return.
CE71.L
- 1D
- 0.20%
- 1M
- 0.75%
- YTD
- -1.10%
- 6M
- -1.03%
- 1Y
- 3.12%
- 3Y*
- 2.91%
- 5Y*
- -0.55%
- 10Y*
- 1.36%
GLT5.L
- 1D
- 0.06%
- 1M
- 0.73%
- YTD
- 0.19%
- 6M
- 0.42%
- 1Y
- 3.04%
- 3Y*
- 4.09%
- 5Y*
- 0.90%
- 10Y*
- —
CE71.L vs. GLT5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CE71.L iShares Euro Government Bond 3-7yr UCITS ETF (Acc) | -1.10% | 7.79% | -2.51% | 3.91% | -7.07% | -8.68% | 8.08% | 0.94% |
GLT5.L Invesco UK Gilt 1-5 Year UCITS ETF Dist | 0.19% | 5.31% | 2.14% | 3.86% | -5.44% | -1.89% | 1.83% | 0.69% |
Correlation
The correlation between CE71.L and GLT5.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2019 | 0.37 |
The correlation between CE71.L and GLT5.L shifts across timeframes, from 0.26 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CE71.L vs. GLT5.L — Risk / Return Rank
CE71.L
GLT5.L
CE71.L vs. GLT5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 3-7yr UCITS ETF (Acc) (CE71.L) and Invesco UK Gilt 1-5 Year UCITS ETF Dist (GLT5.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CE71.L | GLT5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.21 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 1.38 | -0.64 |
| Martin ratioReturn relative to average drawdown | 1.76 | 4.42 | -2.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CE71.L | GLT5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 1.01 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 0.28 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.32 | -0.13 |
Drawdowns
CE71.L vs. GLT5.L - Drawdown Comparison
The maximum CE71.L drawdown since its inception was -19.41%, which is greater than GLT5.L's maximum drawdown of -10.98%. Use the drawdown chart below to compare losses from any high point for CE71.L and GLT5.L.
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Drawdown Indicators
| CE71.L | GLT5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.41% | -10.98% | -8.43% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -2.20% | -1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -5.12% | -2.20% | -2.92% |
Max Drawdown (5Y)Largest decline over 5 years | -14.10% | -10.32% | -3.78% |
Max Drawdown (10Y)Largest decline over 10 years | -19.41% | — | — |
Current DrawdownCurrent decline from peak | -9.79% | -0.92% | -8.87% |
Average DrawdownAverage peak-to-trough decline | -10.39% | -2.63% | -7.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 0.69% | +1.08% |
Volatility
CE71.L vs. GLT5.L - Volatility Comparison
The current volatility for iShares Euro Government Bond 3-7yr UCITS ETF (Acc) (CE71.L) is 1.52%, while Invesco UK Gilt 1-5 Year UCITS ETF Dist (GLT5.L) has a volatility of 1.88%. This indicates that CE71.L experiences smaller price fluctuations and is considered to be less risky than GLT5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CE71.L | GLT5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 1.88% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 3.66% | 2.63% | +1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.84% | 3.00% | +1.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.36% | 3.25% | +3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.25% | 2.92% | +6.33% |
CE71.L vs. GLT5.L - Expense Ratio Comparison
CE71.L has a 0.15% expense ratio, which is higher than GLT5.L's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CE71.L vs. GLT5.L - Dividend Comparison
CE71.L has not paid dividends to shareholders, while GLT5.L's dividend yield for the trailing twelve months is around 4.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CE71.L iShares Euro Government Bond 3-7yr UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GLT5.L Invesco UK Gilt 1-5 Year UCITS ETF Dist | 4.13% | 4.12% | 4.43% | 3.76% | 1.01% | 0.19% | 0.33% | 0.44% |
Frequently Asked Questions
CE71.L and GLT5.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLT5.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLT5.L is cheaper with a 0.06% expense ratio, compared with 0.15% for CE71.L.
CE71.L tracks Bloomberg Euro Agg Govt TR EUR, while GLT5.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.15% for CE71.L and 0.06% for GLT5.L.
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