CE71.L vs. GLTS.L
CE71.L (iShares Euro Government Bond 3-7yr UCITS ETF (Acc)) and GLTS.L (SPDR Bloomberg 1-5 Year Gilt UCITS ETF) are both European Government Bonds funds - CE71.L tracks the Bloomberg Euro Agg Govt TR EUR while GLTS.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 10 years, CE71.L returned 1.36%/yr vs 0.65%/yr for GLTS.L. At a 0.28 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
CE71.L vs. GLTS.L - Performance Comparison
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Different Trading Currencies
CE71.L is traded in GBp, while GLTS.L is traded in GBP. To make them comparable, the GLTS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CE71.L achieves a -1.10% return, which is significantly lower than GLTS.L's 0.31% return. Over the past 10 years, CE71.L has outperformed GLTS.L with an annualized return of 1.36%, while GLTS.L has yielded a comparatively lower 0.65% annualized 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%
GLTS.L
- 1D
- 0.14%
- 1M
- 0.75%
- YTD
- 0.31%
- 6M
- 0.39%
- 1Y
- 2.99%
- 3Y*
- 4.00%
- 5Y*
- 0.80%
- 10Y*
- 0.65%
CE71.L vs. GLTS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -2.38% | 0.86% | 6.21% |
GLTS.L SPDR Bloomberg 1-5 Year Gilt UCITS ETF | 0.31% | 5.40% | 1.76% | 3.70% | -5.72% | -1.91% | 1.77% | 1.11% | 0.41% | -0.65% |
Correlation
The correlation between CE71.L and GLTS.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2014 | 0.28 |
The correlation between CE71.L and GLTS.L shifts across timeframes, from 0.28 (all time) to 0.44 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CE71.L vs. GLTS.L — Risk / Return Rank
CE71.L
GLTS.L
CE71.L vs. GLTS.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 SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.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 | GLTS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.23 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 1.34 | -0.60 |
| Martin ratioReturn relative to average drawdown | 1.76 | 4.26 | -2.50 |
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 | GLTS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 1.25 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 0.24 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.25 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.34 | -0.16 |
Drawdowns
CE71.L vs. GLTS.L - Drawdown Comparison
The maximum CE71.L drawdown since its inception was -19.41%, which is greater than GLTS.L's maximum drawdown of -11.18%. Use the drawdown chart below to compare losses from any high point for CE71.L and GLTS.L.
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Drawdown Indicators
| CE71.L | GLTS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.41% | -11.18% | -8.23% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -2.22% | -1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -5.12% | -2.22% | -2.90% |
Max Drawdown (5Y)Largest decline over 5 years | -14.10% | -10.44% | -3.66% |
Max Drawdown (10Y)Largest decline over 10 years | -19.41% | -11.18% | -8.23% |
Current DrawdownCurrent decline from peak | -9.79% | -0.91% | -8.88% |
Average DrawdownAverage peak-to-trough decline | -10.39% | -1.72% | -8.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 0.70% | +1.07% |
Volatility
CE71.L vs. GLTS.L - Volatility Comparison
iShares Euro Government Bond 3-7yr UCITS ETF (Acc) (CE71.L) has a higher volatility of 1.52% compared to SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.L) at 0.84%. This indicates that CE71.L's price experiences larger fluctuations and is considered to be riskier than GLTS.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 | GLTS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 0.84% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 3.66% | 2.01% | +1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.84% | 2.39% | +2.45% |
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% | 2.62% | +6.63% |
CE71.L vs. GLTS.L - Expense Ratio Comparison
Both CE71.L and GLTS.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CE71.L vs. GLTS.L - Dividend Comparison
CE71.L has not paid dividends to shareholders, while GLTS.L's dividend yield for the trailing twelve months is around 3.63%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
GLTS.L SPDR Bloomberg 1-5 Year Gilt UCITS ETF | 3.63% | 3.44% | 2.74% | 1.30% | 0.18% | 0.13% | 0.46% | 0.60% | 0.39% | 0.52% | 0.88% | 0.98% |
Frequently Asked Questions
CE71.L and GLTS.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CE71.L and GLTS.L have the same expense ratio: 0.15% per year.
CE71.L tracks Bloomberg Euro Agg Govt TR EUR, while GLTS.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: iShares and State Street.
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