EART.L vs. GLTA.L
EART.L (Lyxor Euro Government Green Bond (DR) UCITS ETF - Acc) and GLTA.L (Invesco UK Gilts UCITS ETF Acc) are both European Government Bonds funds - EART.L tracks the Bloomberg Euro Agg Govt TR EUR while GLTA.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 3 years, EART.L returned 1.07%/yr vs 1.96%/yr for GLTA.L. A 0.72 correlation means they provide meaningful diversification when combined. EART.L charges 0.20%/yr vs 0.06%/yr for GLTA.L.
Performance
EART.L vs. GLTA.L - Performance Comparison
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Different Trading Currencies
EART.L is traded in GBP, while GLTA.L is traded in GBp. To make them comparable, the GLTA.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, EART.L achieves a -1.29% return, which is significantly higher than GLTA.L's -1.38% return.
EART.L
- 1D
- -0.64%
- 1M
- 0.27%
- YTD
- -1.29%
- 6M
- -1.82%
- 1Y
- 0.80%
- 3Y*
- 1.07%
- 5Y*
- —
- 10Y*
- —
GLTA.L
- 1D
- -0.51%
- 1M
- 0.60%
- YTD
- -1.38%
- 6M
- -1.42%
- 1Y
- 2.07%
- 3Y*
- 1.96%
- 5Y*
- -4.81%
- 10Y*
- —
EART.L vs. GLTA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EART.L Lyxor Euro Government Green Bond (DR) UCITS ETF - Acc | -1.29% | 2.88% | -4.87% | 6.69% | -26.52% | -3.52% |
GLTA.L Invesco UK Gilts UCITS ETF Acc | -1.38% | 4.99% | -4.18% | 3.52% | -25.15% | -0.36% |
Correlation
The correlation between EART.L and GLTA.L is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.72 |
The correlation between EART.L and GLTA.L has been stable across timeframes, ranging from 0.62 to 0.72 - a consistent structural relationship.
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Return for Risk
EART.L vs. GLTA.L — Risk / Return Rank
EART.L
GLTA.L
EART.L vs. GLTA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor Euro Government Green Bond (DR) UCITS ETF - Acc (EART.L) and Invesco UK Gilts UCITS ETF Acc (GLTA.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.
| EART.L | GLTA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.06 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 0.36 | -0.23 |
| Martin ratioReturn relative to average drawdown | 0.30 | 0.96 | -0.66 |
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
| EART.L | GLTA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | 0.32 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.56 | -0.30 | -0.26 |
Drawdowns
EART.L vs. GLTA.L - Drawdown Comparison
The maximum EART.L drawdown since its inception was -35.57%, roughly equal to the maximum GLTA.L drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for EART.L and GLTA.L.
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Drawdown Indicators
| EART.L | GLTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.57% | -36.99% | +1.42% |
Max Drawdown (1Y)Largest decline over 1 year | -5.90% | -5.70% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -9.43% | -7.70% | -1.73% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.87% | — |
Current DrawdownCurrent decline from peak | -29.22% | -28.49% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -25.75% | -19.07% | -6.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 2.16% | +0.54% |
Volatility
EART.L vs. GLTA.L - Volatility Comparison
The current volatility for Lyxor Euro Government Green Bond (DR) UCITS ETF - Acc (EART.L) is 2.56%, while Invesco UK Gilts UCITS ETF Acc (GLTA.L) has a volatility of 2.92%. This indicates that EART.L experiences smaller price fluctuations and is considered to be less risky than GLTA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EART.L | GLTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.56% | 2.92% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 5.57% | 5.12% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.06% | 6.48% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.21% | 10.56% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.21% | 10.31% | +0.90% |
EART.L vs. GLTA.L - Expense Ratio Comparison
EART.L has a 0.20% expense ratio, which is higher than GLTA.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
EART.L vs. GLTA.L - Dividend Comparison
Neither EART.L nor GLTA.L has paid dividends to shareholders.
Frequently Asked Questions
EART.L and GLTA.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLTA.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLTA.L is cheaper with a 0.06% expense ratio, compared with 0.20% for EART.L.
EART.L tracks Bloomberg Euro Agg Govt TR EUR, while GLTA.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.20% for EART.L and 0.06% for GLTA.L.
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