FLO5.L vs. GLT5.L
Compare and contrast key facts about iShares USD Floating Rate Bond UCITS ETF (FLO5.L) and Invesco UK Gilt 1-5 Year UCITS ETF Dist (GLT5.L).
FLO5.L and GLT5.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLO5.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Corp Bond TR USD. It was launched on Jul 10, 2017. GLT5.L is a passively managed fund by Invesco that tracks the performance of the FTSE Act UK Cnvt Gilts All Stocks TR GBP. It was launched on Mar 18, 2019. Both FLO5.L and GLT5.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FLO5.L vs. GLT5.L - Performance Comparison
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FLO5.L vs. GLT5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLO5.L iShares USD Floating Rate Bond UCITS ETF | 1.95% | -2.11% | 8.11% | 0.75% | 13.56% | 1.76% | -2.65% | 1.43% |
GLT5.L Invesco UK Gilt 1-5 Year UCITS ETF Dist | -0.37% | 5.31% | 2.14% | 3.86% | -5.44% | -1.89% | 1.83% | 0.69% |
Returns By Period
In the year-to-date period, FLO5.L achieves a 1.95% return, which is significantly higher than GLT5.L's -0.37% return.
FLO5.L
- 1D
- -0.71%
- 1M
- 0.61%
- YTD
- 1.95%
- 6M
- 3.23%
- 1Y
- 1.61%
- 3Y*
- 3.35%
- 5Y*
- 4.84%
- 10Y*
- —
GLT5.L
- 1D
- 0.29%
- 1M
- -1.25%
- YTD
- -0.37%
- 6M
- 1.26%
- 1Y
- 3.45%
- 3Y*
- 3.34%
- 5Y*
- 0.81%
- 10Y*
- —
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FLO5.L vs. GLT5.L - Expense Ratio Comparison
FLO5.L has a 0.10% 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%.
Return for Risk
FLO5.L vs. GLT5.L — Risk / Return Rank
FLO5.L
GLT5.L
FLO5.L vs. GLT5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Floating Rate Bond UCITS ETF (FLO5.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.
| FLO5.L | GLT5.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.23 | 1.31 | -1.07 |
Sortino ratioReturn per unit of downside risk | 0.37 | 1.89 | -1.51 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.26 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 0.34 | 1.58 | -1.24 |
Martin ratioReturn relative to average drawdown | 0.66 | 7.39 | -6.73 |
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
| FLO5.L | GLT5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 1.31 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.26 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.31 | +0.08 |
Correlation
The correlation between FLO5.L and GLT5.L is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
FLO5.L vs. GLT5.L - Dividend Comparison
FLO5.L's dividend yield for the trailing twelve months is around 5.01%, more than GLT5.L's 4.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLO5.L iShares USD Floating Rate Bond UCITS ETF | 5.01% | 5.11% | 5.98% | 5.63% | 1.47% | 0.59% | 1.73% | 3.00% | 2.16% | 0.48% |
GLT5.L Invesco UK Gilt 1-5 Year UCITS ETF Dist | 4.15% | 4.12% | 4.43% | 3.76% | 1.01% | 0.19% | 0.33% | 0.44% | 0.00% | 0.00% |
Drawdowns
FLO5.L vs. GLT5.L - Drawdown Comparison
The maximum FLO5.L drawdown since its inception was -14.02%, 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 FLO5.L and GLT5.L.
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Drawdown Indicators
| FLO5.L | GLT5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.02% | -10.98% | -3.04% |
Max Drawdown (1Y)Largest decline over 1 year | -5.65% | -2.20% | -3.45% |
Max Drawdown (5Y)Largest decline over 5 years | -14.02% | -10.32% | -3.70% |
Current DrawdownCurrent decline from peak | -3.46% | -1.48% | -1.98% |
Average DrawdownAverage peak-to-trough decline | -5.73% | -2.67% | -3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 0.47% | +2.46% |
Volatility
FLO5.L vs. GLT5.L - Volatility Comparison
iShares USD Floating Rate Bond UCITS ETF (FLO5.L) has a higher volatility of 2.04% compared to Invesco UK Gilt 1-5 Year UCITS ETF Dist (GLT5.L) at 1.40%. This indicates that FLO5.L's price experiences larger fluctuations and is considered to be riskier 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
| FLO5.L | GLT5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.04% | 1.40% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 4.31% | 1.85% | +2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.91% | 2.63% | +4.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.48% | 3.12% | +5.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.88% | 2.84% | +6.04% |