FTAL.L vs. ^GDAXI
FTAL.L (SPDR FTSE UK All Share UCITS ETF) is Europe Equities fund tracking the FTSE AllSh TR GBP, while ^GDAXI (DAX Performance Index) is an index. Over the past 10 years, FTAL.L returned 8.17%/yr vs 9.67%/yr for ^GDAXI. A 0.72 correlation means they provide meaningful diversification when combined.
Performance
FTAL.L vs. ^GDAXI - Performance Comparison
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Different Trading Currencies
FTAL.L is traded in GBP, while ^GDAXI is traded in EUR. To make them comparable, the ^GDAXI values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, FTAL.L achieves a 8.11% return, which is significantly higher than ^GDAXI's -0.89% return. Over the past 10 years, FTAL.L has underperformed ^GDAXI with an annualized return of 8.17%, while ^GDAXI has yielded a comparatively higher 9.67% annualized return.
FTAL.L
- 1D
- 0.49%
- 1M
- 0.76%
- 6M
- 4.78%
- YTD
- 8.11%
- 1Y
- 20.62%
- 3Y*
- 15.81%
- 5Y*
- 10.86%
- 10Y*
- 8.17%
^GDAXI
- 1D
- 0.00%
- 1M
- -1.68%
- 6M
- -3.74%
- YTD
- -0.89%
- 1Y
- 1.63%
- 3Y*
- 15.32%
- 5Y*
- 9.71%
- 10Y*
- 9.67%
FTAL.L vs. ^GDAXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTAL.L SPDR FTSE UK All Share UCITS ETF | 8.11% | 23.19% | 9.03% | 7.92% | 0.55% | 17.18% | -9.96% | 19.28% | -9.70% | 12.98% |
^GDAXI DAX Performance Index | -0.89% | 29.41% | 13.67% | 17.91% | -7.55% | 7.62% | 9.39% | 18.95% | -17.11% | 17.32% |
Correlation
The correlation between FTAL.L and ^GDAXI is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2012 | 0.72 |
The correlation between FTAL.L and ^GDAXI has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.
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Return for Risk
FTAL.L vs. ^GDAXI — Risk / Return Rank
FTAL.L
^GDAXI
FTAL.L vs. ^GDAXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE UK All Share UCITS ETF (FTAL.L) and DAX Performance Index (^GDAXI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FTAL.L | ^GDAXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.03 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 0.13 | +2.16 |
| Martin ratioReturn relative to average drawdown | 7.27 | 0.40 | +6.86 |
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Drawdowns
FTAL.L vs. ^GDAXI - Drawdown Comparison
The maximum FTAL.L drawdown since its inception was -35.26%, smaller than the maximum ^GDAXI drawdown of -44.81%. Use the drawdown chart below to compare losses from any high point for FTAL.L and ^GDAXI.
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Drawdown Indicators
| FTAL.L | ^GDAXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.26% | -44.81% | +9.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -12.65% | +3.70% |
Max Drawdown (3Y)Largest decline over 3 years | -13.17% | -14.69% | +1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -13.17% | -23.29% | +10.12% |
Max Drawdown (10Y)Largest decline over 10 years | -35.26% | -33.76% | -1.50% |
Current DrawdownCurrent decline from peak | -1.79% | -4.46% | +2.67% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -8.89% | +4.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 4.05% | -1.22% |
Volatility
FTAL.L vs. ^GDAXI - Volatility Comparison
The current volatility for SPDR FTSE UK All Share UCITS ETF (FTAL.L) is 2.91%, while DAX Performance Index (^GDAXI) has a volatility of 4.75%. This indicates that FTAL.L experiences smaller price fluctuations and is considered to be less risky than ^GDAXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTAL.L | ^GDAXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 4.75% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 13.54% | -3.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.22% | 15.85% | -4.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.72% | 17.18% | -4.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.51% | 18.15% | -3.64% |
Frequently Asked Questions
FTAL.L and ^GDAXI have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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