GBP5.L vs. GBPC.L
GBP5.L (L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF) and GBPC.L (L&G ESG GBP Corporate Bond UCITS ETF) are both European Corporate Bonds funds from Legal & General - GBP5.L tracks the Markit iBoxx GBP NonGilts 1-5 TR while GBPC.L tracks the Markit iBoxx GBP NonGilts TR. Both are passively managed. Over the past 5 years, GBP5.L returned 2.30%/yr vs -0.20%/yr for GBPC.L. A 0.50 correlation means they provide meaningful diversification when combined. Both charge a 0.09% expense ratio.
Performance
GBP5.L vs. GBPC.L - Performance Comparison
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Returns By Period
In the year-to-date period, GBP5.L achieves a 0.88% return, which is significantly higher than GBPC.L's 0.13% return.
GBP5.L
- 1D
- 0.07%
- 1M
- 0.59%
- YTD
- 0.88%
- 6M
- 1.27%
- 1Y
- 4.67%
- 3Y*
- 6.06%
- 5Y*
- 2.30%
- 10Y*
- —
GBPC.L
- 1D
- 0.01%
- 1M
- 1.04%
- YTD
- 0.13%
- 6M
- 0.62%
- 1Y
- 4.88%
- 3Y*
- 6.17%
- 5Y*
- -0.20%
- 10Y*
- —
GBP5.L vs. GBPC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GBP5.L L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF | 0.88% | 6.37% | 4.55% | 6.90% | -6.01% | -0.54% |
GBPC.L L&G ESG GBP Corporate Bond UCITS ETF | 0.13% | 6.83% | 2.78% | 8.35% | -17.11% | -0.97% |
Correlation
The correlation between GBP5.L and GBPC.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2021 | 0.50 |
The correlation between GBP5.L and GBPC.L shifts across timeframes, from 0.50 (1 year) to 0.63 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GBP5.L vs. GBPC.L — Risk / Return Rank
GBP5.L
GBPC.L
GBP5.L vs. GBPC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF (GBP5.L) and L&G ESG GBP Corporate Bond UCITS ETF (GBPC.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.
| GBP5.L | GBPC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.15 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 1.17 | +1.39 |
| Martin ratioReturn relative to average drawdown | 9.07 | 3.89 | +5.19 |
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
| GBP5.L | GBPC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 0.78 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | -0.03 | +0.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | -0.06 | +0.71 |
Drawdowns
GBP5.L vs. GBPC.L - Drawdown Comparison
The maximum GBP5.L drawdown since its inception was -11.97%, smaller than the maximum GBPC.L drawdown of -28.45%. Use the drawdown chart below to compare losses from any high point for GBP5.L and GBPC.L.
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Drawdown Indicators
| GBP5.L | GBPC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.97% | -28.45% | +16.48% |
Max Drawdown (1Y)Largest decline over 1 year | -1.82% | -4.14% | +2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -1.82% | -4.14% | +2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -11.97% | -27.69% | +15.72% |
Current DrawdownCurrent decline from peak | -0.51% | -4.66% | +4.15% |
Average DrawdownAverage peak-to-trough decline | -2.22% | -10.89% | +8.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 1.25% | -0.73% |
Volatility
GBP5.L vs. GBPC.L - Volatility Comparison
The current volatility for L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF (GBP5.L) is 1.86%, while L&G ESG GBP Corporate Bond UCITS ETF (GBPC.L) has a volatility of 3.21%. This indicates that GBP5.L experiences smaller price fluctuations and is considered to be less risky than GBPC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBP5.L | GBPC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 3.21% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 3.08% | 5.09% | -2.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 6.23% | -2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.54% | 7.85% | -4.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.48% | 7.62% | -4.14% |
GBP5.L vs. GBPC.L - Expense Ratio Comparison
Both GBP5.L and GBPC.L have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
GBP5.L vs. GBPC.L - Dividend Comparison
GBP5.L's dividend yield for the trailing twelve months is around 4.58%, less than GBPC.L's 5.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GBP5.L L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF | 4.58% | 4.40% | 3.78% | 2.56% | 1.05% | 0.32% |
GBPC.L L&G ESG GBP Corporate Bond UCITS ETF | 5.14% | 5.00% | 4.86% | 3.58% | 2.16% | 0.87% |
Frequently Asked Questions
GBP5.L and GBPC.L have a correlation of 0.50, 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 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GBP5.L and GBPC.L have the same expense ratio: 0.09% per year.
GBP5.L tracks Markit iBoxx GBP NonGilts 1-5 TR, while GBPC.L tracks Markit iBoxx GBP NonGilts TR.
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