GBPC.L vs. GBP5.L
GBPC.L (L&G ESG GBP Corporate Bond UCITS ETF) and GBP5.L (L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF) are both European Corporate Bonds funds from Legal & General - GBPC.L tracks the Markit iBoxx GBP NonGilts TR while GBP5.L tracks the Markit iBoxx GBP NonGilts 1-5 TR. Both are passively managed. Over the past 5 years, GBPC.L returned -0.17%/yr vs 2.30%/yr for GBP5.L. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.09% expense ratio.
Performance
GBPC.L vs. GBP5.L - Performance Comparison
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Returns By Period
In the year-to-date period, GBPC.L achieves a 0.12% return, which is significantly lower than GBP5.L's 0.88% return.
GBPC.L
- 1D
- 0.26%
- 1M
- 2.00%
- YTD
- 0.12%
- 6M
- 0.43%
- 1Y
- 4.91%
- 3Y*
- 6.29%
- 5Y*
- -0.17%
- 10Y*
- —
GBP5.L
- 1D
- 0.07%
- 1M
- 1.04%
- YTD
- 0.88%
- 6M
- 1.26%
- 1Y
- 4.69%
- 3Y*
- 6.06%
- 5Y*
- 2.30%
- 10Y*
- —
GBPC.L vs. GBP5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GBPC.L L&G ESG GBP Corporate Bond UCITS ETF | 0.12% | 6.83% | 2.78% | 8.45% | -17.18% | -1.58% |
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% |
Correlation
The correlation between GBPC.L and GBP5.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 | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2021 | 0.65 |
The correlation between GBPC.L and GBP5.L shifts across timeframes, from 0.50 (1 year) to 0.65 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GBPC.L vs. GBP5.L — Risk / Return Rank
GBPC.L
GBP5.L
GBPC.L vs. GBP5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ESG GBP Corporate Bond UCITS ETF (GBPC.L) and L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF (GBP5.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.
| GBPC.L | GBP5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.28 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 2.57 | -1.39 |
| Martin ratioReturn relative to average drawdown | 3.91 | 9.07 | -5.16 |
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
| GBPC.L | GBP5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 1.32 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.66 | -0.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.64 | -0.75 |
Drawdowns
GBPC.L vs. GBP5.L - Drawdown Comparison
The maximum GBPC.L drawdown since its inception was -28.18%, which is greater than GBP5.L's maximum drawdown of -11.97%. Use the drawdown chart below to compare losses from any high point for GBPC.L and GBP5.L.
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Drawdown Indicators
| GBPC.L | GBP5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.18% | -11.97% | -16.21% |
Max Drawdown (1Y)Largest decline over 1 year | -4.14% | -1.82% | -2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -4.14% | -1.82% | -2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -27.49% | -11.97% | -15.52% |
Current DrawdownCurrent decline from peak | -4.53% | -0.51% | -4.02% |
Average DrawdownAverage peak-to-trough decline | -11.46% | -2.22% | -9.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 0.52% | +0.73% |
Volatility
GBPC.L vs. GBP5.L - Volatility Comparison
L&G ESG GBP Corporate Bond UCITS ETF (GBPC.L) has a higher volatility of 3.33% compared to L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF (GBP5.L) at 1.86%. This indicates that GBPC.L's price experiences larger fluctuations and is considered to be riskier than GBP5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBPC.L | GBP5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 1.86% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 5.09% | 3.08% | +2.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.23% | 3.54% | +2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.19% | 3.54% | +4.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.15% | 3.48% | +4.67% |
GBPC.L vs. GBP5.L - Expense Ratio Comparison
Both GBPC.L and GBP5.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
GBPC.L vs. GBP5.L - Dividend Comparison
GBPC.L's dividend yield for the trailing twelve months is around 5.14%, more than GBP5.L's 4.58% 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
GBPC.L and GBP5.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.
GBPC.L and GBP5.L have the same expense ratio: 0.09% per year.
GBPC.L tracks Markit iBoxx GBP NonGilts TR, while GBP5.L tracks Markit iBoxx GBP NonGilts 1-5 TR.
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