GBPG.L vs. IGL5.L
GBPG.L (Goldman Sachs Access UK Gilts 1-10 Years UCITS ETF Class GBP (Dist)) and IGL5.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Acc)) are both European Government Bonds funds - GBPG.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP while IGL5.L tracks the FTSE Actuaries UK Conventional Gilts up to 5 Years Index (GBP). Both are passively managed. Over the past 3 years, GBPG.L returned 3.71%/yr vs 4.25%/yr for IGL5.L. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.07% expense ratio.
Performance
GBPG.L vs. IGL5.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GBPG.L achieves a 3.11% return, which is significantly higher than IGL5.L's 0.90% return.
GBPG.L
- 1D
- 0.02%
- 1M
- 0.56%
- YTD
- 3.11%
- 6M
- 0.30%
- 1Y
- 3.02%
- 3Y*
- 3.71%
- 5Y*
- —
- 10Y*
- —
IGL5.L
- 1D
- 0.00%
- 1M
- 0.36%
- YTD
- 0.90%
- 6M
- 0.72%
- 1Y
- 2.93%
- 3Y*
- 4.25%
- 5Y*
- —
- 10Y*
- —
GBPG.L vs. IGL5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GBPG.L Goldman Sachs Access UK Gilts 1-10 Years UCITS ETF Class GBP (Dist) | 3.11% | 2.23% | 0.17% | 5.23% |
IGL5.L iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) | 0.90% | 4.50% | 2.70% | 4.22% |
Correlation
The correlation between GBPG.L and IGL5.L is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 24, 2023 | 0.75 |
The correlation between GBPG.L and IGL5.L has been stable across timeframes, ranging from 0.72 to 0.75 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GBPG.L vs. IGL5.L — Risk / Return Rank
GBPG.L
IGL5.L
GBPG.L vs. IGL5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access UK Gilts 1-10 Years UCITS ETF Class GBP (Dist) (GBPG.L) and iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.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.
| GBPG.L | IGL5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.25 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 1.50 | -0.55 |
| Martin ratioReturn relative to average drawdown | 2.58 | 5.14 | -2.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GBPG.L | IGL5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 1.14 | -0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | 1.57 | -1.62 |
Drawdowns
GBPG.L vs. IGL5.L - Drawdown Comparison
The maximum GBPG.L drawdown since its inception was -15.04%, which is greater than IGL5.L's maximum drawdown of -1.94%. Use the drawdown chart below to compare losses from any high point for GBPG.L and IGL5.L.
Loading charts...
Drawdown Indicators
| GBPG.L | IGL5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.04% | -1.94% | -13.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.16% | -1.94% | -1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -3.30% | -1.94% | -1.36% |
Current DrawdownCurrent decline from peak | -1.67% | -0.71% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -0.29% | -5.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 0.57% | +0.60% |
Volatility
GBPG.L vs. IGL5.L - Volatility Comparison
Goldman Sachs Access UK Gilts 1-10 Years UCITS ETF Class GBP (Dist) (GBPG.L) has a higher volatility of 1.40% compared to iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.L) at 0.81%. This indicates that GBPG.L's price experiences larger fluctuations and is considered to be riskier than IGL5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GBPG.L | IGL5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 0.81% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 5.33% | 2.24% | +3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.85% | 2.57% | +3.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.41% | 2.57% | +2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.41% | 2.57% | +2.84% |
GBPG.L vs. IGL5.L - Expense Ratio Comparison
Both GBPG.L and IGL5.L have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
GBPG.L vs. IGL5.L - Dividend Comparison
GBPG.L's dividend yield for the trailing twelve months is around 4.09%, while IGL5.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GBPG.L Goldman Sachs Access UK Gilts 1-10 Years UCITS ETF Class GBP (Dist) | 4.09% | 4.13% | 4.10% | 3.35% | 0.63% |
IGL5.L iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GBPG.L and IGL5.L have a correlation of 0.72, 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 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GBPG.L and IGL5.L have the same expense ratio: 0.07% per year.
GBPG.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while IGL5.L tracks FTSE Actuaries UK Conventional Gilts up to 5 Years Index (GBP). They also come from different issuers: Goldman Sachs and iShares.
Find the right allocation for GBPG.L and IGL5.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer