GIL5.L vs. CW8G.L

Last updated Jun 5, 2026

GIL5.L (Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist) and CW8G.L (Amundi MSCI World UCITS USD) are both exchange-traded funds - GIL5.L is a European Government Bonds fund tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP, while CW8G.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, GIL5.L returned 1.25%/yr vs 12.80%/yr for CW8G.L. At a correlation of -0.00, they often move in opposite directions. GIL5.L charges 0.05%/yr vs 0.28%/yr for CW8G.L.

Performance

GIL5.L vs. CW8G.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist (GIL5.L) and Amundi MSCI World UCITS USD (CW8G.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GIL5.L is traded in GBP, while CW8G.L is traded in GBp. To make them comparable, the CW8G.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, GIL5.L achieves a 0.44% return, which is significantly lower than CW8G.L's 9.97% return.

GIL5.L

• 1D: 0.13%
• 1M: 0.67%
• YTD: 0.44%
• 6M: 0.54%
• 1Y: 3.07%
• 3Y*: 4.17%
• 5Y*: 1.25%
• 10Y*: —

CW8G.L

• 1D: 0.05%
• 1M: 5.16%
• YTD: 9.97%
• 6M: 10.16%
• 1Y: 26.81%
• 3Y*: 17.37%
• 5Y*: 12.80%
• 10Y*: 13.68%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GIL5.L vs. CW8G.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GIL5.L Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist	0.44%	5.12%	2.49%	4.05%	-4.53%	-1.87%	1.64%	1.03%	0.23%	-0.33%
CW8G.L Amundi MSCI World UCITS USD	9.97%	12.11%	20.95%	17.29%	-8.45%	23.58%	11.88%	23.12%	-4.09%	11.70%

Correlation

The correlation between GIL5.L and CW8G.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (All Time) Calculated using the full available price history since Aug 8, 2016	-0.00

The correlation between GIL5.L and CW8G.L shifts across timeframes, from -0.00 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

GIL5.L vs. CW8G.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GIL5.L

GIL5.L Risk / Return Rank: 40
GIL5.L Sharpe Ratio Rank: 43
GIL5.L Sortino Ratio Rank: 44
GIL5.L Omega Ratio Rank: 46
GIL5.L Calmar Ratio Rank: 33
GIL5.L Martin Ratio Rank: 35

CW8G.L

CW8G.L Risk / Return Rank: 83
CW8G.L Sharpe Ratio Rank: 85
CW8G.L Sortino Ratio Rank: 84
CW8G.L Omega Ratio Rank: 85
CW8G.L Calmar Ratio Rank: 79
CW8G.L Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GIL5.L vs. CW8G.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist (GIL5.L) and Amundi MSCI World UCITS USD (CW8G.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.

	GIL5.L	CW8G.L	Difference
Sharpe ratio: Return per unit of total volatility	1.51	2.74	-1.23
Sortino ratio: Return per unit of downside risk	2.19	3.74	-1.55
Omega ratio: Gain probability vs. loss probability	1.29	1.51	-0.23
Calmar ratio: Return relative to maximum drawdown	1.60	4.00	-2.40
Martin ratio: Return relative to average drawdown	5.31	15.91	-10.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GIL5.L vs. CW8G.L - Sharpe Ratio Comparison

The current GIL5.L Sharpe Ratio is 1.51, which is lower than the CW8G.L Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of GIL5.L and CW8G.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GIL5.L	CW8G.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	2.74	-1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.97	-0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.95	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.99	-0.62

Drawdowns

GIL5.L vs. CW8G.L - Drawdown Comparison

The maximum GIL5.L drawdown since its inception was -9.42%, smaller than the maximum CW8G.L drawdown of -25.60%. Use the drawdown chart below to compare losses from any high point for GIL5.L and CW8G.L.

Drawdown Indicators

	GIL5.L	CW8G.L	Difference
Max Drawdown Largest peak-to-trough decline	-9.42%	-25.60%	+16.18%
Max Drawdown (1Y) Largest decline over 1 year	-1.91%	-6.67%	+4.76%
Max Drawdown (3Y) Largest decline over 3 years	-1.91%	-18.88%	+16.97%
Max Drawdown (5Y) Largest decline over 5 years	-8.75%	-18.88%	+10.13%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.60%	—
Current Drawdown Current decline from peak	-0.65%	-0.15%	-0.50%
Average Drawdown Average peak-to-trough decline	-1.61%	-3.10%	+1.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.58%	1.68%	-1.10%

Volatility

GIL5.L vs. CW8G.L - Volatility Comparison

The current volatility for Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist (GIL5.L) is 0.56%, while Amundi MSCI World UCITS USD (CW8G.L) has a volatility of 2.55%. This indicates that GIL5.L experiences smaller price fluctuations and is considered to be less risky than CW8G.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GIL5.L	CW8G.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.56%	2.55%	-1.99%
Volatility (6M) Calculated over the trailing 6-month period	1.72%	7.27%	-5.55%
Volatility (1Y) Calculated over the trailing 1-year period	2.03%	9.75%	-7.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.61%	13.21%	-10.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.13%	14.45%	-12.32%

GIL5.L vs. CW8G.L - Expense Ratio Comparison

GIL5.L has a 0.05% expense ratio, which is lower than CW8G.L's 0.28% expense ratio.

Dividends

GIL5.L vs. CW8G.L - Dividend Comparison

GIL5.L's dividend yield for the trailing twelve months is around 2.33%, while CW8G.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CW8G.L Amundi MSCI World UCITS USD	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GIL5.L Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist	2.33%	2.34%	1.94%	1.36%	1.39%	1.60%	2.26%	2.70%	2.92%	3.17%	1.56%

Frequently Asked Questions

Can I hold both GIL5.L and CW8G.L in my portfolio?

GIL5.L and CW8G.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GIL5.L or CW8G.L?

On fees, GIL5.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GIL5.L or CW8G.L?

GIL5.L is cheaper with a 0.05% expense ratio, compared with 0.28% for CW8G.L.

What is the main difference between GIL5.L and CW8G.L?

GIL5.L is categorized as European Government Bonds, while CW8G.L is Global Equities. GIL5.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while CW8G.L tracks MSCI ACWI NR USD. Their fees differ too: 0.05% for GIL5.L and 0.28% for CW8G.L.