GILS.L vs. CUKX.L
GILS.L (Lyxor Core UK Government Bond (DR) UCITS ETF - Dist) and CUKX.L (iShares FTSE 100 UCITS ETF) are both exchange-traded funds - GILS.L is a European Government Bonds fund tracking the FTSE Actuaries UK Conventional Gilts All Stocks, while CUKX.L is a fund fund tracking the FTSE 100 Index. Both are passively managed. Over the past 10 years, GILS.L returned -3.32%/yr vs 9.17%/yr for CUKX.L. At a correlation of -0.01, they often move in opposite directions. GILS.L charges 0.05%/yr vs 0.07%/yr for CUKX.L.
Performance
GILS.L vs. CUKX.L - Performance Comparison
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Returns By Period
In the year-to-date period, GILS.L achieves a -1.35% return, which is significantly lower than CUKX.L's 5.56% return. Over the past 10 years, GILS.L has underperformed CUKX.L with an annualized return of -3.32%, while CUKX.L has yielded a comparatively higher 9.17% annualized return.
GILS.L
- 1D
- -0.60%
- 1M
- 0.61%
- YTD
- -1.35%
- 6M
- -4.24%
- 1Y
- -0.97%
- 3Y*
- -0.50%
- 5Y*
- -6.57%
- 10Y*
- -3.32%
CUKX.L
- 1D
- -0.38%
- 1M
- -0.14%
- YTD
- 5.56%
- 6M
- 8.06%
- 1Y
- 21.44%
- 3Y*
- 14.43%
- 5Y*
- 11.65%
- 10Y*
- 9.17%
GILS.L vs. CUKX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GILS.L Lyxor Core UK Government Bond (DR) UCITS ETF - Dist | -1.35% | 1.70% | -5.79% | 1.51% | -25.53% | -6.84% | 5.96% | 4.09% | -2.08% | -1.13% |
CUKX.L iShares FTSE 100 UCITS ETF | 5.56% | 25.78% | 9.30% | 7.72% | 4.97% | 17.48% | -11.28% | 17.23% | -9.05% | 12.45% |
Correlation
The correlation between GILS.L and CUKX.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2010 | -0.01 |
The correlation between GILS.L and CUKX.L shifts across timeframes, from -0.01 (all time) to 0.47 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GILS.L vs. CUKX.L — Risk / Return Rank
GILS.L
CUKX.L
GILS.L vs. CUKX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor Core UK Government Bond (DR) UCITS ETF - Dist (GILS.L) and iShares FTSE 100 UCITS ETF (CUKX.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.
| GILS.L | CUKX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.89 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.37 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 2.40 | -2.55 |
| Martin ratioReturn relative to average drawdown | -0.35 | 8.21 | -8.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GILS.L | CUKX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.14 | 1.96 | -2.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.65 | 0.92 | -1.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.37 | 0.61 | -0.97 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.53 | -0.53 |
Drawdowns
GILS.L vs. CUKX.L - Drawdown Comparison
The maximum GILS.L drawdown since its inception was -38.75%, which is greater than CUKX.L's maximum drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for GILS.L and CUKX.L.
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Drawdown Indicators
| GILS.L | CUKX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.75% | -34.50% | -4.25% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -8.89% | +2.66% |
Max Drawdown (3Y)Largest decline over 3 years | -9.33% | -12.88% | +3.55% |
Max Drawdown (5Y)Largest decline over 5 years | -34.64% | -12.88% | -21.76% |
Max Drawdown (10Y)Largest decline over 10 years | -38.75% | -34.50% | -4.25% |
Current DrawdownCurrent decline from peak | -36.00% | -4.42% | -31.58% |
Average DrawdownAverage peak-to-trough decline | -12.01% | -4.40% | -7.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.60% | +0.17% |
Volatility
GILS.L vs. CUKX.L - Volatility Comparison
The current volatility for Lyxor Core UK Government Bond (DR) UCITS ETF - Dist (GILS.L) is 2.51%, while iShares FTSE 100 UCITS ETF (CUKX.L) has a volatility of 4.32%. This indicates that GILS.L experiences smaller price fluctuations and is considered to be less risky than CUKX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GILS.L | CUKX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 4.32% | -1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 5.64% | 9.47% | -3.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.67% | 10.87% | -4.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.11% | 12.71% | -2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.06% | 15.09% | -6.03% |
GILS.L vs. CUKX.L - Expense Ratio Comparison
GILS.L has a 0.05% expense ratio, which is lower than CUKX.L's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GILS.L vs. CUKX.L - Dividend Comparison
Neither GILS.L nor CUKX.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CUKX.L iShares FTSE 100 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GILS.L Lyxor Core UK Government Bond (DR) UCITS ETF - Dist | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.02% | 0.02% | 0.03% | 0.03% | 0.03% | 0.03% |
Frequently Asked Questions
GILS.L and CUKX.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GILS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GILS.L is cheaper with a 0.05% expense ratio, compared with 0.07% for CUKX.L.
GILS.L tracks FTSE Actuaries UK Conventional Gilts All Stocks, while CUKX.L tracks FTSE 100 Index. They also come from different issuers: Lyxor and iShares. Their fees differ too: 0.05% for GILS.L and 0.07% for CUKX.L.
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