GILS.L vs. IGL5.L

Last updated Apr 2, 2026

Compare and contrast key facts about Lyxor Core UK Government Bond (DR) UCITS ETF - Dist (GILS.L) and iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.L).

GILS.L and IGL5.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GILS.L is a passively managed fund by Lyxor that tracks the performance of the FTSE Actuaries UK Conventional Gilts All Stocks. It was launched on Nov 10, 2010. IGL5.L is a passively managed fund by iShares that tracks the performance of the FTSE Actuaries UK Conventional Gilts up to 5 Years Index (GBP). It was launched on Apr 19, 2023. Both GILS.L and IGL5.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GILS.L vs. IGL5.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor Core UK Government Bond (DR) UCITS ETF - Dist (GILS.L) and iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.L). The values are adjusted to include any dividend payments, if applicable.

GILS.L vs. IGL5.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GILS.L Lyxor Core UK Government Bond (DR) UCITS ETF - Dist	-1.19%	1.70%	-5.79%	4.74%
IGL5.L iShares UK Gilts 0-5yr UCITS ETF GBP (Acc)	0.47%	4.56%	2.68%	4.14%

Different Trading Currencies

GILS.L is traded in GBp, while IGL5.L is traded in GBP. To make them comparable, the IGL5.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, GILS.L achieves a -1.19% return, which is significantly lower than IGL5.L's 0.47% return.

GILS.L

• 1D: 0.66%
• 1M: -2.86%
• YTD: -1.19%
• 6M: -1.38%
• 1Y: -0.45%
• 3Y*: -2.01%
• 5Y*: -6.49%
• 10Y*: -3.11%

IGL5.L

• 1D: 0.41%
• 1M: -0.92%
• YTD: 0.47%
• 6M: 1.35%
• 1Y: 3.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GILS.L vs. IGL5.L - Expense Ratio Comparison

GILS.L has a 0.05% expense ratio, which is lower than IGL5.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%.

IGL5.L

iShares UK Gilts 0-5yr UCITS ETF GBP (Acc)

GILS.L

Lyxor Core UK Government Bond (DR) UCITS ETF - Dist

Return for Risk

GILS.L vs. IGL5.L — Risk / Return Rank

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

GILS.L

GILS.L Risk / Return Rank: 10
GILS.L Sharpe Ratio Rank: 10
GILS.L Sortino Ratio Rank: 9
GILS.L Omega Ratio Rank: 9
GILS.L Calmar Ratio Rank: 11
GILS.L Martin Ratio Rank: 11

IGL5.L

IGL5.L Risk / Return Rank: 83
IGL5.L Sharpe Ratio Rank: 87
IGL5.L Sortino Ratio Rank: 91
IGL5.L Omega Ratio Rank: 90
IGL5.L Calmar Ratio Rank: 67
IGL5.L Martin Ratio Rank: 78

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.

GILS.L vs. IGL5.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 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.

	GILS.L	IGL5.L	Difference
Sharpe ratio Return per unit of total volatility	-0.07	1.91	-1.97
Sortino ratio Return per unit of downside risk	-0.04	2.73	-2.78
Omega ratio Gain probability vs. loss probability	0.99	1.40	-0.40
Calmar ratio Return relative to maximum drawdown	-0.05	1.92	-1.97
Martin ratio Return relative to average drawdown	-0.13	9.35	-9.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GILS.L vs. IGL5.L - Sharpe Ratio Comparison

The current GILS.L Sharpe Ratio is -0.07, which is lower than the IGL5.L Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of GILS.L and IGL5.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GILS.L	IGL5.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.07	1.91	-1.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.65	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	1.96	-1.95

Correlation

The correlation between GILS.L and IGL5.L is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

GILS.L vs. IGL5.L - Dividend Comparison

Neither GILS.L nor IGL5.L has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
IGL5.L iShares UK Gilts 0-5yr UCITS ETF GBP (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

GILS.L vs. IGL5.L - Drawdown Comparison

The maximum GILS.L drawdown since its inception was -38.75%, which is greater than IGL5.L's maximum drawdown of -1.89%. Use the drawdown chart below to compare losses from any high point for GILS.L and IGL5.L.

Drawdown Indicators

	GILS.L	IGL5.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.75%	-1.89%	-36.86%
Max Drawdown (1Y) Largest decline over 1 year	-5.53%	-1.89%	-3.64%
Max Drawdown (5Y) Largest decline over 5 years	-34.64%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.75%	—	—
Current Drawdown Current decline from peak	-35.89%	-1.08%	-34.81%
Average Drawdown Average peak-to-trough decline	-11.75%	-0.28%	-11.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	0.39%	+1.65%

Volatility

GILS.L vs. IGL5.L - Volatility Comparison

Lyxor Core UK Government Bond (DR) UCITS ETF - Dist (GILS.L) has a higher volatility of 2.81% compared to iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.L) at 1.15%. This indicates that GILS.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.

Volatility by Period

	GILS.L	IGL5.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	1.15%	+1.66%
Volatility (6M) Calculated over the trailing 6-month period	5.10%	1.58%	+3.52%
Volatility (1Y) Calculated over the trailing 1-year period	6.69%	1.92%	+4.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.05%	2.11%	+7.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.03%	2.11%	+6.92%