GILS.L vs. IGLT.L
GILS.L (Lyxor Core UK Government Bond (DR) UCITS ETF - Dist) and IGLT.L (iShares Core UK Gilts 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 IGLT.L is a Government Bonds fund tracking the FTSE Actuaries UK Conventional Gilts All Stocks Index. Both are passively managed. Over the past 10 years, GILS.L returned -3.32%/yr vs -0.95%/yr for IGLT.L. A 0.77 correlation means they provide meaningful diversification when combined. GILS.L charges 0.05%/yr vs 0.07%/yr for IGLT.L.
Performance
GILS.L vs. IGLT.L - Performance Comparison
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Different Trading Currencies
GILS.L is traded in GBp, while IGLT.L is traded in GBP. To make them comparable, the IGLT.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 -1.35% return, which is significantly lower than IGLT.L's -1.04% return. Over the past 10 years, GILS.L has underperformed IGLT.L with an annualized return of -3.32%, while IGLT.L has yielded a comparatively higher -0.95% 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%
IGLT.L
- 1D
- -0.47%
- 1M
- 1.20%
- YTD
- -1.04%
- 6M
- -1.34%
- 1Y
- 1.89%
- 3Y*
- 2.19%
- 5Y*
- -4.30%
- 10Y*
- -0.95%
GILS.L vs. IGLT.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% |
IGLT.L iShares Core UK Gilts UCITS ETF | -1.04% | 4.69% | -3.33% | 3.56% | -23.71% | -5.03% | 8.08% | 6.70% | 0.53% | 1.39% |
Correlation
The correlation between GILS.L and IGLT.L is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2010 | 0.77 |
The correlation between GILS.L and IGLT.L shifts across timeframes, from 0.77 (all time) to 0.96 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GILS.L vs. IGLT.L — Risk / Return Rank
GILS.L
IGLT.L
GILS.L vs. IGLT.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 Core UK Gilts UCITS ETF (IGLT.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 | IGLT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.07 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 0.42 | -0.58 |
| Martin ratioReturn relative to average drawdown | -0.35 | 1.14 | -1.48 |
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 | IGLT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.14 | 0.37 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.65 | -0.43 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.37 | -0.10 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.27 | -0.27 |
Drawdowns
GILS.L vs. IGLT.L - Drawdown Comparison
The maximum GILS.L drawdown since its inception was -38.75%, which is greater than IGLT.L's maximum drawdown of -35.52%. Use the drawdown chart below to compare losses from any high point for GILS.L and IGLT.L.
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Drawdown Indicators
| GILS.L | IGLT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.75% | -35.52% | -3.23% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -5.24% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -9.33% | -6.97% | -2.36% |
Max Drawdown (5Y)Largest decline over 5 years | -34.64% | -33.49% | -1.15% |
Max Drawdown (10Y)Largest decline over 10 years | -38.75% | -35.52% | -3.23% |
Current DrawdownCurrent decline from peak | -36.00% | -26.11% | -9.89% |
Average DrawdownAverage peak-to-trough decline | -12.01% | -8.25% | -3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 1.96% | +0.81% |
Volatility
GILS.L vs. IGLT.L - Volatility Comparison
Lyxor Core UK Government Bond (DR) UCITS ETF - Dist (GILS.L) and iShares Core UK Gilts UCITS ETF (IGLT.L) have volatilities of 2.51% and 2.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GILS.L | IGLT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 2.40% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 5.64% | 4.73% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.67% | 6.01% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.11% | 10.02% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.06% | 9.02% | +0.04% |
GILS.L vs. IGLT.L - Expense Ratio Comparison
GILS.L has a 0.05% expense ratio, which is lower than IGLT.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. IGLT.L - Dividend Comparison
GILS.L has not paid dividends to shareholders, while IGLT.L's dividend yield for the trailing twelve months is around 4.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
IGLT.L iShares Core UK Gilts UCITS ETF | 4.50% | 4.26% | 3.69% | 2.40% | 1.32% | 0.79% | 0.95% | 1.25% | 1.31% | 1.30% | 1.88% | 2.05% |
Frequently Asked Questions
With a correlation of 0.94, GILS.L and IGLT.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 IGLT.L.
GILS.L is categorized as European Government Bonds, while IGLT.L is Government Bonds. GILS.L tracks FTSE Actuaries UK Conventional Gilts All Stocks, while IGLT.L tracks FTSE Actuaries UK Conventional Gilts All Stocks Index. They also come from different issuers: Lyxor and iShares. Their fees differ too: 0.05% for GILS.L and 0.07% for IGLT.L.
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