GLAD.L vs. IDTL.L
Compare and contrast key facts about SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (GLAD.L) and iShares Treasury Bond 20+ UCITS (IDTL.L).
GLAD.L and IDTL.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLAD.L is a passively managed fund by State Street that tracks the performance of the Bloomberg Global Aggregate TR Hdg USD. It was launched on Oct 9, 2019. IDTL.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Government TR USD. It was launched on Jan 20, 2015. Both GLAD.L and IDTL.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLAD.L or IDTL.L.
Key characteristics
| GLAD.L | IDTL.L | |
|---|---|---|
| YTD Return | 3.11% | -3.85% |
| 1Y Return | 8.21% | 8.36% |
| 3Y Return (Ann) | -1.03% | -12.52% |
| 5Y Return (Ann) | 0.34% | -5.08% |
| Sharpe Ratio | 1.94 | 0.59 |
| Sortino Ratio | 3.01 | 0.94 |
| Omega Ratio | 1.37 | 1.11 |
| Calmar Ratio | 0.73 | 0.19 |
| Martin Ratio | 8.97 | 1.56 |
| Ulcer Index | 0.94% | 5.65% |
| Daily Std Dev | 4.33% | 14.94% |
| Max Drawdown | -15.20% | -48.31% |
| Current Drawdown | -3.95% | -40.30% |
Correlation
The correlation between GLAD.L and IDTL.L is 0.81, 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.
Performance
GLAD.L vs. IDTL.L - Performance Comparison
In the year-to-date period, GLAD.L achieves a 3.11% return, which is significantly higher than IDTL.L's -3.85% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GLAD.L vs. IDTL.L - Expense Ratio Comparison
GLAD.L has a 0.10% expense ratio, which is higher than IDTL.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
GLAD.L vs. IDTL.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (GLAD.L) and iShares Treasury Bond 20+ UCITS (IDTL.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.
Dividends
GLAD.L vs. IDTL.L - Dividend Comparison
GLAD.L has not paid dividends to shareholders, while IDTL.L's dividend yield for the trailing twelve months is around 4.28%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLAD.L SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDTL.L iShares Treasury Bond 20+ UCITS | 4.28% | 3.79% | 3.01% | 1.74% | 1.76% | 2.49% | 2.79% | 2.60% | 2.63% | 2.14% |
Drawdowns
GLAD.L vs. IDTL.L - Drawdown Comparison
The maximum GLAD.L drawdown since its inception was -15.20%, smaller than the maximum IDTL.L drawdown of -48.31%. Use the drawdown chart below to compare losses from any high point for GLAD.L and IDTL.L. For additional features, visit the drawdowns tool.
Volatility
GLAD.L vs. IDTL.L - Volatility Comparison
The current volatility for SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (GLAD.L) is 1.06%, while iShares Treasury Bond 20+ UCITS (IDTL.L) has a volatility of 5.09%. This indicates that GLAD.L experiences smaller price fluctuations and is considered to be less risky than IDTL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.