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GLAG.MI vs. GLDV.MI
Performance
Return for Risk
Dividends
Drawdowns
Volatility

GLAG.MI vs. GLDV.MI

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR Bloomberg Global Aggregate Bond UCITS ETF (Dist) (GLAG.MI) and SPDR S&P Global Dividend Aristocrats UCITS (GLDV.MI).

GLAG.MI and GLDV.MI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLAG.MI is a passively managed fund by State Street that tracks the performance of the Bloomberg Global Aggregate Bond Index. It was launched on Jan 9, 2023. GLDV.MI is a passively managed fund by State Street that tracks the performance of the S&P Global BMI Index. It was launched on May 14, 2013. Both GLAG.MI and GLDV.MI 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

GLAG.MI vs. GLDV.MI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR Bloomberg Global Aggregate Bond UCITS ETF (Dist) (GLAG.MI) and SPDR S&P Global Dividend Aristocrats UCITS (GLDV.MI). The values are adjusted to include any dividend payments, if applicable.

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GLAG.MI vs. GLDV.MI - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
GLAG.MI
SPDR Bloomberg Global Aggregate Bond UCITS ETF (Dist)		0.44%-4.81%4.42%1.76%-11.19%2.81%-0.84%8.95%5.77%
GLDV.MI
SPDR S&P Global Dividend Aristocrats UCITS		4.13%4.55%14.31%3.25%-1.62%25.05%-16.89%22.98%0.60%

Returns By Period

In the year-to-date period, GLAG.MI achieves a 0.44% return, which is significantly lower than GLDV.MI's 4.13% return.

GLAG.MI

1D
-0.45%
1M
-1.05%
YTD
0.44%
6M
0.40%
1Y
-3.14%
3Y*
0.17%
5Y*
-1.46%
10Y*
—

GLDV.MI

1D
0.49%
1M
-3.11%
YTD
4.13%
6M
7.37%
1Y
8.29%
3Y*
9.86%
5Y*
6.71%
10Y*
6.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR Bloomberg Global Aggregate Bond UCITS ETF (Dist)

SPDR S&P Global Dividend Aristocrats UCITS

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GLAG.MI vs. GLDV.MI - Expense Ratio Comparison

GLAG.MI has a 0.10% expense ratio, which is lower than GLDV.MI's 0.45% expense ratio.

GLDV.MI
SPDR S&P Global Dividend Aristocrats UCITS
GLAG.MI
SPDR Bloomberg Global Aggregate Bond UCITS ETF (Dist)

Return for Risk

GLAG.MI vs. GLDV.MI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GLAG.MI
GLAG.MI Risk / Return Rank: 33
Overall Rank
GLAG.MI Sharpe Ratio Rank: 22
Sharpe Ratio Rank
GLAG.MI Sortino Ratio Rank: 22
Sortino Ratio Rank
GLAG.MI Omega Ratio Rank: 22
Omega Ratio Rank
GLAG.MI Calmar Ratio Rank: 44
Calmar Ratio Rank
GLAG.MI Martin Ratio Rank: 66
Martin Ratio Rank
GLDV.MI
GLDV.MI Risk / Return Rank: 3131
Overall Rank
GLDV.MI Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
GLDV.MI Sortino Ratio Rank: 3030
Sortino Ratio Rank
GLDV.MI Omega Ratio Rank: 3131
Omega Ratio Rank
GLDV.MI Calmar Ratio Rank: 2828
Calmar Ratio Rank
GLDV.MI Martin Ratio Rank: 3434
Martin Ratio Rank
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.

GLAG.MI vs. GLDV.MI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Global Aggregate Bond UCITS ETF (Dist) (GLAG.MI) and SPDR S&P Global Dividend Aristocrats UCITS (GLDV.MI). 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.

GLAG.MIGLDV.MIDifference

Sharpe ratio

Return per unit of total volatility

-0.68

0.68

-1.36

Sortino ratio

Return per unit of downside risk

-0.86

0.95

-1.80

Omega ratio

Gain probability vs. loss probability

0.89

1.13

-0.24

Calmar ratio

Return relative to maximum drawdown

-0.50

0.73

-1.23

Martin ratio

Return relative to average drawdown

-0.74

3.21

-3.95

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLAG.MI vs. GLDV.MI - Sharpe Ratio Comparison

The current GLAG.MI Sharpe Ratio is -0.68, which is lower than the GLDV.MI Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of GLAG.MI and GLDV.MI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

GLAG.MIGLDV.MIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.68

0.68

-1.36

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.25

0.54

-0.79

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.43

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.13

0.47

-0.34

Correlation

The correlation between GLAG.MI and GLDV.MI is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

GLAG.MI vs. GLDV.MI - Dividend Comparison

GLAG.MI's dividend yield for the trailing twelve months is around 2.70%, less than GLDV.MI's 4.02% yield.

TTM20252024202320222021202020192018201720162015
GLAG.MI
SPDR Bloomberg Global Aggregate Bond UCITS ETF (Dist)		2.70%2.96%2.46%1.86%1.39%0.98%1.40%1.50%0.81%0.00%0.00%0.00%
GLDV.MI
SPDR S&P Global Dividend Aristocrats UCITS		4.02%4.25%3.73%4.25%4.51%3.57%3.97%3.46%5.10%3.36%3.62%3.80%

Drawdowns

GLAG.MI vs. GLDV.MI - Drawdown Comparison

The maximum GLAG.MI drawdown since its inception was -16.12%, smaller than the maximum GLDV.MI drawdown of -41.02%. Use the drawdown chart below to compare losses from any high point for GLAG.MI and GLDV.MI.

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Drawdown Indicators

GLAG.MIGLDV.MIDifference

Max Drawdown

Largest peak-to-trough decline

-16.12%

-41.02%

+24.90%

Max Drawdown (1Y)

Largest decline over 1 year

-4.52%

-11.32%

+6.80%

Max Drawdown (5Y)

Largest decline over 5 years

-15.05%

-18.38%

+3.33%

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.02%

—

Current Drawdown

Current decline from peak

-12.04%

-3.81%

-8.23%

Average Drawdown

Average peak-to-trough decline

-7.00%

-6.91%

-0.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.27%

2.58%

+0.69%

Volatility

GLAG.MI vs. GLDV.MI - Volatility Comparison

The current volatility for SPDR Bloomberg Global Aggregate Bond UCITS ETF (Dist) (GLAG.MI) is 1.45%, while SPDR S&P Global Dividend Aristocrats UCITS (GLDV.MI) has a volatility of 3.02%. This indicates that GLAG.MI experiences smaller price fluctuations and is considered to be less risky than GLDV.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GLAG.MIGLDV.MIDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.45%

3.02%

-1.57%

Volatility (6M)

Calculated over the trailing 6-month period

2.59%

6.67%

-4.08%

Volatility (1Y)

Calculated over the trailing 1-year period

4.66%

12.25%

-7.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.88%

12.38%

-6.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.65%

14.86%

-9.21%