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GLBL.L vs. WDIV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GLBL.L vs. WDIV

Last updated Jun 5, 2026

GLBL.L (SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged) and WDIV (SPDR S&P Global Dividend ETF) are both exchange-traded funds - GLBL.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD, while WDIV is a Global Equities fund tracking the S&P Global Dividend Aristocrats Index sp_43. Both are passively managed. Over the past 5 years, GLBL.L returned -2.93%/yr vs 8.88%/yr for WDIV. At a 0.17 correlation, their price movements are largely independent. GLBL.L charges 0.10%/yr vs 0.40%/yr for WDIV.

Performance

GLBL.L vs. WDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged (GLBL.L) and SPDR S&P Global Dividend ETF (WDIV). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

GLBL.L is traded in GBP, while WDIV is traded in USD. To make them comparable, the WDIV values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, GLBL.L achieves a -1.47% return, which is significantly lower than WDIV's 9.37% return.

GLBL.L

1D
0.11%
1M
0.87%
YTD
-1.47%
6M
-1.76%
1Y
0.11%
3Y*
-2.10%
5Y*
-2.93%
10Y*
—

WDIV

1D
0.67%
1M
2.17%
YTD
9.37%
6M
10.14%
1Y
23.25%
3Y*
14.54%
5Y*
8.88%
10Y*
8.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GLBL.L vs. WDIV - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
GLBL.L
SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged		-1.47%-2.39%-2.65%-2.45%-7.22%-5.08%3.70%1.65%7.05%
WDIV
SPDR S&P Global Dividend ETF		9.37%18.10%9.49%2.80%4.15%15.53%-12.82%15.55%-1.47%

Correlation

The correlation between GLBL.L and WDIV is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.31

Correlation (3Y)
Calculated over the trailing 3-year period

0.27

Correlation (5Y)
Calculated over the trailing 5-year period

0.16

Correlation (All Time)
Calculated using the full available price history since Jan 31, 2018

0.17

The correlation between GLBL.L and WDIV shifts across timeframes, from 0.16 (5 years) to 0.31 (1 year), reflecting how their relationship changes across market environments.

GLBL.L vs. WDIV - Sectors Allocation Comparison

Sectors
GLBL.L
WDIV

Financial Services

1.5%
23.1%

Communication Services

0.3%
9.8%

Consumer Cyclical

0.2%
3.9%

Healthcare

0.2%
4.6%

Utilities

0.1%
13.8%

Consumer Defensive

0.1%
6.4%

Energy

0.1%
7.1%

Technology

0.1%
2.9%

Industrials

0.0%
12.1%

Basic Materials

0.0%
3.1%

Real Estate

0.0%
13.3%

Financial Services

GLBL.L
1.5%
WDIV
23.1%

Communication Services

GLBL.L
0.3%
WDIV
9.8%

Consumer Cyclical

GLBL.L
0.2%
WDIV
3.9%

Healthcare

GLBL.L
0.2%
WDIV
4.6%

Utilities

GLBL.L
0.1%
WDIV
13.8%

Consumer Defensive

GLBL.L
0.1%
WDIV
6.4%

Energy

GLBL.L
0.1%
WDIV
7.1%

Technology

GLBL.L
0.1%
WDIV
2.9%

Industrials

GLBL.L
0.0%
WDIV
12.1%

Basic Materials

GLBL.L
0.0%
WDIV
3.1%

Real Estate

GLBL.L
0.0%
WDIV
13.3%

Compare stocks, funds, or ETFs

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SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged

SPDR S&P Global Dividend ETF

Often compared with GLBL.L:
GLBL.L vs. SHLDGLBL.L vs. GAGG.LGLBL.L vs. GLAD.LGLBL.L vs. GLAB.LGLBL.L vs. GLAU.LGLBL.L vs. PRIG.LGLBL.L vs. AGHG.L
Often compared with WDIV:
WDIV vs. SCHDWDIV vs. SCHYWDIV vs. VYMWDIV vs. WLDRWDIV vs. VIGIWDIV vs. SPYWDIV vs. IVV

Return for Risk

GLBL.L vs. WDIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GLBL.L
GLBL.L Risk / Return Rank: 99
Overall Rank
GLBL.L Sharpe Ratio Rank: 99
Sharpe Ratio Rank
GLBL.L Sortino Ratio Rank: 88
Sortino Ratio Rank
GLBL.L Omega Ratio Rank: 99
Omega Ratio Rank
GLBL.L Calmar Ratio Rank: 99
Calmar Ratio Rank
GLBL.L Martin Ratio Rank: 99
Martin Ratio Rank
WDIV
WDIV Risk / Return Rank: 6262
Overall Rank
WDIV Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
WDIV Sortino Ratio Rank: 7070
Sortino Ratio Rank
WDIV Omega Ratio Rank: 6666
Omega Ratio Rank
WDIV Calmar Ratio Rank: 5353
Calmar Ratio Rank
WDIV Martin Ratio Rank: 5555
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.

GLBL.L vs. WDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged (GLBL.L) and SPDR S&P Global Dividend ETF (WDIV). 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.

GLBL.LWDIVDifference
Sharpe ratioReturn per unit of total volatility
0.02
2.73

-2.71

Sortino ratioReturn per unit of downside risk
0.07
3.99

-3.92

Omega ratioGain probability vs. loss probability

1.01

1.50

-0.50

Calmar ratioReturn relative to maximum drawdown

0.02

3.04

-3.02

Martin ratioReturn relative to average drawdown

0.04

11.49

-11.45

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

GLBL.L vs. WDIV - Sharpe Ratio Comparison

The current GLBL.L Sharpe Ratio is 0.02, which is lower than the WDIV Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of GLBL.L and WDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

GLBL.LWDIVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.02

2.73

-2.71

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.43

0.86

-1.29

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.59

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.16

0.58

-0.74

Drawdowns

GLBL.L vs. WDIV - Drawdown Comparison

The maximum GLBL.L drawdown since its inception was -25.17%, smaller than the maximum WDIV drawdown of -35.23%. Use the drawdown chart below to compare losses from any high point for GLBL.L and WDIV.

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Drawdown Indicators

GLBL.LWDIVDifference

Max Drawdown

Largest peak-to-trough decline

-25.17%

-35.23%

+10.06%

Max Drawdown (1Y)

Largest decline over 1 year

-5.16%

-7.67%

+2.51%

Max Drawdown (3Y)

Largest decline over 3 years

-8.09%

-8.89%

+0.80%

Max Drawdown (5Y)

Largest decline over 5 years

-18.62%

-13.34%

-5.28%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.23%

—

Current Drawdown

Current decline from peak

-24.05%

-0.19%

-23.86%

Average Drawdown

Average peak-to-trough decline

-12.84%

-4.78%

-8.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.69%

2.03%

+0.66%

Volatility

GLBL.L vs. WDIV - Volatility Comparison

The current volatility for SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged (GLBL.L) is 1.36%, while SPDR S&P Global Dividend ETF (WDIV) has a volatility of 2.35%. This indicates that GLBL.L experiences smaller price fluctuations and is considered to be less risky than WDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GLBL.LWDIVDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.36%

2.35%

-0.99%

Volatility (6M)

Calculated over the trailing 6-month period

3.61%

6.89%

-3.28%

Volatility (1Y)

Calculated over the trailing 1-year period

5.00%

8.56%

-3.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.74%

10.43%

-3.69%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.27%

14.10%

-6.83%

GLBL.L vs. WDIV - Expense Ratio Comparison

GLBL.L has a 0.10% expense ratio, which is lower than WDIV's 0.40% expense ratio.

Dividends

GLBL.L vs. WDIV - Dividend Comparison

GLBL.L's dividend yield for the trailing twelve months is around 0.03%, less than WDIV's 4.01% yield.

PositionTTM20252024202320222021202020192018201720162015
GLBL.L
SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged		0.03%0.03%0.03%0.02%0.01%0.01%0.02%0.02%0.01%0.00%0.00%0.00%
WDIV
SPDR S&P Global Dividend ETF		4.01%4.27%4.63%4.73%5.12%4.15%5.55%3.99%4.42%3.62%4.32%5.03%

Frequently Asked Questions

GLBL.L and WDIV have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, GLBL.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

GLBL.L is cheaper with a 0.10% expense ratio, compared with 0.40% for WDIV.

GLBL.L is categorized as Global Bonds, while WDIV is Global Equities. GLBL.L tracks Bloomberg Global Aggregate TR USD, while WDIV tracks S&P Global Dividend Aristocrats Index sp_43. Their fees differ too: 0.10% for GLBL.L and 0.40% for WDIV.

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