GLDV.MI vs. GLAG.MI

Last updated Apr 2, 2026

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

GLDV.MI and GLAG.MI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both GLDV.MI and GLAG.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

GLDV.MI vs. GLAG.MI - Performance Comparison

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
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%
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%

Returns By Period

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

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%

GLAG.MI

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

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

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

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

GLDV.MI

SPDR S&P Global Dividend Aristocrats UCITS

GLAG.MI

SPDR Bloomberg Global Aggregate Bond UCITS ETF (Dist)

Return for Risk

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

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

GLDV.MI

GLDV.MI Risk / Return Rank: 31
GLDV.MI Sharpe Ratio Rank: 34
GLDV.MI Sortino Ratio Rank: 30
GLDV.MI Omega Ratio Rank: 31
GLDV.MI Calmar Ratio Rank: 28
GLDV.MI Martin Ratio Rank: 34

GLAG.MI

GLAG.MI Risk / Return Rank: 3
GLAG.MI Sharpe Ratio Rank: 2
GLAG.MI Sortino Ratio Rank: 2
GLAG.MI Omega Ratio Rank: 2
GLAG.MI Calmar Ratio Rank: 4
GLAG.MI Martin Ratio Rank: 6

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.

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

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

	GLDV.MI	GLAG.MI	Difference
Sharpe ratio Return per unit of total volatility	0.68	-0.68	+1.36
Sortino ratio Return per unit of downside risk	0.95	-0.86	+1.80
Omega ratio Gain probability vs. loss probability	1.13	0.89	+0.24
Calmar ratio Return relative to maximum drawdown	0.73	-0.50	+1.23
Martin ratio Return relative to average drawdown	3.21	-0.74	+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.

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

The current GLDV.MI Sharpe Ratio is 0.68, which is higher than the GLAG.MI Sharpe Ratio of -0.68. The chart below compares the historical Sharpe Ratios of GLDV.MI and GLAG.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.

Sharpe Ratios by Period

	GLDV.MI	GLAG.MI	Difference
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	0.54	-0.25	+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	0.47	0.13	+0.34

Correlation

The correlation between GLDV.MI and GLAG.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

GLDV.MI vs. GLAG.MI - Dividend Comparison

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

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
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%

Drawdowns

GLDV.MI vs. GLAG.MI - Drawdown Comparison

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

Drawdown Indicators

	GLDV.MI	GLAG.MI	Difference
Max Drawdown Largest peak-to-trough decline	-41.02%	-16.12%	-24.90%
Max Drawdown (1Y) Largest decline over 1 year	-11.32%	-4.52%	-6.80%
Max Drawdown (5Y) Largest decline over 5 years	-18.38%	-15.05%	-3.33%
Max Drawdown (10Y) Largest decline over 10 years	-41.02%	—	—
Current Drawdown Current decline from peak	-3.81%	-12.04%	+8.23%
Average Drawdown Average peak-to-trough decline	-6.91%	-7.00%	+0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	3.27%	-0.69%

Volatility

GLDV.MI vs. GLAG.MI - Volatility Comparison

SPDR S&P Global Dividend Aristocrats UCITS (GLDV.MI) has a higher volatility of 3.02% compared to SPDR Bloomberg Global Aggregate Bond UCITS ETF (Dist) (GLAG.MI) at 1.45%. This indicates that GLDV.MI's price experiences larger fluctuations and is considered to be riskier than GLAG.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLDV.MI	GLAG.MI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	1.45%	+1.57%
Volatility (6M) Calculated over the trailing 6-month period	6.67%	2.59%	+4.08%
Volatility (1Y) Calculated over the trailing 1-year period	12.25%	4.66%	+7.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.38%	5.88%	+6.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.86%	5.65%	+9.21%