GLGG.L vs. GBPC.L
GLGG.L (L&G Clean Water UCITS ETF) and GBPC.L (L&G ESG GBP Corporate Bond UCITS ETF) are both exchange-traded funds - GLGG.L is a Water Equities fund tracking the S&P Global Water TR, while GBPC.L is a European Corporate Bonds fund tracking the Markit iBoxx GBP NonGilts TR. Both are passively managed. Over the past 5 years, GLGG.L returned 6.66%/yr vs -0.17%/yr for GBPC.L. At a 0.20 correlation, their price movements are largely independent. GLGG.L charges 0.49%/yr vs 0.09%/yr for GBPC.L.
Performance
GLGG.L vs. GBPC.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GLGG.L achieves a 2.12% return, which is significantly higher than GBPC.L's 0.12% return.
GLGG.L
- 1D
- 0.49%
- 1M
- -0.96%
- YTD
- 2.12%
- 6M
- 1.19%
- 1Y
- 9.96%
- 3Y*
- 8.33%
- 5Y*
- 6.66%
- 10Y*
- —
GBPC.L
- 1D
- 0.26%
- 1M
- 2.00%
- YTD
- 0.12%
- 6M
- 0.43%
- 1Y
- 4.91%
- 3Y*
- 6.29%
- 5Y*
- -0.17%
- 10Y*
- —
GLGG.L vs. GBPC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GLGG.L L&G Clean Water UCITS ETF | 2.12% | 7.81% | 5.74% | 14.58% | -7.49% | 27.84% | 0.35% |
GBPC.L L&G ESG GBP Corporate Bond UCITS ETF | 0.12% | 6.83% | 2.78% | 8.45% | -17.18% | -2.43% | -0.23% |
Correlation
The correlation between GLGG.L and GBPC.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020 | 0.20 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GLGG.L vs. GBPC.L — Risk / Return Rank
GLGG.L
GBPC.L
GLGG.L vs. GBPC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Clean Water UCITS ETF (GLGG.L) and L&G ESG GBP Corporate Bond UCITS ETF (GBPC.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.
| GLGG.L | GBPC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.15 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 1.18 | -0.33 |
| Martin ratioReturn relative to average drawdown | 2.15 | 3.91 | -1.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GLGG.L | GBPC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.78 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | -0.02 | +0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | -0.10 | +0.69 |
Drawdowns
GLGG.L vs. GBPC.L - Drawdown Comparison
The maximum GLGG.L drawdown since its inception was -27.08%, roughly equal to the maximum GBPC.L drawdown of -28.18%. Use the drawdown chart below to compare losses from any high point for GLGG.L and GBPC.L.
Loading charts...
Drawdown Indicators
| GLGG.L | GBPC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.08% | -28.18% | +1.10% |
Max Drawdown (1Y)Largest decline over 1 year | -11.62% | -4.14% | -7.48% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -4.14% | -12.21% |
Max Drawdown (5Y)Largest decline over 5 years | -18.82% | -27.49% | +8.67% |
Current DrawdownCurrent decline from peak | -8.46% | -4.53% | -3.93% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -11.46% | +6.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.63% | 1.25% | +3.38% |
Volatility
GLGG.L vs. GBPC.L - Volatility Comparison
L&G Clean Water UCITS ETF (GLGG.L) has a higher volatility of 4.33% compared to L&G ESG GBP Corporate Bond UCITS ETF (GBPC.L) at 3.33%. This indicates that GLGG.L's price experiences larger fluctuations and is considered to be riskier than GBPC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GLGG.L | GBPC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 3.33% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 11.10% | 5.09% | +6.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.76% | 6.23% | +7.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.04% | 8.19% | +6.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.68% | 8.15% | +9.53% |
GLGG.L vs. GBPC.L - Expense Ratio Comparison
GLGG.L has a 0.49% expense ratio, which is higher than GBPC.L's 0.09% expense ratio.
Dividends
GLGG.L vs. GBPC.L - Dividend Comparison
GLGG.L has not paid dividends to shareholders, while GBPC.L's dividend yield for the trailing twelve months is around 5.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GBPC.L L&G ESG GBP Corporate Bond UCITS ETF | 5.14% | 5.00% | 4.86% | 3.58% | 2.16% | 0.87% |
GLGG.L L&G Clean Water UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLGG.L and GBPC.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GBPC.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GBPC.L is cheaper with a 0.09% expense ratio, compared with 0.49% for GLGG.L.
GLGG.L is categorized as Water Equities, while GBPC.L is European Corporate Bonds. GLGG.L tracks S&P Global Water TR, while GBPC.L tracks Markit iBoxx GBP NonGilts TR. Their fees differ too: 0.49% for GLGG.L and 0.09% for GBPC.L.
Find the right allocation for GLGG.L and GBPC.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer