GLT5.L vs. GLTP.L
GLT5.L (Invesco UK Gilt 1-5 Year UCITS ETF Dist) and GLTP.L (Invesco UK Gilts UCITS ETF Dist) are both European Government Bonds funds from Invesco tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 5 years, GLT5.L returned 0.90%/yr vs -4.79%/yr for GLTP.L. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.06% expense ratio.
Performance
GLT5.L vs. GLTP.L - Performance Comparison
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Returns By Period
In the year-to-date period, GLT5.L achieves a 0.19% return, which is significantly higher than GLTP.L's -1.34% return.
GLT5.L
- 1D
- 0.06%
- 1M
- 0.73%
- YTD
- 0.19%
- 6M
- 0.42%
- 1Y
- 3.04%
- 3Y*
- 4.09%
- 5Y*
- 0.90%
- 10Y*
- —
GLTP.L
- 1D
- 0.25%
- 1M
- 1.64%
- YTD
- -1.34%
- 6M
- -1.41%
- 1Y
- 2.02%
- 3Y*
- 2.16%
- 5Y*
- -4.79%
- 10Y*
- —
GLT5.L vs. GLTP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GLT5.L Invesco UK Gilt 1-5 Year UCITS ETF Dist | 0.19% | 5.31% | 2.14% | 3.86% | -5.44% | -1.89% | 1.83% | 0.69% |
GLTP.L Invesco UK Gilts UCITS ETF Dist | -1.34% | 5.35% | -4.39% | 3.50% | -24.95% | -5.40% | 8.70% | 4.44% |
Correlation
The correlation between GLT5.L and GLTP.L is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2019 | 0.75 |
The correlation between GLT5.L and GLTP.L shifts across timeframes, from 0.66 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GLT5.L vs. GLTP.L — Risk / Return Rank
GLT5.L
GLTP.L
GLT5.L vs. GLTP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco UK Gilt 1-5 Year UCITS ETF Dist (GLT5.L) and Invesco UK Gilts UCITS ETF Dist (GLTP.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.
| GLT5.L | GLTP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.06 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 0.35 | +1.03 |
| Martin ratioReturn relative to average drawdown | 4.42 | 0.94 | +3.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GLT5.L | GLTP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 0.31 | +0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | -0.45 | +0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | -0.26 | +0.58 |
Drawdowns
GLT5.L vs. GLTP.L - Drawdown Comparison
The maximum GLT5.L drawdown since its inception was -10.98%, smaller than the maximum GLTP.L drawdown of -37.02%. Use the drawdown chart below to compare losses from any high point for GLT5.L and GLTP.L.
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Drawdown Indicators
| GLT5.L | GLTP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.98% | -37.02% | +26.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.20% | -5.69% | +3.49% |
Max Drawdown (3Y)Largest decline over 3 years | -2.20% | -7.66% | +5.46% |
Max Drawdown (5Y)Largest decline over 5 years | -10.32% | -34.89% | +24.57% |
Current DrawdownCurrent decline from peak | -0.92% | -28.38% | +27.46% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -18.68% | +16.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 2.15% | -1.46% |
Volatility
GLT5.L vs. GLTP.L - Volatility Comparison
The current volatility for Invesco UK Gilt 1-5 Year UCITS ETF Dist (GLT5.L) is 1.88%, while Invesco UK Gilts UCITS ETF Dist (GLTP.L) has a volatility of 2.85%. This indicates that GLT5.L experiences smaller price fluctuations and is considered to be less risky than GLTP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLT5.L | GLTP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 2.85% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 2.63% | 5.22% | -2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.00% | 6.51% | -3.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.25% | 10.58% | -7.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.92% | 10.25% | -7.33% |
GLT5.L vs. GLTP.L - Expense Ratio Comparison
Both GLT5.L and GLTP.L have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
GLT5.L vs. GLTP.L - Dividend Comparison
GLT5.L's dividend yield for the trailing twelve months is around 4.13%, less than GLTP.L's 4.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GLT5.L Invesco UK Gilt 1-5 Year UCITS ETF Dist | 4.13% | 4.12% | 4.43% | 3.76% | 1.01% | 0.19% | 0.33% | 0.44% |
GLTP.L Invesco UK Gilts UCITS ETF Dist | 4.50% | 4.39% | 4.33% | 3.24% | 1.62% | 0.81% | 0.81% | 0.72% |
Frequently Asked Questions
GLT5.L and GLTP.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.06% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GLT5.L and GLTP.L have the same expense ratio: 0.06% per year.
Both ETFs track FTSE Act UK Cnvt Gilts All Stocks TR GBP.
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