GLT5.L vs. IGLT.L
Compare and contrast key facts about Invesco UK Gilt 1-5 Year UCITS ETF Dist (GLT5.L) and iShares Core UK Gilts UCITS ETF (IGLT.L).
GLT5.L and IGLT.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLT5.L is a passively managed fund by Invesco that tracks the performance of the FTSE Act UK Cnvt Gilts All Stocks TR GBP. It was launched on Mar 18, 2019. IGLT.L is a passively managed fund by iShares that tracks the performance of the FTSE Actuaries UK Conventional Gilts All Stocks Index. It was launched on Dec 1, 2006. Both GLT5.L and IGLT.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLT5.L or IGLT.L.
Key characteristics
| GLT5.L | IGLT.L | |
|---|---|---|
| YTD Return | 1.29% | -2.94% |
| 1Y Return | 3.85% | 3.43% |
| 3Y Return (Ann) | -0.30% | -8.60% |
| 5Y Return (Ann) | -0.15% | -4.86% |
| Sharpe Ratio | 1.35 | 0.35 |
| Sortino Ratio | 1.94 | 0.55 |
| Omega Ratio | 1.24 | 1.06 |
| Calmar Ratio | 0.56 | 0.08 |
| Martin Ratio | 5.48 | 0.82 |
| Ulcer Index | 0.63% | 3.13% |
| Daily Std Dev | 2.56% | 7.43% |
| Max Drawdown | -10.98% | -35.52% |
| Current Drawdown | -2.58% | -28.39% |
Correlation
The correlation between GLT5.L and IGLT.L is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GLT5.L vs. IGLT.L - Performance Comparison
In the year-to-date period, GLT5.L achieves a 1.29% return, which is significantly higher than IGLT.L's -2.94% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GLT5.L vs. IGLT.L - Expense Ratio Comparison
GLT5.L has a 0.06% expense ratio, which is lower than IGLT.L's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
GLT5.L vs. IGLT.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco UK Gilt 1-5 Year UCITS ETF Dist (GLT5.L) and iShares Core UK Gilts UCITS ETF (IGLT.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.
Dividends
GLT5.L vs. IGLT.L - Dividend Comparison
GLT5.L's dividend yield for the trailing twelve months is around 4.47%, more than IGLT.L's 3.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLT5.L Invesco UK Gilt 1-5 Year UCITS ETF Dist | 4.47% | 3.76% | 1.01% | 0.19% | 0.33% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGLT.L iShares Core UK Gilts UCITS ETF | 3.02% | 2.40% | 1.32% | 0.79% | 0.95% | 1.25% | 1.31% | 1.30% | 1.88% | 2.05% | 2.04% | 2.14% |
Drawdowns
GLT5.L vs. IGLT.L - Drawdown Comparison
The maximum GLT5.L drawdown since its inception was -10.98%, smaller than the maximum IGLT.L drawdown of -35.52%. Use the drawdown chart below to compare losses from any high point for GLT5.L and IGLT.L. For additional features, visit the drawdowns tool.
Volatility
GLT5.L vs. IGLT.L - Volatility Comparison
The current volatility for Invesco UK Gilt 1-5 Year UCITS ETF Dist (GLT5.L) is 2.46%, while iShares Core UK Gilts UCITS ETF (IGLT.L) has a volatility of 3.25%. This indicates that GLT5.L experiences smaller price fluctuations and is considered to be less risky than IGLT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.