GLT5.L vs. J13E.L
GLT5.L (Invesco UK Gilt 1-5 Year UCITS ETF Dist) and J13E.L (JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc)) are both European Government Bonds funds - GLT5.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP while J13E.L tracks the Bloomberg Euro Agg Govt 1-3 Yr TR EUR. Both are passively managed. Over the past 5 years, GLT5.L returned 0.90%/yr vs 0.77%/yr for J13E.L. At a 0.18 correlation, their price movements are largely independent. GLT5.L charges 0.06%/yr vs 0.10%/yr for J13E.L.
Performance
GLT5.L vs. J13E.L - Performance Comparison
Loading charts...
Different Trading Currencies
GLT5.L is traded in GBp, while J13E.L is traded in GBP. To make them comparable, the J13E.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLT5.L achieves a 0.19% return, which is significantly higher than J13E.L's -0.90% 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*
- —
J13E.L
- 1D
- 0.20%
- 1M
- 0.55%
- YTD
- -0.90%
- 6M
- -0.76%
- 1Y
- 3.55%
- 3Y*
- 2.73%
- 5Y*
- 0.77%
- 10Y*
- —
GLT5.L vs. J13E.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% |
J13E.L JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) | -0.90% | 7.65% | -1.69% | 1.45% | 0.25% | -7.21% | 5.47% | -0.58% |
Correlation
The correlation between GLT5.L and J13E.L is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2019 | 0.18 |
The correlation between GLT5.L and J13E.L shifts across timeframes, from 0.09 (1 year) to 0.20 (3 years), reflecting how their relationship changes across market environments.
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
GLT5.L vs. J13E.L — Risk / Return Rank
GLT5.L
J13E.L
GLT5.L vs. J13E.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 JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) (J13E.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 | J13E.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.15 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.28 | +0.10 |
| Martin ratioReturn relative to average drawdown | 4.42 | 2.88 | +1.54 |
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
| GLT5.L | J13E.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 0.84 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.14 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.02 | +0.30 |
Drawdowns
GLT5.L vs. J13E.L - Drawdown Comparison
The maximum GLT5.L drawdown since its inception was -10.98%, smaller than the maximum J13E.L drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for GLT5.L and J13E.L.
Loading charts...
Drawdown Indicators
| GLT5.L | J13E.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.98% | -13.59% | +2.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.20% | -2.76% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -2.20% | -3.14% | +0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -10.32% | -6.48% | -3.84% |
Current DrawdownCurrent decline from peak | -0.92% | -4.67% | +3.75% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -7.27% | +4.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 1.23% | -0.54% |
Volatility
GLT5.L vs. J13E.L - Volatility Comparison
Invesco UK Gilt 1-5 Year UCITS ETF Dist (GLT5.L) has a higher volatility of 1.88% compared to JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) (J13E.L) at 1.24%. This indicates that GLT5.L's price experiences larger fluctuations and is considered to be riskier than J13E.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GLT5.L | J13E.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 1.24% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 2.63% | 2.87% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.00% | 4.18% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.25% | 5.31% | -2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.92% | 6.28% | -3.36% |
GLT5.L vs. J13E.L - Expense Ratio Comparison
GLT5.L has a 0.06% expense ratio, which is lower than J13E.L's 0.10% 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%.
Dividends
GLT5.L vs. J13E.L - Dividend Comparison
GLT5.L's dividend yield for the trailing twelve months is around 4.13%, while J13E.L has not paid dividends to shareholders.
| 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% |
J13E.L JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% |
Frequently Asked Questions
GLT5.L and J13E.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLT5.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLT5.L is cheaper with a 0.06% expense ratio, compared with 0.10% for J13E.L.
GLT5.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while J13E.L tracks Bloomberg Euro Agg Govt 1-3 Yr TR EUR. They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.06% for GLT5.L and 0.10% for J13E.L.
Find the right allocation for GLT5.L and J13E.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