GLT5.L vs. SGLN.L
GLT5.L (Invesco UK Gilt 1-5 Year UCITS ETF Dist) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - GLT5.L is a European Government Bonds fund tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, GLT5.L returned 0.95%/yr vs 18.64%/yr for SGLN.L. At a 0.25 correlation, their price movements are largely independent. GLT5.L charges 0.06%/yr vs 0.12%/yr for SGLN.L.
Performance
GLT5.L vs. SGLN.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GLT5.L achieves a 0.50% return, which is significantly higher than SGLN.L's -1.83% return.
GLT5.L
- 1D
- 0.20%
- 1M
- 0.78%
- YTD
- 0.50%
- 6M
- 0.86%
- 1Y
- 2.92%
- 3Y*
- 4.55%
- 5Y*
- 0.95%
- 10Y*
- —
SGLN.L
- 1D
- 2.90%
- 1M
- -9.54%
- YTD
- -1.83%
- 6M
- -1.90%
- 1Y
- 24.78%
- 3Y*
- 26.65%
- 5Y*
- 18.64%
- 10Y*
- 13.01%
GLT5.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GLT5.L Invesco UK Gilt 1-5 Year UCITS ETF Dist | 0.50% | 5.31% | 2.14% | 3.86% | -5.44% | -1.89% | 1.83% | 0.88% |
SGLN.L iShares Physical Gold ETC | -1.83% | 53.66% | 28.20% | 7.24% | 11.84% | -2.82% | 19.93% | 17.56% |
Correlation
The correlation between GLT5.L and SGLN.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2019 | 0.25 |
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. SGLN.L — Risk / Return Rank
GLT5.L
SGLN.L
GLT5.L vs. SGLN.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 iShares Physical Gold ETC (SGLN.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GLT5.L | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.22 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 1.13 | +0.17 |
| Martin ratioReturn relative to average drawdown | 4.08 | 3.51 | +0.57 |
Loading charts...
Drawdowns
GLT5.L vs. SGLN.L - Drawdown Comparison
The maximum GLT5.L drawdown since its inception was -10.98%, smaller than the maximum SGLN.L drawdown of -53.23%. Use the drawdown chart below to compare losses from any high point for GLT5.L and SGLN.L.
Loading charts...
Drawdown Indicators
| GLT5.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.98% | -53.23% | +42.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.20% | -22.87% | +20.67% |
Max Drawdown (3Y)Largest decline over 3 years | -2.20% | -22.87% | +20.67% |
Max Drawdown (5Y)Largest decline over 5 years | -10.32% | -22.87% | +12.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.87% | — |
Current DrawdownCurrent decline from peak | -0.62% | -20.64% | +20.02% |
Average DrawdownAverage peak-to-trough decline | -2.48% | -24.70% | +22.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 7.37% | -6.67% |
Volatility
GLT5.L vs. SGLN.L - Volatility Comparison
The current volatility for Invesco UK Gilt 1-5 Year UCITS ETF Dist (GLT5.L) is 1.82%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 6.68%. This indicates that GLT5.L experiences smaller price fluctuations and is considered to be less risky than SGLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GLT5.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 6.68% | -4.86% |
Volatility (6M)Calculated over the trailing 6-month period | 2.64% | 20.78% | -18.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.99% | 23.82% | -20.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.24% | 21.84% | -18.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.81% | 18.84% | -16.03% |
GLT5.L vs. SGLN.L - Expense Ratio Comparison
GLT5.L has a 0.06% expense ratio, which is lower than SGLN.L's 0.12% 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. SGLN.L - Dividend Comparison
GLT5.L's dividend yield for the trailing twelve months is around 4.13%, while SGLN.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% |
SGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLT5.L and SGLN.L have a correlation of 0.19, 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 0.12% for SGLN.L.
GLT5.L is categorized as European Government Bonds, while SGLN.L is Gold. GLT5.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while SGLN.L tracks LBMA Gold Price. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.06% for GLT5.L and 0.12% for SGLN.L.
Find the right allocation for GLT5.L and SGLN.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