GLT5.L vs. VETY.L
GLT5.L (Invesco UK Gilt 1-5 Year UCITS ETF Dist) and VETY.L (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) are both European Government Bonds funds - GLT5.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP while VETY.L tracks the Bloomberg Euro Agg Govt TR EUR. Both are passively managed. Over the past 5 years, GLT5.L returned 0.90%/yr vs -3.27%/yr for VETY.L. At a 0.48 correlation, their price movements are largely independent. GLT5.L charges 0.06%/yr vs 0.07%/yr for VETY.L.
Performance
GLT5.L vs. VETY.L - Performance Comparison
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Different Trading Currencies
GLT5.L is traded in GBp, while VETY.L is traded in GBP. To make them comparable, the VETY.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 VETY.L's -2.03% 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*
- —
VETY.L
- 1D
- 0.19%
- 1M
- 0.54%
- YTD
- -2.03%
- 6M
- -2.33%
- 1Y
- -0.25%
- 3Y*
- 0.38%
- 5Y*
- -3.27%
- 10Y*
- 0.12%
GLT5.L vs. VETY.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% |
VETY.L Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | -2.03% | 2.82% | -5.14% | 5.08% | -13.54% | -9.76% | 10.66% | 3.65% |
Correlation
The correlation between GLT5.L and VETY.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2019 | 0.48 |
The correlation between GLT5.L and VETY.L shifts across timeframes, from 0.31 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GLT5.L vs. VETY.L — Risk / Return Rank
GLT5.L
VETY.L
GLT5.L vs. VETY.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 Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VETY.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 | VETY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.00 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | -0.05 | +1.43 |
| Martin ratioReturn relative to average drawdown | 4.42 | -0.10 | +4.52 |
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 | VETY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | -0.04 | +1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | -0.43 | +0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.04 | +0.28 |
Drawdowns
GLT5.L vs. VETY.L - Drawdown Comparison
The maximum GLT5.L drawdown since its inception was -10.98%, smaller than the maximum VETY.L drawdown of -26.39%. Use the drawdown chart below to compare losses from any high point for GLT5.L and VETY.L.
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Drawdown Indicators
| GLT5.L | VETY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.98% | -26.39% | +15.41% |
Max Drawdown (1Y)Largest decline over 1 year | -2.20% | -5.11% | +2.91% |
Max Drawdown (3Y)Largest decline over 3 years | -2.20% | -7.67% | +5.47% |
Max Drawdown (5Y)Largest decline over 5 years | -10.32% | -20.49% | +10.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.39% | — |
Current DrawdownCurrent decline from peak | -0.92% | -23.46% | +22.54% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -12.50% | +9.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 2.44% | -1.75% |
Volatility
GLT5.L vs. VETY.L - Volatility Comparison
Invesco UK Gilt 1-5 Year UCITS ETF Dist (GLT5.L) and Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VETY.L) have volatilities of 1.88% and 1.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLT5.L | VETY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 1.84% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.63% | 4.28% | -1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.00% | 5.64% | -2.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.25% | 7.56% | -4.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.92% | 8.54% | -5.62% |
GLT5.L vs. VETY.L - Expense Ratio Comparison
GLT5.L has a 0.06% expense ratio, which is lower than VETY.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%.
Dividends
GLT5.L vs. VETY.L - Dividend Comparison
GLT5.L's dividend yield for the trailing twelve months is around 4.13%, while VETY.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
VETY.L Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 0.00% | 0.00% | 0.28% | 2.11% | 0.54% | 0.09% | 0.17% | 0.60% | 0.63% | 0.54% | 0.37% |
Frequently Asked Questions
GLT5.L and VETY.L have a correlation of 0.31, 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 0.07% for VETY.L.
GLT5.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while VETY.L tracks Bloomberg Euro Agg Govt TR EUR. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.06% for GLT5.L and 0.07% for VETY.L.
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