GLTA.L vs. EART.L
GLTA.L (Invesco UK Gilts UCITS ETF Acc) and EART.L (Lyxor Euro Government Green Bond (DR) UCITS ETF - Acc) are both European Government Bonds funds - GLTA.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP while EART.L tracks the Bloomberg Euro Agg Govt TR EUR. Both are passively managed. Over the past 3 years, GLTA.L returned 2.19%/yr vs 1.07%/yr for EART.L. A 0.72 correlation means they provide meaningful diversification when combined. GLTA.L charges 0.06%/yr vs 0.20%/yr for EART.L.
Performance
GLTA.L vs. EART.L - Performance Comparison
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Different Trading Currencies
GLTA.L is traded in GBp, while EART.L is traded in GBP. To make them comparable, the EART.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLTA.L achieves a -1.16% return, which is significantly higher than EART.L's -1.29% return.
GLTA.L
- 1D
- 0.22%
- 1M
- 1.66%
- YTD
- -1.16%
- 6M
- -1.33%
- 1Y
- 1.96%
- 3Y*
- 2.19%
- 5Y*
- -4.77%
- 10Y*
- —
EART.L
- 1D
- -0.64%
- 1M
- 0.82%
- YTD
- -1.29%
- 6M
- -1.46%
- 1Y
- 0.87%
- 3Y*
- 1.07%
- 5Y*
- —
- 10Y*
- —
GLTA.L vs. EART.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GLTA.L Invesco UK Gilts UCITS ETF Acc | -1.16% | 4.99% | -4.18% | 3.52% | -25.15% | -0.36% |
EART.L Lyxor Euro Government Green Bond (DR) UCITS ETF - Acc | -1.29% | 2.88% | -4.87% | 6.69% | -26.52% | -3.52% |
Correlation
The correlation between GLTA.L and EART.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.72 |
The correlation between GLTA.L and EART.L has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.
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Return for Risk
GLTA.L vs. EART.L — Risk / Return Rank
GLTA.L
EART.L
GLTA.L vs. EART.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco UK Gilts UCITS ETF Acc (GLTA.L) and Lyxor Euro Government Green Bond (DR) UCITS ETF - Acc (EART.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.
| GLTA.L | EART.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.02 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 0.14 | +0.21 |
| Martin ratioReturn relative to average drawdown | 0.90 | 0.30 | +0.61 |
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
| GLTA.L | EART.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 0.11 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.29 | -0.56 | +0.26 |
Drawdowns
GLTA.L vs. EART.L - Drawdown Comparison
The maximum GLTA.L drawdown since its inception was -36.99%, roughly equal to the maximum EART.L drawdown of -35.57%. Use the drawdown chart below to compare losses from any high point for GLTA.L and EART.L.
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Drawdown Indicators
| GLTA.L | EART.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.99% | -35.57% | -1.42% |
Max Drawdown (1Y)Largest decline over 1 year | -5.70% | -5.90% | +0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -7.70% | -9.43% | +1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -34.87% | — | — |
Current DrawdownCurrent decline from peak | -28.33% | -29.22% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -19.08% | -25.75% | +6.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 2.70% | -0.53% |
Volatility
GLTA.L vs. EART.L - Volatility Comparison
Invesco UK Gilts UCITS ETF Acc (GLTA.L) has a higher volatility of 2.77% compared to Lyxor Euro Government Green Bond (DR) UCITS ETF - Acc (EART.L) at 2.56%. This indicates that GLTA.L's price experiences larger fluctuations and is considered to be riskier than EART.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLTA.L | EART.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 2.56% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 5.12% | 5.57% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.47% | 7.06% | -0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.56% | 11.21% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.31% | 11.21% | -0.90% |
GLTA.L vs. EART.L - Expense Ratio Comparison
GLTA.L has a 0.06% expense ratio, which is lower than EART.L's 0.20% 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
GLTA.L vs. EART.L - Dividend Comparison
Neither GLTA.L nor EART.L has paid dividends to shareholders.
Frequently Asked Questions
GLTA.L and EART.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLTA.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLTA.L is cheaper with a 0.06% expense ratio, compared with 0.20% for EART.L.
GLTA.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while EART.L tracks Bloomberg Euro Agg Govt TR EUR. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.06% for GLTA.L and 0.20% for EART.L.
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