GLTA.L vs. GBPG.L
Compare and contrast key facts about Invesco UK Gilts UCITS ETF Acc (GLTA.L) and Goldman Sachs Access UK Gilts 1-10 Years UCITS ETF Class GBP (Dist) (GBPG.L).
GLTA.L and GBPG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLTA.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 Jun 10, 2019. GBPG.L is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Act UK Cnvt Gilts All Stocks TR GBP. It was launched on Sep 7, 2021. Both GLTA.L and GBPG.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: GLTA.L or GBPG.L.
Key characteristics
| GLTA.L | GBPG.L | |
|---|---|---|
| YTD Return | -3.42% | -0.20% |
| 1Y Return | 3.26% | 3.73% |
| 3Y Return (Ann) | -9.38% | 25.51% |
| Sharpe Ratio | 0.21 | 0.75 |
| Sortino Ratio | 0.36 | 1.09 |
| Omega Ratio | 1.04 | 1.13 |
| Calmar Ratio | 0.05 | 1.01 |
| Martin Ratio | 0.48 | 2.26 |
| Ulcer Index | 3.45% | 1.31% |
| Daily Std Dev | 7.87% | 4.03% |
| Max Drawdown | -36.99% | -7.18% |
| Current Drawdown | -30.39% | -2.57% |
Correlation
The correlation between GLTA.L and GBPG.L is 0.88, 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
GLTA.L vs. GBPG.L - Performance Comparison
In the year-to-date period, GLTA.L achieves a -3.42% return, which is significantly lower than GBPG.L's -0.20% 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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GLTA.L vs. GBPG.L - Expense Ratio Comparison
GLTA.L has a 0.06% expense ratio, which is lower than GBPG.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
GLTA.L vs. GBPG.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco UK Gilts UCITS ETF Acc (GLTA.L) and Goldman Sachs Access UK Gilts 1-10 Years UCITS ETF Class GBP (Dist) (GBPG.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
GLTA.L vs. GBPG.L - Dividend Comparison
GLTA.L has not paid dividends to shareholders, while GBPG.L's dividend yield for the trailing twelve months is around 4.12%.
| TTM | 2023 | 2022 | |
|---|---|---|---|
GLTA.L Invesco UK Gilts UCITS ETF Acc | 0.00% | 0.00% | 0.00% |
GBPG.L Goldman Sachs Access UK Gilts 1-10 Years UCITS ETF Class GBP (Dist) | 4.12% | 3.35% | 62.57% |
Drawdowns
GLTA.L vs. GBPG.L - Drawdown Comparison
The maximum GLTA.L drawdown since its inception was -36.99%, which is greater than GBPG.L's maximum drawdown of -7.18%. Use the drawdown chart below to compare losses from any high point for GLTA.L and GBPG.L. For additional features, visit the drawdowns tool.
Volatility
GLTA.L vs. GBPG.L - Volatility Comparison
Invesco UK Gilts UCITS ETF Acc (GLTA.L) has a higher volatility of 3.37% compared to Goldman Sachs Access UK Gilts 1-10 Years UCITS ETF Class GBP (Dist) (GBPG.L) at 2.71%. This indicates that GLTA.L's price experiences larger fluctuations and is considered to be riskier than GBPG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.