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GLTA.L vs. GILS.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

GLTA.L vs. GILS.L

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco UK Gilts UCITS ETF Acc (GLTA.L) and Lyxor Core UK Government Bond (DR) UCITS ETF - Dist (GILS.L).

GLTA.L and GILS.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. GILS.L is a passively managed fund by Lyxor that tracks the performance of the FTSE Actuaries UK Conventional Gilts All Stocks. It was launched on Nov 10, 2010. Both GLTA.L and GILS.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.

Performance

GLTA.L vs. GILS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco UK Gilts UCITS ETF Acc (GLTA.L) and Lyxor Core UK Government Bond (DR) UCITS ETF - Dist (GILS.L). The values are adjusted to include any dividend payments, if applicable.

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GLTA.L vs. GILS.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
GLTA.L
Invesco UK Gilts UCITS ETF Acc		-1.21%4.99%-4.18%3.52%-25.15%-5.17%8.71%1.44%
GILS.L
Lyxor Core UK Government Bond (DR) UCITS ETF - Dist		-1.19%1.70%-5.79%1.51%-25.53%-6.84%5.96%-1.08%

Returns By Period

The year-to-date returns for both investments are quite close, with GLTA.L having a -1.21% return and GILS.L slightly higher at -1.19%.

GLTA.L

1D
0.65%
1M
-3.10%
YTD
-1.21%
6M
1.80%
1Y
2.77%
3Y*
0.21%
5Y*
-4.73%
10Y*
—

GILS.L

1D
0.66%
1M
-2.86%
YTD
-1.19%
6M
-1.38%
1Y
-0.45%
3Y*
-2.01%
5Y*
-6.49%
10Y*
-3.11%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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Invesco UK Gilts UCITS ETF Acc

Lyxor Core UK Government Bond (DR) UCITS ETF - Dist

Often compared with GLTA.L:
GLTA.L vs. GLT5.LGLTA.L vs. GBPG.LGLTA.L vs. PPAGLTA.L vs. XLUGLTA.L vs. VGOV.LGLTA.L vs. VETY.LGLTA.L vs. GLTY.L
Often compared with GILS.L:
GILS.L vs. GLT5.LGILS.L vs. JGRE.LGILS.L vs. EWUGILS.L vs. GIL5.LGILS.L vs. EU13.LGILS.L vs. JG15.LGILS.L vs. IGL5.L

GLTA.L vs. GILS.L - Expense Ratio Comparison

GLTA.L has a 0.06% expense ratio, which is higher than GILS.L's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

GLTA.L
Invesco UK Gilts UCITS ETF Acc
GILS.L
Lyxor Core UK Government Bond (DR) UCITS ETF - Dist

Return for Risk

GLTA.L vs. GILS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GLTA.L
GLTA.L Risk / Return Rank: 2222
Overall Rank
GLTA.L Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
GLTA.L Sortino Ratio Rank: 2020
Sortino Ratio Rank
GLTA.L Omega Ratio Rank: 2020
Omega Ratio Rank
GLTA.L Calmar Ratio Rank: 2424
Calmar Ratio Rank
GLTA.L Martin Ratio Rank: 2424
Martin Ratio Rank
GILS.L
GILS.L Risk / Return Rank: 1010
Overall Rank
GILS.L Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
GILS.L Sortino Ratio Rank: 99
Sortino Ratio Rank
GILS.L Omega Ratio Rank: 99
Omega Ratio Rank
GILS.L Calmar Ratio Rank: 1111
Calmar Ratio Rank
GILS.L Martin Ratio Rank: 1111
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLTA.L vs. GILS.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 Core UK Government Bond (DR) UCITS ETF - Dist (GILS.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.LGILS.LDifference

Sharpe ratio

Return per unit of total volatility

0.42

-0.07

+0.49

Sortino ratio

Return per unit of downside risk

0.61

-0.04

+0.65

Omega ratio

Gain probability vs. loss probability

1.08

0.99

+0.08

Calmar ratio

Return relative to maximum drawdown

0.59

-0.05

+0.64

Martin ratio

Return relative to average drawdown

1.90

-0.13

+2.03

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLTA.L vs. GILS.L - Sharpe Ratio Comparison

The current GLTA.L Sharpe Ratio is 0.42, which is higher than the GILS.L Sharpe Ratio of -0.07. The chart below compares the historical Sharpe Ratios of GLTA.L and GILS.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

GLTA.LGILS.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.42

-0.07

+0.49

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.45

-0.65

+0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

-0.34

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.30

0.01

-0.31

Correlation

The correlation between GLTA.L and GILS.L is 0.98, 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.

Dividends

GLTA.L vs. GILS.L - Dividend Comparison

Neither GLTA.L nor GILS.L has paid dividends to shareholders.

TTM2025202420232022202120202019201820172016
GLTA.L
Invesco UK Gilts UCITS ETF Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
GILS.L
Lyxor Core UK Government Bond (DR) UCITS ETF - Dist		0.00%0.00%0.00%0.00%0.02%0.02%0.02%0.03%0.03%0.03%0.03%

Drawdowns

GLTA.L vs. GILS.L - Drawdown Comparison

The maximum GLTA.L drawdown since its inception was -36.99%, roughly equal to the maximum GILS.L drawdown of -38.75%. Use the drawdown chart below to compare losses from any high point for GLTA.L and GILS.L.

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Drawdown Indicators

GLTA.LGILS.LDifference

Max Drawdown

Largest peak-to-trough decline

-36.99%

-38.75%

+1.76%

Max Drawdown (1Y)

Largest decline over 1 year

-4.85%

-5.53%

+0.68%

Max Drawdown (5Y)

Largest decline over 5 years

-34.87%

-34.64%

-0.23%

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.75%

—

Current Drawdown

Current decline from peak

-28.37%

-35.89%

+7.52%

Average Drawdown

Average peak-to-trough decline

-18.85%

-11.75%

-7.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.50%

2.04%

-0.54%

Volatility

GLTA.L vs. GILS.L - Volatility Comparison

Invesco UK Gilts UCITS ETF Acc (GLTA.L) and Lyxor Core UK Government Bond (DR) UCITS ETF - Dist (GILS.L) have volatilities of 2.89% and 2.81%, 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

GLTA.LGILS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.89%

2.81%

+0.08%

Volatility (6M)

Calculated over the trailing 6-month period

4.31%

5.10%

-0.79%

Volatility (1Y)

Calculated over the trailing 1-year period

6.51%

6.69%

-0.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.49%

10.05%

+0.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.34%

9.03%

+1.31%