GLTA.L vs. WLDS.L
GLTA.L (Invesco UK Gilts UCITS ETF Acc) and WLDS.L (iShares MSCI World Small Cap UCITS ETF) are both exchange-traded funds - GLTA.L is a European Government Bonds fund tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP, while WLDS.L is a Small Cap Blend Equities fund tracking the MSCI World Small Cap Inde. Both are passively managed. Over the past 5 years, GLTA.L returned -4.53%/yr vs 8.21%/yr for WLDS.L. At a 0.01 correlation, their price movements are largely independent. GLTA.L charges 0.06%/yr vs 0.35%/yr for WLDS.L.
Performance
GLTA.L vs. WLDS.L - Performance Comparison
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Different Trading Currencies
GLTA.L is traded in GBp, while WLDS.L is traded in GBP. To make them comparable, the WLDS.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 0.54% return, which is significantly lower than WLDS.L's 17.33% return.
GLTA.L
- 1D
- -0.13%
- 1M
- 1.69%
- YTD
- 0.54%
- 6M
- 0.65%
- 1Y
- 2.66%
- 3Y*
- 2.73%
- 5Y*
- -4.53%
- 10Y*
- —
WLDS.L
- 1D
- 0.38%
- 1M
- 3.26%
- YTD
- 17.33%
- 6M
- 16.81%
- 1Y
- 35.85%
- 3Y*
- 16.73%
- 5Y*
- 8.21%
- 10Y*
- —
GLTA.L vs. WLDS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GLTA.L Invesco UK Gilts UCITS ETF Acc | 0.54% | 4.99% | -4.18% | 3.52% | -25.15% | -5.17% | 8.71% | 1.44% |
WLDS.L iShares MSCI World Small Cap UCITS ETF | 17.33% | 11.75% | 8.63% | 11.26% | -8.89% | 16.71% | 12.54% | 7.32% |
Correlation
The correlation between GLTA.L and WLDS.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2019 | 0.01 |
Over the past year, GLTA.L and WLDS.L have become more correlated (0.34) than their long-term average of 0.01, meaning their price movements have been converging.
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Return for Risk
GLTA.L vs. WLDS.L — Risk / Return Rank
GLTA.L
WLDS.L
GLTA.L vs. WLDS.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 iShares MSCI World Small Cap UCITS ETF (WLDS.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.
| GLTA.L | WLDS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -3.32 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.50 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 4.54 | -4.08 |
| Martin ratioReturn relative to average drawdown | 1.16 | 17.14 | -15.97 |
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Drawdowns
GLTA.L vs. WLDS.L - Drawdown Comparison
The maximum GLTA.L drawdown since its inception was -36.99%, smaller than the maximum WLDS.L drawdown of -43.18%. Use the drawdown chart below to compare losses from any high point for GLTA.L and WLDS.L.
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Drawdown Indicators
| GLTA.L | WLDS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.99% | -43.18% | +6.19% |
Max Drawdown (1Y)Largest decline over 1 year | -5.70% | -7.86% | +2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -7.70% | -21.53% | +13.83% |
Max Drawdown (5Y)Largest decline over 5 years | -34.87% | -21.53% | -13.34% |
Current DrawdownCurrent decline from peak | -27.10% | 0.00% | -27.10% |
Average DrawdownAverage peak-to-trough decline | -19.14% | -12.23% | -6.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 2.09% | +0.19% |
Volatility
GLTA.L vs. WLDS.L - Volatility Comparison
The current volatility for Invesco UK Gilts UCITS ETF Acc (GLTA.L) is 1.65%, while iShares MSCI World Small Cap UCITS ETF (WLDS.L) has a volatility of 3.49%. This indicates that GLTA.L experiences smaller price fluctuations and is considered to be less risky than WLDS.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 | WLDS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 3.49% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 5.19% | 9.75% | -4.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.46% | 12.82% | -6.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.56% | 20.30% | -9.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.27% | 22.41% | -12.14% |
GLTA.L vs. WLDS.L - Expense Ratio Comparison
GLTA.L has a 0.06% expense ratio, which is lower than WLDS.L's 0.35% expense ratio.
Dividends
GLTA.L vs. WLDS.L - Dividend Comparison
Neither GLTA.L nor WLDS.L has paid dividends to shareholders.
Frequently Asked Questions
GLTA.L and WLDS.L have a correlation of 0.34, 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 0.35% for WLDS.L.
GLTA.L is categorized as European Government Bonds, while WLDS.L is Small Cap Blend Equities. GLTA.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while WLDS.L tracks MSCI World Small Cap Inde. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.06% for GLTA.L and 0.35% for WLDS.L.
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