GLTL.L vs. HYHG
Compare and contrast key facts about SPDR Bloomberg 15+ Year Gilt UCITS ETF (GLTL.L) and ProShares High Yield-Interest Rate Hedged (HYHG).
GLTL.L and HYHG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLTL.L is a passively managed fund by State Street that tracks the performance of the FTSE Act UK Cnvt Gilts All Stocks TR GBP. It was launched on May 17, 2012. HYHG is a passively managed fund by ProShares that tracks the performance of the Citi High Yield (Treasury Rate-Hedged) Index. It was launched on May 21, 2013. Both GLTL.L and HYHG 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: GLTL.L or HYHG.
Key characteristics
| GLTL.L | HYHG | |
|---|---|---|
| YTD Return | -11.79% | 10.58% |
| 1Y Return | -1.93% | 14.22% |
| 3Y Return (Ann) | -0.52% | 7.84% |
| 5Y Return (Ann) | 66.94% | 6.30% |
| 10Y Return (Ann) | 33.19% | 4.40% |
| Sharpe Ratio | -0.34 | 2.53 |
| Sortino Ratio | -0.39 | 3.85 |
| Omega Ratio | 0.96 | 1.57 |
| Calmar Ratio | -0.10 | 4.42 |
| Martin Ratio | -0.53 | 22.73 |
| Ulcer Index | 8.94% | 0.62% |
| Daily Std Dev | 14.38% | 5.56% |
| Max Drawdown | -48.31% | -25.72% |
| Current Drawdown | -46.14% | -0.15% |
Correlation
The correlation between GLTL.L and HYHG is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
GLTL.L vs. HYHG - Performance Comparison
In the year-to-date period, GLTL.L achieves a -11.79% return, which is significantly lower than HYHG's 10.58% return. Over the past 10 years, GLTL.L has outperformed HYHG with an annualized return of 33.19%, while HYHG has yielded a comparatively lower 4.40% annualized 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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GLTL.L vs. HYHG - Expense Ratio Comparison
GLTL.L has a 0.15% expense ratio, which is lower than HYHG's 0.50% expense ratio.
Risk-Adjusted Performance
GLTL.L vs. HYHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 15+ Year Gilt UCITS ETF (GLTL.L) and ProShares High Yield-Interest Rate Hedged (HYHG). 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
GLTL.L vs. HYHG - Dividend Comparison
GLTL.L's dividend yield for the trailing twelve months is around 4.28%, less than HYHG's 6.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLTL.L SPDR Bloomberg 15+ Year Gilt UCITS ETF | 4.28% | 2.97% | 162.91% | 44.24% | 1.01% | 1.43% | 1.55% | 1.86% | 1.99% | 2.51% | 2.63% | 3.67% |
HYHG ProShares High Yield-Interest Rate Hedged | 6.54% | 6.06% | 5.58% | 4.54% | 5.20% | 6.07% | 6.45% | 5.57% | 5.37% | 6.37% | 5.51% | 3.02% |
Drawdowns
GLTL.L vs. HYHG - Drawdown Comparison
The maximum GLTL.L drawdown since its inception was -48.31%, which is greater than HYHG's maximum drawdown of -25.72%. Use the drawdown chart below to compare losses from any high point for GLTL.L and HYHG. For additional features, visit the drawdowns tool.
Volatility
GLTL.L vs. HYHG - Volatility Comparison
SPDR Bloomberg 15+ Year Gilt UCITS ETF (GLTL.L) has a higher volatility of 5.71% compared to ProShares High Yield-Interest Rate Hedged (HYHG) at 1.03%. This indicates that GLTL.L's price experiences larger fluctuations and is considered to be riskier than HYHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.