GLTL.L vs. IGL5.L
GLTL.L (SPDR Bloomberg 15+ Year Gilt UCITS ETF) and IGL5.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Acc)) are both European Government Bonds funds - GLTL.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP while IGL5.L tracks the FTSE Actuaries UK Conventional Gilts up to 5 Years Index (GBP). Both are passively managed. Over the past 3 years, GLTL.L returned -0.97%/yr vs 4.23%/yr for IGL5.L. A 0.74 correlation means they provide meaningful diversification when combined. GLTL.L charges 0.15%/yr vs 0.07%/yr for IGL5.L.
Performance
GLTL.L vs. IGL5.L - Performance Comparison
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Returns By Period
In the year-to-date period, GLTL.L achieves a -3.57% return, which is significantly lower than IGL5.L's 0.92% return.
GLTL.L
- 1D
- 0.41%
- 1M
- 2.69%
- YTD
- -3.57%
- 6M
- -4.08%
- 1Y
- 0.19%
- 3Y*
- -0.97%
- 5Y*
- -10.85%
- 10Y*
- -3.59%
IGL5.L
- 1D
- 0.09%
- 1M
- 0.61%
- YTD
- 0.92%
- 6M
- 0.63%
- 1Y
- 3.10%
- 3Y*
- 4.23%
- 5Y*
- —
- 10Y*
- —
GLTL.L vs. IGL5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GLTL.L SPDR Bloomberg 15+ Year Gilt UCITS ETF | -3.57% | 3.16% | -10.46% | 9.86% |
IGL5.L iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) | 0.92% | 4.56% | 2.68% | 4.14% |
Correlation
The correlation between GLTL.L and IGL5.L is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 24, 2023 | 0.74 |
The correlation between GLTL.L and IGL5.L has been stable across timeframes, ranging from 0.74 to 0.75 - a consistent structural relationship.
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Return for Risk
GLTL.L vs. IGL5.L — Risk / Return Rank
GLTL.L
IGL5.L
GLTL.L vs. IGL5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 15+ Year Gilt UCITS ETF (GLTL.L) and iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.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.
| GLTL.L | IGL5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.30 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | 1.63 | -1.61 |
| Martin ratioReturn relative to average drawdown | 0.04 | 5.55 | -5.51 |
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
| GLTL.L | IGL5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.02 | 1.48 | -1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.55 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 1.88 | -1.91 |
Drawdowns
GLTL.L vs. IGL5.L - Drawdown Comparison
The maximum GLTL.L drawdown since its inception was -55.18%, which is greater than IGL5.L's maximum drawdown of -1.89%. Use the drawdown chart below to compare losses from any high point for GLTL.L and IGL5.L.
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Drawdown Indicators
| GLTL.L | IGL5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.18% | -1.89% | -53.29% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -1.89% | -8.97% |
Max Drawdown (3Y)Largest decline over 3 years | -16.53% | -1.89% | -14.64% |
Max Drawdown (5Y)Largest decline over 5 years | -52.99% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -55.18% | — | — |
Current DrawdownCurrent decline from peak | -52.05% | -0.64% | -51.41% |
Average DrawdownAverage peak-to-trough decline | -19.76% | -0.31% | -19.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 0.56% | +3.71% |
Volatility
GLTL.L vs. IGL5.L - Volatility Comparison
SPDR Bloomberg 15+ Year Gilt UCITS ETF (GLTL.L) has a higher volatility of 5.33% compared to iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.L) at 0.70%. This indicates that GLTL.L's price experiences larger fluctuations and is considered to be riskier than IGL5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLTL.L | IGL5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 0.70% | +4.63% |
Volatility (6M)Calculated over the trailing 6-month period | 9.67% | 1.89% | +7.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.50% | 2.09% | +10.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.75% | 2.16% | +17.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.01% | 2.16% | +14.85% |
GLTL.L vs. IGL5.L - Expense Ratio Comparison
GLTL.L has a 0.15% expense ratio, which is higher than IGL5.L's 0.07% 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%.
Dividends
GLTL.L vs. IGL5.L - Dividend Comparison
GLTL.L's dividend yield for the trailing twelve months is around 5.12%, while IGL5.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLTL.L SPDR Bloomberg 15+ Year Gilt UCITS ETF | 5.12% | 4.77% | 4.39% | 2.97% | 1.63% | 0.87% | 1.01% | 1.43% | 1.55% | 1.86% | 1.99% | 2.51% |
IGL5.L iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLTL.L and IGL5.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGL5.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGL5.L is cheaper with a 0.07% expense ratio, compared with 0.15% for GLTL.L.
GLTL.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while IGL5.L tracks FTSE Actuaries UK Conventional Gilts up to 5 Years Index (GBP). They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for GLTL.L and 0.07% for IGL5.L.
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