GLTL.L vs. MSFT
GLTL.L (SPDR Bloomberg 15+ Year Gilt UCITS ETF) is European Government Bonds fund tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP, while MSFT (Microsoft Corporation) is a stock. Over the past 10 years, GLTL.L returned -3.59%/yr vs 25.90%/yr for MSFT. At a correlation of -0.00, they often move in opposite directions.
Performance
GLTL.L vs. MSFT - Performance Comparison
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Different Trading Currencies
GLTL.L is traded in GBP, while MSFT is traded in USD. To make them comparable, the MSFT values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLTL.L achieves a -3.57% return, which is significantly higher than MSFT's -10.74% return. Over the past 10 years, GLTL.L has underperformed MSFT with an annualized return of -3.59%, while MSFT has yielded a comparatively higher 25.90% annualized 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%
MSFT
- 1D
- 0.17%
- 1M
- 5.23%
- YTD
- -10.74%
- 6M
- -11.20%
- 1Y
- -6.08%
- 3Y*
- 6.52%
- 5Y*
- 13.42%
- 10Y*
- 25.90%
GLTL.L vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLTL.L SPDR Bloomberg 15+ Year Gilt UCITS ETF | -3.57% | 3.16% | -10.46% | 1.26% | -40.67% | -6.57% | 13.60% | 11.56% | 0.21% | 3.33% |
MSFT Microsoft Corporation | -10.74% | 7.35% | 14.90% | 50.28% | -19.47% | 53.92% | 38.35% | 51.56% | 27.96% | 28.56% |
Correlation
The correlation between GLTL.L and MSFT is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since May 29, 2012 | -0.00 |
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Return for Risk
GLTL.L vs. MSFT — Risk / Return Rank
GLTL.L
MSFT
GLTL.L vs. MSFT - 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 Microsoft Corporation (MSFT). 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 | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.98 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | -0.18 | +0.20 |
| Martin ratioReturn relative to average drawdown | 0.04 | -0.36 | +0.40 |
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 | MSFT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.02 | -0.24 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.55 | 0.52 | -1.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.21 | 0.95 | -1.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.71 | -0.74 |
Drawdowns
GLTL.L vs. MSFT - Drawdown Comparison
The maximum GLTL.L drawdown since its inception was -55.18%, which is greater than MSFT's maximum drawdown of -40.05%. Use the drawdown chart below to compare losses from any high point for GLTL.L and MSFT.
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Drawdown Indicators
| GLTL.L | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.18% | -40.05% | -15.13% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -34.18% | +23.32% |
Max Drawdown (3Y)Largest decline over 3 years | -16.53% | -34.18% | +17.65% |
Max Drawdown (5Y)Largest decline over 5 years | -52.99% | -34.18% | -18.81% |
Max Drawdown (10Y)Largest decline over 10 years | -55.18% | -34.18% | -21.00% |
Current DrawdownCurrent decline from peak | -52.05% | -21.78% | -30.27% |
Average DrawdownAverage peak-to-trough decline | -19.76% | -8.81% | -10.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 17.05% | -12.78% |
Volatility
GLTL.L vs. MSFT - Volatility Comparison
The current volatility for SPDR Bloomberg 15+ Year Gilt UCITS ETF (GLTL.L) is 5.33%, while Microsoft Corporation (MSFT) has a volatility of 10.10%. This indicates that GLTL.L experiences smaller price fluctuations and is considered to be less risky than MSFT 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 | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 10.10% | -4.77% |
Volatility (6M)Calculated over the trailing 6-month period | 9.67% | 22.19% | -12.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.50% | 25.34% | -12.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.75% | 25.87% | -6.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.01% | 27.28% | -10.27% |
Dividends
GLTL.L vs. MSFT - Dividend Comparison
GLTL.L's dividend yield for the trailing twelve months is around 5.12%, more than MSFT's 0.83% yield.
| 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% |
MSFT Microsoft Corporation | 0.83% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Frequently Asked Questions
GLTL.L and MSFT have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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