GLTL.L vs. QQQ
GLTL.L (SPDR Bloomberg 15+ Year Gilt UCITS ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - GLTL.L is a European Government Bonds fund tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, GLTL.L returned -3.59%/yr vs 22.74%/yr for QQQ. At a 0.00 correlation, their price movements are largely independent. GLTL.L charges 0.15%/yr vs 0.18%/yr for QQQ.
Performance
GLTL.L vs. QQQ - Performance Comparison
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Different Trading Currencies
GLTL.L is traded in GBP, while QQQ is traded in USD. To make them comparable, the QQQ 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 lower than QQQ's 21.20% return. Over the past 10 years, GLTL.L has underperformed QQQ with an annualized return of -3.59%, while QQQ has yielded a comparatively higher 22.74% 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%
QQQ
- 1D
- -0.48%
- 1M
- 9.65%
- YTD
- 21.20%
- 6M
- 18.37%
- 1Y
- 42.10%
- 3Y*
- 25.31%
- 5Y*
- 19.13%
- 10Y*
- 22.74%
GLTL.L vs. QQQ - 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% |
QQQ Invesco QQQ ETF | 21.20% | 12.17% | 27.77% | 47.12% | -24.56% | 28.63% | 44.26% | 33.67% | 5.80% | 21.19% |
Correlation
The correlation between GLTL.L and QQQ is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since May 29, 2012 | 0.00 |
The correlation between GLTL.L and QQQ shifts across timeframes, from 0.00 (all time) to 0.11 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GLTL.L vs. QQQ — Risk / Return Rank
GLTL.L
QQQ
GLTL.L vs. QQQ - 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 Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.75 | ||
| Sortino ratioReturn per unit of downside risk | -3.42 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.49 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | 3.56 | -3.54 |
| Martin ratioReturn relative to average drawdown | 0.04 | 10.77 | -10.72 |
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 | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.02 | 2.77 | -2.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.55 | 0.91 | -1.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.21 | 1.03 | -1.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.87 | -0.90 |
Drawdowns
GLTL.L vs. QQQ - Drawdown Comparison
The maximum GLTL.L drawdown since its inception was -55.18%, which is greater than QQQ's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for GLTL.L and QQQ.
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Drawdown Indicators
| GLTL.L | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.18% | -34.25% | -20.93% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -11.89% | +1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -16.53% | -24.87% | +8.34% |
Max Drawdown (5Y)Largest decline over 5 years | -52.99% | -27.87% | -25.12% |
Max Drawdown (10Y)Largest decline over 10 years | -55.18% | -27.87% | -27.31% |
Current DrawdownCurrent decline from peak | -52.05% | -0.48% | -51.57% |
Average DrawdownAverage peak-to-trough decline | -19.76% | -5.47% | -14.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 3.92% | +0.35% |
Volatility
GLTL.L vs. QQQ - Volatility Comparison
SPDR Bloomberg 15+ Year Gilt UCITS ETF (GLTL.L) has a higher volatility of 5.33% compared to Invesco QQQ ETF (QQQ) at 3.94%. This indicates that GLTL.L's price experiences larger fluctuations and is considered to be riskier than QQQ 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 | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 3.94% | +1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 9.67% | 10.94% | -1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.50% | 15.28% | -2.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.75% | 21.10% | -1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.01% | 22.22% | -5.21% |
GLTL.L vs. QQQ - Expense Ratio Comparison
GLTL.L has a 0.15% expense ratio, which is lower than QQQ's 0.18% expense ratio. Despite the difference, 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. QQQ - Dividend Comparison
GLTL.L's dividend yield for the trailing twelve months is around 5.12%, more than QQQ's 0.38% 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% |
QQQ Invesco QQQ ETF | 0.38% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
GLTL.L and QQQ have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLTL.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLTL.L is cheaper with a 0.15% expense ratio, compared with 0.18% for QQQ.
GLTL.L is categorized as European Government Bonds, while QQQ is Nasdaq-100. GLTL.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.15% for GLTL.L and 0.18% for QQQ.
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