GLTL.L vs. USDV.L
GLTL.L (SPDR Bloomberg 15+ Year Gilt UCITS ETF) and USDV.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) 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 USDV.L is a Large Cap Blend Equities fund tracking the S&P High Yield Dividend Aristocrats Index. Both are passively managed. Over the past 10 years, GLTL.L returned -3.59%/yr vs 9.84%/yr for USDV.L. At a correlation of -0.06, they often move in opposite directions. GLTL.L charges 0.15%/yr vs 0.35%/yr for USDV.L.
Performance
GLTL.L vs. USDV.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GLTL.L achieves a -3.57% return, which is significantly lower than USDV.L's 7.22% return. Over the past 10 years, GLTL.L has underperformed USDV.L with an annualized return of -3.59%, while USDV.L has yielded a comparatively higher 9.84% 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%
USDV.L
- 1D
- 0.13%
- 1M
- 1.76%
- YTD
- 7.22%
- 6M
- 7.16%
- 1Y
- 14.02%
- 3Y*
- 6.93%
- 5Y*
- 6.79%
- 10Y*
- 9.84%
GLTL.L vs. USDV.L - 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% |
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 7.22% | 1.15% | 9.34% | -3.52% | 11.58% | 26.74% | -2.72% | 19.69% | 1.49% | 6.73% |
Correlation
The correlation between GLTL.L and USDV.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since May 28, 2012 | -0.06 |
The correlation between GLTL.L and USDV.L shifts across timeframes, from -0.06 (all time) to 0.19 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GLTL.L vs. USDV.L — Risk / Return Rank
GLTL.L
USDV.L
GLTL.L vs. USDV.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 SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.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 | USDV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.25 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | 2.12 | -2.10 |
| Martin ratioReturn relative to average drawdown | 0.04 | 5.42 | -5.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GLTL.L | USDV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.02 | 1.44 | -1.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.55 | 0.53 | -1.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.21 | 0.64 | -0.85 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.84 | -0.87 |
Drawdowns
GLTL.L vs. USDV.L - Drawdown Comparison
The maximum GLTL.L drawdown since its inception was -55.18%, which is greater than USDV.L's maximum drawdown of -27.80%. Use the drawdown chart below to compare losses from any high point for GLTL.L and USDV.L.
Loading charts...
Drawdown Indicators
| GLTL.L | USDV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.18% | -27.80% | -27.38% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -6.60% | -4.26% |
Max Drawdown (3Y)Largest decline over 3 years | -16.53% | -16.30% | -0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -52.99% | -16.30% | -36.69% |
Max Drawdown (10Y)Largest decline over 10 years | -55.18% | -27.80% | -27.38% |
Current DrawdownCurrent decline from peak | -52.05% | -3.68% | -48.37% |
Average DrawdownAverage peak-to-trough decline | -19.76% | -4.14% | -15.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 2.58% | +1.69% |
Volatility
GLTL.L vs. USDV.L - Volatility Comparison
SPDR Bloomberg 15+ Year Gilt UCITS ETF (GLTL.L) has a higher volatility of 5.33% compared to SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.L) at 2.53%. This indicates that GLTL.L's price experiences larger fluctuations and is considered to be riskier than USDV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GLTL.L | USDV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 2.53% | +2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 9.67% | 7.19% | +2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.50% | 9.69% | +2.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.75% | 12.78% | +6.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.01% | 15.33% | +1.68% |
GLTL.L vs. USDV.L - Expense Ratio Comparison
GLTL.L has a 0.15% expense ratio, which is lower than USDV.L's 0.35% expense ratio.
Dividends
GLTL.L vs. USDV.L - Dividend Comparison
GLTL.L's dividend yield for the trailing twelve months is around 5.12%, more than USDV.L's 2.04% 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% |
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 2.04% | 2.20% | 1.99% | 2.29% | 2.11% | 2.12% | 2.57% | 2.65% | 2.19% | 3.07% | 1.65% | 2.00% |
Frequently Asked Questions
GLTL.L and USDV.L have a correlation of 0.14, 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 0.35% for USDV.L.
GLTL.L is categorized as European Government Bonds, while USDV.L is Large Cap Blend Equities. GLTL.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while USDV.L tracks S&P High Yield Dividend Aristocrats Index. Their fees differ too: 0.15% for GLTL.L and 0.35% for USDV.L.
Find the right allocation for GLTL.L and USDV.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer