GLTL.L vs. VWRP.L
GLTL.L (SPDR Bloomberg 15+ Year Gilt UCITS ETF) and VWRP.L (Vanguard FTSE All-World UCITS ETF (USD) Accumulating) 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 VWRP.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, GLTL.L returned -11.18%/yr vs 12.03%/yr for VWRP.L. At a correlation of -0.03, they often move in opposite directions. GLTL.L charges 0.15%/yr vs 0.22%/yr for VWRP.L.
Performance
GLTL.L vs. VWRP.L - Performance Comparison
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Returns By Period
In the year-to-date period, GLTL.L achieves a -4.08% return, which is significantly lower than VWRP.L's 10.34% return.
GLTL.L
- 1D
- -0.47%
- 1M
- -0.24%
- YTD
- -4.08%
- 6M
- -3.52%
- 1Y
- -0.16%
- 3Y*
- -1.22%
- 5Y*
- -11.18%
- 10Y*
- -3.77%
VWRP.L
- 1D
- -0.27%
- 1M
- 2.31%
- YTD
- 10.34%
- 6M
- 10.53%
- 1Y
- 27.49%
- 3Y*
- 17.73%
- 5Y*
- 12.03%
- 10Y*
- —
GLTL.L vs. VWRP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GLTL.L SPDR Bloomberg 15+ Year Gilt UCITS ETF | -4.08% | 3.15% | -10.47% | 1.26% | -40.67% | -6.58% | 13.61% | 0.19% |
VWRP.L Vanguard FTSE All-World UCITS ETF (USD) Accumulating | 10.34% | 13.94% | 19.60% | 15.64% | -8.41% | 20.00% | 12.27% | 1.72% |
Correlation
The correlation between GLTL.L and VWRP.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019 | -0.03 |
The correlation between GLTL.L and VWRP.L shifts across timeframes, from -0.03 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GLTL.L vs. VWRP.L — Risk / Return Rank
GLTL.L
VWRP.L
GLTL.L vs. VWRP.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 Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.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 | VWRP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.63 | ||
| Sortino ratioReturn per unit of downside risk | -3.54 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.50 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 3.86 | -3.87 |
| Martin ratioReturn relative to average drawdown | -0.04 | 15.62 | -15.66 |
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 | VWRP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 2.62 | -2.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.57 | 0.93 | -1.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.80 | -0.83 |
Drawdowns
GLTL.L vs. VWRP.L - Drawdown Comparison
The maximum GLTL.L drawdown since its inception was -55.18%, which is greater than VWRP.L's maximum drawdown of -25.10%. Use the drawdown chart below to compare losses from any high point for GLTL.L and VWRP.L.
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Drawdown Indicators
| GLTL.L | VWRP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.18% | -25.10% | -30.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -7.10% | -3.76% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -17.64% | +1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -52.99% | -17.64% | -35.35% |
Max Drawdown (10Y)Largest decline over 10 years | -55.18% | — | — |
Current DrawdownCurrent decline from peak | -52.32% | -1.87% | -50.45% |
Average DrawdownAverage peak-to-trough decline | -19.02% | -3.38% | -15.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.33% | 1.76% | +2.57% |
Volatility
GLTL.L vs. VWRP.L - Volatility Comparison
SPDR Bloomberg 15+ Year Gilt UCITS ETF (GLTL.L) has a higher volatility of 5.00% compared to Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.L) at 3.00%. This indicates that GLTL.L's price experiences larger fluctuations and is considered to be riskier than VWRP.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 | VWRP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 3.00% | +2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.63% | 7.75% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.52% | 10.47% | +2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.66% | 12.88% | +6.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 14.95% | +2.01% |
GLTL.L vs. VWRP.L - Expense Ratio Comparison
GLTL.L has a 0.15% expense ratio, which is lower than VWRP.L's 0.22% 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. VWRP.L - Dividend Comparison
GLTL.L's dividend yield for the trailing twelve months is around 5.15%, while VWRP.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 | 5.15% | 4.77% | 4.39% | 2.97% | 1.63% | 0.87% | 1.01% | 1.43% | 1.55% | 1.86% | 1.99% | 2.51% |
VWRP.L Vanguard FTSE All-World UCITS ETF (USD) Accumulating | 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 VWRP.L have a correlation of 0.28, 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 0.22% for VWRP.L.
GLTL.L is categorized as European Government Bonds, while VWRP.L is Global Equities. GLTL.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while VWRP.L tracks FTSE All-World Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.15% for GLTL.L and 0.22% for VWRP.L.
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