GLTP.L vs. GLT5.L
GLTP.L (Invesco UK Gilts UCITS ETF Dist) and GLT5.L (Invesco UK Gilt 1-5 Year UCITS ETF Dist) are both European Government Bonds funds from Invesco tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 5 years, GLTP.L returned -4.79%/yr vs 0.90%/yr for GLT5.L. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.06% expense ratio.
Performance
GLTP.L vs. GLT5.L - Performance Comparison
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Returns By Period
In the year-to-date period, GLTP.L achieves a -1.34% return, which is significantly lower than GLT5.L's 0.19% return.
GLTP.L
- 1D
- 0.25%
- 1M
- 1.64%
- YTD
- -1.34%
- 6M
- -1.41%
- 1Y
- 2.02%
- 3Y*
- 2.16%
- 5Y*
- -4.79%
- 10Y*
- —
GLT5.L
- 1D
- 0.06%
- 1M
- 0.73%
- YTD
- 0.19%
- 6M
- 0.42%
- 1Y
- 3.04%
- 3Y*
- 4.09%
- 5Y*
- 0.90%
- 10Y*
- —
GLTP.L vs. GLT5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GLTP.L Invesco UK Gilts UCITS ETF Dist | -1.34% | 5.35% | -4.39% | 3.50% | -24.95% | -5.40% | 8.70% | 4.44% |
GLT5.L Invesco UK Gilt 1-5 Year UCITS ETF Dist | 0.19% | 5.31% | 2.14% | 3.86% | -5.44% | -1.89% | 1.83% | 0.69% |
Correlation
The correlation between GLTP.L and GLT5.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2019 | 0.75 |
The correlation between GLTP.L and GLT5.L shifts across timeframes, from 0.66 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GLTP.L vs. GLT5.L — Risk / Return Rank
GLTP.L
GLT5.L
GLTP.L vs. GLT5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco UK Gilts UCITS ETF Dist (GLTP.L) and Invesco UK Gilt 1-5 Year UCITS ETF Dist (GLT5.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.
| GLTP.L | GLT5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.21 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 1.38 | -1.03 |
| Martin ratioReturn relative to average drawdown | 0.94 | 4.42 | -3.47 |
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
| GLTP.L | GLT5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 1.01 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | 0.28 | -0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.26 | 0.32 | -0.58 |
Drawdowns
GLTP.L vs. GLT5.L - Drawdown Comparison
The maximum GLTP.L drawdown since its inception was -37.02%, which is greater than GLT5.L's maximum drawdown of -10.98%. Use the drawdown chart below to compare losses from any high point for GLTP.L and GLT5.L.
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Drawdown Indicators
| GLTP.L | GLT5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.02% | -10.98% | -26.04% |
Max Drawdown (1Y)Largest decline over 1 year | -5.69% | -2.20% | -3.49% |
Max Drawdown (3Y)Largest decline over 3 years | -7.66% | -2.20% | -5.46% |
Max Drawdown (5Y)Largest decline over 5 years | -34.89% | -10.32% | -24.57% |
Current DrawdownCurrent decline from peak | -28.38% | -0.92% | -27.46% |
Average DrawdownAverage peak-to-trough decline | -18.68% | -2.63% | -16.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 0.69% | +1.46% |
Volatility
GLTP.L vs. GLT5.L - Volatility Comparison
Invesco UK Gilts UCITS ETF Dist (GLTP.L) has a higher volatility of 2.85% compared to Invesco UK Gilt 1-5 Year UCITS ETF Dist (GLT5.L) at 1.88%. This indicates that GLTP.L's price experiences larger fluctuations and is considered to be riskier than GLT5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLTP.L | GLT5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.85% | 1.88% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 5.22% | 2.63% | +2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.51% | 3.00% | +3.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.58% | 3.25% | +7.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.25% | 2.92% | +7.33% |
GLTP.L vs. GLT5.L - Expense Ratio Comparison
Both GLTP.L and GLT5.L have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
GLTP.L vs. GLT5.L - Dividend Comparison
GLTP.L's dividend yield for the trailing twelve months is around 4.50%, more than GLT5.L's 4.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GLT5.L Invesco UK Gilt 1-5 Year UCITS ETF Dist | 4.13% | 4.12% | 4.43% | 3.76% | 1.01% | 0.19% | 0.33% | 0.44% |
GLTP.L Invesco UK Gilts UCITS ETF Dist | 4.50% | 4.39% | 4.33% | 3.24% | 1.62% | 0.81% | 0.81% | 0.72% |
Frequently Asked Questions
GLTP.L and GLT5.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.06% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GLTP.L and GLT5.L have the same expense ratio: 0.06% per year.
Both ETFs track FTSE Act UK Cnvt Gilts All Stocks TR GBP.
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