GLTS.L vs. EU13.L

Last updated Apr 1, 2026

Compare and contrast key facts about SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.L) and SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (EU13.L).

GLTS.L and EU13.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLTS.L is a passively managed fund by State Street that tracks the performance of the FTSE Act UK Cnvt Gilts All Stocks TR GBP. It was launched on May 17, 2012. EU13.L is a passively managed fund by State Street that tracks the performance of the Bloomberg Euro Agg Govt 1-3 Yr TR EUR. It was launched on Nov 14, 2011. Both GLTS.L and EU13.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GLTS.L vs. EU13.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.L) and SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (EU13.L). The values are adjusted to include any dividend payments, if applicable.

GLTS.L vs. EU13.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLTS.L SPDR Bloomberg 1-5 Year Gilt UCITS ETF	-0.62%	5.40%	1.76%	3.70%	-5.72%	-1.91%	1.77%	1.11%	0.41%	-0.65%
EU13.L SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF	-0.07%	7.69%	-1.68%	1.21%	-0.04%	-6.69%	5.47%	-5.54%	0.77%	3.73%

Different Trading Currencies

GLTS.L is traded in GBP, while EU13.L is traded in EUR. To make them comparable, the EU13.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, GLTS.L achieves a -0.62% return, which is significantly lower than EU13.L's -0.07% return. Over the past 10 years, GLTS.L has underperformed EU13.L with an annualized return of 0.58%, while EU13.L has yielded a comparatively higher 1.03% annualized return.

GLTS.L

• 1D: 0.02%
• 1M: -1.82%
• YTD: -0.62%
• 6M: 0.79%
• 1Y: 3.05%
• 3Y*: 3.13%
• 5Y*: 0.62%
• 10Y*: 0.58%

EU13.L

• 1D: 0.72%
• 1M: -1.19%
• YTD: -0.07%
• 6M: 0.29%
• 1Y: 5.70%
• 3Y*: 2.30%
• 5Y*: 1.01%
• 10Y*: 1.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GLTS.L vs. EU13.L - Expense Ratio Comparison

Both GLTS.L and EU13.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

GLTS.L

SPDR Bloomberg 1-5 Year Gilt UCITS ETF

EU13.L

SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF

Return for Risk

GLTS.L vs. EU13.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GLTS.L

GLTS.L Risk / Return Rank: 69
GLTS.L Sharpe Ratio Rank: 76
GLTS.L Sortino Ratio Rank: 78
GLTS.L Omega Ratio Rank: 69
GLTS.L Calmar Ratio Rank: 56
GLTS.L Martin Ratio Rank: 67

EU13.L

EU13.L Risk / Return Rank: 46
EU13.L Sharpe Ratio Rank: 56
EU13.L Sortino Ratio Rank: 49
EU13.L Omega Ratio Rank: 52
EU13.L Calmar Ratio Rank: 33
EU13.L Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLTS.L vs. EU13.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.L) and SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (EU13.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.

	GLTS.L	EU13.L	Difference
Sharpe ratio Return per unit of total volatility	1.39	1.13	+0.26
Sortino ratio Return per unit of downside risk	1.98	1.78	+0.20
Omega ratio Gain probability vs. loss probability	1.25	1.21	+0.04
Calmar ratio Return relative to maximum drawdown	1.41	1.88	-0.47
Martin ratio Return relative to average drawdown	6.74	4.38	+2.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLTS.L vs. EU13.L - Sharpe Ratio Comparison

The current GLTS.L Sharpe Ratio is 1.39, which is comparable to the EU13.L Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of GLTS.L and EU13.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GLTS.L	EU13.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	1.13	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	0.19	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	0.14	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.15	+0.18

Correlation

The correlation between GLTS.L and EU13.L is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

GLTS.L vs. EU13.L - Dividend Comparison

GLTS.L's dividend yield for the trailing twelve months is around 3.67%, more than EU13.L's 2.30% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLTS.L SPDR Bloomberg 1-5 Year Gilt UCITS ETF	3.67%	3.44%	2.74%	1.30%	0.18%	0.13%	0.46%	0.60%	0.39%	0.52%	0.88%	0.98%
EU13.L SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF	2.30%	1.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.34%

Drawdowns

GLTS.L vs. EU13.L - Drawdown Comparison

The maximum GLTS.L drawdown since its inception was -11.18%, smaller than the maximum EU13.L drawdown of -13.87%. Use the drawdown chart below to compare losses from any high point for GLTS.L and EU13.L.

Drawdown Indicators

	GLTS.L	EU13.L	Difference
Max Drawdown Largest peak-to-trough decline	-11.18%	-7.12%	-4.06%
Max Drawdown (1Y) Largest decline over 1 year	-2.22%	-1.23%	-0.99%
Max Drawdown (5Y) Largest decline over 5 years	-10.44%	-6.02%	-4.42%
Max Drawdown (10Y) Largest decline over 10 years	-11.18%	-7.12%	-4.06%
Current Drawdown Current decline from peak	-1.82%	-1.06%	-0.76%
Average Drawdown Average peak-to-trough decline	-1.73%	-1.54%	-0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.46%	0.27%	+0.19%

Volatility

GLTS.L vs. EU13.L - Volatility Comparison

The current volatility for SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.L) is 1.19%, while SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (EU13.L) has a volatility of 1.46%. This indicates that GLTS.L experiences smaller price fluctuations and is considered to be less risky than EU13.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLTS.L	EU13.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	1.46%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	1.64%	2.99%	-1.35%
Volatility (1Y) Calculated over the trailing 1-year period	2.19%	5.04%	-2.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.20%	5.38%	-2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.59%	7.23%	-4.64%