GLTS.L vs. FXAIX
Compare and contrast key facts about SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.L) and Fidelity 500 Index Fund (FXAIX).
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. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLTS.L or FXAIX.
Key characteristics
| GLTS.L | FXAIX | |
|---|---|---|
| YTD Return | 0.96% | 21.13% |
| 1Y Return | 3.61% | 32.73% |
| 3Y Return (Ann) | -0.63% | 8.44% |
| 5Y Return (Ann) | -0.32% | 14.99% |
| 10Y Return (Ann) | 0.38% | 13.02% |
| Sharpe Ratio | 0.99 | 2.83 |
| Sortino Ratio | 1.53 | 3.74 |
| Omega Ratio | 1.21 | 1.53 |
| Calmar Ratio | 0.51 | 4.05 |
| Martin Ratio | 3.85 | 18.37 |
| Ulcer Index | 0.87% | 1.86% |
| Daily Std Dev | 3.39% | 12.11% |
| Max Drawdown | -11.18% | -33.79% |
| Current Drawdown | -3.32% | -2.56% |
Correlation
The correlation between GLTS.L and FXAIX is 0.19, 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.
Performance
GLTS.L vs. FXAIX - Performance Comparison
In the year-to-date period, GLTS.L achieves a 0.96% return, which is significantly lower than FXAIX's 21.13% return. Over the past 10 years, GLTS.L has underperformed FXAIX with an annualized return of 0.38%, while FXAIX has yielded a comparatively higher 13.02% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GLTS.L vs. FXAIX - Expense Ratio Comparison
GLTS.L has a 0.15% expense ratio, which is higher than FXAIX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
GLTS.L vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.L) and Fidelity 500 Index Fund (FXAIX). 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.
Dividends
GLTS.L vs. FXAIX - Dividend Comparison
GLTS.L's dividend yield for the trailing twelve months is around 2.76%, more than FXAIX's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLTS.L SPDR Bloomberg 1-5 Year Gilt UCITS ETF | 2.76% | 1.30% | 0.18% | 0.13% | 0.46% | 0.60% | 0.39% | 0.52% | 0.88% | 0.98% | 0.67% | 0.44% |
FXAIX Fidelity 500 Index Fund | 1.27% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
GLTS.L vs. FXAIX - Drawdown Comparison
The maximum GLTS.L drawdown since its inception was -11.18%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for GLTS.L and FXAIX. For additional features, visit the drawdowns tool.
Volatility
GLTS.L vs. FXAIX - Volatility Comparison
The current volatility for SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.L) is 1.69%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 2.94%. This indicates that GLTS.L experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.