GLTS.L vs. GBPG.L
Compare and contrast key facts about SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.L) and Goldman Sachs Access UK Gilts 1-10 Years UCITS ETF Class GBP (Dist) (GBPG.L).
GLTS.L and GBPG.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. GBPG.L is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Act UK Cnvt Gilts All Stocks TR GBP. It was launched on Sep 7, 2021. Both GLTS.L and GBPG.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLTS.L or GBPG.L.
Key characteristics
| GLTS.L | GBPG.L | |
|---|---|---|
| YTD Return | 0.96% | -0.52% |
| 1Y Return | 3.61% | 3.71% |
| 3Y Return (Ann) | -0.63% | 25.22% |
| Sharpe Ratio | 0.99 | 0.81 |
| Sortino Ratio | 1.53 | 1.20 |
| Omega Ratio | 1.21 | 1.14 |
| Calmar Ratio | 0.51 | 1.14 |
| Martin Ratio | 3.85 | 2.61 |
| Ulcer Index | 0.87% | 1.26% |
| Daily Std Dev | 3.39% | 4.06% |
| Max Drawdown | -11.18% | -7.18% |
| Current Drawdown | -3.32% | -2.88% |
Correlation
The correlation between GLTS.L and GBPG.L is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GLTS.L vs. GBPG.L - Performance Comparison
In the year-to-date period, GLTS.L achieves a 0.96% return, which is significantly higher than GBPG.L's -0.52% 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. GBPG.L - Expense Ratio Comparison
GLTS.L has a 0.15% expense ratio, which is higher than GBPG.L's 0.07% 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. GBPG.L - 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 Goldman Sachs Access UK Gilts 1-10 Years UCITS ETF Class GBP (Dist) (GBPG.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.
Dividends
GLTS.L vs. GBPG.L - Dividend Comparison
GLTS.L's dividend yield for the trailing twelve months is around 2.76%, less than GBPG.L's 4.13% 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% |
GBPG.L Goldman Sachs Access UK Gilts 1-10 Years UCITS ETF Class GBP (Dist) | 4.13% | 3.35% | 62.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GLTS.L vs. GBPG.L - Drawdown Comparison
The maximum GLTS.L drawdown since its inception was -11.18%, which is greater than GBPG.L's maximum drawdown of -7.18%. Use the drawdown chart below to compare losses from any high point for GLTS.L and GBPG.L. For additional features, visit the drawdowns tool.
Volatility
GLTS.L vs. GBPG.L - Volatility Comparison
SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.L) and Goldman Sachs Access UK Gilts 1-10 Years UCITS ETF Class GBP (Dist) (GBPG.L) have volatilities of 1.69% and 1.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.