GLTS.L vs. GLT5.L
GLTS.L (SPDR Bloomberg 1-5 Year Gilt UCITS ETF) and GLT5.L (Invesco UK Gilt 1-5 Year UCITS ETF Dist) are both European Government Bonds funds tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP, from State Street and Invesco respectively. Both are passively managed. Over the past 5 years, GLTS.L returned 0.77%/yr vs 0.89%/yr for GLT5.L. Their correlation of 0.82 suggests significant overlap in exposure. GLTS.L charges 0.15%/yr vs 0.06%/yr for GLT5.L.
Performance
GLTS.L vs. GLT5.L - Performance Comparison
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Different Trading Currencies
GLTS.L is traded in GBP, while GLT5.L is traded in GBp. To make them comparable, the GLT5.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 0.16% return, which is significantly higher than GLT5.L's 0.13% return.
GLTS.L
- 1D
- -0.15%
- 1M
- 0.42%
- YTD
- 0.16%
- 6M
- 0.34%
- 1Y
- 2.70%
- 3Y*
- 3.90%
- 5Y*
- 0.77%
- 10Y*
- 0.64%
GLT5.L
- 1D
- -0.12%
- 1M
- 0.52%
- YTD
- 0.13%
- 6M
- 0.46%
- 1Y
- 2.92%
- 3Y*
- 4.01%
- 5Y*
- 0.89%
- 10Y*
- —
GLTS.L vs. GLT5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GLTS.L SPDR Bloomberg 1-5 Year Gilt UCITS ETF | 0.16% | 5.40% | 1.76% | 3.70% | -5.72% | -1.91% | 1.77% | 0.67% |
GLT5.L Invesco UK Gilt 1-5 Year UCITS ETF Dist | 0.13% | 5.31% | 2.14% | 3.86% | -5.44% | -1.89% | 1.83% | 0.69% |
Correlation
The correlation between GLTS.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 | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2019 | 0.82 |
The correlation between GLTS.L and GLT5.L shifts across timeframes, from 0.66 (1 year) to 0.86 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GLTS.L vs. GLT5.L — Risk / Return Rank
GLTS.L
GLT5.L
GLTS.L vs. GLT5.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 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.
| GLTS.L | GLT5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.33 | -0.12 |
| Martin ratioReturn relative to average drawdown | 3.86 | 4.26 | -0.40 |
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
| GLTS.L | GLT5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 0.97 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.28 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.32 | +0.02 |
Drawdowns
GLTS.L vs. GLT5.L - Drawdown Comparison
The maximum GLTS.L drawdown since its inception was -11.18%, roughly equal to the maximum GLT5.L drawdown of -10.98%. Use the drawdown chart below to compare losses from any high point for GLTS.L and GLT5.L.
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Drawdown Indicators
| GLTS.L | GLT5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.18% | -10.98% | -0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.22% | -2.20% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -2.22% | -2.20% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -10.44% | -10.32% | -0.12% |
Max Drawdown (10Y)Largest decline over 10 years | -11.18% | — | — |
Current DrawdownCurrent decline from peak | -1.05% | -0.99% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -2.63% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.69% | +0.01% |
Volatility
GLTS.L vs. GLT5.L - Volatility Comparison
The current volatility for SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.L) is 0.85%, while Invesco UK Gilt 1-5 Year UCITS ETF Dist (GLT5.L) has a volatility of 1.89%. This indicates that GLTS.L experiences smaller price fluctuations and is considered to be less risky 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
| GLTS.L | GLT5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 1.89% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.01% | 2.63% | -0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.39% | 3.00% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.25% | 3.25% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.62% | 2.92% | -0.30% |
GLTS.L vs. GLT5.L - Expense Ratio Comparison
GLTS.L has a 0.15% expense ratio, which is higher than GLT5.L's 0.06% 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%.
Dividends
GLTS.L vs. GLT5.L - Dividend Comparison
GLTS.L's dividend yield for the trailing twelve months is around 3.64%, less than GLT5.L's 4.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
GLTS.L SPDR Bloomberg 1-5 Year Gilt UCITS ETF | 3.64% | 3.44% | 2.74% | 1.30% | 0.18% | 0.13% | 0.46% | 0.60% | 0.39% | 0.52% | 0.88% | 0.98% |
Frequently Asked Questions
GLTS.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.
On fees, GLT5.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLT5.L is cheaper with a 0.06% expense ratio, compared with 0.15% for GLTS.L.
Both ETFs track FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.15% for GLTS.L and 0.06% for GLT5.L.
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