GLTS.L vs. GLTL.L
GLTS.L (SPDR Bloomberg 1-5 Year Gilt UCITS ETF) and GLTL.L (SPDR Bloomberg 15+ Year Gilt UCITS ETF) are both European Government Bonds funds from State Street tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 10 years, GLTS.L returned 0.64%/yr vs -3.66%/yr for GLTL.L. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
GLTS.L vs. GLTL.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GLTS.L achieves a 0.16% return, which is significantly higher than GLTL.L's -3.97% return. Over the past 10 years, GLTS.L has outperformed GLTL.L with an annualized return of 0.64%, while GLTL.L has yielded a comparatively lower -3.66% annualized 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%
GLTL.L
- 1D
- -0.97%
- 1M
- 0.79%
- YTD
- -3.97%
- 6M
- -4.16%
- 1Y
- 0.24%
- 3Y*
- -1.34%
- 5Y*
- -10.92%
- 10Y*
- -3.66%
GLTS.L vs. GLTL.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 | 0.16% | 5.40% | 1.76% | 3.70% | -5.72% | -1.91% | 1.77% | 1.11% | 0.41% | -0.65% |
GLTL.L SPDR Bloomberg 15+ Year Gilt UCITS ETF | -3.97% | 3.16% | -10.46% | 1.26% | -40.67% | -6.57% | 13.60% | 11.56% | 0.21% | 3.33% |
Correlation
The correlation between GLTS.L and GLTL.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since May 28, 2012 | 0.70 |
The correlation between GLTS.L and GLTL.L has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GLTS.L vs. GLTL.L — Risk / Return Rank
GLTS.L
GLTL.L
GLTS.L vs. GLTL.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 15+ Year Gilt UCITS ETF (GLTL.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 | GLTL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.01 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 0.02 | +1.19 |
| Martin ratioReturn relative to average drawdown | 3.86 | 0.06 | +3.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GLTS.L | GLTL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 0.02 | +1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | -0.55 | +0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | -0.22 | +0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | -0.03 | +0.37 |
Drawdowns
GLTS.L vs. GLTL.L - Drawdown Comparison
The maximum GLTS.L drawdown since its inception was -11.18%, smaller than the maximum GLTL.L drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for GLTS.L and GLTL.L.
Loading charts...
Drawdown Indicators
| GLTS.L | GLTL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.18% | -55.18% | +44.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.22% | -10.86% | +8.64% |
Max Drawdown (3Y)Largest decline over 3 years | -2.22% | -16.53% | +14.31% |
Max Drawdown (5Y)Largest decline over 5 years | -10.44% | -52.99% | +42.55% |
Max Drawdown (10Y)Largest decline over 10 years | -11.18% | -55.18% | +44.00% |
Current DrawdownCurrent decline from peak | -1.05% | -52.25% | +51.20% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -19.75% | +18.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 4.25% | -3.55% |
Volatility
GLTS.L vs. GLTL.L - Volatility Comparison
The current volatility for SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.L) is 0.85%, while SPDR Bloomberg 15+ Year Gilt UCITS ETF (GLTL.L) has a volatility of 5.55%. This indicates that GLTS.L experiences smaller price fluctuations and is considered to be less risky than GLTL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GLTS.L | GLTL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 5.55% | -4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 2.01% | 9.70% | -7.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.39% | 12.52% | -10.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.25% | 19.76% | -16.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.62% | 17.01% | -14.39% |
GLTS.L vs. GLTL.L - Expense Ratio Comparison
Both GLTS.L and GLTL.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%.
Dividends
GLTS.L vs. GLTL.L - Dividend Comparison
GLTS.L's dividend yield for the trailing twelve months is around 3.64%, less than GLTL.L's 5.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLTL.L SPDR Bloomberg 15+ Year Gilt UCITS ETF | 5.14% | 4.77% | 4.39% | 2.97% | 1.63% | 0.87% | 1.01% | 1.43% | 1.55% | 1.86% | 1.99% | 2.51% |
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 GLTL.L have a correlation of 0.68, 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 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GLTS.L and GLTL.L have the same expense ratio: 0.15% per year.
Both ETFs track FTSE Act UK Cnvt Gilts All Stocks TR GBP.
Find the right allocation for GLTS.L and GLTL.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer