GLTS.L vs. IGL5.L
GLTS.L (SPDR Bloomberg 1-5 Year Gilt UCITS ETF) and IGL5.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Acc)) are both European Government Bonds funds - GLTS.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP while IGL5.L tracks the FTSE Actuaries UK Conventional Gilts up to 5 Years Index (GBP). Both are passively managed. Over the past 3 years, GLTS.L returned 3.90%/yr vs 4.15%/yr for IGL5.L. Their correlation of 0.84 suggests significant overlap in exposure. GLTS.L charges 0.15%/yr vs 0.07%/yr for IGL5.L.
Performance
GLTS.L vs. IGL5.L - Performance Comparison
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Returns By Period
In the year-to-date period, GLTS.L achieves a 0.16% return, which is significantly lower than IGL5.L's 0.83% 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%
IGL5.L
- 1D
- -0.14%
- 1M
- 0.30%
- YTD
- 0.83%
- 6M
- 0.59%
- 1Y
- 2.97%
- 3Y*
- 4.15%
- 5Y*
- —
- 10Y*
- —
GLTS.L vs. IGL5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GLTS.L SPDR Bloomberg 1-5 Year Gilt UCITS ETF | 0.16% | 5.40% | 1.76% | 4.07% |
IGL5.L iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) | 0.83% | 4.56% | 2.68% | 4.14% |
Correlation
The correlation between GLTS.L and IGL5.L is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 24, 2023 | 0.84 |
The correlation between GLTS.L and IGL5.L has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
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Return for Risk
GLTS.L vs. IGL5.L — Risk / Return Rank
GLTS.L
IGL5.L
GLTS.L vs. IGL5.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 iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.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 | IGL5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.29 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.56 | -0.35 |
| Martin ratioReturn relative to average drawdown | 3.86 | 5.34 | -1.48 |
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 | IGL5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.42 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | — | — |
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 | 1.87 | -1.52 |
Drawdowns
GLTS.L vs. IGL5.L - Drawdown Comparison
The maximum GLTS.L drawdown since its inception was -11.18%, which is greater than IGL5.L's maximum drawdown of -1.89%. Use the drawdown chart below to compare losses from any high point for GLTS.L and IGL5.L.
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Drawdown Indicators
| GLTS.L | IGL5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.18% | -1.89% | -9.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.22% | -1.89% | -0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -2.22% | -1.89% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -10.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -11.18% | — | — |
Current DrawdownCurrent decline from peak | -1.05% | -0.72% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -0.31% | -1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.56% | +0.14% |
Volatility
GLTS.L vs. IGL5.L - Volatility Comparison
SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.L) has a higher volatility of 0.85% compared to iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.L) at 0.73%. This indicates that GLTS.L's price experiences larger fluctuations and is considered to be riskier than IGL5.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 | IGL5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 0.73% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.01% | 1.89% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.39% | 2.09% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.25% | 2.16% | +1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.62% | 2.16% | +0.46% |
GLTS.L vs. IGL5.L - Expense Ratio Comparison
GLTS.L has a 0.15% expense ratio, which is higher than IGL5.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%.
Dividends
GLTS.L vs. IGL5.L - Dividend Comparison
GLTS.L's dividend yield for the trailing twelve months is around 3.64%, while IGL5.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IGL5.L iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLTS.L and IGL5.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGL5.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGL5.L is cheaper with a 0.07% expense ratio, compared with 0.15% for GLTS.L.
GLTS.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while IGL5.L tracks FTSE Actuaries UK Conventional Gilts up to 5 Years Index (GBP). They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for GLTS.L and 0.07% for IGL5.L.
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