GLTS.L vs. IGLS.L
GLTS.L (SPDR Bloomberg 1-5 Year Gilt UCITS ETF) and IGLS.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)) are both European Government Bonds funds tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP, from State Street and iShares respectively. Both are passively managed. Over the past 10 years, GLTS.L returned 0.64%/yr vs 0.88%/yr for IGLS.L. A 0.80 correlation means they provide meaningful diversification when combined. GLTS.L charges 0.15%/yr vs 0.07%/yr for IGLS.L.
Performance
GLTS.L vs. IGLS.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 IGLS.L's 0.18% return. Over the past 10 years, GLTS.L has underperformed IGLS.L with an annualized return of 0.64%, while IGLS.L has yielded a comparatively higher 0.88% 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%
IGLS.L
- 1D
- -0.13%
- 1M
- 0.35%
- YTD
- 0.18%
- 6M
- 0.64%
- 1Y
- 3.09%
- 3Y*
- 4.17%
- 5Y*
- 1.31%
- 10Y*
- 0.88%
GLTS.L vs. IGLS.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% |
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 0.18% | 5.26% | 2.65% | 4.19% | -4.45% | -1.68% | 1.49% | 1.05% | 0.13% | -0.38% |
Correlation
The correlation between GLTS.L and IGLS.L is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since May 22, 2012 | 0.80 |
The correlation between GLTS.L and IGLS.L shifts across timeframes, from 0.75 (1 year) to 0.88 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GLTS.L vs. IGLS.L — Risk / Return Rank
GLTS.L
IGLS.L
GLTS.L vs. IGLS.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 (Dist) (IGLS.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 | IGLS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.31 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.58 | -0.37 |
| Martin ratioReturn relative to average drawdown | 3.86 | 5.42 | -1.57 |
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 | IGLS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.55 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.49 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.40 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.68 | -0.34 |
Drawdowns
GLTS.L vs. IGLS.L - Drawdown Comparison
The maximum GLTS.L drawdown since its inception was -11.18%, which is greater than IGLS.L's maximum drawdown of -9.54%. Use the drawdown chart below to compare losses from any high point for GLTS.L and IGLS.L.
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Drawdown Indicators
| GLTS.L | IGLS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.18% | -9.54% | -1.64% |
Max Drawdown (1Y)Largest decline over 1 year | -2.22% | -1.95% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -2.22% | -1.95% | -0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -10.44% | -8.85% | -1.59% |
Max Drawdown (10Y)Largest decline over 10 years | -11.18% | -9.54% | -1.64% |
Current DrawdownCurrent decline from peak | -1.05% | -0.73% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -1.10% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.57% | +0.13% |
Volatility
GLTS.L vs. IGLS.L - Volatility Comparison
SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.L) and iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) have volatilities of 0.85% and 0.82%, 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.
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Volatility by Period
| GLTS.L | IGLS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 0.82% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.01% | 1.75% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.39% | 1.99% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.25% | 2.67% | +0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.62% | 2.18% | +0.44% |
GLTS.L vs. IGLS.L - Expense Ratio Comparison
GLTS.L has a 0.15% expense ratio, which is higher than IGLS.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. IGLS.L - Dividend Comparison
GLTS.L's dividend yield for the trailing twelve months is around 3.64%, less than IGLS.L's 3.99% yield.
| 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% |
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 3.99% | 3.88% | 3.67% | 1.62% | 0.30% | 0.25% | 0.53% | 0.46% | 0.33% | 0.53% | 0.88% | 0.48% |
Frequently Asked Questions
GLTS.L and IGLS.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGLS.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLS.L is cheaper with a 0.07% 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 iShares. Their fees differ too: 0.15% for GLTS.L and 0.07% for IGLS.L.
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