GLTS.L vs. JG15.L

Last updated Jun 4, 2026

GLTS.L (SPDR Bloomberg 1-5 Year Gilt UCITS ETF) and JG15.L (JPMorgan BetaBuilders UK Gilt 1-5 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 JPMorgan respectively. Both are passively managed. Over the past 5 years, GLTS.L returned 0.77%/yr vs 0.82%/yr for JG15.L. Their correlation of 0.88 suggests significant overlap in exposure. GLTS.L charges 0.15%/yr vs 0.07%/yr for JG15.L.

Performance

GLTS.L vs. JG15.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.L) and JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist) (JG15.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLTS.L achieves a 0.16% return, which is significantly lower than JG15.L's 0.20% 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%

JG15.L

• 1D: 0.10%
• 1M: 0.50%
• YTD: 0.20%
• 6M: 0.46%
• 1Y: 2.94%
• 3Y*: 4.01%
• 5Y*: 0.82%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GLTS.L vs. JG15.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
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%	0.54%
JG15.L JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist)	0.20%	5.58%	1.79%	3.85%	-5.75%	-1.91%	1.86%	1.33%	0.58%

Correlation

The correlation between GLTS.L and JG15.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	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jun 13, 2018	0.88

The correlation between GLTS.L and JG15.L shifts across timeframes, from 0.77 (1 year) to 0.91 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

GLTS.L vs. JG15.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GLTS.L

GLTS.L Risk / Return Rank: 29
GLTS.L Sharpe Ratio Rank: 31
GLTS.L Sortino Ratio Rank: 30
GLTS.L Omega Ratio Rank: 31
GLTS.L Calmar Ratio Rank: 25
GLTS.L Martin Ratio Rank: 28

JG15.L

JG15.L Risk / Return Rank: 34
JG15.L Sharpe Ratio Rank: 37
JG15.L Sortino Ratio Rank: 37
JG15.L Omega Ratio Rank: 41
JG15.L Calmar Ratio Rank: 27
JG15.L Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLTS.L vs. JG15.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 JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist) (JG15.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	JG15.L	Difference
Sharpe ratio: Return per unit of total volatility	1.13	1.30	-0.18
Sortino ratio: Return per unit of downside risk	1.64	1.89	-0.24
Omega ratio: Gain probability vs. loss probability	1.21	1.26	-0.05
Calmar ratio: Return relative to maximum drawdown	1.21	1.28	-0.07
Martin ratio: Return relative to average drawdown	3.86	4.09	-0.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLTS.L vs. JG15.L - Sharpe Ratio Comparison

The current GLTS.L Sharpe Ratio is 1.13, which is comparable to the JG15.L Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of GLTS.L and JG15.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GLTS.L	JG15.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	1.30	-0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	0.27	-0.03
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	0.35	-0.01

Drawdowns

GLTS.L vs. JG15.L - Drawdown Comparison

The maximum GLTS.L drawdown since its inception was -11.18%, roughly equal to the maximum JG15.L drawdown of -11.35%. Use the drawdown chart below to compare losses from any high point for GLTS.L and JG15.L.

Drawdown Indicators

	GLTS.L	JG15.L	Difference
Max Drawdown Largest peak-to-trough decline	-11.18%	-11.35%	+0.17%
Max Drawdown (1Y) Largest decline over 1 year	-2.22%	-2.35%	+0.13%
Max Drawdown (3Y) Largest decline over 3 years	-2.22%	-2.35%	+0.13%
Max Drawdown (5Y) Largest decline over 5 years	-10.44%	-10.68%	+0.24%
Max Drawdown (10Y) Largest decline over 10 years	-11.18%	—	—
Current Drawdown Current decline from peak	-1.05%	-0.97%	-0.08%
Average Drawdown Average peak-to-trough decline	-1.72%	-2.42%	+0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.70%	0.74%	-0.04%

Volatility

GLTS.L vs. JG15.L - Volatility Comparison

The current volatility for SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.L) is 0.85%, while JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist) (JG15.L) has a volatility of 0.95%. This indicates that GLTS.L experiences smaller price fluctuations and is considered to be less risky than JG15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLTS.L	JG15.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.85%	0.95%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	2.01%	2.06%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	2.39%	2.32%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.25%	3.05%	+0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.62%	2.55%	+0.07%

GLTS.L vs. JG15.L - Expense Ratio Comparison

GLTS.L has a 0.15% expense ratio, which is higher than JG15.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. JG15.L - Dividend Comparison

GLTS.L's dividend yield for the trailing twelve months is around 3.64%, less than JG15.L's 3.87% 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%
JG15.L JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist)	3.87%	3.71%	3.44%	2.28%	0.68%	0.12%	0.34%	0.91%	0.35%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GLTS.L and JG15.L in my portfolio?

GLTS.L and JG15.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.

Which ETF is better, GLTS.L or JG15.L?

On fees, JG15.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GLTS.L or JG15.L?

JG15.L is cheaper with a 0.07% expense ratio, compared with 0.15% for GLTS.L.

What is the main difference between GLTS.L and JG15.L?

Both ETFs track FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: State Street and JPMorgan. Their fees differ too: 0.15% for GLTS.L and 0.07% for JG15.L.