GLTS.L vs. SPX5.L
GLTS.L (SPDR Bloomberg 1-5 Year Gilt UCITS ETF) and SPX5.L (SPDR S&P 500 UCITS ETF) are both exchange-traded funds - GLTS.L is a European Government Bonds fund tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP, while SPX5.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, GLTS.L returned 0.64%/yr vs 16.32%/yr for SPX5.L. At a correlation of -0.04, they often move in opposite directions. GLTS.L charges 0.15%/yr vs 0.09%/yr for SPX5.L.
Performance
GLTS.L vs. SPX5.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 SPX5.L's 10.48% return. Over the past 10 years, GLTS.L has underperformed SPX5.L with an annualized return of 0.64%, while SPX5.L has yielded a comparatively higher 16.32% 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%
SPX5.L
- 1D
- -0.28%
- 1M
- 5.91%
- YTD
- 10.48%
- 6M
- 10.36%
- 1Y
- 29.09%
- 3Y*
- 19.31%
- 5Y*
- 14.91%
- 10Y*
- 16.32%
GLTS.L vs. SPX5.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% |
SPX5.L SPDR S&P 500 UCITS ETF | 10.48% | 9.34% | 27.47% | 19.75% | -9.01% | 30.96% | 13.52% | 26.74% | -0.04% | 11.63% |
Correlation
The correlation between GLTS.L and SPX5.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since May 22, 2012 | -0.04 |
The correlation between GLTS.L and SPX5.L shifts across timeframes, from -0.04 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GLTS.L vs. SPX5.L — Risk / Return Rank
GLTS.L
SPX5.L
GLTS.L vs. SPX5.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 S&P 500 UCITS ETF (SPX5.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 | SPX5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.52 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 4.09 | -2.88 |
| Martin ratioReturn relative to average drawdown | 3.86 | 15.04 | -11.19 |
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 | SPX5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 2.76 | -1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 1.05 | -0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 1.05 | -0.81 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 1.04 | -0.70 |
Drawdowns
GLTS.L vs. SPX5.L - Drawdown Comparison
The maximum GLTS.L drawdown since its inception was -11.18%, smaller than the maximum SPX5.L drawdown of -25.45%. Use the drawdown chart below to compare losses from any high point for GLTS.L and SPX5.L.
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Drawdown Indicators
| GLTS.L | SPX5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.18% | -25.45% | +14.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.22% | -7.07% | +4.85% |
Max Drawdown (3Y)Largest decline over 3 years | -2.22% | -20.90% | +18.68% |
Max Drawdown (5Y)Largest decline over 5 years | -10.44% | -20.90% | +10.46% |
Max Drawdown (10Y)Largest decline over 10 years | -11.18% | -25.45% | +14.27% |
Current DrawdownCurrent decline from peak | -1.05% | -0.28% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -3.18% | +1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 1.93% | -1.23% |
Volatility
GLTS.L vs. SPX5.L - Volatility Comparison
The current volatility for SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.L) is 0.85%, while SPDR S&P 500 UCITS ETF (SPX5.L) has a volatility of 2.67%. This indicates that GLTS.L experiences smaller price fluctuations and is considered to be less risky than SPX5.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 | SPX5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 2.67% | -1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 2.01% | 7.17% | -5.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.39% | 10.57% | -8.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.25% | 14.22% | -10.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.62% | 15.52% | -12.90% |
GLTS.L vs. SPX5.L - Expense Ratio Comparison
GLTS.L has a 0.15% expense ratio, which is higher than SPX5.L's 0.09% 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. SPX5.L - Dividend Comparison
GLTS.L's dividend yield for the trailing twelve months is around 3.64%, more than SPX5.L's 0.89% 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% |
SPX5.L SPDR S&P 500 UCITS ETF | 0.89% | 0.98% | 1.04% | 1.21% | 1.39% | 0.98% | 1.40% | 1.76% | 1.71% | 2.36% | 1.49% | 1.68% |
Frequently Asked Questions
GLTS.L and SPX5.L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPX5.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPX5.L is cheaper with a 0.09% expense ratio, compared with 0.15% for GLTS.L.
GLTS.L is categorized as European Government Bonds, while SPX5.L is S&P 500. GLTS.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while SPX5.L tracks S&P 500 Index. Their fees differ too: 0.15% for GLTS.L and 0.09% for SPX5.L.
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