GLTS.L vs. USDV.L
GLTS.L (SPDR Bloomberg 1-5 Year Gilt UCITS ETF) and USDV.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) 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 USDV.L is a Large Cap Blend Equities fund tracking the S&P High Yield Dividend Aristocrats Index. Both are passively managed. Over the past 10 years, GLTS.L returned 0.65%/yr vs 9.84%/yr for USDV.L. At a correlation of -0.01, they often move in opposite directions. GLTS.L charges 0.15%/yr vs 0.35%/yr for USDV.L.
Performance
GLTS.L vs. USDV.L - Performance Comparison
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Returns By Period
In the year-to-date period, GLTS.L achieves a 0.31% return, which is significantly lower than USDV.L's 7.22% return. Over the past 10 years, GLTS.L has underperformed USDV.L with an annualized return of 0.65%, while USDV.L has yielded a comparatively higher 9.84% annualized return.
GLTS.L
- 1D
- 0.14%
- 1M
- 0.75%
- YTD
- 0.31%
- 6M
- 0.39%
- 1Y
- 2.99%
- 3Y*
- 4.00%
- 5Y*
- 0.80%
- 10Y*
- 0.65%
USDV.L
- 1D
- 0.13%
- 1M
- 1.76%
- YTD
- 7.22%
- 6M
- 7.16%
- 1Y
- 14.02%
- 3Y*
- 6.93%
- 5Y*
- 6.79%
- 10Y*
- 9.84%
GLTS.L vs. USDV.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 | 0.31% | 5.40% | 1.76% | 3.70% | -5.72% | -1.91% | 1.77% | 1.11% | 0.41% | -0.65% |
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 7.22% | 1.15% | 9.34% | -3.52% | 11.58% | 26.74% | -2.72% | 19.69% | 1.49% | 6.73% |
Correlation
The correlation between GLTS.L and USDV.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since May 22, 2012 | -0.01 |
The correlation between GLTS.L and USDV.L shifts across timeframes, from -0.01 (all time) to 0.16 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GLTS.L vs. USDV.L — Risk / Return Rank
GLTS.L
USDV.L
GLTS.L vs. USDV.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 US Dividend Aristocrats UCITS ETF Dis (USDV.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 | USDV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 2.12 | -0.77 |
| Martin ratioReturn relative to average drawdown | 4.26 | 5.42 | -1.15 |
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 | USDV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.44 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.53 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.64 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.84 | -0.49 |
Drawdowns
GLTS.L vs. USDV.L - Drawdown Comparison
The maximum GLTS.L drawdown since its inception was -11.18%, smaller than the maximum USDV.L drawdown of -27.80%. Use the drawdown chart below to compare losses from any high point for GLTS.L and USDV.L.
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Drawdown Indicators
| GLTS.L | USDV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.18% | -27.80% | +16.62% |
Max Drawdown (1Y)Largest decline over 1 year | -2.22% | -6.60% | +4.38% |
Max Drawdown (3Y)Largest decline over 3 years | -2.22% | -16.30% | +14.08% |
Max Drawdown (5Y)Largest decline over 5 years | -10.44% | -16.30% | +5.86% |
Max Drawdown (10Y)Largest decline over 10 years | -11.18% | -27.80% | +16.62% |
Current DrawdownCurrent decline from peak | -0.91% | -3.68% | +2.77% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -4.14% | +2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 2.58% | -1.88% |
Volatility
GLTS.L vs. USDV.L - Volatility Comparison
The current volatility for SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.L) is 0.84%, while SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.L) has a volatility of 2.53%. This indicates that GLTS.L experiences smaller price fluctuations and is considered to be less risky than USDV.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 | USDV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 2.53% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 2.01% | 7.19% | -5.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.39% | 9.69% | -7.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.25% | 12.78% | -9.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.62% | 15.33% | -12.71% |
GLTS.L vs. USDV.L - Expense Ratio Comparison
GLTS.L has a 0.15% expense ratio, which is lower than USDV.L's 0.35% expense ratio.
Dividends
GLTS.L vs. USDV.L - Dividend Comparison
GLTS.L's dividend yield for the trailing twelve months is around 3.63%, more than USDV.L's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLTS.L SPDR Bloomberg 1-5 Year Gilt UCITS ETF | 3.63% | 3.44% | 2.74% | 1.30% | 0.18% | 0.13% | 0.46% | 0.60% | 0.39% | 0.52% | 0.88% | 0.98% |
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 2.04% | 2.20% | 1.99% | 2.29% | 2.11% | 2.12% | 2.57% | 2.65% | 2.19% | 3.07% | 1.65% | 2.00% |
Frequently Asked Questions
GLTS.L and USDV.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLTS.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLTS.L is cheaper with a 0.15% expense ratio, compared with 0.35% for USDV.L.
GLTS.L is categorized as European Government Bonds, while USDV.L is Large Cap Blend Equities. GLTS.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while USDV.L tracks S&P High Yield Dividend Aristocrats Index. Their fees differ too: 0.15% for GLTS.L and 0.35% for USDV.L.
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