GLTS.L vs. XGLE.L
GLTS.L (SPDR Bloomberg 1-5 Year Gilt UCITS ETF) and XGLE.L (Xtrackers Eurozone Government Bond UCITS ETF 1C) are both European Government Bonds funds - GLTS.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP while XGLE.L tracks the Bloomberg Euro Agg Govt TR EUR. Both are passively managed. Over the past 10 years, GLTS.L returned 0.64%/yr vs 0.62%/yr for XGLE.L. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
GLTS.L vs. XGLE.L - Performance Comparison
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Different Trading Currencies
GLTS.L is traded in GBP, while XGLE.L is traded in EUR. To make them comparable, the XGLE.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLTS.L achieves a 0.16% return, which is significantly higher than XGLE.L's -0.83% return. Both investments have delivered pretty close results over the past 10 years, with GLTS.L having a 0.64% annualized return and XGLE.L not far behind at 0.62%.
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%
XGLE.L
- 1D
- -0.43%
- 1M
- 0.42%
- YTD
- -0.83%
- 6M
- -1.32%
- 1Y
- 2.58%
- 3Y*
- 2.37%
- 5Y*
- -2.18%
- 10Y*
- 0.62%
GLTS.L vs. XGLE.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% |
XGLE.L Xtrackers Eurozone Government Bond UCITS ETF 1C | -0.83% | 5.95% | -2.94% | 4.66% | -14.01% | -9.34% | 10.68% | 0.57% | 1.78% | 4.23% |
Correlation
The correlation between GLTS.L and XGLE.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since May 22, 2012 | 0.44 |
The correlation between GLTS.L and XGLE.L shifts across timeframes, from 0.44 (all time) to 0.55 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GLTS.L vs. XGLE.L — Risk / Return Rank
GLTS.L
XGLE.L
GLTS.L vs. XGLE.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 Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.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 | XGLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.08 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 0.57 | +0.64 |
| Martin ratioReturn relative to average drawdown | 3.86 | 1.27 | +2.58 |
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 | XGLE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 0.46 | +0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | -0.29 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.07 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.24 | +0.10 |
Drawdowns
GLTS.L vs. XGLE.L - Drawdown Comparison
The maximum GLTS.L drawdown since its inception was -11.18%, smaller than the maximum XGLE.L drawdown of -26.78%. Use the drawdown chart below to compare losses from any high point for GLTS.L and XGLE.L.
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Drawdown Indicators
| GLTS.L | XGLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.18% | -26.78% | +15.60% |
Max Drawdown (1Y)Largest decline over 1 year | -2.22% | -4.53% | +2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -2.22% | -6.20% | +3.98% |
Max Drawdown (5Y)Largest decline over 5 years | -10.44% | -20.99% | +10.55% |
Max Drawdown (10Y)Largest decline over 10 years | -11.18% | -26.78% | +15.60% |
Current DrawdownCurrent decline from peak | -1.05% | -19.03% | +17.98% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -10.13% | +8.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 2.03% | -1.33% |
Volatility
GLTS.L vs. XGLE.L - Volatility Comparison
The current volatility for SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.L) is 0.85%, while Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.L) has a volatility of 1.99%. This indicates that GLTS.L experiences smaller price fluctuations and is considered to be less risky than XGLE.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 | XGLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 1.99% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.01% | 4.31% | -2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.39% | 5.57% | -3.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.25% | 7.50% | -4.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.62% | 8.54% | -5.92% |
GLTS.L vs. XGLE.L - Expense Ratio Comparison
Both GLTS.L and XGLE.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
GLTS.L vs. XGLE.L - Dividend Comparison
GLTS.L's dividend yield for the trailing twelve months is around 3.64%, while XGLE.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% |
XGLE.L Xtrackers Eurozone Government Bond UCITS ETF 1C | 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 XGLE.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GLTS.L and XGLE.L have the same expense ratio: 0.15% per year.
GLTS.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while XGLE.L tracks Bloomberg Euro Agg Govt TR EUR. They also come from different issuers: State Street and DWS.
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