GLTY.L vs. IMID.L

Last updated Apr 1, 2026

Compare and contrast key facts about SPDR Bloomberg UK Gilt UCITS ETF (GLTY.L) and SPDR MSCI ACWI IMI (IMID.L).

GLTY.L and IMID.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLTY.L is a passively managed fund by State Street that tracks the performance of the FTSE Act UK Cnvt Gilts All Stocks TR GBP. It was launched on May 17, 2012. IMID.L is a passively managed fund by State Street that tracks the performance of the MSCI ACWI NR USD. It was launched on May 13, 2011. Both GLTY.L and IMID.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GLTY.L vs. IMID.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR Bloomberg UK Gilt UCITS ETF (GLTY.L) and SPDR MSCI ACWI IMI (IMID.L). The values are adjusted to include any dividend payments, if applicable.

GLTY.L vs. IMID.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLTY.L SPDR Bloomberg UK Gilt UCITS ETF	-3.59%	3.10%	-4.48%	279.86%	158.03%	169.82%	413.90%	596.36%	632.13%	2,267.04%
IMID.L SPDR MSCI ACWI IMI	-96.05%	13.50%	18.15%	15.05%	-7.72%	19.37%	11.96%	21.15%	27.61%	2.87%

Different Trading Currencies

GLTY.L is traded in GBP, while IMID.L is traded in USD. To make them comparable, the IMID.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, GLTY.L achieves a -3.59% return, which is significantly higher than IMID.L's -96.05% return. Over the past 10 years, GLTY.L has outperformed IMID.L with an annualized return of 284.66%, while IMID.L has yielded a comparatively lower -16.02% annualized return.

GLTY.L

• 1D: 0.20%
• 1M: -4.16%
• YTD: -3.59%
• 6M: -0.72%
• 1Y: -1.44%
• 3Y*: -1.32%
• 5Y*: 73.53%
• 10Y*: 284.66%

IMID.L

• 1D: 0.00%
• 1M: -5.88%
• YTD: -96.05%
• 6M: -95.94%
• 1Y: -95.33%
• 3Y*: -61.27%
• 5Y*: -42.35%
• 10Y*: -16.02%

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

GLTY.L vs. IMID.L - Expense Ratio Comparison

GLTY.L has a 0.15% expense ratio, which is lower than IMID.L's 0.40% expense ratio.

IMID.L

SPDR MSCI ACWI IMI

GLTY.L

SPDR Bloomberg UK Gilt UCITS ETF

Return for Risk

GLTY.L vs. IMID.L — Risk / Return Rank

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

GLTY.L

GLTY.L Risk / Return Rank: 7
GLTY.L Sharpe Ratio Rank: 8
GLTY.L Sortino Ratio Rank: 7
GLTY.L Omega Ratio Rank: 7
GLTY.L Calmar Ratio Rank: 7
GLTY.L Martin Ratio Rank: 5

IMID.L

IMID.L Risk / Return Rank: 1
IMID.L Sharpe Ratio Rank: 0
IMID.L Sortino Ratio Rank: 3
IMID.L Omega Ratio Rank: 0
IMID.L Calmar Ratio Rank: 0
IMID.L Martin Ratio Rank: 0

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.

GLTY.L vs. IMID.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg UK Gilt UCITS ETF (GLTY.L) and SPDR MSCI ACWI IMI (IMID.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.

	GLTY.L	IMID.L	Difference
Sharpe ratio Return per unit of total volatility	-0.21	-0.99	+0.78
Sortino ratio Return per unit of downside risk	-0.22	-0.82	+0.59
Omega ratio Gain probability vs. loss probability	0.97	0.49	+0.48
Calmar ratio Return relative to maximum drawdown	-0.32	-0.99	+0.67
Martin ratio Return relative to average drawdown	-0.83	-2.97	+2.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLTY.L vs. IMID.L - Sharpe Ratio Comparison

The current GLTY.L Sharpe Ratio is -0.21, which is higher than the IMID.L Sharpe Ratio of -0.99. The chart below compares the historical Sharpe Ratios of GLTY.L and IMID.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GLTY.L	IMID.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.21	-0.99	+0.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	-0.95	+1.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.13	-0.44	+1.57
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	-0.33	+1.15

Correlation

The correlation between GLTY.L and IMID.L is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

GLTY.L vs. IMID.L - Dividend Comparison

Neither GLTY.L nor IMID.L has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLTY.L SPDR Bloomberg UK Gilt UCITS ETF	0.00%	1.74%	2.72%	74.77%	114.99%	84.01%	106.35%	119.69%	125.98%	157.59%	81.07%	1.87%
IMID.L SPDR MSCI ACWI IMI	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

GLTY.L vs. IMID.L - Drawdown Comparison

The maximum GLTY.L drawdown since its inception was -23.61%, smaller than the maximum IMID.L drawdown of -96.25%. Use the drawdown chart below to compare losses from any high point for GLTY.L and IMID.L.

Drawdown Indicators

	GLTY.L	IMID.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.61%	-96.32%	+72.71%
Max Drawdown (1Y) Largest decline over 1 year	-5.51%	-96.32%	+90.81%
Max Drawdown (5Y) Largest decline over 5 years	-23.61%	-96.32%	+72.71%
Max Drawdown (10Y) Largest decline over 10 years	-23.61%	-96.32%	+72.71%
Current Drawdown Current decline from peak	-6.94%	-96.20%	+89.26%
Average Drawdown Average peak-to-trough decline	-3.89%	-12.28%	+8.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	32.08%	-29.98%

Volatility

GLTY.L vs. IMID.L - Volatility Comparison

The current volatility for SPDR Bloomberg UK Gilt UCITS ETF (GLTY.L) is 2.90%, while SPDR MSCI ACWI IMI (IMID.L) has a volatility of 3.58%. This indicates that GLTY.L experiences smaller price fluctuations and is considered to be less risky than IMID.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLTY.L	IMID.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	3.58%	-0.68%
Volatility (6M) Calculated over the trailing 6-month period	4.70%	322.70%	-318.00%
Volatility (1Y) Calculated over the trailing 1-year period	6.89%	96.64%	-89.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	135.35%	44.64%	+90.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	251.59%	35.97%	+215.62%