GLTY.L vs. UDVD.L
GLTY.L (SPDR Bloomberg UK Gilt UCITS ETF) and UDVD.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) are both exchange-traded funds - GLTY.L is a European Government Bonds fund tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP, while UDVD.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, GLTY.L returned 283.79%/yr vs 9.64%/yr for UDVD.L. At a correlation of -0.04, they often move in opposite directions. GLTY.L charges 0.15%/yr vs 0.35%/yr for UDVD.L.
Performance
GLTY.L vs. UDVD.L - Performance Comparison
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Different Trading Currencies
GLTY.L is traded in GBP, while UDVD.L is traded in USD. To make them comparable, the UDVD.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 -3.21% return, which is significantly lower than UDVD.L's 6.35% return. Over the past 10 years, GLTY.L has outperformed UDVD.L with an annualized return of 283.79%, while UDVD.L has yielded a comparatively lower 9.64% annualized return.
GLTY.L
- 1D
- -0.55%
- 1M
- 0.71%
- YTD
- -3.21%
- 6M
- -3.32%
- 1Y
- -1.70%
- 3Y*
- 0.59%
- 5Y*
- 73.54%
- 10Y*
- 283.79%
UDVD.L
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 6.35%
- 6M
- 6.26%
- 1Y
- 12.88%
- 3Y*
- 6.68%
- 5Y*
- 6.59%
- 10Y*
- 9.64%
GLTY.L vs. UDVD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLTY.L SPDR Bloomberg UK Gilt UCITS ETF | -3.21% | 3.10% | -4.48% | 279.86% | 158.03% | 169.82% | 413.90% | 596.36% | 632.13% | 2,267.04% |
UDVD.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 7.27% | 0.84% | 9.52% | -3.04% | 11.52% | 26.22% | -2.19% | 18.00% | 1.76% | 5.70% |
Correlation
The correlation between GLTY.L and UDVD.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2012 | -0.04 |
The correlation between GLTY.L and UDVD.L shifts across timeframes, from -0.04 (all time) to 0.21 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GLTY.L vs. UDVD.L — Risk / Return Rank
GLTY.L
UDVD.L
GLTY.L vs. UDVD.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 S&P US Dividend Aristocrats UCITS ETF Dis (UDVD.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 | UDVD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.21 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 1.98 | -2.25 |
| Martin ratioReturn relative to average drawdown | -0.61 | 5.18 | -5.79 |
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
| GLTY.L | UDVD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.24 | 1.19 | -1.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.48 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.12 | 0.60 | +0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.77 | +0.05 |
Drawdowns
GLTY.L vs. UDVD.L - Drawdown Comparison
The maximum GLTY.L drawdown since its inception was -23.61%, smaller than the maximum UDVD.L drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for GLTY.L and UDVD.L.
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Drawdown Indicators
| GLTY.L | UDVD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.61% | -28.19% | +4.58% |
Max Drawdown (1Y)Largest decline over 1 year | -6.40% | -6.47% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -7.96% | -16.57% | +8.61% |
Max Drawdown (5Y)Largest decline over 5 years | -23.61% | -16.57% | -7.04% |
Max Drawdown (10Y)Largest decline over 10 years | -23.61% | -28.19% | +4.58% |
Current DrawdownCurrent decline from peak | -6.57% | -4.23% | -2.34% |
Average DrawdownAverage peak-to-trough decline | -3.92% | -4.22% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.48% | +0.31% |
Volatility
GLTY.L vs. UDVD.L - Volatility Comparison
SPDR Bloomberg UK Gilt UCITS ETF (GLTY.L) and SPDR S&P US Dividend Aristocrats UCITS ETF Dis (UDVD.L) have volatilities of 2.87% and 3.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLTY.L | UDVD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 3.00% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 5.51% | 8.18% | -2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.94% | 10.81% | -3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 135.35% | 13.75% | +121.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 251.64% | 16.06% | +235.58% |
GLTY.L vs. UDVD.L - Expense Ratio Comparison
GLTY.L has a 0.15% expense ratio, which is lower than UDVD.L's 0.35% expense ratio.
Dividends
GLTY.L vs. UDVD.L - Dividend Comparison
GLTY.L has not paid dividends to shareholders, while UDVD.L's dividend yield for the trailing twelve months is around 2.05%.
| Position | 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% |
UDVD.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 2.05% | 2.17% | 2.03% | 2.24% | 2.13% | 2.15% | 2.36% | 2.01% | 2.27% | 1.78% | 1.83% | 2.06% |
Frequently Asked Questions
GLTY.L and UDVD.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLTY.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLTY.L is cheaper with a 0.15% expense ratio, compared with 0.35% for UDVD.L.
GLTY.L is categorized as European Government Bonds, while UDVD.L is Large Cap Blend Equities. GLTY.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while UDVD.L tracks S&P High Yield Dividend Aristocrats Index. Their fees differ too: 0.15% for GLTY.L and 0.35% for UDVD.L.
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