GOVD.L vs. 500U.L
GOVD.L (Lyxor Core Global Government Bond (DR) UCITS ETF - Dist) and 500U.L (Amundi S&P 500 Swap UCITS ETF USD Acc) are both exchange-traded funds - GOVD.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD, while 500U.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, GOVD.L returned -1.56%/yr vs 15.06%/yr for 500U.L. At a correlation of -0.02, they often move in opposite directions. GOVD.L charges 0.09%/yr vs 0.15%/yr for 500U.L.
Performance
GOVD.L vs. 500U.L - Performance Comparison
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Different Trading Currencies
GOVD.L is traded in GBP, while 500U.L is traded in USD. To make them comparable, the 500U.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, GOVD.L achieves a -26.36% return, which is significantly lower than 500U.L's 10.86% return.
GOVD.L
- 1D
- 0.09%
- 1M
- -25.74%
- YTD
- -26.36%
- 6M
- -2.20%
- 1Y
- 0.47%
- 3Y*
- 0.21%
- 5Y*
- -1.56%
- 10Y*
- —
500U.L
- 1D
- -0.02%
- 1M
- 5.47%
- YTD
- 10.86%
- 6M
- 10.47%
- 1Y
- 29.22%
- 3Y*
- 19.23%
- 5Y*
- 15.06%
- 10Y*
- 16.58%
GOVD.L vs. 500U.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GOVD.L Lyxor Core Global Government Bond (DR) UCITS ETF - Dist | -26.36% | 33.30% | 1.30% | -0.61% | -8.32% | -5.61% | -4.31% |
500U.L Amundi S&P 500 Swap UCITS ETF USD Acc | 10.86% | 9.90% | 26.63% | 20.51% | -9.65% | 31.37% | 11.38% |
Correlation
The correlation between GOVD.L and 500U.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2020 | -0.02 |
The correlation between GOVD.L and 500U.L shifts across timeframes, from -0.03 (5 years) to 0.10 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GOVD.L vs. 500U.L — Risk / Return Rank
GOVD.L
500U.L
GOVD.L vs. 500U.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor Core Global Government Bond (DR) UCITS ETF - Dist (GOVD.L) and Amundi S&P 500 Swap UCITS ETF USD Acc (500U.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.
| GOVD.L | 500U.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.45 | ||
| Sortino ratioReturn per unit of downside risk | -1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.45 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | 4.04 | -4.03 |
| Martin ratioReturn relative to average drawdown | 0.03 | 13.58 | -13.55 |
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
| GOVD.L | 500U.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.00 | 2.46 | -2.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 1.00 | -1.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | 1.33 | -1.37 |
Drawdowns
GOVD.L vs. 500U.L - Drawdown Comparison
The maximum GOVD.L drawdown since its inception was -28.26%, which is greater than 500U.L's maximum drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for GOVD.L and 500U.L.
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Drawdown Indicators
| GOVD.L | 500U.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.26% | -26.14% | -2.12% |
Max Drawdown (1Y)Largest decline over 1 year | -28.26% | -7.19% | -21.07% |
Max Drawdown (3Y)Largest decline over 3 years | -28.26% | -20.95% | -7.31% |
Max Drawdown (5Y)Largest decline over 5 years | -28.26% | -20.95% | -7.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.14% | — |
Current DrawdownCurrent decline from peak | -27.56% | -0.15% | -27.41% |
Average DrawdownAverage peak-to-trough decline | -14.81% | -3.62% | -11.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.71% | 2.15% | +12.56% |
Volatility
GOVD.L vs. 500U.L - Volatility Comparison
Lyxor Core Global Government Bond (DR) UCITS ETF - Dist (GOVD.L) has a higher volatility of 79.65% compared to Amundi S&P 500 Swap UCITS ETF USD Acc (500U.L) at 3.50%. This indicates that GOVD.L's price experiences larger fluctuations and is considered to be riskier than 500U.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOVD.L | 500U.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 79.65% | 3.50% | +76.15% |
Volatility (6M)Calculated over the trailing 6-month period | 189.97% | 8.63% | +181.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 193.34% | 11.84% | +181.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.07% | 15.26% | +71.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.35% | 18.56% | +61.79% |
GOVD.L vs. 500U.L - Expense Ratio Comparison
GOVD.L has a 0.09% expense ratio, which is lower than 500U.L's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GOVD.L vs. 500U.L - Dividend Comparison
GOVD.L's dividend yield for the trailing twelve months is around 2.71%, while 500U.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
500U.L Amundi S&P 500 Swap UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GOVD.L Lyxor Core Global Government Bond (DR) UCITS ETF - Dist | 2.71% | 1.99% | 5.59% | 2.06% | 1.54% | 1.67% | 0.65% |
Frequently Asked Questions
GOVD.L and 500U.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GOVD.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GOVD.L is cheaper with a 0.09% expense ratio, compared with 0.15% for 500U.L.
GOVD.L is categorized as Global Bonds, while 500U.L is S&P 500. GOVD.L tracks Bloomberg Global Aggregate TR USD, while 500U.L tracks S&P 500 Index. Their fees differ too: 0.09% for GOVD.L and 0.15% for 500U.L.
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