GXLF.L vs. CB5.L
GXLF.L (SPDR S&P US Financials Select Sector UCITS ETF) and CB5.L (Amundi ETF MSCI Europe Banks UCITS ETF) are both Financials Equities funds tracking the MSCI World/Financials NR USD, from State Street and Amundi respectively. Both are passively managed. Over the past year, GXLF.L returned 4.61% vs 44.85% for CB5.L. At a 0.39 correlation, their price movements are largely independent. GXLF.L charges 0.15%/yr vs 0.25%/yr for CB5.L.
Performance
GXLF.L vs. CB5.L - Performance Comparison
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Different Trading Currencies
GXLF.L is traded in GBP, while CB5.L is traded in GBp. To make them comparable, the CB5.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, GXLF.L achieves a -4.87% return, which is significantly lower than CB5.L's 6.56% return.
GXLF.L
- 1D
- 3.21%
- 1M
- 2.06%
- YTD
- -4.87%
- 6M
- -2.66%
- 1Y
- 4.61%
- 3Y*
- 15.45%
- 5Y*
- —
- 10Y*
- —
CB5.L
- 1D
- 0.41%
- 1M
- 6.43%
- YTD
- 6.56%
- 6M
- 13.41%
- 1Y
- 44.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GXLF.L vs. CB5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GXLF.L SPDR S&P US Financials Select Sector UCITS ETF | -4.87% | 7.31% | 21.04% |
CB5.L Amundi ETF MSCI Europe Banks UCITS ETF | 6.56% | 83.78% | 6.12% |
Correlation
The correlation between GXLF.L and CB5.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2024 | 0.39 |
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Return for Risk
GXLF.L vs. CB5.L — Risk / Return Rank
GXLF.L
CB5.L
GXLF.L vs. CB5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P US Financials Select Sector UCITS ETF (GXLF.L) and Amundi ETF MSCI Europe Banks UCITS ETF (CB5.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.
| GXLF.L | CB5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.35 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 2.94 | -2.58 |
| Martin ratioReturn relative to average drawdown | 0.84 | 10.36 | -9.52 |
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
| GXLF.L | CB5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 2.09 | -1.76 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 2.03 | -1.52 |
Drawdowns
GXLF.L vs. CB5.L - Drawdown Comparison
The maximum GXLF.L drawdown since its inception was -18.21%, roughly equal to the maximum CB5.L drawdown of -17.55%. Use the drawdown chart below to compare losses from any high point for GXLF.L and CB5.L.
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Drawdown Indicators
| GXLF.L | CB5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.21% | -17.55% | -0.66% |
Max Drawdown (1Y)Largest decline over 1 year | -12.80% | -15.17% | +2.37% |
Max Drawdown (3Y)Largest decline over 3 years | -18.21% | — | — |
Current DrawdownCurrent decline from peak | -6.67% | -1.20% | -5.47% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -2.47% | -3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.48% | 4.32% | +1.16% |
Volatility
GXLF.L vs. CB5.L - Volatility Comparison
The current volatility for SPDR S&P US Financials Select Sector UCITS ETF (GXLF.L) is 4.36%, while Amundi ETF MSCI Europe Banks UCITS ETF (CB5.L) has a volatility of 6.12%. This indicates that GXLF.L experiences smaller price fluctuations and is considered to be less risky than CB5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GXLF.L | CB5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 6.12% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 17.68% | -7.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.08% | 21.41% | -7.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 21.79% | -4.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.99% | 21.79% | -4.80% |
GXLF.L vs. CB5.L - Expense Ratio Comparison
GXLF.L has a 0.15% expense ratio, which is lower than CB5.L's 0.25% 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
GXLF.L vs. CB5.L - Dividend Comparison
Neither GXLF.L nor CB5.L has paid dividends to shareholders.
Frequently Asked Questions
GXLF.L and CB5.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GXLF.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXLF.L is cheaper with a 0.15% expense ratio, compared with 0.25% for CB5.L.
Both ETFs track MSCI World/Financials NR USD. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.15% for GXLF.L and 0.25% for CB5.L.
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