IGLS.L vs. GLTS.L
IGLS.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)) and GLTS.L (SPDR Bloomberg 1-5 Year Gilt UCITS ETF) are both European Government Bonds funds tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP, from iShares and State Street respectively. Both are passively managed. Over the past 10 years, IGLS.L returned 0.89%/yr vs 0.65%/yr for GLTS.L. A 0.80 correlation means they provide meaningful diversification when combined. IGLS.L charges 0.07%/yr vs 0.15%/yr for GLTS.L.
Performance
IGLS.L vs. GLTS.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGLS.L achieves a 0.26% return, which is significantly lower than GLTS.L's 0.31% return. Over the past 10 years, IGLS.L has outperformed GLTS.L with an annualized return of 0.89%, while GLTS.L has yielded a comparatively lower 0.65% annualized return.
IGLS.L
- 1D
- 0.08%
- 1M
- 0.69%
- YTD
- 0.26%
- 6M
- 0.63%
- 1Y
- 3.12%
- 3Y*
- 4.24%
- 5Y*
- 1.32%
- 10Y*
- 0.89%
GLTS.L
- 1D
- 0.14%
- 1M
- 0.75%
- YTD
- 0.31%
- 6M
- 0.39%
- 1Y
- 2.99%
- 3Y*
- 4.00%
- 5Y*
- 0.80%
- 10Y*
- 0.65%
IGLS.L vs. GLTS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 0.26% | 5.26% | 2.65% | 4.19% | -4.45% | -1.68% | 1.49% | 1.05% | 0.13% | -0.38% |
GLTS.L SPDR Bloomberg 1-5 Year Gilt UCITS ETF | 0.31% | 5.40% | 1.76% | 3.70% | -5.72% | -1.91% | 1.77% | 1.11% | 0.41% | -0.65% |
Correlation
The correlation between IGLS.L and GLTS.L is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since May 22, 2012 | 0.80 |
The correlation between IGLS.L and GLTS.L shifts across timeframes, from 0.76 (1 year) to 0.88 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGLS.L vs. GLTS.L — Risk / Return Rank
IGLS.L
GLTS.L
IGLS.L vs. GLTS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) and SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.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.
| IGLS.L | GLTS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.23 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.34 | +0.25 |
| Martin ratioReturn relative to average drawdown | 5.45 | 4.26 | +1.19 |
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
| IGLS.L | GLTS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.25 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.24 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.25 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.34 | +0.34 |
Drawdowns
IGLS.L vs. GLTS.L - Drawdown Comparison
The maximum IGLS.L drawdown since its inception was -9.54%, smaller than the maximum GLTS.L drawdown of -11.18%. Use the drawdown chart below to compare losses from any high point for IGLS.L and GLTS.L.
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Drawdown Indicators
| IGLS.L | GLTS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.54% | -11.18% | +1.64% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -2.22% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -1.95% | -2.22% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -8.85% | -10.44% | +1.59% |
Max Drawdown (10Y)Largest decline over 10 years | -9.54% | -11.18% | +1.64% |
Current DrawdownCurrent decline from peak | -0.65% | -0.91% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -1.10% | -1.72% | +0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 0.70% | -0.13% |
Volatility
IGLS.L vs. GLTS.L - Volatility Comparison
The current volatility for iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) is 0.77%, while SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.L) has a volatility of 0.84%. This indicates that IGLS.L experiences smaller price fluctuations and is considered to be less risky than GLTS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLS.L | GLTS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 0.84% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.75% | 2.01% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.99% | 2.39% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.67% | 3.25% | -0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.18% | 2.62% | -0.44% |
IGLS.L vs. GLTS.L - Expense Ratio Comparison
IGLS.L has a 0.07% expense ratio, which is lower than GLTS.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
IGLS.L vs. GLTS.L - Dividend Comparison
IGLS.L's dividend yield for the trailing twelve months is around 3.99%, more than GLTS.L's 3.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLTS.L SPDR Bloomberg 1-5 Year Gilt UCITS ETF | 3.63% | 3.44% | 2.74% | 1.30% | 0.18% | 0.13% | 0.46% | 0.60% | 0.39% | 0.52% | 0.88% | 0.98% |
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 3.99% | 3.88% | 3.67% | 1.62% | 0.30% | 0.25% | 0.53% | 0.46% | 0.33% | 0.53% | 0.88% | 0.48% |
Frequently Asked Questions
IGLS.L and GLTS.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGLS.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLS.L is cheaper with a 0.07% expense ratio, compared with 0.15% for GLTS.L.
Both ETFs track FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: iShares and State Street. Their fees differ too: 0.07% for IGLS.L and 0.15% for GLTS.L.
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