IGLT.L vs. GILS.L
IGLT.L (iShares Core UK Gilts UCITS ETF) and GILS.L (Amundi Core UK Government Bond UCITS ETF Dist) are both exchange-traded funds - IGLT.L is a Government Bonds fund tracking the FTSE Actuaries UK Conventional Gilts All Stocks Index, while GILS.L is a European Government Bonds fund tracking the FTSE Actuaries UK Conventional Gilts All Stocks Index. Both are passively managed. Over the past 10 years, IGLT.L returned -1.38%/yr vs -26.93%/yr for GILS.L. Their 0.95 correlation means they have historically moved very closely together. IGLT.L charges 0.07%/yr vs 0.05%/yr for GILS.L.
Performance
IGLT.L vs. GILS.L - Performance Comparison
Loading charts...
Different Trading Currencies
IGLT.L is traded in GBP, while GILS.L is traded in GBp. To make them comparable, the GILS.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGLT.L achieves a -1.10% return, which is significantly higher than GILS.L's -95.07% return. Over the past 10 years, IGLT.L has outperformed GILS.L with an annualized return of -1.38%, while GILS.L has yielded a comparatively lower -26.93% annualized return.
IGLT.L
- 1D
- 0.52%
- 1M
- -1.84%
- 6M
- -1.40%
- YTD
- -1.10%
- 1Y
- 1.89%
- 3Y*
- 2.17%
- 5Y*
- -4.97%
- 10Y*
- -1.38%
- ALL TIME*
- 2.25%
GILS.L
- 1D
- -94.97%
- 1M
- -95.09%
- 6M
- -95.07%
- YTD
- -95.07%
- 1Y
- -94.91%
- 3Y*
- -62.37%
- 5Y*
- -47.83%
- 10Y*
- -26.93%
- ALL TIME*
- -16.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| £8.52K | £5.56K | £16.26K | |
| £3.50M | £6.04M | £5.78M |
IGLT.L vs. GILS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLT.L iShares Core UK Gilts UCITS ETF | -1.10% | 4.70% | -3.34% | 3.61% | -23.74% | -5.00% | 8.06% | 6.68% | 0.57% | 1.38% |
GILS.L Amundi Core UK Government Bond UCITS ETF Dist | -95.07% | 4.90% | -3.33% | 3.69% | -23.92% | -5.15% | 8.11% | 6.67% | 0.55% | 1.74% |
Correlation
The correlation between IGLT.L and GILS.L is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2010 | 0.95 |
The correlation between IGLT.L and GILS.L has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGLT.L vs. GILS.L — Risk / Return Rank
IGLT.L
GILS.L
IGLT.L vs. GILS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core UK Gilts UCITS ETF (IGLT.L) and Amundi Core UK Government Bond UCITS ETF Dist (GILS.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IGLT.L | GILS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.29 | +0.76 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | -1.00 | +1.27 |
| Martin ratioReturn relative to average drawdown | 0.76 | -14.82 | +15.59 |
Loading charts...
Drawdowns
IGLT.L vs. GILS.L - Drawdown Comparison
The maximum IGLT.L drawdown since its inception was -35.56%, smaller than the maximum GILS.L drawdown of -96.33%. Use the drawdown chart below to compare losses from any high point for IGLT.L and GILS.L.
Loading charts...
Drawdown Indicators
| IGLT.L | GILS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.56% | -96.33% | +60.77% |
Max Drawdown (1Y)Largest decline over 1 year | -6.00% | -95.19% | +89.19% |
Max Drawdown (3Y)Largest decline over 3 years | -6.96% | -95.19% | +88.23% |
Max Drawdown (5Y)Largest decline over 5 years | -33.53% | -96.20% | +62.67% |
Max Drawdown (10Y)Largest decline over 10 years | -35.56% | -96.33% | +60.77% |
Current DrawdownCurrent decline from peak | -26.15% | -96.33% | +70.18% |
Average DrawdownAverage peak-to-trough decline | -8.51% | -10.06% | +1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 6.41% | -4.22% |
Volatility
IGLT.L vs. GILS.L - Volatility Comparison
The current volatility for iShares Core UK Gilts UCITS ETF (IGLT.L) is 1.68%, while Amundi Core UK Government Bond UCITS ETF Dist (GILS.L) has a volatility of 298.95%. This indicates that IGLT.L experiences smaller price fluctuations and is considered to be less risky than GILS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IGLT.L | GILS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 298.95% | -297.27% |
Volatility (6M)Calculated over the trailing 6-month period | 6.14% | 299.10% | -292.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.94% | 94.80% | -87.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.31% | 43.58% | -33.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.13% | 31.26% | -22.13% |
IGLT.L vs. GILS.L - Expense Ratio Comparison
IGLT.L has a 0.07% expense ratio, which is higher than GILS.L's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IGLT.L vs. GILS.L - Dividend Comparison
IGLT.L's dividend yield for the trailing twelve months is around 4.51%, less than GILS.L's 63.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GILS.L Amundi Core UK Government Bond UCITS ETF Dist | 63.40% | 3.13% | 2.67% | 2.06% | 2.41% | 1.87% | 2.05% | 2.50% | 2.73% | 2.80% | 2.62% | 0.00% |
IGLT.L iShares Core UK Gilts UCITS ETF | 4.51% | 4.26% | 3.69% | 2.40% | 1.32% | 0.79% | 0.95% | 1.24% | 1.31% | 1.30% | 1.88% | 2.05% |
Frequently Asked Questions
With a correlation of 0.92, IGLT.L and GILS.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, GILS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GILS.L is cheaper with a 0.05% expense ratio, compared with 0.07% for IGLT.L.
IGLT.L is categorized as Government Bonds, while GILS.L is European Government Bonds. Both ETFs track FTSE Actuaries UK Conventional Gilts All Stocks Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.07% for IGLT.L and 0.05% for GILS.L.
Find the right allocation for IGLT.L and GILS.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer