IGLT.L vs. SWSBX
IGLT.L (iShares Core UK Gilts UCITS ETF) and SWSBX (Schwab Short-Term Bond Index Fund) are both funds - IGLT.L is a Government Bonds fund tracking the FTSE Actuaries UK Conventional Gilts All Stocks Index, while SWSBX is a Short-Term Bond fund tracking the Bloomberg US Government/Credit 1-5 Year Index. Both are passively managed. Over the past 5 years, IGLT.L returned -4.97%/yr vs 1.85%/yr for SWSBX. Their 0.17 correlation means their historical movements had little consistent relationship. IGLT.L charges 0.07%/yr vs 0.06%/yr for SWSBX.
Performance
IGLT.L vs. SWSBX - Performance Comparison
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Different Trading Currencies
IGLT.L is traded in GBP, while SWSBX is traded in USD. To make them comparable, the SWSBX 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 lower than SWSBX's 1.13% 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%
SWSBX
- 1D
- 0.35%
- 1M
- -1.28%
- 6M
- 2.62%
- YTD
- 1.13%
- 1Y
- 3.72%
- 3Y*
- 2.80%
- 5Y*
- 1.85%
- 10Y*
- —
- ALL TIME*
- 1.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| £3.50M | £6.04M | £5.78M | |
| £0.00 | £0.00 | £0.00 |
IGLT.L vs. SWSBX - 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% | 1.77% |
SWSBX Schwab Short-Term Bond Index Fund | 1.13% | -1.49% | 5.22% | -1.25% | 5.30% | -0.34% | 1.40% | 0.96% | 7.34% | -6.28% |
Correlation
The correlation between IGLT.L and SWSBX is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2017 | 0.17 |
The correlation between IGLT.L and SWSBX shifts across timeframes, from -0.08 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IGLT.L vs. SWSBX — Risk / Return Rank
IGLT.L
SWSBX
IGLT.L vs. SWSBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core UK Gilts UCITS ETF (IGLT.L) and Schwab Short-Term Bond Index Fund (SWSBX). 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 | SWSBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.14 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 0.87 | -0.59 |
| Martin ratioReturn relative to average drawdown | 0.76 | 2.34 | -1.58 |
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Drawdowns
IGLT.L vs. SWSBX - Drawdown Comparison
The maximum IGLT.L drawdown since its inception was -35.56%, which is greater than SWSBX's maximum drawdown of -16.76%. Use the drawdown chart below to compare losses from any high point for IGLT.L and SWSBX.
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Drawdown Indicators
| IGLT.L | SWSBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.56% | -16.76% | -18.80% |
Max Drawdown (1Y)Largest decline over 1 year | -6.00% | -5.44% | -0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -6.96% | -8.51% | +1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -33.53% | -16.15% | -17.38% |
Max Drawdown (10Y)Largest decline over 10 years | -35.56% | — | — |
Current DrawdownCurrent decline from peak | -26.15% | -7.29% | -18.86% |
Average DrawdownAverage peak-to-trough decline | -8.51% | -8.76% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 2.02% | +0.17% |
Volatility
IGLT.L vs. SWSBX - Volatility Comparison
iShares Core UK Gilts UCITS ETF (IGLT.L) has a higher volatility of 1.68% compared to Schwab Short-Term Bond Index Fund (SWSBX) at 1.57%. This indicates that IGLT.L's price experiences larger fluctuations and is considered to be riskier than SWSBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLT.L | SWSBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 1.57% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 6.14% | 4.84% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.94% | 6.24% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.31% | 8.12% | +2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.13% | 8.40% | +0.73% |
IGLT.L vs. SWSBX - Expense Ratio Comparison
IGLT.L has a 0.07% expense ratio, which is higher than SWSBX's 0.06% 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. SWSBX - Dividend Comparison
IGLT.L's dividend yield for the trailing twelve months is around 4.51%, more than SWSBX's 4.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SWSBX Schwab Short-Term Bond Index Fund | 4.17% | 4.09% | 3.66% | 2.36% | 1.11% | 0.97% | 1.82% | 2.41% | 2.12% | 1.56% | 0.00% | 0.00% |
Frequently Asked Questions
IGLT.L and SWSBX have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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