IGLT.L vs. TRS5.L
IGLT.L (iShares Core UK Gilts UCITS ETF) and TRS5.L (SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF) are both Government Bonds funds - IGLT.L tracks the FTSE Actuaries UK Conventional Gilts All Stocks Index while TRS5.L tracks the Bloomberg US 3-7 Year Treasury Bond Index. Both are passively managed. Over the past 10 years, IGLT.L returned -1.38%/yr vs 1.06%/yr for TRS5.L. Their 0.30 correlation means their historical movements had little consistent relationship. IGLT.L charges 0.07%/yr vs 0.05%/yr for TRS5.L.
Performance
IGLT.L vs. TRS5.L - Performance Comparison
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Different Trading Currencies
IGLT.L is traded in GBP, while TRS5.L is traded in USD. To make them comparable, the TRS5.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 lower than TRS5.L's 0.39% return. Over the past 10 years, IGLT.L has underperformed TRS5.L with an annualized return of -1.38%, while TRS5.L has yielded a comparatively higher 1.06% 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%
TRS5.L
- 1D
- 0.24%
- 1M
- -1.75%
- 6M
- 2.19%
- YTD
- 0.39%
- 1Y
- 3.23%
- 3Y*
- 2.76%
- 5Y*
- 0.76%
- 10Y*
- 1.06%
- ALL TIME*
- 1.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| £3.50M | £6.04M | £5.78M | |
| £222.78K | £300.17K | £282.90K |
IGLT.L vs. TRS5.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% |
TRS5.L SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | 0.39% | -0.36% | 3.79% | -1.02% | 1.28% | -1.52% | 3.65% | 1.42% | 7.22% | -7.75% |
Correlation
The correlation between IGLT.L and TRS5.L 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. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.25 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.29 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2016 | 0.30 |
Over the past year, the correlation between IGLT.L and TRS5.L has dropped to 0.08 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
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Return for Risk
IGLT.L vs. TRS5.L — Risk / Return Rank
IGLT.L
TRS5.L
IGLT.L vs. TRS5.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 SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (TRS5.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 | TRS5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.10 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 0.67 | -0.39 |
| Martin ratioReturn relative to average drawdown | 0.76 | 1.67 | -0.90 |
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Drawdowns
IGLT.L vs. TRS5.L - Drawdown Comparison
The maximum IGLT.L drawdown since its inception was -35.56%, which is greater than TRS5.L's maximum drawdown of -20.46%. Use the drawdown chart below to compare losses from any high point for IGLT.L and TRS5.L.
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Drawdown Indicators
| IGLT.L | TRS5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.56% | -20.46% | -15.10% |
Max Drawdown (1Y)Largest decline over 1 year | -6.00% | -5.61% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -6.96% | -7.60% | +0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -33.53% | -16.10% | -17.43% |
Max Drawdown (10Y)Largest decline over 10 years | -35.56% | -20.46% | -15.10% |
Current DrawdownCurrent decline from peak | -26.15% | -12.79% | -13.36% |
Average DrawdownAverage peak-to-trough decline | -8.51% | -11.15% | +2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 2.25% | -0.06% |
Volatility
IGLT.L vs. TRS5.L - Volatility Comparison
iShares Core UK Gilts UCITS ETF (IGLT.L) and SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (TRS5.L) have volatilities of 1.68% and 1.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLT.L | TRS5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 1.66% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 6.14% | 5.09% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.94% | 6.54% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.31% | 8.54% | +1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.13% | 8.89% | +0.24% |
IGLT.L vs. TRS5.L - Expense Ratio Comparison
IGLT.L has a 0.07% expense ratio, which is higher than TRS5.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. TRS5.L - Dividend Comparison
IGLT.L's dividend yield for the trailing twelve months is around 4.51%, more than TRS5.L's 3.94% 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% |
TRS5.L SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | 3.94% | 3.68% | 3.24% | 1.97% | 1.12% | 0.98% | 1.66% | 2.13% | 1.66% | 1.40% | 0.47% | 0.00% |
Frequently Asked Questions
IGLT.L and TRS5.L 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.
On fees, TRS5.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRS5.L is cheaper with a 0.05% expense ratio, compared with 0.07% for IGLT.L.
IGLT.L tracks FTSE Actuaries UK Conventional Gilts All Stocks Index, while TRS5.L tracks Bloomberg US 3-7 Year Treasury Bond Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.07% for IGLT.L and 0.05% for TRS5.L.
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