IGLT.L vs. USSC.L
IGLT.L (iShares Core UK Gilts UCITS ETF) and USSC.L (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - IGLT.L is a Government Bonds fund tracking the FTSE Actuaries UK Conventional Gilts All Stocks Index, while USSC.L is a Small Cap Value Equities fund tracking the MSCI USA Small Cap Value Weighted Index. Both are passively managed. Over the past 10 years, IGLT.L returned -0.82%/yr vs 13.26%/yr for USSC.L. At a correlation of -0.08, they often move in opposite directions. IGLT.L charges 0.07%/yr vs 0.30%/yr for USSC.L.
Performance
IGLT.L vs. USSC.L - Performance Comparison
Loading charts...
Different Trading Currencies
IGLT.L is traded in GBP, while USSC.L is traded in USD. To make them comparable, the USSC.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 -0.17% return, which is significantly lower than USSC.L's 17.14% return. Over the past 10 years, IGLT.L has underperformed USSC.L with an annualized return of -0.82%, while USSC.L has yielded a comparatively higher 13.26% annualized return.
IGLT.L
- 1D
- -0.62%
- 1M
- 3.59%
- YTD
- -0.17%
- 6M
- -0.07%
- 1Y
- 2.12%
- 3Y*
- 2.76%
- 5Y*
- -4.33%
- 10Y*
- -0.82%
USSC.L
- 1D
- -0.11%
- 1M
- 6.15%
- YTD
- 17.14%
- 6M
- 15.90%
- 1Y
- 38.58%
- 3Y*
- 17.44%
- 5Y*
- 11.75%
- 10Y*
- 13.26%
IGLT.L vs. USSC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLT.L iShares Core UK Gilts UCITS ETF | -0.17% | 4.70% | -3.34% | 3.61% | -23.74% | -5.00% | 8.06% | 6.68% | 0.57% | 1.38% |
USSC.L SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 17.14% | 6.55% | 10.22% | 17.02% | 0.54% | 36.50% | 5.57% | 18.48% | -10.28% | 0.31% |
Correlation
The correlation between IGLT.L and USSC.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | -0.08 |
The correlation between IGLT.L and USSC.L shifts across timeframes, from -0.08 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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. USSC.L — Risk / Return Rank
IGLT.L
USSC.L
IGLT.L vs. USSC.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 MSCI USA Small Cap Value Weighted UCITS ETF (USSC.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 | USSC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.02 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.46 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 5.69 | -5.31 |
| Martin ratioReturn relative to average drawdown | 1.12 | 19.26 | -18.14 |
Loading charts...
Drawdowns
IGLT.L vs. USSC.L - Drawdown Comparison
The maximum IGLT.L drawdown since its inception was -35.56%, smaller than the maximum USSC.L drawdown of -43.40%. Use the drawdown chart below to compare losses from any high point for IGLT.L and USSC.L.
Loading charts...
Drawdown Indicators
| IGLT.L | USSC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.56% | -43.40% | +7.84% |
Max Drawdown (1Y)Largest decline over 1 year | -6.00% | -7.13% | +1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -6.96% | -28.91% | +21.95% |
Max Drawdown (5Y)Largest decline over 5 years | -33.53% | -28.91% | -4.62% |
Max Drawdown (10Y)Largest decline over 10 years | -35.56% | -43.40% | +7.84% |
Current DrawdownCurrent decline from peak | -25.45% | -0.64% | -24.81% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -7.91% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 2.11% | -0.04% |
Volatility
IGLT.L vs. USSC.L - Volatility Comparison
iShares Core UK Gilts UCITS ETF (IGLT.L) has a higher volatility of 3.95% compared to SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC.L) at 3.57%. This indicates that IGLT.L's price experiences larger fluctuations and is considered to be riskier than USSC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IGLT.L | USSC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 3.57% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 5.98% | 10.37% | -4.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.98% | 15.71% | -8.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.33% | 20.58% | -10.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.19% | 22.14% | -12.95% |
IGLT.L vs. USSC.L - Expense Ratio Comparison
IGLT.L has a 0.07% expense ratio, which is lower than USSC.L's 0.30% expense ratio.
Dividends
IGLT.L vs. USSC.L - Dividend Comparison
IGLT.L's dividend yield for the trailing twelve months is around 4.47%, while USSC.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLT.L iShares Core UK Gilts UCITS ETF | 4.47% | 4.26% | 3.69% | 2.40% | 1.32% | 0.79% | 0.95% | 1.24% | 1.31% | 1.30% | 1.88% | 2.05% |
USSC.L SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGLT.L and USSC.L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGLT.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLT.L is cheaper with a 0.07% expense ratio, compared with 0.30% for USSC.L.
IGLT.L is categorized as Government Bonds, while USSC.L is Small Cap Value Equities. IGLT.L tracks FTSE Actuaries UK Conventional Gilts All Stocks Index, while USSC.L tracks MSCI USA Small Cap Value Weighted Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.07% for IGLT.L and 0.30% for USSC.L.
Find the right allocation for IGLT.L and USSC.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