J13E.L vs. GLTS.L

Last updated Jun 4, 2026

J13E.L (JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc)) and GLTS.L (SPDR Bloomberg 1-5 Year Gilt UCITS ETF) are both European Government Bonds funds - J13E.L tracks the Bloomberg Euro Agg Govt 1-3 Yr TR EUR while GLTS.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 5 years, J13E.L returned 0.73%/yr vs 0.77%/yr for GLTS.L. At a 0.22 correlation, their price movements are largely independent. J13E.L charges 0.10%/yr vs 0.15%/yr for GLTS.L.

Performance

J13E.L vs. GLTS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) (J13E.L) and SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, J13E.L achieves a -1.09% return, which is significantly lower than GLTS.L's 0.16% return.

J13E.L

• 1D: -0.08%
• 1M: 0.23%
• YTD: -1.09%
• 6M: -1.10%
• 1Y: 3.35%
• 3Y*: 2.71%
• 5Y*: 0.73%
• 10Y*: —

GLTS.L

• 1D: -0.15%
• 1M: 0.42%
• YTD: 0.16%
• 6M: 0.34%
• 1Y: 2.70%
• 3Y*: 3.90%
• 5Y*: 0.77%
• 10Y*: 0.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

J13E.L vs. GLTS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
J13E.L JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc)	-1.09%	7.65%	-1.69%	1.45%	0.25%	-7.21%	5.47%	-4.60%	1.22%
GLTS.L SPDR Bloomberg 1-5 Year Gilt UCITS ETF	0.16%	5.40%	1.76%	3.70%	-5.72%	-1.91%	1.77%	1.11%	0.89%

Correlation

The correlation between J13E.L and GLTS.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (All Time) Calculated using the full available price history since Feb 23, 2018	0.22

Return for Risk

J13E.L vs. GLTS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

J13E.L

J13E.L Risk / Return Rank: 23
J13E.L Sharpe Ratio Rank: 24
J13E.L Sortino Ratio Rank: 24
J13E.L Omega Ratio Rank: 22
J13E.L Calmar Ratio Rank: 26
J13E.L Martin Ratio Rank: 22

GLTS.L

GLTS.L Risk / Return Rank: 29
GLTS.L Sharpe Ratio Rank: 31
GLTS.L Sortino Ratio Rank: 30
GLTS.L Omega Ratio Rank: 31
GLTS.L Calmar Ratio Rank: 25
GLTS.L Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

J13E.L vs. GLTS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) (J13E.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.

	J13E.L	GLTS.L	Difference
Sharpe ratio: Return per unit of total volatility	0.80	1.13	-0.33
Sortino ratio: Return per unit of downside risk	1.24	1.64	-0.41
Omega ratio: Gain probability vs. loss probability	1.14	1.21	-0.07
Calmar ratio: Return relative to maximum drawdown	1.21	1.21	0.00
Martin ratio: Return relative to average drawdown	2.73	3.86	-1.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

J13E.L vs. GLTS.L - Sharpe Ratio Comparison

The current J13E.L Sharpe Ratio is 0.80, which is comparable to the GLTS.L Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of J13E.L and GLTS.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	J13E.L	GLTS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	1.13	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	0.24	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.34	-0.33

Drawdowns

J13E.L vs. GLTS.L - Drawdown Comparison

The maximum J13E.L drawdown since its inception was -13.59%, which is greater than GLTS.L's maximum drawdown of -11.18%. Use the drawdown chart below to compare losses from any high point for J13E.L and GLTS.L.

Drawdown Indicators

	J13E.L	GLTS.L	Difference
Max Drawdown Largest peak-to-trough decline	-13.59%	-11.18%	-2.41%
Max Drawdown (1Y) Largest decline over 1 year	-2.76%	-2.22%	-0.54%
Max Drawdown (3Y) Largest decline over 3 years	-3.14%	-2.22%	-0.92%
Max Drawdown (5Y) Largest decline over 5 years	-6.48%	-10.44%	+3.96%
Max Drawdown (10Y) Largest decline over 10 years	—	-11.18%	—
Current Drawdown Current decline from peak	-4.86%	-1.05%	-3.81%
Average Drawdown Average peak-to-trough decline	-7.27%	-1.72%	-5.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.22%	0.70%	+0.52%

Volatility

J13E.L vs. GLTS.L - Volatility Comparison

JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc) (J13E.L) has a higher volatility of 1.23% compared to SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.L) at 0.85%. This indicates that J13E.L's price experiences larger fluctuations and is considered to be riskier than GLTS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	J13E.L	GLTS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.23%	0.85%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	2.88%	2.01%	+0.87%
Volatility (1Y) Calculated over the trailing 1-year period	4.18%	2.39%	+1.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.30%	3.25%	+2.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.28%	2.62%	+3.66%

J13E.L vs. GLTS.L - Expense Ratio Comparison

J13E.L has a 0.10% 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

J13E.L vs. GLTS.L - Dividend Comparison

J13E.L has not paid dividends to shareholders, while GLTS.L's dividend yield for the trailing twelve months is around 3.64%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLTS.L SPDR Bloomberg 1-5 Year Gilt UCITS ETF	3.64%	3.44%	2.74%	1.30%	0.18%	0.13%	0.46%	0.60%	0.39%	0.52%	0.88%	0.98%
J13E.L JPMorgan BetaBuilders EUR Government Bond 1-3 UCITS ETF EUR (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.12%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both J13E.L and GLTS.L in my portfolio?

J13E.L and GLTS.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, J13E.L or GLTS.L?

On fees, J13E.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, J13E.L or GLTS.L?

J13E.L is cheaper with a 0.10% expense ratio, compared with 0.15% for GLTS.L.

What is the main difference between J13E.L and GLTS.L?

J13E.L tracks Bloomberg Euro Agg Govt 1-3 Yr TR EUR, while GLTS.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.10% for J13E.L and 0.15% for GLTS.L.