SEGA.L vs. GLTP.L
SEGA.L (iShares Core Euro Government Bond UCITS ETF (Dist)) and GLTP.L (Invesco UK Gilts UCITS ETF Dist) are both European Government Bonds funds - SEGA.L tracks the Bloomberg Euro Agg Govt TR EUR while GLTP.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 5 years, SEGA.L returned -1.91%/yr vs -4.53%/yr for GLTP.L. A 0.57 correlation means they provide meaningful diversification when combined. SEGA.L charges 0.09%/yr vs 0.06%/yr for GLTP.L.
Performance
SEGA.L vs. GLTP.L - Performance Comparison
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Different Trading Currencies
SEGA.L is traded in GBP, while GLTP.L is traded in GBp. To make them comparable, the GLTP.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SEGA.L achieves a -0.12% return, which is significantly lower than GLTP.L's 0.42% return.
SEGA.L
- 1D
- -0.02%
- 1M
- 0.60%
- YTD
- -0.12%
- 6M
- 0.16%
- 1Y
- 2.26%
- 3Y*
- 2.64%
- 5Y*
- -1.91%
- 10Y*
- 0.00%
GLTP.L
- 1D
- -0.11%
- 1M
- 1.68%
- YTD
- 0.42%
- 6M
- 0.76%
- 1Y
- 2.70%
- 3Y*
- 2.73%
- 5Y*
- -4.53%
- 10Y*
- —
SEGA.L vs. GLTP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SEGA.L iShares Core Euro Government Bond UCITS ETF (Dist) | -0.12% | 5.89% | -2.94% | 4.76% | -13.69% | -9.84% | 10.69% | 4.95% |
GLTP.L Invesco UK Gilts UCITS ETF Dist | 0.42% | 5.35% | -4.39% | 3.50% | -24.95% | -5.40% | 8.70% | 5.42% |
Correlation
The correlation between SEGA.L and GLTP.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2019 | 0.57 |
The correlation between SEGA.L and GLTP.L shifts across timeframes, from 0.50 (1 year) to 0.64 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SEGA.L vs. GLTP.L — Risk / Return Rank
SEGA.L
GLTP.L
SEGA.L vs. GLTP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Euro Government Bond UCITS ETF (Dist) (SEGA.L) and Invesco UK Gilts UCITS ETF Dist (GLTP.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.
| SEGA.L | GLTP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.08 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 0.47 | +0.01 |
| Martin ratioReturn relative to average drawdown | 1.03 | 1.19 | -0.17 |
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Drawdowns
SEGA.L vs. GLTP.L - Drawdown Comparison
The maximum SEGA.L drawdown since its inception was -26.74%, smaller than the maximum GLTP.L drawdown of -37.02%. Use the drawdown chart below to compare losses from any high point for SEGA.L and GLTP.L.
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Drawdown Indicators
| SEGA.L | GLTP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.74% | -37.02% | +10.28% |
Max Drawdown (1Y)Largest decline over 1 year | -4.63% | -5.69% | +1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -6.26% | -7.66% | +1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -34.89% | +14.05% |
Max Drawdown (10Y)Largest decline over 10 years | -26.74% | — | — |
Current DrawdownCurrent decline from peak | -18.24% | -27.10% | +8.86% |
Average DrawdownAverage peak-to-trough decline | -9.85% | -18.59% | +8.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 2.26% | -0.06% |
Volatility
SEGA.L vs. GLTP.L - Volatility Comparison
The current volatility for iShares Core Euro Government Bond UCITS ETF (Dist) (SEGA.L) is 1.41%, while Invesco UK Gilts UCITS ETF Dist (GLTP.L) has a volatility of 1.70%. This indicates that SEGA.L experiences smaller price fluctuations and is considered to be less risky than GLTP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEGA.L | GLTP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.70% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 4.19% | 5.29% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.32% | 6.49% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.46% | 10.57% | -3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.21% | 10.19% | -1.98% |
SEGA.L vs. GLTP.L - Expense Ratio Comparison
SEGA.L has a 0.09% expense ratio, which is higher than GLTP.L'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
SEGA.L vs. GLTP.L - Dividend Comparison
SEGA.L's dividend yield for the trailing twelve months is around 2.47%, less than GLTP.L's 4.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLTP.L Invesco UK Gilts UCITS ETF Dist | 4.47% | 4.39% | 4.33% | 3.24% | 1.62% | 0.81% | 0.81% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% |
SEGA.L iShares Core Euro Government Bond UCITS ETF (Dist) | 2.47% | 2.25% | 1.82% | 0.97% | 0.26% | 0.25% | 0.45% | 0.68% | 0.65% | 0.69% | 0.86% | 0.60% |
Frequently Asked Questions
SEGA.L and GLTP.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLTP.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLTP.L is cheaper with a 0.06% expense ratio, compared with 0.09% for SEGA.L.
SEGA.L tracks Bloomberg Euro Agg Govt TR EUR, while GLTP.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.09% for SEGA.L and 0.06% for GLTP.L.
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