SPHD vs. GILI.L
SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) and GILI.L (Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist) are both exchange-traded funds - SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index, while GILI.L is a Inflation-Protected Bonds fund tracking the FTSE Actuaries UK Index-Linked Gilts All Stocks. Both are passively managed. Over the past 10 years, SPHD returned 7.65%/yr vs -1.58%/yr for GILI.L. At a 0.11 correlation, their price movements are largely independent. SPHD charges 0.30%/yr vs 0.07%/yr for GILI.L.
Performance
SPHD vs. GILI.L - Performance Comparison
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Different Trading Currencies
SPHD is traded in USD, while GILI.L is traded in GBp. To make them comparable, the GILI.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPHD achieves a 9.74% return, which is significantly higher than GILI.L's -0.07% return. Over the past 10 years, SPHD has outperformed GILI.L with an annualized return of 7.65%, while GILI.L has yielded a comparatively lower -1.58% annualized return.
SPHD
- 1D
- 1.10%
- 1M
- 4.61%
- YTD
- 9.74%
- 6M
- 9.46%
- 1Y
- 13.98%
- 3Y*
- 12.34%
- 5Y*
- 6.47%
- 10Y*
- 7.65%
GILI.L
- 1D
- 0.15%
- 1M
- 0.35%
- YTD
- -0.07%
- 6M
- 0.87%
- 1Y
- 1.22%
- 3Y*
- 1.78%
- 5Y*
- -8.99%
- 10Y*
- -1.58%
SPHD vs. GILI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 9.74% | 3.41% | 18.08% | 1.32% | 0.58% | 24.98% | -9.98% | 20.26% | -6.17% | 11.90% |
GILI.L Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist | -0.07% | 9.61% | -10.32% | 6.06% | -40.65% | 3.25% | 14.21% | 10.65% | -6.03% | 12.03% |
Correlation
The correlation between SPHD and GILI.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2012 | 0.11 |
Over the past year, SPHD and GILI.L have become more correlated (0.31) than their long-term average of 0.11, meaning their price movements have been converging.
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Return for Risk
SPHD vs. GILI.L — Risk / Return Rank
SPHD
GILI.L
SPHD vs. GILI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) and Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist (GILI.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.
| SPHD | GILI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.01 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 0.03 | +1.73 |
| Martin ratioReturn relative to average drawdown | 4.36 | 0.06 | +4.31 |
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Drawdowns
SPHD vs. GILI.L - Drawdown Comparison
The maximum SPHD drawdown since its inception was -41.39%, smaller than the maximum GILI.L drawdown of -59.02%. Use the drawdown chart below to compare losses from any high point for SPHD and GILI.L.
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Drawdown Indicators
| SPHD | GILI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.39% | -59.02% | +17.63% |
Max Drawdown (1Y)Largest decline over 1 year | -7.33% | -7.37% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -13.29% | -18.38% | +5.09% |
Max Drawdown (5Y)Largest decline over 5 years | -19.50% | -59.02% | +39.52% |
Max Drawdown (10Y)Largest decline over 10 years | -41.39% | -59.02% | +17.63% |
Current DrawdownCurrent decline from peak | -0.52% | -41.12% | +40.60% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -14.34% | +9.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 3.61% | -0.65% |
Volatility
SPHD vs. GILI.L - Volatility Comparison
The current volatility for Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) is 3.67%, while Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist (GILI.L) has a volatility of 4.19%. This indicates that SPHD experiences smaller price fluctuations and is considered to be less risky than GILI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPHD | GILI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 4.19% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 7.78% | 8.75% | -0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.23% | 12.19% | -0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.20% | 21.56% | -7.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.65% | 18.91% | -1.26% |
SPHD vs. GILI.L - Expense Ratio Comparison
SPHD has a 0.30% expense ratio, which is higher than GILI.L's 0.07% expense ratio.
Dividends
SPHD vs. GILI.L - Dividend Comparison
SPHD's dividend yield for the trailing twelve months is around 4.40%, more than GILI.L's 0.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GILI.L Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist | 0.68% | 0.68% | 0.65% | 0.50% | 0.46% | 0.29% | 0.28% | 0.33% | 0.35% | 0.38% | 0.79% | 0.00% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.40% | 4.02% | 3.41% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% |
Frequently Asked Questions
SPHD and GILI.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GILI.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GILI.L is cheaper with a 0.07% expense ratio, compared with 0.30% for SPHD.
SPHD is categorized as Dividend, while GILI.L is Inflation-Protected Bonds. SPHD tracks S&P 500 Low Volatility High Dividend Index, while GILI.L tracks FTSE Actuaries UK Index-Linked Gilts All Stocks. They also come from different issuers: Invesco and Lyxor. Their fees differ too: 0.30% for SPHD and 0.07% for GILI.L.
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