SWSBX vs. IGLT.L
SWSBX (Schwab Short-Term Bond Index Fund) and IGLT.L (iShares Core UK Gilts UCITS ETF) are both funds - SWSBX is a Short-Term Bond fund tracking the Bloomberg US Government/Credit 1-5 Year Index, while IGLT.L is a Government Bonds fund tracking the FTSE Actuaries UK Conventional Gilts All Stocks Index. Both are passively managed. Over the past 5 years, SWSBX returned 1.30%/yr vs -5.13%/yr for IGLT.L. At a 0.46 correlation, their price movements are largely independent. SWSBX charges 0.06%/yr vs 0.07%/yr for IGLT.L.
Performance
SWSBX vs. IGLT.L - Performance Comparison
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Different Trading Currencies
SWSBX is traded in USD, while IGLT.L is traded in GBP. To make them comparable, the IGLT.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SWSBX achieves a 0.13% return, which is significantly higher than IGLT.L's -1.85% return.
SWSBX
- 1D
- 0.10%
- 1M
- 0.24%
- YTD
- 0.13%
- 6M
- 0.49%
- 1Y
- 3.32%
- 3Y*
- 4.19%
- 5Y*
- 1.30%
- 10Y*
- —
IGLT.L
- 1D
- -0.43%
- 1M
- 2.03%
- YTD
- -1.85%
- 6M
- -1.14%
- 1Y
- 0.45%
- 3Y*
- 3.99%
- 5Y*
- -5.13%
- 10Y*
- -1.82%
SWSBX vs. IGLT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWSBX Schwab Short-Term Bond Index Fund | 0.13% | 6.06% | 3.42% | 3.95% | -5.89% | -1.28% | 4.47% | 4.96% | 1.34% | 0.85% |
IGLT.L iShares Core UK Gilts UCITS ETF | -1.85% | 12.60% | -4.95% | 9.08% | -31.89% | -5.86% | 11.37% | 10.96% | -5.12% | 10.40% |
Correlation
The correlation between SWSBX and IGLT.L is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2017 | 0.46 |
The correlation between SWSBX and IGLT.L has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.
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Return for Risk
SWSBX vs. IGLT.L — Risk / Return Rank
SWSBX
IGLT.L
SWSBX vs. IGLT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Short-Term Bond Index Fund (SWSBX) and iShares Core UK Gilts UCITS ETF (IGLT.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.
| SWSBX | IGLT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.02 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 0.08 | +2.15 |
| Martin ratioReturn relative to average drawdown | 6.87 | 0.16 | +6.71 |
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Drawdowns
SWSBX vs. IGLT.L - Drawdown Comparison
The maximum SWSBX drawdown since its inception was -9.06%, smaller than the maximum IGLT.L drawdown of -48.48%. Use the drawdown chart below to compare losses from any high point for SWSBX and IGLT.L.
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Drawdown Indicators
| SWSBX | IGLT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.06% | -48.48% | +39.42% |
Max Drawdown (1Y)Largest decline over 1 year | -1.54% | -6.78% | +5.24% |
Max Drawdown (3Y)Largest decline over 3 years | -1.79% | -14.17% | +12.38% |
Max Drawdown (5Y)Largest decline over 5 years | -9.06% | -48.32% | +39.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.48% | — |
Current DrawdownCurrent decline from peak | -0.84% | -26.54% | +25.70% |
Average DrawdownAverage peak-to-trough decline | -1.79% | -12.02% | +10.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 3.21% | -2.71% |
Volatility
SWSBX vs. IGLT.L - Volatility Comparison
The current volatility for Schwab Short-Term Bond Index Fund (SWSBX) is 0.72%, while iShares Core UK Gilts UCITS ETF (IGLT.L) has a volatility of 4.17%. This indicates that SWSBX experiences smaller price fluctuations and is considered to be less risky than IGLT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWSBX | IGLT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 4.17% | -3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 1.68% | 8.39% | -6.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.23% | 10.64% | -8.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.99% | 14.34% | -11.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.47% | 13.01% | -10.54% |
SWSBX vs. IGLT.L - Expense Ratio Comparison
SWSBX has a 0.06% expense ratio, which is lower than IGLT.L's 0.07% 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
SWSBX vs. IGLT.L - Dividend Comparison
SWSBX's dividend yield for the trailing twelve months is around 4.14%, less than IGLT.L's 4.47% yield.
| 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% |
SWSBX Schwab Short-Term Bond Index Fund | 4.14% | 4.09% | 3.66% | 2.36% | 1.11% | 0.97% | 1.82% | 2.41% | 2.12% | 1.56% | 0.00% | 0.00% |
Frequently Asked Questions
SWSBX and IGLT.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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