UKG5.L vs. INFR.L
UKG5.L (L&G UK Gilt 0-5 Year UCITS ETF) and INFR.L (iShares Global Infrastructure UCITS ETF USD (Dist)) are both exchange-traded funds - UKG5.L is a European Government Bonds fund tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP, while INFR.L is a Utilities Equities fund tracking the FTSE Global Core Infrastructure Index. Both are passively managed. Over the past 5 years, UKG5.L returned 0.89%/yr vs 7.06%/yr for INFR.L. At a 0.15 correlation, their price movements are largely independent. UKG5.L charges 0.06%/yr vs 0.65%/yr for INFR.L.
Performance
UKG5.L vs. INFR.L - Performance Comparison
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Returns By Period
In the year-to-date period, UKG5.L achieves a -0.95% return, which is significantly lower than INFR.L's 12.43% return.
UKG5.L
- 1D
- 0.05%
- 1M
- -0.02%
- 6M
- -1.42%
- YTD
- -0.95%
- 1Y
- 0.89%
- 3Y*
- 3.88%
- 5Y*
- 0.89%
- 10Y*
- —
INFR.L
- 1D
- -1.01%
- 1M
- 1.36%
- 6M
- 12.20%
- YTD
- 12.43%
- 1Y
- 17.51%
- 3Y*
- 10.71%
- 5Y*
- 7.06%
- 10Y*
- 6.94%
UKG5.L vs. INFR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UKG5.L L&G UK Gilt 0-5 Year UCITS ETF | -0.95% | 5.06% | 2.37% | 3.91% | -4.71% | -1.66% | 0.23% |
INFR.L iShares Global Infrastructure UCITS ETF USD (Dist) | 12.43% | 5.13% | 10.76% | -5.53% | 5.25% | 18.61% | -2.30% |
Correlation
The correlation between UKG5.L and INFR.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020 | 0.15 |
The correlation between UKG5.L and INFR.L shifts across timeframes, from 0.12 (1 year) to 0.23 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
UKG5.L vs. INFR.L — Risk / Return Rank
UKG5.L
INFR.L
UKG5.L vs. INFR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G UK Gilt 0-5 Year UCITS ETF (UKG5.L) and iShares Global Infrastructure UCITS ETF USD (Dist) (INFR.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.
| UKG5.L | INFR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.27 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 3.36 | -3.08 |
| Martin ratioReturn relative to average drawdown | 0.63 | 7.96 | -7.33 |
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Drawdowns
UKG5.L vs. INFR.L - Drawdown Comparison
The maximum UKG5.L drawdown since its inception was -9.62%, smaller than the maximum INFR.L drawdown of -64.87%. Use the drawdown chart below to compare losses from any high point for UKG5.L and INFR.L.
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Drawdown Indicators
| UKG5.L | INFR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.62% | -64.87% | +55.25% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -5.19% | +2.10% |
Max Drawdown (3Y)Largest decline over 3 years | -3.09% | -11.19% | +8.10% |
Max Drawdown (5Y)Largest decline over 5 years | -9.11% | -23.29% | +14.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.75% | — |
Current DrawdownCurrent decline from peak | -1.42% | -2.01% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -2.55% | -24.37% | +21.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 2.20% | -0.79% |
Volatility
UKG5.L vs. INFR.L - Volatility Comparison
The current volatility for L&G UK Gilt 0-5 Year UCITS ETF (UKG5.L) is 0.57%, while iShares Global Infrastructure UCITS ETF USD (Dist) (INFR.L) has a volatility of 3.35%. This indicates that UKG5.L experiences smaller price fluctuations and is considered to be less risky than INFR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UKG5.L | INFR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 3.35% | -2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 2.66% | 9.07% | -6.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.77% | 10.96% | -8.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.67% | 12.33% | -9.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.54% | 13.96% | -11.42% |
UKG5.L vs. INFR.L - Expense Ratio Comparison
UKG5.L has a 0.06% expense ratio, which is lower than INFR.L's 0.65% expense ratio.
Dividends
UKG5.L vs. INFR.L - Dividend Comparison
UKG5.L's dividend yield for the trailing twelve months is around 1.98%, less than INFR.L's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INFR.L iShares Global Infrastructure UCITS ETF USD (Dist) | 2.04% | 2.25% | 2.32% | 2.43% | 2.05% | 1.89% | 2.21% | 2.15% | 2.27% | 2.72% | 2.57% | 3.09% |
UKG5.L L&G UK Gilt 0-5 Year UCITS ETF | 1.98% | 3.94% | 3.66% | 2.02% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UKG5.L and INFR.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UKG5.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UKG5.L is cheaper with a 0.06% expense ratio, compared with 0.65% for INFR.L.
UKG5.L is categorized as European Government Bonds, while INFR.L is Utilities Equities. UKG5.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while INFR.L tracks FTSE Global Core Infrastructure Index. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.06% for UKG5.L and 0.65% for INFR.L.
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