VWRP.L vs. GLTL.L
VWRP.L (Vanguard FTSE All-World UCITS ETF (USD) Accumulating) and GLTL.L (SPDR Bloomberg 15+ Year Gilt UCITS ETF) are both exchange-traded funds - VWRP.L is a Global Equities fund tracking the FTSE All-World Index, while GLTL.L is a European Government Bonds fund tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 5 years, VWRP.L returned 12.03%/yr vs -11.18%/yr for GLTL.L. At a correlation of -0.03, they often move in opposite directions. VWRP.L charges 0.22%/yr vs 0.15%/yr for GLTL.L.
Performance
VWRP.L vs. GLTL.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VWRP.L achieves a 10.34% return, which is significantly higher than GLTL.L's -4.08% return.
VWRP.L
- 1D
- -0.27%
- 1M
- 2.31%
- YTD
- 10.34%
- 6M
- 10.53%
- 1Y
- 27.49%
- 3Y*
- 17.73%
- 5Y*
- 12.03%
- 10Y*
- —
GLTL.L
- 1D
- -0.47%
- 1M
- -0.24%
- YTD
- -4.08%
- 6M
- -3.52%
- 1Y
- -0.16%
- 3Y*
- -1.22%
- 5Y*
- -11.18%
- 10Y*
- -3.77%
VWRP.L vs. GLTL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWRP.L Vanguard FTSE All-World UCITS ETF (USD) Accumulating | 10.34% | 13.94% | 19.60% | 15.64% | -8.41% | 20.00% | 12.27% | 1.72% |
GLTL.L SPDR Bloomberg 15+ Year Gilt UCITS ETF | -4.08% | 3.15% | -10.47% | 1.26% | -40.67% | -6.58% | 13.61% | 0.19% |
Correlation
The correlation between VWRP.L and GLTL.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019 | -0.03 |
The correlation between VWRP.L and GLTL.L shifts across timeframes, from -0.03 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VWRP.L vs. GLTL.L — Risk / Return Rank
VWRP.L
GLTL.L
VWRP.L vs. GLTL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.L) and SPDR Bloomberg 15+ Year Gilt UCITS ETF (GLTL.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.
| VWRP.L | GLTL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.63 | ||
| Sortino ratioReturn per unit of downside risk | +3.54 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.01 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | -0.01 | +3.87 |
| Martin ratioReturn relative to average drawdown | 15.62 | -0.04 | +15.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VWRP.L | GLTL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.62 | -0.01 | +2.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | -0.57 | +1.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | -0.03 | +0.83 |
Drawdowns
VWRP.L vs. GLTL.L - Drawdown Comparison
The maximum VWRP.L drawdown since its inception was -25.10%, smaller than the maximum GLTL.L drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for VWRP.L and GLTL.L.
Loading charts...
Drawdown Indicators
| VWRP.L | GLTL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.10% | -55.18% | +30.08% |
Max Drawdown (1Y)Largest decline over 1 year | -7.10% | -10.86% | +3.76% |
Max Drawdown (3Y)Largest decline over 3 years | -17.64% | -16.55% | -1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -17.64% | -52.99% | +35.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.18% | — |
Current DrawdownCurrent decline from peak | -1.87% | -52.32% | +50.45% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -19.02% | +15.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 4.33% | -2.57% |
Volatility
VWRP.L vs. GLTL.L - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.L) is 3.00%, while SPDR Bloomberg 15+ Year Gilt UCITS ETF (GLTL.L) has a volatility of 5.00%. This indicates that VWRP.L experiences smaller price fluctuations and is considered to be less risky than GLTL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VWRP.L | GLTL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 5.00% | -2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 7.75% | 9.63% | -1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.47% | 12.52% | -2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.88% | 19.66% | -6.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.95% | 16.96% | -2.01% |
VWRP.L vs. GLTL.L - Expense Ratio Comparison
VWRP.L has a 0.22% expense ratio, which is higher than GLTL.L's 0.15% 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
VWRP.L vs. GLTL.L - Dividend Comparison
VWRP.L has not paid dividends to shareholders, while GLTL.L's dividend yield for the trailing twelve months is around 5.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLTL.L SPDR Bloomberg 15+ Year Gilt UCITS ETF | 5.15% | 4.77% | 4.39% | 2.97% | 1.63% | 0.87% | 1.01% | 1.43% | 1.55% | 1.86% | 1.99% | 2.51% |
VWRP.L Vanguard FTSE All-World UCITS ETF (USD) Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VWRP.L and GLTL.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLTL.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLTL.L is cheaper with a 0.15% expense ratio, compared with 0.22% for VWRP.L.
VWRP.L is categorized as Global Equities, while GLTL.L is European Government Bonds. VWRP.L tracks FTSE All-World Index, while GLTL.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.22% for VWRP.L and 0.15% for GLTL.L.
Find the right allocation for VWRP.L and GLTL.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer