XGLE.L vs. GLTA.L
XGLE.L (Xtrackers Eurozone Government Bond UCITS ETF 1C) and GLTA.L (Invesco UK Gilts UCITS ETF Acc) are both European Government Bonds funds - XGLE.L tracks the Bloomberg Euro Agg Govt TR EUR while GLTA.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 5 years, XGLE.L returned -2.30%/yr vs -4.93%/yr for GLTA.L. A 0.67 correlation means they provide meaningful diversification when combined. XGLE.L charges 0.15%/yr vs 0.06%/yr for GLTA.L.
Performance
XGLE.L vs. GLTA.L - Performance Comparison
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Different Trading Currencies
XGLE.L is traded in EUR, while GLTA.L is traded in GBp. To make them comparable, the GLTA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
XGLE.L
- 1D
- -0.44%
- 1M
- 0.30%
- YTD
- -0.00%
- 6M
- -0.24%
- 1Y
- -0.20%
- 3Y*
- 2.18%
- 5Y*
- -2.30%
- 10Y*
- -0.38%
GLTA.L
- 1D
- -0.56%
- 1M
- 1.32%
- YTD
- -0.43%
- 6M
- -0.48%
- 1Y
- -0.86%
- 3Y*
- 1.79%
- 5Y*
- -4.93%
- 10Y*
- —
XGLE.L vs. GLTA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XGLE.L Xtrackers Eurozone Government Bond UCITS ETF 1C | -0.00% | 0.57% | 1.68% | 6.80% | -18.23% | -3.63% | 4.76% | 2.16% |
GLTA.L Invesco UK Gilts UCITS ETF Acc | -0.43% | -0.49% | 0.45% | 5.72% | -29.01% | 1.00% | 2.81% | 6.93% |
Correlation
The correlation between XGLE.L and GLTA.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2019 | 0.67 |
The correlation between XGLE.L and GLTA.L has been stable across timeframes, ranging from 0.66 to 0.73 - a consistent structural relationship.
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Return for Risk
XGLE.L vs. GLTA.L — Risk / Return Rank
XGLE.L
GLTA.L
XGLE.L vs. GLTA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.L) and Invesco UK Gilts UCITS ETF Acc (GLTA.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.
| XGLE.L | GLTA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.99 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | -0.12 | +0.06 |
| Martin ratioReturn relative to average drawdown | -0.15 | -0.28 | +0.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XGLE.L | GLTA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | -0.08 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | -0.40 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | -0.22 | +0.63 |
Drawdowns
XGLE.L vs. GLTA.L - Drawdown Comparison
The maximum XGLE.L drawdown since its inception was -22.56%, smaller than the maximum GLTA.L drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for XGLE.L and GLTA.L.
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Drawdown Indicators
| XGLE.L | GLTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.56% | -38.48% | +15.92% |
Max Drawdown (1Y)Largest decline over 1 year | -3.54% | -5.29% | +1.75% |
Max Drawdown (3Y)Largest decline over 3 years | -3.99% | -8.58% | +4.59% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -38.02% | +16.40% |
Max Drawdown (10Y)Largest decline over 10 years | -22.56% | — | — |
Current DrawdownCurrent decline from peak | -14.25% | -27.80% | +13.55% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -18.22% | +11.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 2.27% | -0.90% |
Volatility
XGLE.L vs. GLTA.L - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.L) is 1.72%, while Invesco UK Gilts UCITS ETF Acc (GLTA.L) has a volatility of 3.22%. This indicates that XGLE.L experiences smaller price fluctuations and is considered to be less risky than GLTA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGLE.L | GLTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 3.22% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 3.54% | 5.92% | -2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 7.92% | -3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 12.17% | -5.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 12.22% | -6.88% |
XGLE.L vs. GLTA.L - Expense Ratio Comparison
XGLE.L has a 0.15% expense ratio, which is higher than GLTA.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
XGLE.L vs. GLTA.L - Dividend Comparison
Neither XGLE.L nor GLTA.L has paid dividends to shareholders.
Frequently Asked Questions
XGLE.L and GLTA.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLTA.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLTA.L is cheaper with a 0.06% expense ratio, compared with 0.15% for XGLE.L.
XGLE.L tracks Bloomberg Euro Agg Govt TR EUR, while GLTA.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: DWS and Invesco. Their fees differ too: 0.15% for XGLE.L and 0.06% for GLTA.L.
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