XMU.TO vs. GLTS.L
XMU.TO (iShares MSCI Min Vol USA Index ETF) and GLTS.L (SPDR Bloomberg 1-5 Year Gilt UCITS ETF) are both exchange-traded funds - XMU.TO is a Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility Index, while GLTS.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 10 years, XMU.TO returned 9.17%/yr vs 0.58%/yr for GLTS.L. At a 0.11 correlation, their price movements are largely independent. XMU.TO charges 0.33%/yr vs 0.15%/yr for GLTS.L.
Performance
XMU.TO vs. GLTS.L - Performance Comparison
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Different Trading Currencies
XMU.TO is traded in CAD, while GLTS.L is traded in GBP. To make them comparable, the GLTS.L values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XMU.TO achieves a 3.85% return, which is significantly higher than GLTS.L's 1.20% return. Over the past 10 years, XMU.TO has outperformed GLTS.L with an annualized return of 9.17%, while GLTS.L has yielded a comparatively lower 0.58% annualized return.
XMU.TO
- 1D
- -0.09%
- 1M
- 4.37%
- YTD
- 3.85%
- 6M
- -1.16%
- 1Y
- 1.98%
- 3Y*
- 10.21%
- 5Y*
- 8.15%
- 10Y*
- 9.17%
GLTS.L
- 1D
- -0.01%
- 1M
- 1.64%
- YTD
- 1.20%
- 6M
- 0.49%
- 1Y
- 3.33%
- 3Y*
- 7.79%
- 5Y*
- 2.56%
- 10Y*
- 0.58%
XMU.TO vs. GLTS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMU.TO iShares MSCI Min Vol USA Index ETF | 3.85% | -0.84% | 21.99% | 6.59% | -3.64% | 16.99% | 2.99% | 20.78% | 9.07% | 10.80% |
GLTS.L SPDR Bloomberg 1-5 Year Gilt UCITS ETF | 1.20% | 8.15% | 8.67% | 6.76% | -9.79% | -3.68% | 3.11% | -0.00% | 2.76% | 1.88% |
Correlation
The correlation between XMU.TO and GLTS.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2012 | 0.11 |
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Return for Risk
XMU.TO vs. GLTS.L — Risk / Return Rank
XMU.TO
GLTS.L
XMU.TO vs. GLTS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Min Vol USA Index ETF (XMU.TO) and SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.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.
| XMU.TO | GLTS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.09 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | 0.88 | -0.62 |
| Martin ratioReturn relative to average drawdown | 0.56 | 2.20 | -1.64 |
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
| XMU.TO | GLTS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 0.52 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.33 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.07 | +0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.22 | +0.76 |
Drawdowns
XMU.TO vs. GLTS.L - Drawdown Comparison
The maximum XMU.TO drawdown since its inception was -27.31%, smaller than the maximum GLTS.L drawdown of -34.21%. Use the drawdown chart below to compare losses from any high point for XMU.TO and GLTS.L.
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Drawdown Indicators
| XMU.TO | GLTS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.31% | -34.21% | +6.90% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -3.77% | -3.94% |
Max Drawdown (3Y)Largest decline over 3 years | -10.98% | -3.98% | -7.00% |
Max Drawdown (5Y)Largest decline over 5 years | -18.16% | -24.57% | +6.41% |
Max Drawdown (10Y)Largest decline over 10 years | -27.31% | -28.10% | +0.79% |
Current DrawdownCurrent decline from peak | -3.95% | -3.48% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -11.99% | +8.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 1.51% | +2.06% |
Volatility
XMU.TO vs. GLTS.L - Volatility Comparison
iShares MSCI Min Vol USA Index ETF (XMU.TO) has a higher volatility of 2.18% compared to SPDR Bloomberg 1-5 Year Gilt UCITS ETF (GLTS.L) at 2.04%. This indicates that XMU.TO's price experiences larger fluctuations and is considered to be riskier than GLTS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMU.TO | GLTS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.18% | 2.04% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 6.86% | 4.59% | +2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.20% | 6.33% | +2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.15% | 7.68% | +3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.97% | 8.60% | +5.37% |
XMU.TO vs. GLTS.L - Expense Ratio Comparison
XMU.TO has a 0.33% expense ratio, which is higher than GLTS.L's 0.15% expense ratio.
Dividends
XMU.TO vs. GLTS.L - Dividend Comparison
XMU.TO's dividend yield for the trailing twelve months is around 1.12%, less than GLTS.L's 3.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLTS.L SPDR Bloomberg 1-5 Year Gilt UCITS ETF | 3.64% | 3.44% | 2.74% | 1.30% | 0.18% | 0.13% | 0.46% | 0.60% | 0.39% | 0.52% | 0.88% | 0.98% |
XMU.TO iShares MSCI Min Vol USA Index ETF | 1.12% | 1.10% | 1.14% | 1.33% | 1.10% | 1.00% | 1.59% | 1.36% | 1.39% | 1.51% | 1.73% | 1.35% |
Frequently Asked Questions
XMU.TO and GLTS.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLTS.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLTS.L is cheaper with a 0.15% expense ratio, compared with 0.33% for XMU.TO.
XMU.TO is categorized as Large Cap Blend Equities, while GLTS.L is European Government Bonds. XMU.TO tracks MSCI USA Minimum Volatility Index, while GLTS.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: iShares and State Street. Their fees differ too: 0.33% for XMU.TO and 0.15% for GLTS.L.
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