CCRP vs. REFA

Last updated Jul 17, 2026

CCRP (Columbia Corporate Bond ETF) and REFA (Columbia Research Enhanced International Equity ETF) are both exchange-traded funds - CCRP is a Corporate Bonds fund actively managed by Columbia Threadneedle, while REFA is a Foreign Large Cap Equities fund tracking the Beta Advantage Research Enhanced International Equity Index. CCRP is actively managed, while REFA is passively managed. A 0.53 correlation means they provide meaningful diversification when combined. CCRP charges 0.18%/yr vs 0.32%/yr for REFA.

Performance

CCRP vs. REFA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Corporate Bond ETF (CCRP) and Columbia Research Enhanced International Equity ETF (REFA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CCRP achieves a 0.06% return, which is significantly lower than REFA's 10.51% return.

CCRP

• 1D: -0.08%
• 1M: -0.86%
• 6M: -0.24%
• YTD: 0.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

REFA

• 1D: -0.65%
• 1M: -0.21%
• 6M: 6.75%
• YTD: 10.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CCRP vs. REFA - Yearly Performance Comparison

	2026 (YTD)	2025
CCRP Columbia Corporate Bond ETF	0.06%	-0.30%
REFA Columbia Research Enhanced International Equity ETF	10.51%	0.33%

Correlation

The correlation between CCRP and REFA is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.53

Return for Risk

CCRP vs. REFA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Corporate Bond ETF (CCRP) and Columbia Research Enhanced International Equity ETF (REFA). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

CCRP vs. REFA - Drawdown Comparison

The maximum CCRP drawdown since its inception was -2.72%, smaller than the maximum REFA drawdown of -11.23%. Use the drawdown chart below to compare losses from any high point for CCRP and REFA.

Drawdown Indicators

	CCRP	REFA	Difference
Max Drawdown Largest peak-to-trough decline	-2.72%	-11.23%	+8.51%
Current Drawdown Current decline from peak	-1.48%	-1.60%	+0.12%
Average Drawdown Average peak-to-trough decline	-0.87%	-2.71%	+1.84%

Volatility

Volatility by Period

	CCRP	REFA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.72%	18.37%	-13.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.72%	18.37%	-13.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.72%	18.37%	-13.65%

CCRP vs. REFA - Expense Ratio Comparison

CCRP has a 0.18% expense ratio, which is lower than REFA's 0.32% expense ratio.

Dividends

CCRP vs. REFA - Dividend Comparison

CCRP's dividend yield for the trailing twelve months is around 2.43%, more than REFA's 0.03% yield.

Position	TTM	2025
CCRP Columbia Corporate Bond ETF	2.43%	0.25%
REFA Columbia Research Enhanced International Equity ETF	0.03%	0.03%

Frequently Asked Questions

Can I hold both CCRP and REFA in my portfolio?

CCRP and REFA have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CCRP or REFA?

On fees, CCRP is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CCRP or REFA?

CCRP is cheaper with a 0.18% expense ratio, compared with 0.32% for REFA.

Which ETF pays a higher dividend yield, CCRP or REFA?

CCRP has the higher dividend yield at 2.43%, compared with 0.03% for REFA.

What is the main difference between CCRP and REFA?

CCRP is categorized as Corporate Bonds, while REFA is Foreign Large Cap Equities. Their fees differ too: 0.18% for CCRP and 0.32% for REFA.