CORP.L vs. CRPU.L
CORP.L (iShares Global Corp Bond UCITS ETF USD (Dist)) and CRPU.L (iShares Global Corporate Bond USD Hedged UCITS ETF) are both Global Corporate Bonds funds from iShares - CORP.L tracks the Bloomberg Global Aggregate Corporate Index (USD) while CRPU.L tracks the Bloomberg Gbl Agg Corp 0901 TR Hdg USD. Both are passively managed. Over the past 5 years, CORP.L returned -0.16%/yr vs 0.62%/yr for CRPU.L. A 0.74 correlation means they provide meaningful diversification when combined. CORP.L charges 0.20%/yr vs 0.25%/yr for CRPU.L.
Performance
CORP.L vs. CRPU.L - Performance Comparison
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Returns By Period
In the year-to-date period, CORP.L achieves a -0.49% return, which is significantly lower than CRPU.L's 0.32% return.
CORP.L
- 1D
- 0.10%
- 1M
- -0.86%
- 6M
- -0.48%
- YTD
- -0.49%
- 1Y
- 3.35%
- 3Y*
- 5.03%
- 5Y*
- -0.16%
- 10Y*
- 1.94%
CRPU.L
- 1D
- 0.00%
- 1M
- -0.79%
- 6M
- -0.00%
- YTD
- 0.32%
- 1Y
- 4.17%
- 3Y*
- 5.39%
- 5Y*
- 0.62%
- 10Y*
- —
CORP.L vs. CRPU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CORP.L iShares Global Corp Bond UCITS ETF USD (Dist) | -0.49% | 9.82% | 1.37% | 8.71% | -16.01% | -3.28% | 9.89% | 11.61% | -3.91% | 1.96% |
CRPU.L iShares Global Corporate Bond USD Hedged UCITS ETF | 0.32% | 6.51% | 3.91% | 8.70% | -14.11% | -1.15% | 7.74% | 12.74% | -1.42% | 1.56% |
Correlation
The correlation between CORP.L and CRPU.L is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2017 | 0.74 |
The correlation between CORP.L and CRPU.L has been stable across timeframes, ranging from 0.74 to 0.82 - a consistent structural relationship.
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Return for Risk
CORP.L vs. CRPU.L — Risk / Return Rank
CORP.L
CRPU.L
CORP.L vs. CRPU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Corp Bond UCITS ETF USD (Dist) (CORP.L) and iShares Global Corporate Bond USD Hedged UCITS ETF (CRPU.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.
| CORP.L | CRPU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.19 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.46 | -0.57 |
| Martin ratioReturn relative to average drawdown | 2.45 | 4.71 | -2.26 |
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Drawdowns
CORP.L vs. CRPU.L - Drawdown Comparison
The maximum CORP.L drawdown since its inception was -25.09%, which is greater than CRPU.L's maximum drawdown of -19.78%. Use the drawdown chart below to compare losses from any high point for CORP.L and CRPU.L.
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Drawdown Indicators
| CORP.L | CRPU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.09% | -19.78% | -5.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -2.85% | -0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -6.07% | -4.29% | -1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -24.80% | -19.78% | -5.02% |
Max Drawdown (10Y)Largest decline over 10 years | -25.09% | — | — |
Current DrawdownCurrent decline from peak | -2.23% | -1.11% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -4.46% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 0.88% | +0.41% |
Volatility
CORP.L vs. CRPU.L - Volatility Comparison
The current volatility for iShares Global Corp Bond UCITS ETF USD (Dist) (CORP.L) is 1.01%, while iShares Global Corporate Bond USD Hedged UCITS ETF (CRPU.L) has a volatility of 1.19%. This indicates that CORP.L experiences smaller price fluctuations and is considered to be less risky than CRPU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CORP.L | CRPU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.19% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.85% | 3.26% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.91% | 4.09% | +0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.98% | 5.98% | +1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.72% | 5.62% | +1.10% |
CORP.L vs. CRPU.L - Expense Ratio Comparison
CORP.L has a 0.20% expense ratio, which is lower than CRPU.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CORP.L vs. CRPU.L - Dividend Comparison
CORP.L's dividend yield for the trailing twelve months is around 4.27%, while CRPU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORP.L iShares Global Corp Bond UCITS ETF USD (Dist) | 4.27% | 4.05% | 3.98% | 3.22% | 2.60% | 2.13% | 2.28% | 2.67% | 2.71% | 2.48% | 2.73% | 2.68% |
CRPU.L iShares Global Corporate Bond USD Hedged UCITS ETF | 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
CORP.L and CRPU.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CORP.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CORP.L is cheaper with a 0.20% expense ratio, compared with 0.25% for CRPU.L.
CORP.L tracks Bloomberg Global Aggregate Corporate Index (USD), while CRPU.L tracks Bloomberg Gbl Agg Corp 0901 TR Hdg USD. Their fees differ too: 0.20% for CORP.L and 0.25% for CRPU.L.
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