CRHG.L vs. FSMP.L
CRHG.L (iShares Global Corporate Bond UCITS ETF GBP Hedged (Dist)) and FSMP.L (Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged)) are both Global Corporate Bonds funds tracking the Bloomberg Gbl Agg Corp TR Hdg GBP, from iShares and Fidelity respectively. Both are passively managed. Over the past 5 years, CRHG.L returned 0.40%/yr vs 0.41%/yr for FSMP.L. Their correlation of 0.86 suggests significant overlap in exposure. CRHG.L charges 0.25%/yr vs 0.30%/yr for FSMP.L.
Performance
CRHG.L vs. FSMP.L - Performance Comparison
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Returns By Period
In the year-to-date period, CRHG.L achieves a 0.72% return, which is significantly higher than FSMP.L's 0.41% return.
CRHG.L
- 1D
- 0.19%
- 1M
- 0.27%
- YTD
- 0.72%
- 6M
- 1.05%
- 1Y
- 4.93%
- 3Y*
- 5.32%
- 5Y*
- 0.40%
- 10Y*
- —
FSMP.L
- 1D
- 0.17%
- 1M
- 0.29%
- YTD
- 0.41%
- 6M
- 0.87%
- 1Y
- 4.62%
- 3Y*
- 5.19%
- 5Y*
- 0.41%
- 10Y*
- —
CRHG.L vs. FSMP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CRHG.L iShares Global Corporate Bond UCITS ETF GBP Hedged (Dist) | 0.72% | 5.84% | 3.84% | 7.67% | -15.04% | 2.23% |
FSMP.L Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged) | 0.41% | 6.37% | 2.95% | 8.01% | -15.03% | 3.48% |
Correlation
The correlation between CRHG.L and FSMP.L is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021 | 0.86 |
The correlation between CRHG.L and FSMP.L has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.
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Return for Risk
CRHG.L vs. FSMP.L — Risk / Return Rank
CRHG.L
FSMP.L
CRHG.L vs. FSMP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Corporate Bond UCITS ETF GBP Hedged (Dist) (CRHG.L) and Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged) (FSMP.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.
| CRHG.L | FSMP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.64 | +0.12 |
| Martin ratioReturn relative to average drawdown | 5.67 | 5.28 | +0.40 |
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
| CRHG.L | FSMP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 1.18 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.07 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.14 | +0.18 |
Drawdowns
CRHG.L vs. FSMP.L - Drawdown Comparison
The maximum CRHG.L drawdown since its inception was -20.54%, roughly equal to the maximum FSMP.L drawdown of -20.12%. Use the drawdown chart below to compare losses from any high point for CRHG.L and FSMP.L.
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Drawdown Indicators
| CRHG.L | FSMP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.54% | -20.12% | -0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -2.75% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -4.31% | -4.39% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -20.54% | -20.12% | -0.42% |
Current DrawdownCurrent decline from peak | -0.75% | -0.63% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -7.68% | +2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.85% | -0.01% |
Volatility
CRHG.L vs. FSMP.L - Volatility Comparison
The current volatility for iShares Global Corporate Bond UCITS ETF GBP Hedged (Dist) (CRHG.L) is 1.45%, while Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged) (FSMP.L) has a volatility of 1.56%. This indicates that CRHG.L experiences smaller price fluctuations and is considered to be less risky than FSMP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRHG.L | FSMP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.56% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 3.03% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.08% | 3.83% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 5.91% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.74% | 5.91% | -0.17% |
CRHG.L vs. FSMP.L - Expense Ratio Comparison
CRHG.L has a 0.25% expense ratio, which is lower than FSMP.L's 0.30% expense ratio.
Dividends
CRHG.L vs. FSMP.L - Dividend Comparison
CRHG.L's dividend yield for the trailing twelve months is around 4.09%, while FSMP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CRHG.L iShares Global Corporate Bond UCITS ETF GBP Hedged (Dist) | 4.09% | 4.01% | 3.76% | 3.18% | 2.70% | 2.02% | 2.27% | 2.66% | 1.27% |
FSMP.L Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CRHG.L and FSMP.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CRHG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CRHG.L is cheaper with a 0.25% expense ratio, compared with 0.30% for FSMP.L.
Both ETFs track Bloomberg Gbl Agg Corp TR Hdg GBP. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.25% for CRHG.L and 0.30% for FSMP.L.
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