CRHG.L vs. IGHY.L
CRHG.L (iShares Global Corporate Bond UCITS ETF GBP Hedged (Dist)) and IGHY.L (iShares Global High Yield Corporate Bond UCITS ETF) are both exchange-traded funds - CRHG.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR Hdg GBP, while IGHY.L is a High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 5 years, CRHG.L returned 0.45%/yr vs 4.04%/yr for IGHY.L. At a 0.23 correlation, their price movements are largely independent. CRHG.L charges 0.25%/yr vs 0.50%/yr for IGHY.L.
Performance
CRHG.L vs. IGHY.L - Performance Comparison
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Returns By Period
In the year-to-date period, CRHG.L achieves a 1.44% return, which is significantly lower than IGHY.L's 1.97% return.
CRHG.L
- 1D
- 0.00%
- 1M
- 0.88%
- YTD
- 1.44%
- 6M
- 1.66%
- 1Y
- 5.05%
- 3Y*
- 5.44%
- 5Y*
- 0.45%
- 10Y*
- —
IGHY.L
- 1D
- -0.18%
- 1M
- 1.45%
- YTD
- 1.97%
- 6M
- 2.46%
- 1Y
- 7.50%
- 3Y*
- 7.21%
- 5Y*
- 4.04%
- 10Y*
- 4.73%
CRHG.L vs. IGHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CRHG.L iShares Global Corporate Bond UCITS ETF GBP Hedged (Dist) | 1.44% | 5.74% | 3.83% | 7.85% | -15.07% | -1.52% | 6.05% | 10.95% | -0.56% |
IGHY.L iShares Global High Yield Corporate Bond UCITS ETF | 1.97% | 6.85% | 4.14% | 7.22% | -1.28% | 0.55% | 4.60% | 8.17% | 5.31% |
Correlation
The correlation between CRHG.L and IGHY.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2018 | 0.23 |
The correlation between CRHG.L and IGHY.L shifts across timeframes, from 0.15 (1 year) to 0.26 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CRHG.L vs. IGHY.L — Risk / Return Rank
CRHG.L
IGHY.L
CRHG.L vs. IGHY.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 iShares Global High Yield Corporate Bond UCITS ETF (IGHY.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.
| CRHG.L | IGHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.30 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 3.06 | -1.18 |
| Martin ratioReturn relative to average drawdown | 5.97 | 8.84 | -2.87 |
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Drawdowns
CRHG.L vs. IGHY.L - Drawdown Comparison
The maximum CRHG.L drawdown since its inception was -20.58%, smaller than the maximum IGHY.L drawdown of -37.01%. Use the drawdown chart below to compare losses from any high point for CRHG.L and IGHY.L.
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Drawdown Indicators
| CRHG.L | IGHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.58% | -37.01% | +16.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -2.44% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -4.36% | -3.67% | -0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -20.58% | -9.37% | -11.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.67% | — |
Current DrawdownCurrent decline from peak | -0.07% | -0.18% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -9.96% | +4.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.85% | -0.01% |
Volatility
CRHG.L vs. IGHY.L - Volatility Comparison
iShares Global Corporate Bond UCITS ETF GBP Hedged (Dist) (CRHG.L) and iShares Global High Yield Corporate Bond UCITS ETF (IGHY.L) have volatilities of 1.29% and 1.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRHG.L | IGHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 1.26% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.40% | 3.36% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.24% | 4.57% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.84% | 6.42% | -0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.90% | 8.14% | -2.24% |
CRHG.L vs. IGHY.L - Expense Ratio Comparison
CRHG.L has a 0.25% expense ratio, which is lower than IGHY.L's 0.50% expense ratio.
Dividends
CRHG.L vs. IGHY.L - Dividend Comparison
CRHG.L's dividend yield for the trailing twelve months is around 4.06%, less than IGHY.L's 7.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRHG.L iShares Global Corporate Bond UCITS ETF GBP Hedged (Dist) | 4.06% | 4.01% | 3.76% | 3.18% | 2.70% | 2.02% | 2.27% | 2.66% | 1.27% | 0.00% | 0.00% | 0.00% |
IGHY.L iShares Global High Yield Corporate Bond UCITS ETF | 7.01% | 5.40% | 5.45% | 4.87% | 3.93% | 3.83% | 4.75% | 4.93% | 4.70% | 4.98% | 4.56% | 5.12% |
Frequently Asked Questions
CRHG.L and IGHY.L have a correlation of 0.15, 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 0.50% for IGHY.L.
CRHG.L is categorized as Global Corporate Bonds, while IGHY.L is High Yield Bonds. CRHG.L tracks Bloomberg Gbl Agg Corp TR Hdg GBP, while IGHY.L tracks ICE BofA Gbl HY Constnd TR USD. Their fees differ too: 0.25% for CRHG.L and 0.50% for IGHY.L.
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