CRHG.L vs. V3GP.L
CRHG.L (iShares Global Corporate Bond UCITS ETF GBP Hedged (Dist)) and V3GP.L (Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing) are both Global Corporate Bonds funds tracking the Bloomberg Gbl Agg Corp TR Hdg GBP, from iShares and Vanguard respectively. Both are passively managed. Over the past 5 years, CRHG.L returned 0.40%/yr vs 0.47%/yr for V3GP.L. Their correlation of 0.93 suggests significant overlap in exposure. CRHG.L charges 0.25%/yr vs 0.15%/yr for V3GP.L.
Performance
CRHG.L vs. V3GP.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 V3GP.L's 0.59% 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*
- —
V3GP.L
- 1D
- 0.23%
- 1M
- 0.29%
- YTD
- 0.59%
- 6M
- 0.91%
- 1Y
- 4.55%
- 3Y*
- 5.34%
- 5Y*
- 0.47%
- 10Y*
- —
CRHG.L vs. V3GP.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% | 1.08% |
V3GP.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing | 0.59% | 6.20% | 3.56% | 7.64% | -14.57% | 1.05% |
Correlation
The correlation between CRHG.L and V3GP.L is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.93 |
The correlation between CRHG.L and V3GP.L has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.
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Return for Risk
CRHG.L vs. V3GP.L — Risk / Return Rank
CRHG.L
V3GP.L
CRHG.L vs. V3GP.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 Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing (V3GP.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 | V3GP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.63 | +0.13 |
| Martin ratioReturn relative to average drawdown | 5.67 | 5.57 | +0.11 |
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 | V3GP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 1.21 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.09 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.10 | +0.22 |
Drawdowns
CRHG.L vs. V3GP.L - Drawdown Comparison
The maximum CRHG.L drawdown since its inception was -20.54%, roughly equal to the maximum V3GP.L drawdown of -20.15%. Use the drawdown chart below to compare losses from any high point for CRHG.L and V3GP.L.
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Drawdown Indicators
| CRHG.L | V3GP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.54% | -20.15% | -0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -2.67% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -4.31% | -3.83% | -0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -20.54% | -20.15% | -0.39% |
Current DrawdownCurrent decline from peak | -0.75% | -0.64% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -7.78% | +2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.78% | +0.06% |
Volatility
CRHG.L vs. V3GP.L - Volatility Comparison
iShares Global Corporate Bond UCITS ETF GBP Hedged (Dist) (CRHG.L) and Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing (V3GP.L) have volatilities of 1.45% and 1.43%, 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 | V3GP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.43% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 2.80% | +0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.08% | 3.60% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 5.42% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.74% | 5.42% | +0.32% |
CRHG.L vs. V3GP.L - Expense Ratio Comparison
CRHG.L has a 0.25% expense ratio, which is higher than V3GP.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CRHG.L vs. V3GP.L - Dividend Comparison
CRHG.L's dividend yield for the trailing twelve months is around 4.09%, less than V3GP.L's 4.37% yield.
| 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% |
V3GP.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing | 4.37% | 4.43% | 4.36% | 4.10% | 2.48% | 0.71% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CRHG.L and V3GP.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V3GP.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V3GP.L is cheaper with a 0.15% expense ratio, compared with 0.25% for CRHG.L.
Both ETFs track Bloomberg Gbl Agg Corp TR Hdg GBP. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.25% for CRHG.L and 0.15% for V3GP.L.
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