CRPA.L vs. SPLV

Last updated Jun 5, 2026

CRPA.L (iShares Global Corporate Bond UCITS ETF USD (Acc)) and SPLV (Invesco S&P 500 Low Volatility ETF) are both exchange-traded funds - CRPA.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR USD, while SPLV is a S&P 500 fund tracking the S&P 500 Low Volatility Index. Both are passively managed. Over the past 5 years, CRPA.L returned 0.07%/yr vs 5.84%/yr for SPLV. At a 0.25 correlation, their price movements are largely independent. CRPA.L charges 0.20%/yr vs 0.25%/yr for SPLV.

Performance

CRPA.L vs. SPLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Corporate Bond UCITS ETF USD (Acc) (CRPA.L) and Invesco S&P 500 Low Volatility ETF (SPLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRPA.L achieves a 0.14% return, which is significantly lower than SPLV's 3.82% return.

CRPA.L

• 1D: 0.27%
• 1M: -0.22%
• YTD: 0.14%
• 6M: 0.82%
• 1Y: 4.96%
• 3Y*: 5.87%
• 5Y*: 0.07%
• 10Y*: —

SPLV

• 1D: 1.45%
• 1M: 0.37%
• YTD: 3.82%
• 6M: 4.16%
• 1Y: 3.41%
• 3Y*: 8.53%
• 5Y*: 5.84%
• 10Y*: 8.27%

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

CRPA.L vs. SPLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CRPA.L iShares Global Corporate Bond UCITS ETF USD (Acc)	0.14%	9.97%	1.12%	9.38%	-16.34%	-3.65%	10.07%	11.53%	-0.89%
SPLV Invesco S&P 500 Low Volatility ETF	3.82%	4.10%	13.93%	0.53%	-4.88%	24.13%	-1.39%	27.87%	0.89%

Correlation

The correlation between CRPA.L and SPLV is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (All Time) Calculated using the full available price history since May 15, 2018	0.25

Return for Risk

CRPA.L vs. SPLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CRPA.L

CRPA.L Risk / Return Rank: 26
CRPA.L Sharpe Ratio Rank: 26
CRPA.L Sortino Ratio Rank: 25
CRPA.L Omega Ratio Rank: 24
CRPA.L Calmar Ratio Rank: 27
CRPA.L Martin Ratio Rank: 29

SPLV

SPLV Risk / Return Rank: 14
SPLV Sharpe Ratio Rank: 14
SPLV Sortino Ratio Rank: 14
SPLV Omega Ratio Rank: 13
SPLV Calmar Ratio Rank: 15
SPLV Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CRPA.L vs. SPLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Corporate Bond UCITS ETF USD (Acc) (CRPA.L) and Invesco S&P 500 Low Volatility ETF (SPLV). 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.

	CRPA.L	SPLV	Difference
Sharpe ratio: Return per unit of total volatility	0.92	0.35	+0.57
Sortino ratio: Return per unit of downside risk	1.34	0.56	+0.78
Omega ratio: Gain probability vs. loss probability	1.16	1.06	+0.10
Calmar ratio: Return relative to maximum drawdown	1.28	0.46	+0.82
Martin ratio: Return relative to average drawdown	4.01	1.11	+2.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRPA.L vs. SPLV - Sharpe Ratio Comparison

The current CRPA.L Sharpe Ratio is 0.92, which is higher than the SPLV Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of CRPA.L and SPLV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CRPA.L	SPLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.92	0.35	+0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.47	-0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.69	-0.36

Drawdowns

CRPA.L vs. SPLV - Drawdown Comparison

The maximum CRPA.L drawdown since its inception was -25.34%, smaller than the maximum SPLV drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for CRPA.L and SPLV.

Drawdown Indicators

	CRPA.L	SPLV	Difference
Max Drawdown Largest peak-to-trough decline	-25.34%	-36.26%	+10.92%
Max Drawdown (1Y) Largest decline over 1 year	-3.64%	-7.41%	+3.77%
Max Drawdown (3Y) Largest decline over 3 years	-6.08%	-9.64%	+3.56%
Max Drawdown (5Y) Largest decline over 5 years	-24.86%	-17.26%	-7.60%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.26%	—
Current Drawdown Current decline from peak	-1.82%	-4.61%	+2.79%
Average Drawdown Average peak-to-trough decline	-7.04%	-3.55%	-3.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.16%	3.08%	-1.92%

Volatility

CRPA.L vs. SPLV - Volatility Comparison

The current volatility for iShares Global Corporate Bond UCITS ETF USD (Acc) (CRPA.L) is 1.91%, while Invesco S&P 500 Low Volatility ETF (SPLV) has a volatility of 3.48%. This indicates that CRPA.L experiences smaller price fluctuations and is considered to be less risky than SPLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRPA.L	SPLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.91%	3.48%	-1.57%
Volatility (6M) Calculated over the trailing 6-month period	3.93%	6.96%	-3.03%
Volatility (1Y) Calculated over the trailing 1-year period	5.12%	9.92%	-4.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.77%	12.47%	-5.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.78%	15.37%	-8.59%

CRPA.L vs. SPLV - Expense Ratio Comparison

CRPA.L has a 0.20% expense ratio, which is lower than SPLV'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

CRPA.L vs. SPLV - Dividend Comparison

CRPA.L has not paid dividends to shareholders, while SPLV's dividend yield for the trailing twelve months is around 2.17%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRPA.L iShares Global Corporate Bond UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPLV Invesco S&P 500 Low Volatility ETF	2.17%	2.04%	1.88%	2.45%	2.11%	1.51%	2.12%	2.08%	2.18%	2.03%	2.03%	2.28%

Frequently Asked Questions

Can I hold both CRPA.L and SPLV in my portfolio?

CRPA.L and SPLV have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CRPA.L or SPLV?

On fees, CRPA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CRPA.L or SPLV?

CRPA.L is cheaper with a 0.20% expense ratio, compared with 0.25% for SPLV.

What is the main difference between CRPA.L and SPLV?

CRPA.L is categorized as Global Corporate Bonds, while SPLV is S&P 500. CRPA.L tracks Bloomberg Gbl Agg Corp TR USD, while SPLV tracks S&P 500 Low Volatility Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for CRPA.L and 0.25% for SPLV.