CRPA.L vs. V3GU.L
CRPA.L (iShares Global Corporate Bond UCITS ETF USD (Acc)) and V3GU.L (Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating) are both Global Corporate Bonds funds - CRPA.L tracks the Bloomberg Gbl Agg Corp TR USD while V3GU.L tracks the Bloomberg Gbl Agg Corp 0901 TR Hdg USD. Both are passively managed. Over the past 3 years, CRPA.L returned 5.87%/yr vs 5.68%/yr for V3GU.L. A 0.80 correlation means they provide meaningful diversification when combined. CRPA.L charges 0.20%/yr vs 0.15%/yr for V3GU.L.
Performance
CRPA.L vs. V3GU.L - Performance Comparison
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Returns By Period
In the year-to-date period, CRPA.L achieves a 0.14% return, which is significantly lower than V3GU.L's 0.61% 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*
- —
V3GU.L
- 1D
- 0.21%
- 1M
- 0.28%
- YTD
- 0.61%
- 6M
- 0.97%
- 1Y
- 4.68%
- 3Y*
- 5.68%
- 5Y*
- —
- 10Y*
- —
CRPA.L vs. V3GU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CRPA.L iShares Global Corporate Bond UCITS ETF USD (Acc) | 0.14% | 9.97% | 1.12% | 9.38% | -16.34% | -2.27% |
V3GU.L Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating | 0.61% | 6.28% | 3.97% | 8.61% | -13.25% | -0.93% |
Correlation
The correlation between CRPA.L and V3GU.L is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2021 | 0.80 |
The correlation between CRPA.L and V3GU.L has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.
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Return for Risk
CRPA.L vs. V3GU.L — Risk / Return Rank
CRPA.L
V3GU.L
CRPA.L vs. V3GU.L - 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 Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating (V3GU.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.
| CRPA.L | V3GU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.21 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.68 | -0.40 |
| Martin ratioReturn relative to average drawdown | 4.01 | 5.86 | -1.85 |
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
| CRPA.L | V3GU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.19 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.14 | +0.18 |
Drawdowns
CRPA.L vs. V3GU.L - Drawdown Comparison
The maximum CRPA.L drawdown since its inception was -25.34%, which is greater than V3GU.L's maximum drawdown of -18.89%. Use the drawdown chart below to compare losses from any high point for CRPA.L and V3GU.L.
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Drawdown Indicators
| CRPA.L | V3GU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.34% | -18.89% | -6.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.64% | -2.69% | -0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -6.08% | -3.67% | -2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -24.86% | — | — |
Current DrawdownCurrent decline from peak | -1.82% | -0.58% | -1.24% |
Average DrawdownAverage peak-to-trough decline | -7.04% | -6.79% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.77% | +0.39% |
Volatility
CRPA.L vs. V3GU.L - Volatility Comparison
iShares Global Corporate Bond UCITS ETF USD (Acc) (CRPA.L) has a higher volatility of 1.91% compared to Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating (V3GU.L) at 1.45%. This indicates that CRPA.L's price experiences larger fluctuations and is considered to be riskier than V3GU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRPA.L | V3GU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 1.45% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 3.93% | 2.97% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.12% | 3.80% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.77% | 6.13% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.78% | 6.13% | +0.65% |
CRPA.L vs. V3GU.L - Expense Ratio Comparison
CRPA.L has a 0.20% expense ratio, which is higher than V3GU.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
CRPA.L vs. V3GU.L - Dividend Comparison
Neither CRPA.L nor V3GU.L has paid dividends to shareholders.
Frequently Asked Questions
CRPA.L and V3GU.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V3GU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V3GU.L is cheaper with a 0.15% expense ratio, compared with 0.20% for CRPA.L.
CRPA.L tracks Bloomberg Gbl Agg Corp TR USD, while V3GU.L tracks Bloomberg Gbl Agg Corp 0901 TR Hdg USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for CRPA.L and 0.15% for V3GU.L.
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