CRPS.L vs. CRPA.L

Last updated Apr 3, 2026

Compare and contrast key facts about iShares Global Corporate Bond UCITS ETF (CRPS.L) and iShares Global Corporate Bond UCITS ETF USD (Acc) (CRPA.L).

CRPS.L and CRPA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CRPS.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Gbl Agg Corp TR USD. It was launched on Sep 24, 2012. CRPA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Gbl Agg Corp TR USD. It was launched on May 10, 2018. Both CRPS.L and CRPA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

CRPS.L vs. CRPA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Global Corporate Bond UCITS ETF (CRPS.L) and iShares Global Corporate Bond UCITS ETF USD (Acc) (CRPA.L). The values are adjusted to include any dividend payments, if applicable.

CRPS.L vs. CRPA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CRPS.L iShares Global Corporate Bond UCITS ETF	-1.48%	0.38%	2.69%	2.88%	-5.90%	-2.68%	6.79%	8.38%	4.72%
CRPA.L iShares Global Corporate Bond UCITS ETF USD (Acc)	0.91%	2.14%	2.88%	3.91%	-6.39%	-2.74%	6.84%	7.29%	5.33%

Different Trading Currencies

CRPS.L is traded in GBP, while CRPA.L is traded in USD. To make them comparable, the CRPA.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, CRPS.L achieves a -1.48% return, which is significantly lower than CRPA.L's 0.91% return.

CRPS.L

• 1D: -24.44%
• 1M: -2.86%
• YTD: -1.48%
• 6M: -1.05%
• 1Y: -0.45%
• 3Y*: 1.33%
• 5Y*: 0.28%
• 10Y*: 2.50%

CRPA.L

• 1D: 0.55%
• 1M: -0.04%
• YTD: 0.91%
• 6M: 1.45%
• 1Y: 4.21%
• 3Y*: 2.89%
• 5Y*: 1.16%
• 10Y*: —

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

CRPS.L vs. CRPA.L - Expense Ratio Comparison

Both CRPS.L and CRPA.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

CRPS.L

iShares Global Corporate Bond UCITS ETF

CRPA.L

iShares Global Corporate Bond UCITS ETF USD (Acc)

Return for Risk

CRPS.L vs. CRPA.L — Risk / Return Rank

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

CRPS.L

CRPS.L Risk / Return Rank: 15
CRPS.L Sharpe Ratio Rank: 11
CRPS.L Sortino Ratio Rank: 14
CRPS.L Omega Ratio Rank: 28
CRPS.L Calmar Ratio Rank: 11
CRPS.L Martin Ratio Rank: 10

CRPA.L

CRPA.L Risk / Return Rank: 52
CRPA.L Sharpe Ratio Rank: 60
CRPA.L Sortino Ratio Rank: 58
CRPA.L Omega Ratio Rank: 51
CRPA.L Calmar Ratio Rank: 46
CRPA.L Martin Ratio Rank: 46

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Global Corporate Bond UCITS ETF (CRPS.L) and iShares Global Corporate Bond UCITS ETF USD (Acc) (CRPA.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.

	CRPS.L	CRPA.L	Difference
Sharpe ratio Return per unit of total volatility	-0.01	0.63	-0.64
Sortino ratio Return per unit of downside risk	0.31	0.93	-0.62
Omega ratio Gain probability vs. loss probability	1.13	1.11	+0.01
Calmar ratio Return relative to maximum drawdown	-0.01	0.92	-0.93
Martin ratio Return relative to average drawdown	-0.10	1.99	-2.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRPS.L vs. CRPA.L - Sharpe Ratio Comparison

The current CRPS.L Sharpe Ratio is -0.01, which is lower than the CRPA.L Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of CRPS.L and CRPA.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CRPS.L	CRPA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.01	0.63	-0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.15	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.29	-0.06

Correlation

The correlation between CRPS.L and CRPA.L is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CRPS.L vs. CRPA.L - Dividend Comparison

Neither CRPS.L nor CRPA.L has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRPS.L iShares Global Corporate Bond UCITS ETF	0.00%	2.08%	3.87%	3.34%	2.55%	2.07%	2.42%	2.75%	2.56%	2.61%	2.45%	2.58%
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%

Drawdowns

CRPS.L vs. CRPA.L - Drawdown Comparison

The maximum CRPS.L drawdown since its inception was -24.44%, which is greater than CRPA.L's maximum drawdown of -15.34%. Use the drawdown chart below to compare losses from any high point for CRPS.L and CRPA.L.

Drawdown Indicators

	CRPS.L	CRPA.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.44%	-25.34%	+0.90%
Max Drawdown (1Y) Largest decline over 1 year	-24.44%	-3.64%	-20.80%
Max Drawdown (5Y) Largest decline over 5 years	-24.44%	-24.86%	+0.42%
Max Drawdown (10Y) Largest decline over 10 years	-24.44%	—	—
Current Drawdown Current decline from peak	-24.44%	-2.88%	-21.56%
Average Drawdown Average peak-to-trough decline	-5.86%	-7.14%	+1.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	1.00%	+1.57%

Volatility

CRPS.L vs. CRPA.L - Volatility Comparison

iShares Global Corporate Bond UCITS ETF (CRPS.L) has a higher volatility of 40.90% compared to iShares Global Corporate Bond UCITS ETF USD (Acc) (CRPA.L) at 2.79%. This indicates that CRPS.L's price experiences larger fluctuations and is considered to be riskier than CRPA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRPS.L	CRPA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	40.90%	2.79%	+38.11%
Volatility (6M) Calculated over the trailing 6-month period	40.21%	4.86%	+35.35%
Volatility (1Y) Calculated over the trailing 1-year period	41.19%	6.70%	+34.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.61%	7.92%	+11.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.46%	8.38%	+7.08%