CRPS.L vs. EMB
CRPS.L (iShares Global Corporate Bond UCITS ETF) and EMB (iShares J.P. Morgan USD Emerging Markets Bond ETF) are both exchange-traded funds - CRPS.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR USD, while EMB is a Emerging Markets Bonds fund tracking the JPMorgan EMBI Global Core Index. Both are passively managed. Over the past 10 years, CRPS.L returned 2.45%/yr vs 4.06%/yr for EMB. A 0.63 correlation means they provide meaningful diversification when combined. CRPS.L charges 0.20%/yr vs 0.39%/yr for EMB.
Performance
CRPS.L vs. EMB - Performance Comparison
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Different Trading Currencies
CRPS.L is traded in GBP, while EMB is traded in USD. To make them comparable, the EMB 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 -1.84% return, which is significantly lower than EMB's 2.43% return. Over the past 10 years, CRPS.L has underperformed EMB with an annualized return of 2.45%, while EMB has yielded a comparatively higher 4.06% annualized return.
CRPS.L
- 1D
- 0.23%
- 1M
- 1.37%
- YTD
- -1.84%
- 6M
- -2.12%
- 1Y
- 1.48%
- 3Y*
- 1.73%
- 5Y*
- 0.28%
- 10Y*
- 2.45%
EMB
- 1D
- 0.21%
- 1M
- 1.96%
- YTD
- 2.43%
- 6M
- 1.52%
- 1Y
- 12.46%
- 3Y*
- 6.94%
- 5Y*
- 3.00%
- 10Y*
- 4.06%
CRPS.L vs. EMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CRPS.L iShares Global Corporate Bond UCITS ETF | -1.84% | 0.38% | 2.69% | 2.88% | -5.90% | -2.68% | 6.79% | 8.38% | 1.64% | -0.97% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 2.43% | 5.74% | 7.38% | 5.09% | -8.95% | -1.30% | 2.32% | 11.08% | 0.13% | 0.75% |
Correlation
The correlation between CRPS.L and EMB is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2012 | 0.63 |
The correlation between CRPS.L and EMB has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.
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Return for Risk
CRPS.L vs. EMB — Risk / Return Rank
CRPS.L
EMB
CRPS.L vs. EMB - 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 J.P. Morgan USD Emerging Markets Bond ETF (EMB). 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 | EMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.35 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 2.89 | -2.60 |
| Martin ratioReturn relative to average drawdown | 0.64 | 8.75 | -8.11 |
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
| CRPS.L | EMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | 1.91 | -1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.31 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.36 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.55 | -0.16 |
Drawdowns
CRPS.L vs. EMB - Drawdown Comparison
The maximum CRPS.L drawdown since its inception was -15.38%, smaller than the maximum EMB drawdown of -28.68%. Use the drawdown chart below to compare losses from any high point for CRPS.L and EMB.
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Drawdown Indicators
| CRPS.L | EMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.38% | -28.68% | +13.30% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -4.33% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -5.77% | -9.94% | +4.17% |
Max Drawdown (5Y)Largest decline over 5 years | -12.26% | -14.69% | +2.43% |
Max Drawdown (10Y)Largest decline over 10 years | -15.38% | -20.36% | +4.98% |
Current DrawdownCurrent decline from peak | -7.65% | 0.00% | -7.65% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -6.19% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 1.43% | +0.87% |
Volatility
CRPS.L vs. EMB - Volatility Comparison
The current volatility for iShares Global Corporate Bond UCITS ETF (CRPS.L) is 1.35%, while iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) has a volatility of 1.66%. This indicates that CRPS.L experiences smaller price fluctuations and is considered to be less risky than EMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRPS.L | EMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.66% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 4.46% | 5.07% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.90% | 6.56% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.17% | 9.63% | -2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.49% | 11.39% | -2.90% |
CRPS.L vs. EMB - Expense Ratio Comparison
CRPS.L has a 0.20% expense ratio, which is lower than EMB's 0.39% expense ratio.
Dividends
CRPS.L vs. EMB - Dividend Comparison
CRPS.L has not paid dividends to shareholders, while EMB's dividend yield for the trailing twelve months is around 5.04%.
| Position | 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% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 5.04% | 4.98% | 5.46% | 4.74% | 5.04% | 3.89% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% |
Frequently Asked Questions
CRPS.L and EMB have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CRPS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CRPS.L is cheaper with a 0.20% expense ratio, compared with 0.39% for EMB.
CRPS.L is categorized as Global Corporate Bonds, while EMB is Emerging Markets Bonds. CRPS.L tracks Bloomberg Gbl Agg Corp TR USD, while EMB tracks JPMorgan EMBI Global Core Index. Their fees differ too: 0.20% for CRPS.L and 0.39% for EMB.
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