CRPS.L vs. ERNS.L
CRPS.L (iShares Global Corporate Bond UCITS ETF) and ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) are both exchange-traded funds - CRPS.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR USD, while ERNS.L is a Ultrashort Bond fund actively managed by iShares. CRPS.L is passively managed, while ERNS.L is actively managed. Over the past 10 years, CRPS.L returned 2.45%/yr vs 2.20%/yr for ERNS.L. At a 0.05 correlation, their price movements are largely independent. CRPS.L charges 0.20%/yr vs 0.09%/yr for ERNS.L.
Performance
CRPS.L vs. ERNS.L - Performance Comparison
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Returns By Period
In the year-to-date period, CRPS.L achieves a -1.84% return, which is significantly lower than ERNS.L's 1.58% return. Over the past 10 years, CRPS.L has outperformed ERNS.L with an annualized return of 2.45%, while ERNS.L has yielded a comparatively lower 2.20% 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%
ERNS.L
- 1D
- 0.06%
- 1M
- 0.37%
- YTD
- 1.58%
- 6M
- 2.00%
- 1Y
- 4.44%
- 3Y*
- 5.11%
- 5Y*
- 3.62%
- 10Y*
- 2.20%
CRPS.L vs. ERNS.L - 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% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 1.58% | 4.84% | 5.54% | 4.76% | 1.54% | 0.13% | 0.77% | 1.27% | 0.58% | 0.57% |
Correlation
The correlation between CRPS.L and ERNS.L is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2013 | 0.05 |
The correlation between CRPS.L and ERNS.L shifts across timeframes, from -0.05 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CRPS.L vs. ERNS.L — Risk / Return Rank
CRPS.L
ERNS.L
CRPS.L vs. ERNS.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 £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.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 | ERNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.05 | ||
| Sortino ratioReturn per unit of downside risk | -9.13 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 2.39 | -1.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 20.38 | -20.08 |
| Martin ratioReturn relative to average drawdown | 0.64 | 108.76 | -108.12 |
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 | ERNS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | 5.30 | -5.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 4.34 | -4.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 2.38 | -2.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 2.23 | -1.84 |
Drawdowns
CRPS.L vs. ERNS.L - Drawdown Comparison
The maximum CRPS.L drawdown since its inception was -15.38%, which is greater than ERNS.L's maximum drawdown of -1.51%. Use the drawdown chart below to compare losses from any high point for CRPS.L and ERNS.L.
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Drawdown Indicators
| CRPS.L | ERNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.38% | -1.51% | -13.87% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -0.22% | -4.80% |
Max Drawdown (3Y)Largest decline over 3 years | -5.77% | -0.22% | -5.55% |
Max Drawdown (5Y)Largest decline over 5 years | -12.26% | -0.36% | -11.90% |
Max Drawdown (10Y)Largest decline over 10 years | -15.38% | -1.51% | -13.87% |
Current DrawdownCurrent decline from peak | -7.65% | 0.00% | -7.65% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -0.05% | -5.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 0.04% | +2.26% |
Volatility
CRPS.L vs. ERNS.L - Volatility Comparison
iShares Global Corporate Bond UCITS ETF (CRPS.L) has a higher volatility of 1.35% compared to iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) at 0.36%. This indicates that CRPS.L's price experiences larger fluctuations and is considered to be riskier than ERNS.L 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 | ERNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 0.36% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 4.46% | 0.68% | +3.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.90% | 0.84% | +5.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.17% | 0.83% | +6.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.49% | 0.92% | +7.57% |
CRPS.L vs. ERNS.L - Expense Ratio Comparison
CRPS.L has a 0.20% expense ratio, which is higher than ERNS.L's 0.09% 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
CRPS.L vs. ERNS.L - Dividend Comparison
CRPS.L has not paid dividends to shareholders, while ERNS.L's dividend yield for the trailing twelve months is around 5.65%.
| 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% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 5.65% | 4.65% | 5.42% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% |
Frequently Asked Questions
CRPS.L and ERNS.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERNS.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERNS.L is cheaper with a 0.09% expense ratio, compared with 0.20% for CRPS.L.
CRPS.L is categorized as Global Corporate Bonds, while ERNS.L is Ultrashort Bond. Their fees differ too: 0.20% for CRPS.L and 0.09% for ERNS.L.
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