CRPS.L vs. FSMG.L
CRPS.L (iShares Global Corporate Bond UCITS ETF) and FSMG.L (Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD) are both Global Corporate Bonds funds tracking the Bloomberg Gbl Agg Corp TR USD, from iShares and Fidelity respectively. Both are passively managed. Over the past 5 years, CRPS.L returned 0.28%/yr vs 1.58%/yr for FSMG.L. Their correlation of 0.89 suggests significant overlap in exposure. CRPS.L charges 0.20%/yr vs 0.25%/yr for FSMG.L.
Performance
CRPS.L vs. FSMG.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 FSMG.L's 0.98% return.
CRPS.L
- 1D
- 0.23%
- 1M
- 0.97%
- YTD
- -1.84%
- 6M
- -2.15%
- 1Y
- 1.82%
- 3Y*
- 1.73%
- 5Y*
- 0.28%
- 10Y*
- 2.45%
FSMG.L
- 1D
- -0.11%
- 1M
- 0.88%
- YTD
- 0.98%
- 6M
- 0.73%
- 1Y
- 6.85%
- 3Y*
- 3.72%
- 5Y*
- 1.58%
- 10Y*
- —
CRPS.L vs. FSMG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CRPS.L iShares Global Corporate Bond UCITS ETF | -1.84% | 0.38% | 2.69% | 2.88% | -5.90% | 3.48% |
FSMG.L Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD | 0.98% | 2.65% | 2.78% | 3.90% | -5.75% | 4.11% |
Correlation
The correlation between CRPS.L and FSMG.L is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021 | 0.89 |
The correlation between CRPS.L and FSMG.L has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.
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Return for Risk
CRPS.L vs. FSMG.L — Risk / Return Rank
CRPS.L
FSMG.L
CRPS.L vs. FSMG.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 Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD (FSMG.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 | FSMG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.22 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 1.63 | -1.34 |
| Martin ratioReturn relative to average drawdown | 0.64 | 3.74 | -3.10 |
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 | FSMG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | 1.19 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.22 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.22 | +0.17 |
Drawdowns
CRPS.L vs. FSMG.L - Drawdown Comparison
The maximum CRPS.L drawdown since its inception was -15.38%, which is greater than FSMG.L's maximum drawdown of -11.66%. Use the drawdown chart below to compare losses from any high point for CRPS.L and FSMG.L.
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Drawdown Indicators
| CRPS.L | FSMG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.38% | -11.66% | -3.72% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -4.12% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -5.77% | -5.52% | -0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -12.26% | -11.66% | -0.60% |
Max Drawdown (10Y)Largest decline over 10 years | -15.38% | — | — |
Current DrawdownCurrent decline from peak | -7.65% | -1.72% | -5.93% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -4.51% | -1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 1.80% | +0.50% |
Volatility
CRPS.L vs. FSMG.L - Volatility Comparison
The current volatility for iShares Global Corporate Bond UCITS ETF (CRPS.L) is 1.35%, while Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD (FSMG.L) has a volatility of 2.37%. This indicates that CRPS.L experiences smaller price fluctuations and is considered to be less risky than FSMG.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 | FSMG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 2.37% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.46% | 4.46% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.90% | 5.67% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.17% | 7.32% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.49% | 7.32% | +1.17% |
CRPS.L vs. FSMG.L - Expense Ratio Comparison
CRPS.L has a 0.20% expense ratio, which is lower than FSMG.L'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
CRPS.L vs. FSMG.L - Dividend Comparison
CRPS.L has not paid dividends to shareholders, while FSMG.L's dividend yield for the trailing twelve months is around 6.04%.
| 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% |
FSMG.L Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD | 6.04% | 4.83% | 5.10% | 4.67% | 2.87% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CRPS.L and FSMG.L have a correlation of 0.82, 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 0.25% for FSMG.L.
Both ETFs track Bloomberg Gbl Agg Corp TR USD. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.20% for CRPS.L and 0.25% for FSMG.L.
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