CRPS.L vs. GDX
CRPS.L (iShares Global Corporate Bond UCITS ETF) and GDX (VanEck Gold Miners ETF) are both exchange-traded funds - CRPS.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR USD, while GDX is a Gold fund tracking the NYSE MarketVector Global Gold Miners Index. Both are passively managed. Over the past 10 years, CRPS.L returned 2.45%/yr vs 14.21%/yr for GDX. At a 0.08 correlation, their price movements are largely independent. CRPS.L charges 0.20%/yr vs 0.51%/yr for GDX.
Performance
CRPS.L vs. GDX - Performance Comparison
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Different Trading Currencies
CRPS.L is traded in GBP, while GDX is traded in USD. To make them comparable, the GDX 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 higher than GDX's -7.16% return. Over the past 10 years, CRPS.L has underperformed GDX with an annualized return of 2.45%, while GDX has yielded a comparatively higher 14.21% annualized 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%
GDX
- 1D
- -8.18%
- 1M
- -13.09%
- YTD
- -7.16%
- 6M
- -2.06%
- 1Y
- 52.02%
- 3Y*
- 33.96%
- 5Y*
- 18.32%
- 10Y*
- 14.21%
CRPS.L vs. GDX - 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% |
GDX VanEck Gold Miners ETF | -7.16% | 136.62% | 12.57% | 4.48% | 1.81% | -8.67% | 20.03% | 34.52% | -3.36% | 2.30% |
Correlation
The correlation between CRPS.L and GDX 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 | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2012 | 0.08 |
The correlation between CRPS.L and GDX shifts across timeframes, from -0.05 (1 year) to 0.10 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
CRPS.L vs. GDX — Risk / Return Rank
CRPS.L
GDX
CRPS.L vs. GDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Corporate Bond UCITS ETF (CRPS.L) and VanEck Gold Miners ETF (GDX). 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 | GDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.22 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 1.67 | -1.38 |
| Martin ratioReturn relative to average drawdown | 0.64 | 4.38 | -3.74 |
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 | GDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | 1.18 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.55 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.40 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.18 | +0.20 |
Drawdowns
CRPS.L vs. GDX - Drawdown Comparison
The maximum CRPS.L drawdown since its inception was -15.38%, smaller than the maximum GDX drawdown of -79.06%. Use the drawdown chart below to compare losses from any high point for CRPS.L and GDX.
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Drawdown Indicators
| CRPS.L | GDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.38% | -79.06% | +63.68% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -31.31% | +26.29% |
Max Drawdown (3Y)Largest decline over 3 years | -5.77% | -31.31% | +25.54% |
Max Drawdown (5Y)Largest decline over 5 years | -12.26% | -36.38% | +24.12% |
Max Drawdown (10Y)Largest decline over 10 years | -15.38% | -43.27% | +27.89% |
Current DrawdownCurrent decline from peak | -7.65% | -31.31% | +23.66% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -35.37% | +29.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 11.91% | -9.61% |
Volatility
CRPS.L vs. GDX - Volatility Comparison
The current volatility for iShares Global Corporate Bond UCITS ETF (CRPS.L) is 1.35%, while VanEck Gold Miners ETF (GDX) has a volatility of 14.99%. This indicates that CRPS.L experiences smaller price fluctuations and is considered to be less risky than GDX 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 | GDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 14.99% | -13.64% |
Volatility (6M)Calculated over the trailing 6-month period | 4.46% | 36.54% | -32.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.90% | 44.38% | -38.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.17% | 33.58% | -26.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.49% | 35.62% | -27.13% |
CRPS.L vs. GDX - Expense Ratio Comparison
CRPS.L has a 0.20% expense ratio, which is lower than GDX's 0.51% expense ratio.
Dividends
CRPS.L vs. GDX - Dividend Comparison
CRPS.L has not paid dividends to shareholders, while GDX's dividend yield for the trailing twelve months is around 0.80%.
| 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% |
GDX VanEck Gold Miners ETF | 0.80% | 0.74% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.67% | 0.50% | 0.76% | 0.26% | 0.85% |
Frequently Asked Questions
CRPS.L and GDX 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, 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 0.51% for GDX.
CRPS.L is categorized as Global Corporate Bonds, while GDX is Gold. CRPS.L tracks Bloomberg Gbl Agg Corp TR USD, while GDX tracks NYSE MarketVector Global Gold Miners Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.20% for CRPS.L and 0.51% for GDX.
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