CRPS.L vs. SHYU.L
CRPS.L (iShares Global Corporate Bond UCITS ETF) and SHYU.L (iShares $ High Yield Corp Bond UCITS ETF) are both exchange-traded funds - CRPS.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR USD, while SHYU.L is a Corporate Bonds fund tracking the Markit iBoxx USD Liquid High Yield Capped Index. Both are passively managed. Over the past 10 years, CRPS.L returned 2.45%/yr vs 4.84%/yr for SHYU.L. A 0.68 correlation means they provide meaningful diversification when combined. CRPS.L charges 0.20%/yr vs 0.50%/yr for SHYU.L.
Performance
CRPS.L vs. SHYU.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 SHYU.L's -1.70% return. Over the past 10 years, CRPS.L has underperformed SHYU.L with an annualized return of 2.45%, while SHYU.L has yielded a comparatively higher 4.84% 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%
SHYU.L
- 1D
- 0.16%
- 1M
- -0.19%
- YTD
- -1.70%
- 6M
- -1.85%
- 1Y
- 1.64%
- 3Y*
- 2.26%
- 5Y*
- 3.17%
- 10Y*
- 4.84%
CRPS.L vs. SHYU.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% |
SHYU.L iShares $ High Yield Corp Bond UCITS ETF | -1.70% | -4.17% | 8.56% | 4.72% | 2.04% | 4.96% | 1.60% | 9.12% | 4.39% | -3.89% |
Correlation
The correlation between CRPS.L and SHYU.L is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2012 | 0.68 |
The correlation between CRPS.L and SHYU.L has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.
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Return for Risk
CRPS.L vs. SHYU.L — Risk / Return Rank
CRPS.L
SHYU.L
CRPS.L vs. SHYU.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 $ High Yield Corp Bond UCITS ETF (SHYU.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 | SHYU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.05 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 0.25 | +0.05 |
| Martin ratioReturn relative to average drawdown | 0.64 | 0.43 | +0.21 |
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 | SHYU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | 0.24 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.39 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.50 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.59 | -0.21 |
Drawdowns
CRPS.L vs. SHYU.L - Drawdown Comparison
The maximum CRPS.L drawdown since its inception was -15.38%, roughly equal to the maximum SHYU.L drawdown of -15.01%. Use the drawdown chart below to compare losses from any high point for CRPS.L and SHYU.L.
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Drawdown Indicators
| CRPS.L | SHYU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.38% | -15.01% | -0.37% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -6.61% | +1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -5.77% | -11.08% | +5.31% |
Max Drawdown (5Y)Largest decline over 5 years | -12.26% | -11.08% | -1.18% |
Max Drawdown (10Y)Largest decline over 10 years | -15.38% | -15.01% | -0.37% |
Current DrawdownCurrent decline from peak | -7.65% | -9.14% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -4.14% | -1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 3.83% | -1.53% |
Volatility
CRPS.L vs. SHYU.L - Volatility Comparison
The current volatility for iShares Global Corporate Bond UCITS ETF (CRPS.L) is 1.35%, while iShares $ High Yield Corp Bond UCITS ETF (SHYU.L) has a volatility of 1.72%. This indicates that CRPS.L experiences smaller price fluctuations and is considered to be less risky than SHYU.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 | SHYU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.72% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 4.46% | 4.34% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.90% | 6.89% | -0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.17% | 8.13% | -0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.49% | 9.74% | -1.25% |
CRPS.L vs. SHYU.L - Expense Ratio Comparison
CRPS.L has a 0.20% expense ratio, which is lower than SHYU.L's 0.50% expense ratio.
Dividends
CRPS.L vs. SHYU.L - Dividend Comparison
Neither CRPS.L nor SHYU.L has paid dividends to shareholders.
| 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% |
SHYU.L iShares $ High Yield Corp Bond UCITS ETF | 0.00% | 0.00% | 6.32% | 5.76% | 4.82% | 4.27% | 5.16% | 5.58% | 5.52% | 5.74% | 5.16% | 5.87% |
Frequently Asked Questions
CRPS.L and SHYU.L have a correlation of 0.70, 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 0.50% for SHYU.L.
CRPS.L is categorized as Global Corporate Bonds, while SHYU.L is Corporate Bonds. CRPS.L tracks Bloomberg Gbl Agg Corp TR USD, while SHYU.L tracks Markit iBoxx USD Liquid High Yield Capped Index. Their fees differ too: 0.20% for CRPS.L and 0.50% for SHYU.L.
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