CRPS.L vs. V3GU.L
CRPS.L (iShares Global Corporate Bond UCITS ETF) and V3GU.L (Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating) are both Global Corporate Bonds funds - CRPS.L tracks the Bloomberg Gbl Agg Corp TR USD while V3GU.L tracks the Bloomberg Gbl Agg Corp 0901 TR Hdg USD. Both are passively managed. Over the past 3 years, CRPS.L returned 1.73%/yr vs 3.02%/yr for V3GU.L. A 0.67 correlation means they provide meaningful diversification when combined. CRPS.L charges 0.20%/yr vs 0.15%/yr for V3GU.L.
Performance
CRPS.L vs. V3GU.L - Performance Comparison
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Different Trading Currencies
CRPS.L is traded in GBP, while V3GU.L is traded in USD. To make them comparable, the V3GU.L 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 V3GU.L's 1.02% 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%
V3GU.L
- 1D
- 0.21%
- 1M
- 1.68%
- YTD
- 1.02%
- 6M
- 0.13%
- 1Y
- 5.55%
- 3Y*
- 3.02%
- 5Y*
- —
- 10Y*
- —
CRPS.L vs. V3GU.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% | 0.57% |
V3GU.L Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating | 0.99% | -1.29% | 5.79% | 3.19% | -4.83% | 3.54% |
Correlation
The correlation between CRPS.L and V3GU.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2021 | 0.67 |
The correlation between CRPS.L and V3GU.L has been stable across timeframes, ranging from 0.67 to 0.76 - a consistent structural relationship.
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Return for Risk
CRPS.L vs. V3GU.L — Risk / Return Rank
CRPS.L
V3GU.L
CRPS.L vs. V3GU.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 Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating (V3GU.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 | V3GU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.16 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 1.07 | -0.77 |
| Martin ratioReturn relative to average drawdown | 0.64 | 2.52 | -1.88 |
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 | V3GU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | 0.86 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | — | — |
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 | 0.18 | +0.20 |
Drawdowns
CRPS.L vs. V3GU.L - Drawdown Comparison
The maximum CRPS.L drawdown since its inception was -15.38%, which is greater than V3GU.L's maximum drawdown of -13.72%. Use the drawdown chart below to compare losses from any high point for CRPS.L and V3GU.L.
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Drawdown Indicators
| CRPS.L | V3GU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.38% | -13.72% | -1.66% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -5.17% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -5.77% | -8.71% | +2.94% |
Max Drawdown (5Y)Largest decline over 5 years | -12.26% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -15.38% | — | — |
Current DrawdownCurrent decline from peak | -7.65% | -2.57% | -5.08% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -5.70% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 2.20% | +0.10% |
Volatility
CRPS.L vs. V3GU.L - Volatility Comparison
The current volatility for iShares Global Corporate Bond UCITS ETF (CRPS.L) is 1.35%, while Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating (V3GU.L) has a volatility of 1.76%. This indicates that CRPS.L experiences smaller price fluctuations and is considered to be less risky than V3GU.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 | V3GU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.76% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 4.46% | 5.09% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.90% | 6.43% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.17% | 9.10% | -1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.49% | 9.10% | -0.61% |
CRPS.L vs. V3GU.L - Expense Ratio Comparison
CRPS.L has a 0.20% expense ratio, which is higher than V3GU.L's 0.15% 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. V3GU.L - Dividend Comparison
Neither CRPS.L nor V3GU.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% |
V3GU.L Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CRPS.L and V3GU.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V3GU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V3GU.L is cheaper with a 0.15% expense ratio, compared with 0.20% for CRPS.L.
CRPS.L tracks Bloomberg Gbl Agg Corp TR USD, while V3GU.L tracks Bloomberg Gbl Agg Corp 0901 TR Hdg USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for CRPS.L and 0.15% for V3GU.L.
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