CRPU.L vs. CRHG.L
CRPU.L (iShares Global Corporate Bond USD Hedged UCITS ETF) and CRHG.L (iShares Global Corporate Bond UCITS ETF GBP Hedged (Dist)) are both Global Corporate Bonds funds from iShares - CRPU.L tracks the Bloomberg Gbl Agg Corp 0901 TR Hdg USD while CRHG.L tracks the Bloomberg Gbl Agg Corp TR Hdg GBP. Both are passively managed. Over the past 5 years, CRPU.L returned 0.98%/yr vs -0.66%/yr for CRHG.L. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
CRPU.L vs. CRHG.L - Performance Comparison
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Different Trading Currencies
CRPU.L is traded in USD, while CRHG.L is traded in GBP. To make them comparable, the CRHG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CRPU.L achieves a 0.72% return, which is significantly higher than CRHG.L's 0.48% return.
CRPU.L
- 1D
- 0.24%
- 1M
- 0.35%
- YTD
- 0.72%
- 6M
- 1.10%
- 1Y
- 5.19%
- 3Y*
- 5.72%
- 5Y*
- 0.98%
- 10Y*
- —
CRHG.L
- 1D
- 0.24%
- 1M
- -0.09%
- YTD
- 0.48%
- 6M
- 1.64%
- 1Y
- 3.78%
- 3Y*
- 8.03%
- 5Y*
- -0.66%
- 10Y*
- —
CRPU.L vs. CRHG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CRPU.L iShares Global Corporate Bond USD Hedged UCITS ETF | 0.72% | 6.46% | 4.01% | 8.64% | -14.11% | -1.15% | 7.74% | 12.74% | 0.74% |
CRHG.L iShares Global Corporate Bond UCITS ETF GBP Hedged (Dist) | 0.48% | 13.82% | 2.11% | 13.35% | -24.12% | -2.34% | 9.31% | 15.33% | -10.80% |
Correlation
The correlation between CRPU.L and CRHG.L is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2018 | 0.52 |
The correlation between CRPU.L and CRHG.L shifts across timeframes, from 0.52 (all time) to 0.62 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CRPU.L vs. CRHG.L — Risk / Return Rank
CRPU.L
CRHG.L
CRPU.L vs. CRHG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Corporate Bond USD Hedged UCITS ETF (CRPU.L) and iShares Global Corporate Bond UCITS ETF GBP Hedged (Dist) (CRHG.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.
| CRPU.L | CRHG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.08 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 0.64 | +1.21 |
| Martin ratioReturn relative to average drawdown | 6.23 | 1.56 | +4.67 |
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
| CRPU.L | CRHG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 0.44 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | -0.06 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.10 | +0.35 |
Drawdowns
CRPU.L vs. CRHG.L - Drawdown Comparison
The maximum CRPU.L drawdown since its inception was -19.78%, smaller than the maximum CRHG.L drawdown of -37.73%. Use the drawdown chart below to compare losses from any high point for CRPU.L and CRHG.L.
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Drawdown Indicators
| CRPU.L | CRHG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.78% | -37.73% | +17.95% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -5.87% | +3.11% |
Max Drawdown (3Y)Largest decline over 3 years | -4.30% | -11.80% | +7.50% |
Max Drawdown (5Y)Largest decline over 5 years | -19.78% | -37.73% | +17.95% |
Current DrawdownCurrent decline from peak | -0.68% | -3.94% | +3.26% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -11.25% | +6.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 2.41% | -1.59% |
Volatility
CRPU.L vs. CRHG.L - Volatility Comparison
The current volatility for iShares Global Corporate Bond USD Hedged UCITS ETF (CRPU.L) is 1.59%, while iShares Global Corporate Bond UCITS ETF GBP Hedged (Dist) (CRHG.L) has a volatility of 2.69%. This indicates that CRPU.L experiences smaller price fluctuations and is considered to be less risky than CRHG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRPU.L | CRHG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 2.69% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 6.20% | -3.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 8.63% | -4.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.90% | 11.56% | -5.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.61% | 11.59% | -5.98% |
CRPU.L vs. CRHG.L - Expense Ratio Comparison
Both CRPU.L and CRHG.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CRPU.L vs. CRHG.L - Dividend Comparison
CRPU.L has not paid dividends to shareholders, while CRHG.L's dividend yield for the trailing twelve months is around 4.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CRHG.L iShares Global Corporate Bond UCITS ETF GBP Hedged (Dist) | 4.09% | 4.01% | 3.76% | 3.18% | 2.70% | 2.02% | 2.27% | 2.66% | 1.27% |
CRPU.L iShares Global Corporate Bond USD Hedged UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CRPU.L and CRHG.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CRPU.L and CRHG.L have the same expense ratio: 0.25% per year.
CRPU.L tracks Bloomberg Gbl Agg Corp 0901 TR Hdg USD, while CRHG.L tracks Bloomberg Gbl Agg Corp TR Hdg GBP.
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