CRPU.L vs. CRPS.L
CRPU.L (iShares Global Corporate Bond USD Hedged UCITS ETF) and CRPS.L (iShares Global Corporate Bond UCITS ETF) are both Global Corporate Bonds funds from iShares - CRPU.L tracks the Bloomberg Gbl Agg Corp 0901 TR Hdg USD while CRPS.L tracks the Bloomberg Gbl Agg Corp TR USD. Both are passively managed. Over the past 5 years, CRPU.L returned 0.98%/yr vs -0.77%/yr for CRPS.L. A 0.63 correlation means they provide meaningful diversification when combined. CRPU.L charges 0.25%/yr vs 0.20%/yr for CRPS.L.
Performance
CRPU.L vs. CRPS.L - Performance Comparison
Loading charts...
Different Trading Currencies
CRPU.L is traded in USD, while CRPS.L is traded in GBP. To make them comparable, the CRPS.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 CRPS.L's -2.08% 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*
- —
CRPS.L
- 1D
- 0.28%
- 1M
- 0.51%
- YTD
- -2.08%
- 6M
- -1.39%
- 1Y
- 0.51%
- 3Y*
- 4.35%
- 5Y*
- -0.77%
- 10Y*
- 1.71%
CRPU.L vs. CRPS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -1.42% | 1.24% |
CRPS.L iShares Global Corporate Bond UCITS ETF | -2.08% | 7.96% | 0.98% | 8.30% | -15.96% | -3.56% | 10.06% | 12.73% | -4.11% | 1.67% |
Correlation
The correlation between CRPU.L and CRPS.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2017 | 0.63 |
The correlation between CRPU.L and CRPS.L has been stable across timeframes, ranging from 0.59 to 0.69 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CRPU.L vs. CRPS.L — Risk / Return Rank
CRPU.L
CRPS.L
CRPU.L vs. CRPS.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 (CRPS.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 | CRPS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.02 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 0.09 | +1.76 |
| Martin ratioReturn relative to average drawdown | 6.23 | 0.22 | +6.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CRPU.L | CRPS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 0.09 | +1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | -0.10 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.25 | +0.20 |
Drawdowns
CRPU.L vs. CRPS.L - Drawdown Comparison
The maximum CRPU.L drawdown since its inception was -19.78%, smaller than the maximum CRPS.L drawdown of -25.57%. Use the drawdown chart below to compare losses from any high point for CRPU.L and CRPS.L.
Loading charts...
Drawdown Indicators
| CRPU.L | CRPS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.78% | -25.57% | +5.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -5.96% | +3.20% |
Max Drawdown (3Y)Largest decline over 3 years | -4.30% | -6.31% | +2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -19.78% | -24.87% | +5.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.57% | — |
Current DrawdownCurrent decline from peak | -0.68% | -6.30% | +5.62% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -5.75% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 2.30% | -1.48% |
Volatility
CRPU.L vs. CRPS.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 (CRPS.L) has a volatility of 1.85%. This indicates that CRPU.L experiences smaller price fluctuations and is considered to be less risky than CRPS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CRPU.L | CRPS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 1.85% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 4.39% | -1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 6.03% | -2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.90% | 7.58% | -1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.61% | 7.41% | -1.80% |
CRPU.L vs. CRPS.L - Expense Ratio Comparison
CRPU.L has a 0.25% expense ratio, which is higher than CRPS.L's 0.20% 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
CRPU.L vs. CRPS.L - Dividend Comparison
Neither CRPU.L nor CRPS.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% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CRPU.L and CRPS.L have a correlation of 0.59, 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 CRPU.L.
CRPU.L tracks Bloomberg Gbl Agg Corp 0901 TR Hdg USD, while CRPS.L tracks Bloomberg Gbl Agg Corp TR USD. Their fees differ too: 0.25% for CRPU.L and 0.20% for CRPS.L.
Find the right allocation for CRPU.L and CRPS.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer