CRPU.L vs. KLMG.L

Last updated Jun 5, 2026

CRPU.L (iShares Global Corporate Bond USD Hedged UCITS ETF) and KLMG.L (Lyxor Green Bond UCITS ETF GBP Hedged Dist) are both Global Corporate Bonds funds - CRPU.L tracks the Bloomberg Gbl Agg Corp 0901 TR Hdg USD while KLMG.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 -2.63%/yr for KLMG.L. A 0.54 correlation means they provide meaningful diversification when combined. CRPU.L charges 0.25%/yr vs 0.30%/yr for KLMG.L.

Performance

CRPU.L vs. KLMG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Corporate Bond USD Hedged UCITS ETF (CRPU.L) and Lyxor Green Bond UCITS ETF GBP Hedged Dist (KLMG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CRPU.L is traded in USD, while KLMG.L is traded in GBP. To make them comparable, the KLMG.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 KLMG.L's 0.59% 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*: —

KLMG.L

• 1D: 0.15%
• 1M: -1.05%
• YTD: 0.59%
• 6M: -0.52%
• 1Y: -0.26%
• 3Y*: 6.36%
• 5Y*: -2.63%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CRPU.L vs. KLMG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CRPU.L iShares Global Corporate Bond USD Hedged UCITS ETF	0.72%	6.46%	4.01%	8.64%	-14.11%	-1.15%	2.50%
KLMG.L Lyxor Green Bond UCITS ETF GBP Hedged Dist	0.59%	8.75%	1.32%	14.25%	-27.61%	-4.34%	5.59%

Correlation

The correlation between CRPU.L and KLMG.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020	0.54

The correlation between CRPU.L and KLMG.L has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.

Return for Risk

CRPU.L vs. KLMG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CRPU.L

CRPU.L Risk / Return Rank: 38
CRPU.L Sharpe Ratio Rank: 38
CRPU.L Sortino Ratio Rank: 38
CRPU.L Omega Ratio Rank: 36
CRPU.L Calmar Ratio Rank: 38
CRPU.L Martin Ratio Rank: 40

KLMG.L

KLMG.L Risk / Return Rank: 10
KLMG.L Sharpe Ratio Rank: 10
KLMG.L Sortino Ratio Rank: 9
KLMG.L Omega Ratio Rank: 9
KLMG.L Calmar Ratio Rank: 10
KLMG.L Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CRPU.L vs. KLMG.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 Lyxor Green Bond UCITS ETF GBP Hedged Dist (KLMG.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	KLMG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.33	-0.07	+1.39
Sortino ratio: Return per unit of downside risk	1.95	-0.03	+1.99
Omega ratio: Gain probability vs. loss probability	1.24	1.00	+0.24
Calmar ratio: Return relative to maximum drawdown	1.85	-0.10	+1.95
Martin ratio: Return relative to average drawdown	6.23	-0.23	+6.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRPU.L vs. KLMG.L - Sharpe Ratio Comparison

The current CRPU.L Sharpe Ratio is 1.33, which is higher than the KLMG.L Sharpe Ratio of -0.07. The chart below compares the historical Sharpe Ratios of CRPU.L and KLMG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CRPU.L	KLMG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	-0.07	+1.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	-0.23	+0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	-0.12	+0.57

Drawdowns

CRPU.L vs. KLMG.L - Drawdown Comparison

The maximum CRPU.L drawdown since its inception was -19.78%, smaller than the maximum KLMG.L drawdown of -39.56%. Use the drawdown chart below to compare losses from any high point for CRPU.L and KLMG.L.

Drawdown Indicators

	CRPU.L	KLMG.L	Difference
Max Drawdown Largest peak-to-trough decline	-19.78%	-39.56%	+19.78%
Max Drawdown (1Y) Largest decline over 1 year	-2.76%	-5.94%	+3.18%
Max Drawdown (3Y) Largest decline over 3 years	-4.30%	-10.52%	+6.22%
Max Drawdown (5Y) Largest decline over 5 years	-19.78%	-39.56%	+19.78%
Current Drawdown Current decline from peak	-0.68%	-13.26%	+12.58%
Average Drawdown Average peak-to-trough decline	-4.52%	-16.59%	+12.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	2.57%	-1.75%

Volatility

CRPU.L vs. KLMG.L - Volatility Comparison

The current volatility for iShares Global Corporate Bond USD Hedged UCITS ETF (CRPU.L) is 1.59%, while Lyxor Green Bond UCITS ETF GBP Hedged Dist (KLMG.L) has a volatility of 2.98%. This indicates that CRPU.L experiences smaller price fluctuations and is considered to be less risky than KLMG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRPU.L	KLMG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.59%	2.98%	-1.39%
Volatility (6M) Calculated over the trailing 6-month period	3.06%	6.78%	-3.72%
Volatility (1Y) Calculated over the trailing 1-year period	3.86%	8.80%	-4.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.90%	11.35%	-5.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.61%	10.97%	-5.36%

CRPU.L vs. KLMG.L - Expense Ratio Comparison

CRPU.L has a 0.25% expense ratio, which is lower than KLMG.L's 0.30% expense ratio.

Dividends

CRPU.L vs. KLMG.L - Dividend Comparison

Neither CRPU.L nor KLMG.L has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
CRPU.L iShares Global Corporate Bond USD Hedged UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KLMG.L Lyxor Green Bond UCITS ETF GBP Hedged Dist	0.00%	0.00%	2.02%	1.44%	1.28%	1.03%

Frequently Asked Questions

Can I hold both CRPU.L and KLMG.L in my portfolio?

CRPU.L and KLMG.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CRPU.L or KLMG.L?

On fees, CRPU.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CRPU.L or KLMG.L?

CRPU.L is cheaper with a 0.25% expense ratio, compared with 0.30% for KLMG.L.

What is the main difference between CRPU.L and KLMG.L?

CRPU.L tracks Bloomberg Gbl Agg Corp 0901 TR Hdg USD, while KLMG.L tracks Bloomberg Gbl Agg Corp TR Hdg GBP. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for CRPU.L and 0.30% for KLMG.L.