CRPU.L vs. LQDH.L
CRPU.L (iShares Global Corporate Bond USD Hedged UCITS ETF) and LQDH.L (iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist)) are both Global Corporate Bonds funds from iShares - CRPU.L tracks the Bloomberg Gbl Agg Corp 0901 TR Hdg USD while LQDH.L tracks the IBOXX US Dollar Liquid Investment Grade IR Hedged Index (USD). Both are passively managed. Over the past 5 years, CRPU.L returned 0.65%/yr vs 5.37%/yr for LQDH.L. At a 0.15 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
CRPU.L vs. LQDH.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CRPU.L achieves a 0.48% return, which is significantly lower than LQDH.L's 2.46% return.
CRPU.L
- 1D
- 0.00%
- 1M
- -0.48%
- 6M
- 0.32%
- YTD
- 0.48%
- 1Y
- 4.17%
- 3Y*
- 5.25%
- 5Y*
- 0.65%
- 10Y*
- —
LQDH.L
- 1D
- 0.07%
- 1M
- -0.21%
- 6M
- 2.01%
- YTD
- 2.46%
- 1Y
- 4.61%
- 3Y*
- 7.42%
- 5Y*
- 5.37%
- 10Y*
- 4.41%
CRPU.L vs. LQDH.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 | 0.48% | 6.51% | 3.91% | 8.70% | -14.11% | -1.15% | 7.74% | 12.74% | -1.42% | 1.56% |
LQDH.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 2.46% | 4.93% | 8.27% | 11.54% | 0.28% | 0.92% | 0.77% | 10.76% | -2.64% | 2.32% |
Correlation
The correlation between CRPU.L and LQDH.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2017 | 0.15 |
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. LQDH.L — Risk / Return Rank
CRPU.L
LQDH.L
CRPU.L vs. LQDH.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 $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (LQDH.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CRPU.L | LQDH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 3.30 | -1.84 |
| Martin ratioReturn relative to average drawdown | 4.68 | 11.26 | -6.58 |
Loading charts...
Drawdowns
CRPU.L vs. LQDH.L - Drawdown Comparison
The maximum CRPU.L drawdown since its inception was -19.78%, smaller than the maximum LQDH.L drawdown of -23.77%. Use the drawdown chart below to compare losses from any high point for CRPU.L and LQDH.L.
Loading charts...
Drawdown Indicators
| CRPU.L | LQDH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.78% | -23.77% | +3.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -1.39% | -1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -4.29% | -2.81% | -1.48% |
Max Drawdown (5Y)Largest decline over 5 years | -19.78% | -6.42% | -13.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.77% | — |
Current DrawdownCurrent decline from peak | -0.95% | -0.34% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -1.46% | -3.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.41% | +0.48% |
Volatility
CRPU.L vs. LQDH.L - Volatility Comparison
iShares Global Corporate Bond USD Hedged UCITS ETF (CRPU.L) has a higher volatility of 1.21% compared to iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (LQDH.L) at 0.84%. This indicates that CRPU.L's price experiences larger fluctuations and is considered to be riskier than LQDH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CRPU.L | LQDH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 0.84% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 3.26% | 2.19% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.09% | 3.18% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.98% | 4.87% | +1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.62% | 6.41% | -0.79% |
CRPU.L vs. LQDH.L - Expense Ratio Comparison
Both CRPU.L and LQDH.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. LQDH.L - Dividend Comparison
CRPU.L has not paid dividends to shareholders, while LQDH.L's dividend yield for the trailing twelve months is around 4.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
LQDH.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 4.33% | 4.66% | 5.52% | 4.83% | 2.07% | 1.55% | 2.45% | 3.52% | 2.87% | 2.14% | 2.46% | 3.25% |
Frequently Asked Questions
CRPU.L and LQDH.L have a correlation of 0.16, 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 LQDH.L have the same expense ratio: 0.25% per year.
CRPU.L tracks Bloomberg Gbl Agg Corp 0901 TR Hdg USD, while LQDH.L tracks IBOXX US Dollar Liquid Investment Grade IR Hedged Index (USD).
Find the right allocation for CRPU.L and LQDH.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