CRPU.L vs. SHY
Compare and contrast key facts about iShares Global Corporate Bond USD Hedged UCITS ETF (CRPU.L) and iShares 1-3 Year Treasury Bond ETF (SHY).
CRPU.L and SHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CRPU.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Gbl Agg Corp 0901 TR Hdg USD. It was launched on Aug 9, 2017. SHY is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 1-3 Year Treasury Bond Index. It was launched on Jul 22, 2002. Both CRPU.L and SHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CRPU.L or SHY.
Key characteristics
| CRPU.L | SHY | |
|---|---|---|
| YTD Return | 3.69% | 3.33% |
| 1Y Return | 12.80% | 5.57% |
| 3Y Return (Ann) | -0.97% | 1.05% |
| 5Y Return (Ann) | 0.77% | 1.18% |
| Sharpe Ratio | 2.26 | 2.85 |
| Sortino Ratio | 3.48 | 4.62 |
| Omega Ratio | 1.43 | 1.60 |
| Calmar Ratio | 0.86 | 2.00 |
| Martin Ratio | 12.65 | 17.22 |
| Ulcer Index | 0.97% | 0.32% |
| Daily Std Dev | 5.43% | 1.94% |
| Max Drawdown | -19.78% | -5.71% |
| Current Drawdown | -4.65% | -0.81% |
Correlation
The correlation between CRPU.L and SHY is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CRPU.L vs. SHY - Performance Comparison
In the year-to-date period, CRPU.L achieves a 3.69% return, which is significantly higher than SHY's 3.33% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CRPU.L vs. SHY - Expense Ratio Comparison
CRPU.L has a 0.25% expense ratio, which is higher than SHY'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%.
Risk-Adjusted Performance
CRPU.L vs. SHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Corporate Bond USD Hedged UCITS ETF (CRPU.L) and iShares 1-3 Year Treasury Bond ETF (SHY). 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.
Dividends
CRPU.L vs. SHY - Dividend Comparison
CRPU.L has not paid dividends to shareholders, while SHY's dividend yield for the trailing twelve months is around 3.79%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.51% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% | 0.36% | 0.26% |
Drawdowns
CRPU.L vs. SHY - Drawdown Comparison
The maximum CRPU.L drawdown since its inception was -19.78%, which is greater than SHY's maximum drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for CRPU.L and SHY. For additional features, visit the drawdowns tool.
Volatility
CRPU.L vs. SHY - Volatility Comparison
iShares Global Corporate Bond USD Hedged UCITS ETF (CRPU.L) has a higher volatility of 1.21% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.48%. This indicates that CRPU.L's price experiences larger fluctuations and is considered to be riskier than SHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.