CRPU.L vs. SPYD

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Global Corporate Bond USD Hedged UCITS ETF (CRPU.L) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).

CRPU.L and SPYD 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. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015. Both CRPU.L and SPYD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

CRPU.L vs. SPYD - 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 SPDR Portfolio S&P 500 High Dividend ETF (SPYD). The values are adjusted to include any dividend payments, if applicable.

CRPU.L vs. SPYD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRPU.L iShares Global Corporate Bond USD Hedged UCITS ETF	-0.28%	6.46%	4.01%	8.64%	-14.11%	-1.15%	7.74%	12.74%	-1.42%	1.24%
SPYD SPDR Portfolio S&P 500 High Dividend ETF	5.92%	4.65%	15.34%	3.91%	-1.17%	32.73%	-11.64%	21.20%	-4.89%	9.81%

Returns By Period

In the year-to-date period, CRPU.L achieves a -0.28% return, which is significantly lower than SPYD's 5.92% return.

CRPU.L

• 1D: 0.45%
• 1M: -1.13%
• YTD: -0.28%
• 6M: 0.63%
• 1Y: 4.60%
• 3Y*: 5.31%
• 5Y*: 0.99%
• 10Y*: —

SPYD

• 1D: -0.37%
• 1M: -4.38%
• YTD: 5.92%
• 6M: 4.97%
• 1Y: 7.58%
• 3Y*: 11.05%
• 5Y*: 7.71%
• 10Y*: 8.45%

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

CRPU.L vs. SPYD - Expense Ratio Comparison

CRPU.L has a 0.25% expense ratio, which is higher than SPYD's 0.07% 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%.

CRPU.L

iShares Global Corporate Bond USD Hedged UCITS ETF

SPYD

SPDR Portfolio S&P 500 High Dividend ETF

Return for Risk

CRPU.L vs. SPYD — 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: 53
CRPU.L Sharpe Ratio Rank: 54
CRPU.L Sortino Ratio Rank: 50
CRPU.L Omega Ratio Rank: 50
CRPU.L Calmar Ratio Rank: 55
CRPU.L Martin Ratio Rank: 56

SPYD

SPYD Risk / Return Rank: 25
SPYD Sharpe Ratio Rank: 26
SPYD Sortino Ratio Rank: 25
SPYD Omega Ratio Rank: 24
SPYD Calmar Ratio Rank: 25
SPYD Martin Ratio Rank: 26

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. SPYD - 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 SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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	SPYD	Difference
Sharpe ratio Return per unit of total volatility	1.03	0.49	+0.55
Sortino ratio Return per unit of downside risk	1.41	0.78	+0.63
Omega ratio Gain probability vs. loss probability	1.20	1.10	+0.10
Calmar ratio Return relative to maximum drawdown	1.56	0.59	+0.97
Martin ratio Return relative to average drawdown	6.08	2.09	+3.99
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. SPYD - Sharpe Ratio Comparison

The current CRPU.L Sharpe Ratio is 1.03, which is higher than the SPYD Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of CRPU.L and SPYD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CRPU.L	SPYD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	0.49	+0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	0.48	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.45	-0.01

Correlation

The correlation between CRPU.L and SPYD is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CRPU.L vs. SPYD - Dividend Comparison

CRPU.L has not paid dividends to shareholders, while SPYD's dividend yield for the trailing twelve months is around 4.38%.

	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%
SPYD SPDR Portfolio S&P 500 High Dividend ETF	4.38%	4.52%	4.31%	4.66%	5.01%	3.68%	4.95%	4.42%	4.75%	4.63%	4.34%	1.13%

Drawdowns

CRPU.L vs. SPYD - Drawdown Comparison

The maximum CRPU.L drawdown since its inception was -19.78%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for CRPU.L and SPYD.

Drawdown Indicators

	CRPU.L	SPYD	Difference
Max Drawdown Largest peak-to-trough decline	-19.78%	-46.42%	+26.64%
Max Drawdown (1Y) Largest decline over 1 year	-3.06%	-12.35%	+9.29%
Max Drawdown (5Y) Largest decline over 5 years	-19.78%	-22.25%	+2.47%
Max Drawdown (10Y) Largest decline over 10 years	—	-46.42%	—
Current Drawdown Current decline from peak	-1.66%	-4.70%	+3.04%
Average Drawdown Average peak-to-trough decline	-4.58%	-6.24%	+1.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	3.47%	-2.68%

Volatility

CRPU.L vs. SPYD - Volatility Comparison

The current volatility for iShares Global Corporate Bond USD Hedged UCITS ETF (CRPU.L) is 1.72%, while SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a volatility of 3.03%. This indicates that CRPU.L experiences smaller price fluctuations and is considered to be less risky than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRPU.L	SPYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.72%	3.03%	-1.31%
Volatility (6M) Calculated over the trailing 6-month period	2.48%	8.61%	-6.13%
Volatility (1Y) Calculated over the trailing 1-year period	4.46%	15.67%	-11.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.87%	16.24%	-10.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.62%	19.80%	-14.18%