CRPU.L vs. V3GS.L
CRPU.L (iShares Global Corporate Bond USD Hedged UCITS ETF) and V3GS.L (Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating) are both Global Corporate Bonds funds - CRPU.L tracks the Bloomberg Gbl Agg Corp 0901 TR Hdg USD while V3GS.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 -0.60%/yr for V3GS.L. A 0.59 correlation means they provide meaningful diversification when combined. CRPU.L charges 0.25%/yr vs 0.15%/yr for V3GS.L.
Performance
CRPU.L vs. V3GS.L - Performance Comparison
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Different Trading Currencies
CRPU.L is traded in USD, while V3GS.L is traded in GBP. To make them comparable, the V3GS.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 V3GS.L's 0.38% 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*
- —
V3GS.L
- 1D
- 0.29%
- 1M
- -0.02%
- YTD
- 0.38%
- 6M
- 1.53%
- 1Y
- 3.39%
- 3Y*
- 8.05%
- 5Y*
- -0.60%
- 10Y*
- —
CRPU.L vs. V3GS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CRPU.L iShares Global Corporate Bond USD Hedged UCITS ETF | 0.72% | 6.46% | 4.01% | 8.64% | -14.11% | 1.48% |
V3GS.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating | 0.38% | 14.52% | 1.43% | 13.35% | -23.72% | -3.31% |
Correlation
The correlation between CRPU.L and V3GS.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.59 |
The correlation between CRPU.L and V3GS.L has been stable across timeframes, ranging from 0.57 to 0.60 - a consistent structural relationship.
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Return for Risk
CRPU.L vs. V3GS.L — Risk / Return Rank
CRPU.L
V3GS.L
CRPU.L vs. V3GS.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 Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating (V3GS.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 | V3GS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.07 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 0.56 | +1.29 |
| Martin ratioReturn relative to average drawdown | 6.23 | 1.39 | +4.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CRPU.L | V3GS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 0.39 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | -0.05 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | -0.04 | +0.50 |
Drawdowns
CRPU.L vs. V3GS.L - Drawdown Comparison
The maximum CRPU.L drawdown since its inception was -19.78%, smaller than the maximum V3GS.L drawdown of -37.53%. Use the drawdown chart below to compare losses from any high point for CRPU.L and V3GS.L.
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Drawdown Indicators
| CRPU.L | V3GS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.78% | -37.53% | +17.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -6.01% | +3.25% |
Max Drawdown (3Y)Largest decline over 3 years | -4.30% | -11.54% | +7.24% |
Max Drawdown (5Y)Largest decline over 5 years | -19.78% | -37.53% | +17.75% |
Current DrawdownCurrent decline from peak | -0.68% | -3.58% | +2.90% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -14.49% | +9.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 2.43% | -1.61% |
Volatility
CRPU.L vs. V3GS.L - Volatility Comparison
The current volatility for iShares Global Corporate Bond USD Hedged UCITS ETF (CRPU.L) is 1.59%, while Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating (V3GS.L) has a volatility of 2.86%. This indicates that CRPU.L experiences smaller price fluctuations and is considered to be less risky than V3GS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRPU.L | V3GS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 2.86% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 6.42% | -3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 8.65% | -4.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.90% | 11.49% | -5.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.61% | 11.47% | -5.86% |
CRPU.L vs. V3GS.L - Expense Ratio Comparison
CRPU.L has a 0.25% expense ratio, which is higher than V3GS.L'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%.
Dividends
CRPU.L vs. V3GS.L - Dividend Comparison
Neither CRPU.L nor V3GS.L has paid dividends to shareholders.
Frequently Asked Questions
CRPU.L and V3GS.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V3GS.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V3GS.L is cheaper with a 0.15% expense ratio, compared with 0.25% for CRPU.L.
CRPU.L tracks Bloomberg Gbl Agg Corp 0901 TR Hdg USD, while V3GS.L tracks Bloomberg Gbl Agg Corp TR Hdg GBP. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.25% for CRPU.L and 0.15% for V3GS.L.
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