CRXP vs. REFA

Last updated Jul 12, 2026

CRXP (Columbia Core Plus Bond ETF) and REFA (Columbia Research Enhanced International Equity ETF) are both exchange-traded funds - CRXP is a Intermediate Core-Plus Bond fund actively managed by Columbia Threadneedle, while REFA is a Foreign Large Cap Equities fund tracking the Beta Advantage Research Enhanced International Equity Index. CRXP is actively managed, while REFA is passively managed. At a 0.45 correlation, their price movements are largely independent. CRXP charges 0.22%/yr vs 0.32%/yr for REFA.

Performance

CRXP vs. REFA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Core Plus Bond ETF (CRXP) and Columbia Research Enhanced International Equity ETF (REFA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRXP achieves a 0.72% return, which is significantly lower than REFA's 11.01% return.

CRXP

• 1D: 0.04%
• 1M: -0.27%
• 6M: 0.19%
• YTD: 0.72%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

REFA

• 1D: 0.38%
• 1M: 1.03%
• 6M: 7.54%
• YTD: 11.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRXP vs. REFA - Yearly Performance Comparison

	2026 (YTD)	2025
CRXP Columbia Core Plus Bond ETF	0.72%	-0.22%
REFA Columbia Research Enhanced International Equity ETF	11.01%	0.33%

Correlation

The correlation between CRXP and REFA is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.45

Return for Risk

CRXP vs. REFA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Core Plus Bond ETF (CRXP) and Columbia Research Enhanced International Equity ETF (REFA). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

CRXP vs. REFA - Drawdown Comparison

The maximum CRXP drawdown since its inception was -2.80%, smaller than the maximum REFA drawdown of -11.23%. Use the drawdown chart below to compare losses from any high point for CRXP and REFA.

Drawdown Indicators

	CRXP	REFA	Difference
Max Drawdown Largest peak-to-trough decline	-2.80%	-11.23%	+8.43%
Current Drawdown Current decline from peak	-1.42%	-1.16%	-0.26%
Average Drawdown Average peak-to-trough decline	-0.96%	-2.74%	+1.78%

Volatility

Volatility by Period

	CRXP	REFA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.81%	18.49%	-14.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.81%	18.49%	-14.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.81%	18.49%	-14.68%

CRXP vs. REFA - Expense Ratio Comparison

CRXP has a 0.22% expense ratio, which is lower than REFA's 0.32% expense ratio.

Dividends

CRXP vs. REFA - Dividend Comparison

CRXP's dividend yield for the trailing twelve months is around 2.51%, more than REFA's 0.03% yield.

Position	TTM	2025
CRXP Columbia Core Plus Bond ETF	2.51%	0.17%
REFA Columbia Research Enhanced International Equity ETF	0.03%	0.03%

Frequently Asked Questions

Can I hold both CRXP and REFA in my portfolio?

CRXP and REFA have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CRXP or REFA?

On fees, CRXP is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CRXP or REFA?

CRXP is cheaper with a 0.22% expense ratio, compared with 0.32% for REFA.

Which ETF pays a higher dividend yield, CRXP or REFA?

CRXP has the higher dividend yield at 2.51%, compared with 0.03% for REFA.

What is the main difference between CRXP and REFA?

CRXP is categorized as Intermediate Core-Plus Bond, while REFA is Foreign Large Cap Equities. Their fees differ too: 0.22% for CRXP and 0.32% for REFA.