FSMG.L vs. CRPS.L
FSMG.L (Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD) and CRPS.L (iShares Global Corporate Bond UCITS ETF) are both Global Corporate Bonds funds tracking the Bloomberg Gbl Agg Corp TR USD, from Fidelity and iShares respectively. Both are passively managed. Over the past 5 years, FSMG.L returned 1.58%/yr vs 0.24%/yr for CRPS.L. Their correlation of 0.89 suggests significant overlap in exposure. FSMG.L charges 0.25%/yr vs 0.20%/yr for CRPS.L.
Performance
FSMG.L vs. CRPS.L - Performance Comparison
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Returns By Period
In the year-to-date period, FSMG.L achieves a 0.98% return, which is significantly higher than CRPS.L's -2.07% return.
FSMG.L
- 1D
- -0.11%
- 1M
- 1.36%
- YTD
- 0.98%
- 6M
- 0.58%
- 1Y
- 6.75%
- 3Y*
- 3.72%
- 5Y*
- 1.58%
- 10Y*
- —
CRPS.L
- 1D
- -0.07%
- 1M
- 1.26%
- YTD
- -2.07%
- 6M
- -2.41%
- 1Y
- 1.35%
- 3Y*
- 1.73%
- 5Y*
- 0.24%
- 10Y*
- 2.47%
FSMG.L vs. CRPS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FSMG.L Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD | 0.98% | 2.65% | 2.78% | 3.90% | -5.75% | 4.11% |
CRPS.L iShares Global Corporate Bond UCITS ETF | -2.07% | 0.38% | 2.69% | 2.88% | -5.90% | 3.48% |
Correlation
The correlation between FSMG.L and CRPS.L is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021 | 0.89 |
The correlation between FSMG.L and CRPS.L has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.
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Return for Risk
FSMG.L vs. CRPS.L — Risk / Return Rank
FSMG.L
CRPS.L
FSMG.L vs. CRPS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD (FSMG.L) and iShares Global Corporate Bond UCITS ETF (CRPS.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.
| FSMG.L | CRPS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.05 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 0.27 | +1.36 |
| Martin ratioReturn relative to average drawdown | 3.74 | 0.59 | +3.15 |
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
| FSMG.L | CRPS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 0.23 | +0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.03 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.38 | -0.17 |
Drawdowns
FSMG.L vs. CRPS.L - Drawdown Comparison
The maximum FSMG.L drawdown since its inception was -11.66%, smaller than the maximum CRPS.L drawdown of -15.38%. Use the drawdown chart below to compare losses from any high point for FSMG.L and CRPS.L.
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Drawdown Indicators
| FSMG.L | CRPS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.66% | -15.38% | +3.72% |
Max Drawdown (1Y)Largest decline over 1 year | -4.12% | -5.02% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -5.52% | -5.77% | +0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -11.66% | -12.26% | +0.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.38% | — |
Current DrawdownCurrent decline from peak | -1.72% | -7.87% | +6.15% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -5.89% | +1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 2.29% | -0.49% |
Volatility
FSMG.L vs. CRPS.L - Volatility Comparison
Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD (FSMG.L) has a higher volatility of 2.37% compared to iShares Global Corporate Bond UCITS ETF (CRPS.L) at 1.34%. This indicates that FSMG.L's price experiences larger fluctuations and is considered to be riskier than CRPS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMG.L | CRPS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 1.34% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 4.46% | 4.47% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.67% | 5.91% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.32% | 7.17% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.32% | 8.49% | -1.17% |
FSMG.L vs. CRPS.L - Expense Ratio Comparison
FSMG.L has a 0.25% expense ratio, which is higher than CRPS.L's 0.20% 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
FSMG.L vs. CRPS.L - Dividend Comparison
FSMG.L's dividend yield for the trailing twelve months is around 6.04%, while CRPS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRPS.L iShares Global Corporate Bond UCITS ETF | 0.00% | 2.08% | 3.87% | 3.34% | 2.55% | 2.07% | 2.42% | 2.75% | 2.56% | 2.61% | 2.45% | 2.58% |
FSMG.L Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF INC-USD | 6.04% | 4.83% | 5.10% | 4.67% | 2.87% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSMG.L and CRPS.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CRPS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CRPS.L is cheaper with a 0.20% expense ratio, compared with 0.25% for FSMG.L.
Both ETFs track Bloomberg Gbl Agg Corp TR USD. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.25% for FSMG.L and 0.20% for CRPS.L.
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