FSMP.L vs. CRHG.L
FSMP.L (Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged)) and CRHG.L (iShares Global Corporate Bond UCITS ETF GBP Hedged (Dist)) are both Global Corporate Bonds funds tracking the Bloomberg Gbl Agg Corp TR Hdg GBP, from Fidelity and iShares respectively. Both are passively managed. Over the past 5 years, FSMP.L returned 0.38%/yr vs 0.36%/yr for CRHG.L. Their correlation of 0.86 suggests significant overlap in exposure. FSMP.L charges 0.30%/yr vs 0.25%/yr for CRHG.L.
Performance
FSMP.L vs. CRHG.L - Performance Comparison
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Returns By Period
In the year-to-date period, FSMP.L achieves a 0.23% return, which is significantly lower than CRHG.L's 0.54% return.
FSMP.L
- 1D
- -0.36%
- 1M
- 0.44%
- YTD
- 0.23%
- 6M
- 0.43%
- 1Y
- 4.71%
- 3Y*
- 5.11%
- 5Y*
- 0.38%
- 10Y*
- —
CRHG.L
- 1D
- -0.29%
- 1M
- 0.18%
- YTD
- 0.54%
- 6M
- 0.58%
- 1Y
- 4.93%
- 3Y*
- 5.16%
- 5Y*
- 0.36%
- 10Y*
- —
FSMP.L vs. CRHG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FSMP.L Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged) | 0.23% | 6.37% | 2.95% | 8.01% | -15.03% | 3.48% |
CRHG.L iShares Global Corporate Bond UCITS ETF GBP Hedged (Dist) | 0.54% | 5.84% | 3.84% | 7.67% | -15.04% | 2.23% |
Correlation
The correlation between FSMP.L and CRHG.L is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021 | 0.86 |
The correlation between FSMP.L and CRHG.L has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.
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Return for Risk
FSMP.L vs. CRHG.L — Risk / Return Rank
FSMP.L
CRHG.L
FSMP.L vs. CRHG.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 ACC-GBP (hedged) (FSMP.L) and iShares Global Corporate Bond UCITS ETF GBP Hedged (Dist) (CRHG.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.
| FSMP.L | CRHG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.82 | -0.11 |
| Martin ratioReturn relative to average drawdown | 5.50 | 5.86 | -0.36 |
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
| FSMP.L | CRHG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.20 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.06 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.32 | -0.18 |
Drawdowns
FSMP.L vs. CRHG.L - Drawdown Comparison
The maximum FSMP.L drawdown since its inception was -20.12%, roughly equal to the maximum CRHG.L drawdown of -20.54%. Use the drawdown chart below to compare losses from any high point for FSMP.L and CRHG.L.
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Drawdown Indicators
| FSMP.L | CRHG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.12% | -20.54% | +0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -2.71% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -4.39% | -4.31% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -20.12% | -20.54% | +0.42% |
Current DrawdownCurrent decline from peak | -0.81% | -0.93% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -7.68% | -5.53% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.84% | +0.01% |
Volatility
FSMP.L vs. CRHG.L - Volatility Comparison
Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged) (FSMP.L) and iShares Global Corporate Bond UCITS ETF GBP Hedged (Dist) (CRHG.L) have volatilities of 1.57% and 1.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMP.L | CRHG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 1.51% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 3.20% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 4.08% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 5.69% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.91% | 5.74% | +0.17% |
FSMP.L vs. CRHG.L - Expense Ratio Comparison
FSMP.L has a 0.30% expense ratio, which is higher than CRHG.L's 0.25% expense ratio.
Dividends
FSMP.L vs. CRHG.L - Dividend Comparison
FSMP.L has not paid dividends to shareholders, while CRHG.L's dividend yield for the trailing twelve months is around 4.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CRHG.L iShares Global Corporate Bond UCITS ETF GBP Hedged (Dist) | 4.09% | 4.01% | 3.76% | 3.18% | 2.70% | 2.02% | 2.27% | 2.66% | 1.27% |
FSMP.L Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSMP.L and CRHG.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CRHG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CRHG.L is cheaper with a 0.25% expense ratio, compared with 0.30% for FSMP.L.
Both ETFs track Bloomberg Gbl Agg Corp TR Hdg GBP. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.30% for FSMP.L and 0.25% for CRHG.L.
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