FSMP.L vs. CRPA.L
FSMP.L (Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged)) and CRPA.L (iShares Global Corporate Bond UCITS ETF USD (Acc)) are both Global Corporate Bonds funds - FSMP.L tracks the Bloomberg Gbl Agg Corp TR Hdg GBP while CRPA.L tracks the Bloomberg Gbl Agg Corp TR USD. Both are passively managed. Over the past 5 years, FSMP.L returned 0.38%/yr vs 1.09%/yr for CRPA.L. At a 0.43 correlation, their price movements are largely independent. FSMP.L charges 0.30%/yr vs 0.20%/yr for CRPA.L.
Performance
FSMP.L vs. CRPA.L - Performance Comparison
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Different Trading Currencies
FSMP.L is traded in GBP, while CRPA.L is traded in USD. To make them comparable, the CRPA.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with FSMP.L having a 0.23% return and CRPA.L slightly higher at 0.24%.
FSMP.L
- 1D
- -0.36%
- 1M
- 0.44%
- YTD
- 0.23%
- 6M
- 0.43%
- 1Y
- 4.71%
- 3Y*
- 5.11%
- 5Y*
- 0.38%
- 10Y*
- —
CRPA.L
- 1D
- -0.14%
- 1M
- 0.95%
- YTD
- 0.24%
- 6M
- -0.13%
- 1Y
- 5.76%
- 3Y*
- 3.10%
- 5Y*
- 1.09%
- 10Y*
- —
FSMP.L vs. CRPA.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% |
CRPA.L iShares Global Corporate Bond UCITS ETF USD (Acc) | 0.24% | 2.14% | 2.88% | 3.91% | -6.39% | 2.85% |
Correlation
The correlation between FSMP.L and CRPA.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021 | 0.43 |
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Return for Risk
FSMP.L vs. CRPA.L — Risk / Return Rank
FSMP.L
CRPA.L
FSMP.L vs. CRPA.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 USD (Acc) (CRPA.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 | CRPA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.16 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.40 | +0.30 |
| Martin ratioReturn relative to average drawdown | 5.50 | 3.28 | +2.22 |
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 | CRPA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 0.93 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.14 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.28 | -0.14 |
Drawdowns
FSMP.L vs. CRPA.L - Drawdown Comparison
The maximum FSMP.L drawdown since its inception was -20.12%, which is greater than CRPA.L's maximum drawdown of -15.34%. Use the drawdown chart below to compare losses from any high point for FSMP.L and CRPA.L.
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Drawdown Indicators
| FSMP.L | CRPA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.12% | -15.34% | -4.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -4.10% | +1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -4.39% | -6.12% | +1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -20.12% | -12.43% | -7.69% |
Current DrawdownCurrent decline from peak | -0.81% | -3.63% | +2.82% |
Average DrawdownAverage peak-to-trough decline | -7.68% | -6.28% | -1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.75% | -0.90% |
Volatility
FSMP.L vs. CRPA.L - Volatility Comparison
The current volatility for Fidelity Sustainable Global Corporate Bond Paris-Aligned Multifactor UCITS ETF ACC-GBP (hedged) (FSMP.L) is 1.57%, while iShares Global Corporate Bond UCITS ETF USD (Acc) (CRPA.L) has a volatility of 1.87%. This indicates that FSMP.L experiences smaller price fluctuations and is considered to be less risky than CRPA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSMP.L | CRPA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 1.87% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 5.08% | -2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 6.19% | -2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 7.92% | -2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.91% | 8.35% | -2.44% |
FSMP.L vs. CRPA.L - Expense Ratio Comparison
FSMP.L has a 0.30% expense ratio, which is higher than CRPA.L's 0.20% expense ratio.
Dividends
FSMP.L vs. CRPA.L - Dividend Comparison
Neither FSMP.L nor CRPA.L has paid dividends to shareholders.
Frequently Asked Questions
FSMP.L and CRPA.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CRPA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CRPA.L is cheaper with a 0.20% expense ratio, compared with 0.30% for FSMP.L.
FSMP.L tracks Bloomberg Gbl Agg Corp TR Hdg GBP, while CRPA.L tracks Bloomberg Gbl Agg Corp TR USD. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.30% for FSMP.L and 0.20% for CRPA.L.
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