IGBE.L vs. CRPX.L
IGBE.L (Invesco GBP Corporate Bond ESG UCITS ETF Dist) and CRPX.L (Amundi EUR Corporate Bond Climate Net Zero Ambition PAB UCITS ETF Acc) are both European Corporate Bonds funds - IGBE.L tracks the Markit iBoxx GBP NonGilts TR while CRPX.L tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 5 years, IGBE.L returned -0.35%/yr vs 0.04%/yr for CRPX.L. At a 0.42 correlation, their price movements are largely independent. IGBE.L charges 0.10%/yr vs 0.14%/yr for CRPX.L.
Performance
IGBE.L vs. CRPX.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGBE.L achieves a -0.20% return, which is significantly higher than CRPX.L's -0.58% return.
IGBE.L
- 1D
- 0.05%
- 1M
- 1.80%
- YTD
- -0.20%
- 6M
- 0.18%
- 1Y
- 4.79%
- 3Y*
- 6.33%
- 5Y*
- -0.35%
- 10Y*
- —
CRPX.L
- 1D
- 0.24%
- 1M
- 0.97%
- YTD
- -0.58%
- 6M
- -0.54%
- 1Y
- 4.55%
- 3Y*
- 4.46%
- 5Y*
- 0.04%
- 10Y*
- 1.71%
IGBE.L vs. CRPX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IGBE.L Invesco GBP Corporate Bond ESG UCITS ETF Dist | -0.20% | 7.23% | 2.45% | 9.16% | -18.23% | -3.62% | 6.31% |
CRPX.L Amundi EUR Corporate Bond Climate Net Zero Ambition PAB UCITS ETF Acc | -0.58% | 8.33% | -0.65% | 4.98% | -8.55% | -7.58% | 8.68% |
Correlation
The correlation between IGBE.L and CRPX.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2020 | 0.42 |
The correlation between IGBE.L and CRPX.L shifts across timeframes, from 0.30 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGBE.L vs. CRPX.L — Risk / Return Rank
IGBE.L
CRPX.L
IGBE.L vs. CRPX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco GBP Corporate Bond ESG UCITS ETF Dist (IGBE.L) and Amundi EUR Corporate Bond Climate Net Zero Ambition PAB UCITS ETF Acc (CRPX.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.
| IGBE.L | CRPX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.16 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 1.15 | +0.09 |
| Martin ratioReturn relative to average drawdown | 3.81 | 3.01 | +0.81 |
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
| IGBE.L | CRPX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 0.93 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.01 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.31 | -0.30 |
Drawdowns
IGBE.L vs. CRPX.L - Drawdown Comparison
The maximum IGBE.L drawdown since its inception was -30.19%, which is greater than CRPX.L's maximum drawdown of -21.40%. Use the drawdown chart below to compare losses from any high point for IGBE.L and CRPX.L.
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Drawdown Indicators
| IGBE.L | CRPX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.19% | -21.40% | -8.79% |
Max Drawdown (1Y)Largest decline over 1 year | -3.86% | -3.94% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -3.94% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -29.11% | -16.71% | -12.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.40% | — |
Current DrawdownCurrent decline from peak | -6.10% | -6.95% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -10.79% | -8.36% | -2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.51% | -0.26% |
Volatility
IGBE.L vs. CRPX.L - Volatility Comparison
Invesco GBP Corporate Bond ESG UCITS ETF Dist (IGBE.L) has a higher volatility of 1.97% compared to Amundi EUR Corporate Bond Climate Net Zero Ambition PAB UCITS ETF Acc (CRPX.L) at 1.48%. This indicates that IGBE.L's price experiences larger fluctuations and is considered to be riskier than CRPX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGBE.L | CRPX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.97% | 1.48% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 3.66% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.03% | 4.85% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.44% | 6.21% | +1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.62% | 7.94% | -0.32% |
IGBE.L vs. CRPX.L - Expense Ratio Comparison
IGBE.L has a 0.10% expense ratio, which is lower than CRPX.L's 0.14% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IGBE.L vs. CRPX.L - Dividend Comparison
IGBE.L's dividend yield for the trailing twelve months is around 4.93%, while CRPX.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CRPX.L Amundi EUR Corporate Bond Climate Net Zero Ambition PAB UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGBE.L Invesco GBP Corporate Bond ESG UCITS ETF Dist | 4.93% | 4.81% | 4.59% | 3.85% | 2.47% | 1.76% | 1.31% |
Frequently Asked Questions
IGBE.L and CRPX.L have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGBE.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGBE.L is cheaper with a 0.10% expense ratio, compared with 0.14% for CRPX.L.
IGBE.L tracks Markit iBoxx GBP NonGilts TR, while CRPX.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.10% for IGBE.L and 0.14% for CRPX.L.
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