IGCB.L vs. CRPX.L
IGCB.L (Invesco GBP Corporate Bond UCITS ETF Dist) and CRPX.L (Amundi EUR Corporate Bond Climate Net Zero Ambition PAB UCITS ETF Acc) are both European Corporate Bonds funds - IGCB.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, IGCB.L returned -0.66%/yr vs 0.04%/yr for CRPX.L. At a 0.42 correlation, their price movements are largely independent. IGCB.L charges 0.10%/yr vs 0.14%/yr for CRPX.L.
Performance
IGCB.L vs. CRPX.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGCB.L achieves a -0.24% return, which is significantly higher than CRPX.L's -0.58% return.
IGCB.L
- 1D
- 0.24%
- 1M
- 1.78%
- YTD
- -0.24%
- 6M
- 0.09%
- 1Y
- 4.63%
- 3Y*
- 6.06%
- 5Y*
- -0.66%
- 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%
IGCB.L vs. CRPX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IGCB.L Invesco GBP Corporate Bond UCITS ETF Dist | -0.24% | 6.83% | 1.93% | 9.20% | -18.57% | -4.00% | 8.69% |
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% | 7.04% |
Correlation
The correlation between IGCB.L and CRPX.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2020 | 0.42 |
The correlation between IGCB.L and CRPX.L shifts across timeframes, from 0.28 (1 year) to 0.44 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGCB.L vs. CRPX.L — Risk / Return Rank
IGCB.L
CRPX.L
IGCB.L vs. CRPX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco GBP Corporate Bond UCITS ETF Dist (IGCB.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.
| IGCB.L | CRPX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.16 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.15 | 0.00 |
| Martin ratioReturn relative to average drawdown | 3.35 | 3.01 | +0.34 |
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
| IGCB.L | CRPX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.93 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 0.01 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.31 | -0.29 |
Drawdowns
IGCB.L vs. CRPX.L - Drawdown Comparison
The maximum IGCB.L drawdown since its inception was -30.44%, 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 IGCB.L and CRPX.L.
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Drawdown Indicators
| IGCB.L | CRPX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.44% | -21.40% | -9.04% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -3.94% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -4.00% | -3.94% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -29.39% | -16.71% | -12.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.40% | — |
Current DrawdownCurrent decline from peak | -7.54% | -6.95% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -11.31% | -8.36% | -2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.51% | -0.13% |
Volatility
IGCB.L vs. CRPX.L - Volatility Comparison
Invesco GBP Corporate Bond UCITS ETF Dist (IGCB.L) has a higher volatility of 2.17% compared to Amundi EUR Corporate Bond Climate Net Zero Ambition PAB UCITS ETF Acc (CRPX.L) at 1.48%. This indicates that IGCB.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
| IGCB.L | CRPX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.17% | 1.48% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 3.66% | +1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 4.85% | +1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.65% | 6.21% | +1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.73% | 7.94% | -0.21% |
IGCB.L vs. CRPX.L - Expense Ratio Comparison
IGCB.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
IGCB.L vs. CRPX.L - Dividend Comparison
IGCB.L's dividend yield for the trailing twelve months is around 5.27%, 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% |
IGCB.L Invesco GBP Corporate Bond UCITS ETF Dist | 5.27% | 5.18% | 5.18% | 4.26% | 2.54% | 1.74% | 1.22% |
Frequently Asked Questions
IGCB.L and CRPX.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGCB.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGCB.L is cheaper with a 0.10% expense ratio, compared with 0.14% for CRPX.L.
IGCB.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 IGCB.L and 0.14% for CRPX.L.
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