IGHY.L vs. CRHG.L
IGHY.L (iShares Global High Yield Corporate Bond UCITS ETF) and CRHG.L (iShares Global Corporate Bond UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - IGHY.L is a High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR USD, while CRHG.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR Hdg GBP. Both are passively managed. Over the past 5 years, IGHY.L returned 4.04%/yr vs 0.45%/yr for CRHG.L. At a 0.23 correlation, their price movements are largely independent. IGHY.L charges 0.50%/yr vs 0.25%/yr for CRHG.L.
Performance
IGHY.L vs. CRHG.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGHY.L achieves a 1.97% return, which is significantly higher than CRHG.L's 1.44% return.
IGHY.L
- 1D
- -0.18%
- 1M
- 1.45%
- YTD
- 1.97%
- 6M
- 2.46%
- 1Y
- 7.50%
- 3Y*
- 7.21%
- 5Y*
- 4.04%
- 10Y*
- 4.73%
CRHG.L
- 1D
- 0.00%
- 1M
- 0.88%
- YTD
- 1.44%
- 6M
- 1.66%
- 1Y
- 5.05%
- 3Y*
- 5.44%
- 5Y*
- 0.45%
- 10Y*
- —
IGHY.L vs. CRHG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IGHY.L iShares Global High Yield Corporate Bond UCITS ETF | 1.97% | 6.85% | 4.14% | 7.22% | -1.28% | 0.55% | 4.60% | 8.17% | 5.31% |
CRHG.L iShares Global Corporate Bond UCITS ETF GBP Hedged (Dist) | 1.44% | 5.74% | 3.83% | 7.85% | -15.07% | -1.52% | 6.05% | 10.95% | -0.56% |
Correlation
The correlation between IGHY.L and CRHG.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2018 | 0.23 |
The correlation between IGHY.L and CRHG.L shifts across timeframes, from 0.15 (1 year) to 0.26 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGHY.L vs. CRHG.L — Risk / Return Rank
IGHY.L
CRHG.L
IGHY.L vs. CRHG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corporate Bond UCITS ETF (IGHY.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IGHY.L | CRHG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.23 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 1.88 | +1.18 |
| Martin ratioReturn relative to average drawdown | 8.84 | 5.97 | +2.87 |
Loading charts...
Drawdowns
IGHY.L vs. CRHG.L - Drawdown Comparison
The maximum IGHY.L drawdown since its inception was -37.01%, which is greater than CRHG.L's maximum drawdown of -20.58%. Use the drawdown chart below to compare losses from any high point for IGHY.L and CRHG.L.
Loading charts...
Drawdown Indicators
| IGHY.L | CRHG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.01% | -20.58% | -16.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -2.67% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -3.67% | -4.36% | +0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -9.37% | -20.58% | +11.21% |
Max Drawdown (10Y)Largest decline over 10 years | -16.67% | — | — |
Current DrawdownCurrent decline from peak | -0.18% | -0.07% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -9.96% | -5.51% | -4.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.84% | +0.01% |
Volatility
IGHY.L vs. CRHG.L - Volatility Comparison
iShares Global High Yield Corporate Bond UCITS ETF (IGHY.L) and iShares Global Corporate Bond UCITS ETF GBP Hedged (Dist) (CRHG.L) have volatilities of 1.26% and 1.29%, 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.
Loading charts...
Volatility by Period
| IGHY.L | CRHG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.29% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.36% | 3.40% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.57% | 4.24% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.42% | 5.84% | +0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.14% | 5.90% | +2.24% |
IGHY.L vs. CRHG.L - Expense Ratio Comparison
IGHY.L has a 0.50% expense ratio, which is higher than CRHG.L's 0.25% expense ratio.
Dividends
IGHY.L vs. CRHG.L - Dividend Comparison
IGHY.L's dividend yield for the trailing twelve months is around 7.01%, more than CRHG.L's 4.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRHG.L iShares Global Corporate Bond UCITS ETF GBP Hedged (Dist) | 4.06% | 4.01% | 3.76% | 3.18% | 2.70% | 2.02% | 2.27% | 2.66% | 1.27% | 0.00% | 0.00% | 0.00% |
IGHY.L iShares Global High Yield Corporate Bond UCITS ETF | 7.01% | 5.40% | 5.45% | 4.87% | 3.93% | 3.83% | 4.75% | 4.93% | 4.70% | 4.98% | 4.56% | 5.12% |
Frequently Asked Questions
IGHY.L and CRHG.L have a correlation of 0.15, 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 0.50% for IGHY.L.
IGHY.L is categorized as High Yield Bonds, while CRHG.L is Global Corporate Bonds. IGHY.L tracks ICE BofA Gbl HY Constnd TR USD, while CRHG.L tracks Bloomberg Gbl Agg Corp TR Hdg GBP. Their fees differ too: 0.50% for IGHY.L and 0.25% for CRHG.L.
Find the right allocation for IGHY.L and CRHG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer