IGHY.L vs. CRPS.L
IGHY.L (iShares Global High Yield Corporate Bond UCITS ETF) and CRPS.L (iShares Global Corporate Bond UCITS ETF) are both exchange-traded funds - IGHY.L is a High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR USD, while CRPS.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR USD. Both are passively managed. Over the past 10 years, IGHY.L returned 4.73%/yr vs 2.16%/yr for CRPS.L. A 0.72 correlation means they provide meaningful diversification when combined. IGHY.L charges 0.50%/yr vs 0.20%/yr for CRPS.L.
Performance
IGHY.L vs. CRPS.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGHY.L achieves a 1.97% return, which is significantly higher than CRPS.L's 1.79% return. Over the past 10 years, IGHY.L has outperformed CRPS.L with an annualized return of 4.73%, while CRPS.L has yielded a comparatively lower 2.16% annualized 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%
CRPS.L
- 1D
- -0.28%
- 1M
- 1.89%
- YTD
- 1.79%
- 6M
- 2.38%
- 1Y
- 6.64%
- 3Y*
- 4.19%
- 5Y*
- 1.09%
- 10Y*
- 2.16%
IGHY.L vs. CRPS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 1.66% | -0.16% |
CRPS.L iShares Global Corporate Bond UCITS ETF | 1.79% | 2.45% | 2.70% | 2.88% | -5.91% | -2.67% | 6.79% | 8.37% | 1.65% | -0.96% |
Correlation
The correlation between IGHY.L and CRPS.L is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2012 | 0.72 |
The correlation between IGHY.L and CRPS.L has been stable across timeframes, ranging from 0.68 to 0.73 - a consistent structural relationship.
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Return for Risk
IGHY.L vs. CRPS.L — Risk / Return Rank
IGHY.L
CRPS.L
IGHY.L vs. CRPS.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 (CRPS.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 | CRPS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.24 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 1.94 | +1.12 |
| Martin ratioReturn relative to average drawdown | 8.84 | 4.32 | +4.52 |
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Drawdowns
IGHY.L vs. CRPS.L - Drawdown Comparison
The maximum IGHY.L drawdown since its inception was -37.01%, roughly equal to the maximum CRPS.L drawdown of -37.94%. Use the drawdown chart below to compare losses from any high point for IGHY.L and CRPS.L.
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Drawdown Indicators
| IGHY.L | CRPS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.01% | -37.94% | +0.93% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -3.40% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -3.67% | -5.77% | +2.10% |
Max Drawdown (5Y)Largest decline over 5 years | -9.37% | -12.27% | +2.90% |
Max Drawdown (10Y)Largest decline over 10 years | -16.67% | -15.39% | -1.28% |
Current DrawdownCurrent decline from peak | -0.18% | -2.26% | +2.08% |
Average DrawdownAverage peak-to-trough decline | -9.96% | -15.88% | +5.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.53% | -0.68% |
Volatility
IGHY.L vs. CRPS.L - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (IGHY.L) is 1.26%, while iShares Global Corporate Bond UCITS ETF (CRPS.L) has a volatility of 1.42%. This indicates that IGHY.L experiences smaller price fluctuations and is considered to be less risky than CRPS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGHY.L | CRPS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.42% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.36% | 3.60% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.57% | 4.97% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.42% | 7.02% | -0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.14% | 8.02% | +0.12% |
IGHY.L vs. CRPS.L - Expense Ratio Comparison
IGHY.L has a 0.50% expense ratio, which is higher than CRPS.L's 0.20% expense ratio.
Dividends
IGHY.L vs. CRPS.L - Dividend Comparison
IGHY.L's dividend yield for the trailing twelve months is around 7.01%, more than CRPS.L's 4.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRPS.L iShares Global Corporate Bond UCITS ETF | 4.17% | 4.12% | 3.87% | 3.34% | 2.55% | 2.07% | 2.42% | 2.75% | 2.56% | 2.61% | 2.45% | 2.58% |
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 CRPS.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CRPS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CRPS.L is cheaper with a 0.20% expense ratio, compared with 0.50% for IGHY.L.
IGHY.L is categorized as High Yield Bonds, while CRPS.L is Global Corporate Bonds. IGHY.L tracks ICE BofA Gbl HY Constnd TR USD, while CRPS.L tracks Bloomberg Gbl Agg Corp TR USD. Their fees differ too: 0.50% for IGHY.L and 0.20% for CRPS.L.
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