IHHG.L vs. CRPU.L
IHHG.L (iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist)) and CRPU.L (iShares Global Corporate Bond USD Hedged UCITS ETF) are both exchange-traded funds - IHHG.L is a Corporate Bonds fund tracking the iBoxx USD Liquid High Yield Capped (USD), while CRPU.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp 0901 TR Hdg USD. Both are passively managed. Over the past 5 years, IHHG.L returned 3.11%/yr vs 1.11%/yr for CRPU.L. At a 0.01 correlation, their price movements are largely independent. IHHG.L charges 0.55%/yr vs 0.25%/yr for CRPU.L.
Performance
IHHG.L vs. CRPU.L - Performance Comparison
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Different Trading Currencies
IHHG.L is traded in GBP, while CRPU.L is traded in USD. To make them comparable, the CRPU.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IHHG.L achieves a 1.59% return, which is significantly higher than CRPU.L's 0.63% return.
IHHG.L
- 1D
- -0.23%
- 1M
- 0.23%
- 6M
- 1.12%
- YTD
- 1.59%
- 1Y
- 5.78%
- 3Y*
- 7.40%
- 5Y*
- 3.11%
- 10Y*
- —
CRPU.L
- 1D
- 0.17%
- 1M
- -1.70%
- 6M
- -0.26%
- YTD
- 0.63%
- 1Y
- 3.88%
- 3Y*
- 4.16%
- 5Y*
- 1.11%
- 10Y*
- —
IHHG.L vs. CRPU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IHHG.L iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 1.59% | 9.03% | 6.38% | 9.77% | -10.41% | 3.44% | 2.55% | 10.54% | -1.67% |
CRPU.L iShares Global Corporate Bond USD Hedged UCITS ETF | 0.63% | -1.08% | 5.73% | 3.27% | -3.89% | -0.21% | 4.58% | 8.45% | 10.65% |
Correlation
The correlation between IHHG.L and CRPU.L is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2018 | 0.01 |
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Return for Risk
IHHG.L vs. CRPU.L — Risk / Return Rank
IHHG.L
CRPU.L
IHHG.L vs. CRPU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (IHHG.L) and iShares Global Corporate Bond USD Hedged UCITS ETF (CRPU.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.
| IHHG.L | CRPU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.10 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 0.74 | +1.53 |
| Martin ratioReturn relative to average drawdown | 10.12 | 1.78 | +8.34 |
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Drawdowns
IHHG.L vs. CRPU.L - Drawdown Comparison
The maximum IHHG.L drawdown since its inception was -23.51%, which is greater than CRPU.L's maximum drawdown of -14.16%. Use the drawdown chart below to compare losses from any high point for IHHG.L and CRPU.L.
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Drawdown Indicators
| IHHG.L | CRPU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.51% | -14.16% | -9.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.54% | -5.22% | +2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -4.38% | -8.87% | +4.49% |
Max Drawdown (5Y)Largest decline over 5 years | -14.78% | -13.79% | -0.99% |
Current DrawdownCurrent decline from peak | -0.23% | -2.90% | +2.67% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -5.61% | +2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 2.17% | -1.60% |
Volatility
IHHG.L vs. CRPU.L - Volatility Comparison
The current volatility for iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (IHHG.L) is 0.79%, while iShares Global Corporate Bond USD Hedged UCITS ETF (CRPU.L) has a volatility of 2.22%. This indicates that IHHG.L experiences smaller price fluctuations and is considered to be less risky than CRPU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IHHG.L | CRPU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 2.22% | -1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 5.51% | -2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 6.86% | -3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.70% | 8.85% | -2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.01% | 8.96% | -0.95% |
IHHG.L vs. CRPU.L - Expense Ratio Comparison
IHHG.L has a 0.55% expense ratio, which is higher than CRPU.L's 0.25% expense ratio.
Dividends
IHHG.L vs. CRPU.L - Dividend Comparison
IHHG.L's dividend yield for the trailing twelve months is around 6.15%, while CRPU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CRPU.L iShares Global Corporate Bond USD Hedged UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IHHG.L iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 6.15% | 6.06% | 6.23% | 5.55% | 5.21% | 4.25% | 4.89% | 5.47% | 3.58% |
Frequently Asked Questions
IHHG.L and CRPU.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CRPU.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CRPU.L is cheaper with a 0.25% expense ratio, compared with 0.55% for IHHG.L.
IHHG.L is categorized as Corporate Bonds, while CRPU.L is Global Corporate Bonds. IHHG.L tracks iBoxx USD Liquid High Yield Capped (USD), while CRPU.L tracks Bloomberg Gbl Agg Corp 0901 TR Hdg USD. Their fees differ too: 0.55% for IHHG.L and 0.25% for CRPU.L.
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