REFA vs. CCRP

Last updated Jul 4, 2026

REFA (Columbia Research Enhanced International Equity ETF) and CCRP (Columbia Corporate Bond ETF) are both exchange-traded funds - REFA is a Foreign Large Cap Equities fund tracking the Beta Advantage Research Enhanced International Equity Index, while CCRP is a Corporate Bonds fund actively managed by Columbia Threadneedle. REFA is passively managed, while CCRP is actively managed. A 0.51 correlation means they provide meaningful diversification when combined. REFA charges 0.32%/yr vs 0.18%/yr for CCRP.

Performance

REFA vs. CCRP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Research Enhanced International Equity ETF (REFA) and Columbia Corporate Bond ETF (CCRP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, REFA achieves a 11.14% return, which is significantly higher than CCRP's 0.92% return.

REFA

• 1D: 1.35%
• 1M: 2.81%
• 6M: 9.75%
• YTD: 11.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CCRP

• 1D: 0.24%
• 1M: 0.44%
• 6M: 0.95%
• YTD: 0.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

REFA vs. CCRP - Yearly Performance Comparison

	2026 (YTD)	2025
REFA Columbia Research Enhanced International Equity ETF	11.14%	0.33%
CCRP Columbia Corporate Bond ETF	0.92%	-0.30%

Correlation

The correlation between REFA and CCRP is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.51

Return for Risk

REFA vs. CCRP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Research Enhanced International Equity ETF (REFA) and Columbia Corporate Bond ETF (CCRP). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

REFA vs. CCRP - Drawdown Comparison

The maximum REFA drawdown since its inception was -11.23%, which is greater than CCRP's maximum drawdown of -2.72%. Use the drawdown chart below to compare losses from any high point for REFA and CCRP.

Drawdown Indicators

	REFA	CCRP	Difference
Max Drawdown Largest peak-to-trough decline	-11.23%	-2.72%	-8.51%
Current Drawdown Current decline from peak	-0.36%	-0.63%	+0.27%
Average Drawdown Average peak-to-trough decline	-2.79%	-0.84%	-1.95%

Volatility

Volatility by Period

	REFA	CCRP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	18.61%	4.73%	+13.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.61%	4.73%	+13.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.61%	4.73%	+13.88%

REFA vs. CCRP - Expense Ratio Comparison

REFA has a 0.32% expense ratio, which is higher than CCRP's 0.18% expense ratio.

Dividends

REFA vs. CCRP - Dividend Comparison

REFA's dividend yield for the trailing twelve months is around 0.03%, less than CCRP's 2.41% yield.

Position	TTM	2025
CCRP Columbia Corporate Bond ETF	2.41%	0.25%
REFA Columbia Research Enhanced International Equity ETF	0.03%	0.03%

Frequently Asked Questions

Can I hold both REFA and CCRP in my portfolio?

REFA and CCRP have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, REFA or CCRP?

On fees, CCRP is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, REFA or CCRP?

CCRP is cheaper with a 0.18% expense ratio, compared with 0.32% for REFA.

Which ETF pays a higher dividend yield, REFA or CCRP?

CCRP has the higher dividend yield at 2.41%, compared with 0.03% for REFA.

What is the main difference between REFA and CCRP?

REFA is categorized as Foreign Large Cap Equities, while CCRP is Corporate Bonds. Their fees differ too: 0.32% for REFA and 0.18% for CCRP.