XCO2.L vs. CORP.L

Last updated Jul 18, 2026

XCO2.L (Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc) and CORP.L (iShares Global Corp Bond UCITS ETF USD (Dist)) are both Global Corporate Bonds funds - XCO2.L tracks the Bloomberg Gbl Agg Corp TR USD while CORP.L tracks the Bloomberg Global Aggregate Corporate Index (USD). Both are passively managed. Over the past 5 years, XCO2.L returned -1.30%/yr vs 0.27%/yr for CORP.L. A 0.58 correlation means they provide meaningful diversification when combined. XCO2.L charges 0.15%/yr vs 0.20%/yr for CORP.L.

Performance

XCO2.L vs. CORP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc (XCO2.L) and iShares Global Corp Bond UCITS ETF USD (Dist) (CORP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XCO2.L is traded in GBP, while CORP.L is traded in USD. To make them comparable, the CORP.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, XCO2.L achieves a -1.87% return, which is significantly lower than CORP.L's -0.46% return.

XCO2.L

• 1D: -0.12%
• 1M: -2.28%
• 6M: -1.87%
• YTD: -1.87%
• 1Y: -0.12%
• 3Y*: 3.39%
• 5Y*: -1.30%
• 10Y*: —

CORP.L

• 1D: 0.24%
• 1M: -2.19%
• 6M: -0.89%
• YTD: -0.46%
• 1Y: 2.68%
• 3Y*: 3.74%
• 5Y*: 0.27%
• 10Y*: 1.65%

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

XCO2.L vs. CORP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XCO2.L Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc	-1.87%	5.87%	-0.13%	3.77%	-10.53%	-9.16%	-7.36%
CORP.L iShares Global Corp Bond UCITS ETF USD (Dist)	-0.46%	2.00%	3.14%	3.28%	-6.03%	-2.36%	1.45%

Correlation

The correlation between XCO2.L and CORP.L is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since May 4, 2020	0.58

The correlation between XCO2.L and CORP.L has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.

Return for Risk

XCO2.L vs. CORP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XCO2.L

XCO2.L Risk / Return Rank: 9
XCO2.L Sharpe Ratio Rank: 10
XCO2.L Sortino Ratio Rank: 8
XCO2.L Omega Ratio Rank: 8
XCO2.L Calmar Ratio Rank: 10
XCO2.L Martin Ratio Rank: 10

CORP.L

CORP.L Risk / Return Rank: 22
CORP.L Sharpe Ratio Rank: 23
CORP.L Sortino Ratio Rank: 21
CORP.L Omega Ratio Rank: 21
CORP.L Calmar Ratio Rank: 24
CORP.L Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XCO2.L vs. CORP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc (XCO2.L) and iShares Global Corp Bond UCITS ETF USD (Dist) (CORP.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.

	XCO2.L	CORP.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	0.44	-0.48
Sortino ratio: Return per unit of downside risk	-0.03	0.66	-0.69
Omega ratio: Gain probability vs. loss probability	1.00	1.08	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.05	0.68	-0.73
Martin ratio: Return relative to average drawdown	-0.10	1.52	-1.63

XCO2.L vs. CORP.L - Sharpe Ratio Comparison

The current XCO2.L Sharpe Ratio is -0.04, which is lower than the CORP.L Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of XCO2.L and CORP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XCO2.L vs. CORP.L - Drawdown Comparison

The maximum XCO2.L drawdown since its inception was -29.59%, which is greater than CORP.L's maximum drawdown of -15.34%. Use the drawdown chart below to compare losses from any high point for XCO2.L and CORP.L.

Drawdown Indicators

	XCO2.L	CORP.L	Difference
Max Drawdown Largest peak-to-trough decline	-29.59%	-15.34%	-14.25%
Max Drawdown (1Y) Largest decline over 1 year	-4.07%	-3.91%	-0.16%
Max Drawdown (3Y) Largest decline over 3 years	-13.43%	-6.21%	-7.22%
Max Drawdown (5Y) Largest decline over 5 years	-17.63%	-12.35%	-5.28%
Max Drawdown (10Y) Largest decline over 10 years	—	-15.34%	—
Current Drawdown Current decline from peak	-21.16%	-4.42%	-16.74%
Average Drawdown Average peak-to-trough decline	-20.14%	-5.73%	-14.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	1.76%	+0.01%

Volatility

XCO2.L vs. CORP.L - Volatility Comparison

The current volatility for Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc (XCO2.L) is 1.16%, while iShares Global Corp Bond UCITS ETF USD (Dist) (CORP.L) has a volatility of 1.73%. This indicates that XCO2.L experiences smaller price fluctuations and is considered to be less risky than CORP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XCO2.L	CORP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.16%	1.73%	-0.57%
Volatility (6M) Calculated over the trailing 6-month period	3.31%	5.08%	-1.77%
Volatility (1Y) Calculated over the trailing 1-year period	4.22%	6.07%	-1.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.64%	8.05%	+2.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.67%	8.82%	+1.85%

XCO2.L vs. CORP.L - Expense Ratio Comparison

XCO2.L has a 0.15% expense ratio, which is lower than CORP.L's 0.20% 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

XCO2.L vs. CORP.L - Dividend Comparison

XCO2.L has not paid dividends to shareholders, while CORP.L's dividend yield for the trailing twelve months is around 4.28%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CORP.L iShares Global Corp Bond UCITS ETF USD (Dist)	4.28%	4.05%	3.98%	3.22%	2.60%	2.13%	2.28%	2.67%	2.71%	2.48%	2.73%	2.68%
XCO2.L Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XCO2.L and CORP.L in my portfolio?

XCO2.L and CORP.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XCO2.L or CORP.L?

On fees, XCO2.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XCO2.L or CORP.L?

XCO2.L is cheaper with a 0.15% expense ratio, compared with 0.20% for CORP.L.

What is the main difference between XCO2.L and CORP.L?

XCO2.L tracks Bloomberg Gbl Agg Corp TR USD, while CORP.L tracks Bloomberg Global Aggregate Corporate Index (USD). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.15% for XCO2.L and 0.20% for CORP.L.