iShares € Ultrashort Bond UCITS ETF EUR (Dist) (ERNE.L)

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iShares € Ultrashort Bond UCITS ETF EUR (Dist) (ERNE.L) is up 1.2% since the beginning of the year. ERNE.L is currently trading at €101 per share. Investors who bought €1,000 worth of ERNE.L shares 5 years ago would now be looking at an investment worth €1,113.

iShares € Ultrashort Bond UCITS ETF EUR (Dist) (ERNE.L) has returned 1.18% so far this year and 2.20% over the past 12 months. Over the last ten years, ERNE.L has returned 1.04% per year, falling short of the S&P 500 Index benchmark, which averaged 12.92% annually.

Based on dividend-adjusted daily data since Oct 16, 2013, ERNE.L's average daily return is 0.00%, while the average monthly return is +0.07%. At this rate, an investment would double in approximately 82.5 years.

Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +0.8%, while the worst month was Mar 2020 at -1.5%. The longest winning streak lasted 41 consecutive months, and the longest losing streak was 10 months.

On a daily basis, ERNE.L closed higher 44% of trading days. The best single day was Mar 27, 2020 with a return of +0.6%, while the worst single day was Mar 19, 2020 at -0.7%.

iShares € Ultrashort Bond UCITS ETF EUR (Dist) has an annualized alpha of 0.86%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since October 16, 2013.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (2.73%) than losses (0.03%) - typical of diversified or defensive assets.
• Beta of 0.00 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

ERNE.L has an expense ratio of 0.09%, which is considered low.

ERNE.L ranks 98 for risk / return — in the top 98% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

iShares € Ultrashort Bond UCITS ETF EUR (Dist) provided a 2.33% dividend yield over the last twelve months, with an annual payout of €2.35 per share.

The table displays the monthly dividend distributions for iShares € Ultrashort Bond UCITS ETF EUR (Dist). The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the iShares € Ultrashort Bond UCITS ETF EUR (Dist). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the iShares € Ultrashort Bond UCITS ETF EUR (Dist) was 3.05%, occurring on Mar 24, 2020. Recovery took 795 trading sessions.

The chart below shows the rolling one-month volatility.