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iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) Sharpe Ratio: 5.28

ETF · Currency in GBP · Last updated Jun 24, 2026

The fund seeks to track the performance of an index composed of Sterling denominated investment grade corporate bonds and quasi-government bonds.

ERNS.L's Sharpe Ratio of 5.28 indicates that for each unit of volatility, it generates 5.28 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

ERNS.L Sharpe Ratio Rank

ERNS.L Sharpe Ratio Rank: 98.098
Exceptional

ERNS.L ranks above 98.0% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

ERNS.L Sharpe Ratio Market Positioning

The chart shows ERNS.L's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.83 or lower
  • Yellow zone (middle 50%): 0.83 to 2.15
  • Green zone (top 25%): 2.15 or higher
  • Top 1%: 6.99+
  • Median: 1.57 — half of all investments score higher

How it compares to other similar ETFs

The table compares iShares £ Ultrashort Bond UCITS ETF GBP (Dist)'s Sharpe Ratio with other ETFs in the Ultrashort Bond category across multiple time periods, showing how ERNS.L's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
IB01.LiShares USD Treasury Bond 0-1yr UCITS ETF (Acc)11.85
PR1T.LAmundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C)9.72
VDST.LVanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating8.93
U03A.LiShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc)8.57
JGSA.LJPM GBP Ultra-Short Income Active ETF GBP Acc7.03
JPSA.LJPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc6.35
JGST.LJPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist)6.33
ERNS.LiShares £ Ultrashort Bond UCITS ETF GBP (Dist)5.28
BB3M.LJPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD4.71
IBTU.LiShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)3.41

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How to choose period

Historical Sharpe Ratio

The chart shows ERNS.L's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when ERNS.L consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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