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Performance
Performance Chart
The chart shows the growth of an initial investment of €10,000 in iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Different Benchmark Currency
ERNX.DE is traded in EUR, while the ^GSPC benchmark is in USD. To make them comparable, the benchmark values have been converted to EUR using the latest available exchange rates.
Returns By Period
iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) has returned 0.30% so far this year and 2.20% over the past 12 months.
iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating
- 1D
- -0.07%
- 1M
- -0.06%
- YTD
- 0.30%
- 6M
- 0.88%
- 1Y
- 2.20%
- 3Y*
- 3.29%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.61%
- 1M
- -3.45%
- YTD
- -2.47%
- 6M
- -0.63%
- 1Y
- 8.91%
- 3Y*
- 14.47%
- 5Y*
- 10.74%
- 10Y*
- 12.07%
Monthly Returns
Based on dividend-adjusted daily data since Apr 29, 2022, ERNX.DE's average daily return is +0.01%, while the average monthly return is +0.22%. At this rate, your investment would double in approximately 26.3 years.
Historically, 90% of months were positive and 10% were negative. The best month was Dec 2023 with a return of +0.4%, while the worst month was Sep 2022 at -0.4%. The longest winning streak lasted 41 consecutive months, and the longest losing streak was 2 months.
On a daily basis, ERNX.DE closed higher 61% of trading days. The best single day was Jul 19, 2022 with a return of +0.5%, while the worst single day was Jul 20, 2022 at -0.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.19% | 0.22% | -0.03% | -0.07% | 0.30% | ||||||||
| 2025 | 0.34% | 0.24% | 0.19% | 0.23% | 0.35% | 0.08% | 0.33% | 0.17% | 0.19% | 0.22% | 0.10% | 0.22% | 2.69% |
| 2024 | 0.39% | 0.30% | 0.39% | 0.29% | 0.33% | 0.24% | 0.38% | 0.40% | 0.40% | 0.29% | 0.33% | 0.22% | 4.04% |
| 2023 | 0.02% | 0.23% | 0.25% | 0.19% | 0.21% | 0.32% | 0.32% | 0.39% | 0.30% | 0.32% | 0.30% | 0.43% | 3.34% |
| 2022 | -0.04% | -0.23% | 0.07% | 0.01% | -0.39% | 0.14% | 0.30% | 0.25% | 0.10% |
Benchmark Metrics
iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating has an annualized alpha of 2.67%, beta of -0.00, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since May 02, 2022.
- This ETF captured 6.50% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -5.77%) — a profile typical of hedging or uncorrelated 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.
- Alpha
- 2.67%
- Beta
- -0.00
- R²
- 0.00
- Upside Capture
- 6.50%
- Downside Capture
- -5.77%
Expense Ratio
ERNX.DE has an expense ratio of 0.09%, which is considered low.
Return for Risk
Risk / Return Rank
ERNX.DE 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) and compare them to a chosen benchmark (S&P 500 Index).
| ERNX.DE | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.90 | 0.43 | +2.47 |
Sortino ratioReturn per unit of downside risk | 4.71 | 0.73 | +3.98 |
Omega ratioGain probability vs. loss probability | 1.64 | 1.12 | +0.52 |
Calmar ratioReturn relative to maximum drawdown | 10.83 | 0.66 | +10.17 |
Martin ratioReturn relative to average drawdown | 49.84 | 2.77 | +47.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore ERNX.DE risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating. 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 Euro Ultrashort Bond UCITS ETF EUR Accumulating was 0.83%, occurring on Sep 30, 2022. Recovery took 97 trading sessions.
The current iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating drawdown is 0.20%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -0.83% | Jul 20, 2022 | 53 | Sep 30, 2022 | 97 | Feb 15, 2023 | 150 |
| -0.36% | May 6, 2022 | 50 | Jul 14, 2022 | 3 | Jul 19, 2022 | 53 |
| -0.2% | Mar 25, 2026 | 6 | Apr 1, 2026 | — | — | — |
| -0.16% | Feb 27, 2023 | 15 | Mar 17, 2023 | 3 | Mar 22, 2023 | 18 |
| -0.16% | Apr 7, 2025 | 2 | Apr 8, 2025 | 3 | Apr 11, 2025 | 5 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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