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iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) Sharpe Ratio: 2.94

ETF · Currency in EUR · Last updated Jun 5, 2026

The iShares Euro Ultrashort Bond UCITS ETF aims to provide investors with exposure to euro-denominated ultrashort-term investment-grade bonds, focusing on liquid corporate debt securities with short maturities, typically under one year, to preserve capital and offer income.

ERNX.DE's Sharpe Ratio of 2.94 indicates that for each unit of volatility, it generates 2.94 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 5, 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.

ERNX.DE Sharpe Ratio Rank

ERNX.DE Sharpe Ratio Rank: 88.789
Exceptional

ERNX.DE ranks above 88.7% 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

ERNX.DE Sharpe Ratio Market Positioning

The chart shows ERNX.DE'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%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.39
  • Green zone (top 25%): 2.39 or higher
  • Top 1%: 7.75+
  • Median: 1.69 — half of all investments score higher

How it compares to other similar ETFs

The table compares iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating's Sharpe Ratio with other ETFs in the Ultrashort Bond category across multiple time periods, showing how ERNX.DE'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 5, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
IS3M.DEiShares € Ultrashort Bond UCITS ETF2.95
ERNX.DEiShares Euro Ultrashort Bond UCITS ETF EUR Accumulating2.94
XT01.DEXtrackers US Treasuries Ultrashort Bond UCITS ETF 1C0.35
PR1T.DEAmundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C)0.35
BBLL.DEJPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)0.34

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows ERNX.DE'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 ERNX.DE consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does ERNX.DE fit in your portfolio?

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