PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) Sharpe Ratio: 1.60

ETF · Currency in EUR · Last updated Jun 26, 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 1.60 indicates that for each unit of volatility, it generates 1.60 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 26, 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.

ERNX.DE Sharpe Ratio Rank

ERNX.DE Sharpe Ratio Rank: 53.053
Average

ERNX.DE ranks above 53.0% of all investments in our database based on Sharpe Ratio over the past 12 months, showing balanced returns relative to total risk taken. 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

  • Returns are proportional to volatility—neither strong nor weak
  • Evaluate whether the volatility profile aligns with your risk tolerance
  • Review higher-ranked alternatives in the same category
  • Monitor rank direction to identify improving or deteriorating trends

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 2.12
  • Green zone (top 25%): 2.12 or higher
  • Top 1%: 6.90+
  • Median: 1.57 — 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 26, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
IS3M.DEiShares € Ultrashort Bond UCITS ETF2.80
ERNX.DEiShares Euro Ultrashort Bond UCITS ETF EUR Accumulating1.60
XT01.DEXtrackers US Treasuries Ultrashort Bond UCITS ETF 1C1.06
PR1T.DEAmundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C)1.05
BBLL.DEJPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)1.00

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.

Loading charts...

Sharpe Ratio Calculator

How does ERNX.DE fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

Analyze Your Portfolio