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iShares $ Ultrashort Bond UCITS ETF USD (Dist) (IS3L.DE) Sharpe Ratio: 1.17

ETF · Currency in EUR · Last updated Jul 4, 2026

The fund tracks short maturity US Dollar denominated investment grade corporate bonds with 0-1 years to maturity for fixed rate and 0-3 years for floating rate securities.

IS3L.DE's Sharpe Ratio of 1.17 indicates that for each unit of volatility, it generates 1.17 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 4, 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.

IS3L.DE Sharpe Ratio Rank

IS3L.DE Sharpe Ratio Rank: 38.138
Below Average

IS3L.DE ranks above 38.1% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. 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 may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

IS3L.DE Sharpe Ratio Market Positioning

The chart shows IS3L.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%): 0.80 or lower
  • Yellow zone (middle 50%): 0.80 to 1.95
  • Green zone (top 25%): 1.95 or higher
  • Top 1%: 6.65+
  • Median: 1.45 — half of all investments score higher

How it compares to other similar ETFs

The table compares iShares $ Ultrashort Bond UCITS ETF USD (Dist)'s Sharpe Ratio with other ETFs in the Ultrashort Bond category across multiple time periods, showing how IS3L.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 Jul 4, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
IS3M.DEiShares € Ultrashort Bond UCITS ETF2.83
ERNX.DEiShares Euro Ultrashort Bond UCITS ETF EUR Accumulating1.63
EUED.DEiShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist)1.41
IS3L.DEiShares $ Ultrashort Bond UCITS ETF USD (Dist)1.17
PR1T.DEAmundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C)1.12
BBLL.DEJPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)1.12
XT01.DEXtrackers US Treasuries Ultrashort Bond UCITS ETF 1C1.11

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows IS3L.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 IS3L.DE consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does IS3L.DE fit in your portfolio?

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