3IN.L vs. ERNS.L
Compare and contrast key facts about 3I Infrastructure plc (3IN.L) and iShares £ Ultrashort Bond UCITS ETF (ERNS.L).
ERNS.L is a passively managed fund by iShares that tracks the performance of the Markit iBoxx GBP Liquid Investment Grade Ultrashort Index. It was launched on Nov 16, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 3IN.L or ERNS.L.
Key characteristics
| 3IN.L | ERNS.L | |
|---|---|---|
| YTD Return | 8.35% | 3.94% |
| 1Y Return | 14.03% | 5.73% |
| 3Y Return (Ann) | 6.05% | 3.36% |
| 5Y Return (Ann) | 5.67% | 2.27% |
| 10Y Return (Ann) | 12.19% | 1.51% |
| Sharpe Ratio | 0.84 | 8.08 |
| Daily Std Dev | 16.91% | 0.71% |
| Max Drawdown | -41.42% | -1.51% |
| Current Drawdown | -2.29% | 0.00% |
Correlation
The correlation between 3IN.L and ERNS.L is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
3IN.L vs. ERNS.L - Performance Comparison
In the year-to-date period, 3IN.L achieves a 8.35% return, which is significantly higher than ERNS.L's 3.94% return. Over the past 10 years, 3IN.L has outperformed ERNS.L with an annualized return of 12.19%, while ERNS.L has yielded a comparatively lower 1.51% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
3IN.L vs. ERNS.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for 3I Infrastructure plc (3IN.L) and iShares £ Ultrashort Bond UCITS ETF (ERNS.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
3IN.L vs. ERNS.L - Dividend Comparison
3IN.L's dividend yield for the trailing twelve months is around 3.48%, less than ERNS.L's 5.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
3IN.L 3I Infrastructure plc | 3.48% | 3.59% | 3.24% | 2.86% | 3.08% | 3.03% | 19.21% | 2.93% | 3.13% | 11.14% | 3.13% | 4.42% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF | 5.29% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% | 0.55% | 0.06% |
Drawdowns
3IN.L vs. ERNS.L - Drawdown Comparison
The maximum 3IN.L drawdown since its inception was -41.42%, which is greater than ERNS.L's maximum drawdown of -1.51%. Use the drawdown chart below to compare losses from any high point for 3IN.L and ERNS.L. For additional features, visit the drawdowns tool.
Volatility
3IN.L vs. ERNS.L - Volatility Comparison
3I Infrastructure plc (3IN.L) has a higher volatility of 4.27% compared to iShares £ Ultrashort Bond UCITS ETF (ERNS.L) at 1.79%. This indicates that 3IN.L's price experiences larger fluctuations and is considered to be riskier than ERNS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.