BB3M.L vs. ERNE.L
BB3M.L (JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD) and ERNE.L (iShares € Ultrashort Bond UCITS ETF EUR (Dist)) are both Ultrashort Bond funds. BB3M.L is actively managed, while ERNE.L is passively managed. Over the past 5 years, BB3M.L returned 3.54%/yr vs 1.58%/yr for ERNE.L. At a 0.04 correlation, their price movements are largely independent. BB3M.L charges 0.07%/yr vs 0.09%/yr for ERNE.L.
Performance
BB3M.L vs. ERNE.L - Performance Comparison
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Different Trading Currencies
BB3M.L is traded in USD, while ERNE.L is traded in EUR. To make them comparable, the ERNE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BB3M.L achieves a 1.82% return, which is significantly higher than ERNE.L's -1.17% return.
BB3M.L
- 1D
- 0.07%
- 1M
- 0.32%
- 6M
- 1.82%
- YTD
- 1.82%
- 1Y
- 3.90%
- 3Y*
- 4.61%
- 5Y*
- 3.54%
- 10Y*
- —
ERNE.L
- 1D
- 0.00%
- 1M
- -0.78%
- 6M
- -0.39%
- YTD
- -1.17%
- 1Y
- 1.06%
- 3Y*
- 4.02%
- 5Y*
- 1.58%
- 10Y*
- 1.39%
BB3M.L vs. ERNE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BB3M.L JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD | 1.82% | 4.28% | 5.24% | 4.94% | 1.46% | -0.02% |
ERNE.L iShares € Ultrashort Bond UCITS ETF EUR (Dist) | -1.17% | 16.37% | -2.29% | 6.65% | -6.24% | -6.71% |
Correlation
The correlation between BB3M.L and ERNE.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2021 | 0.04 |
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Return for Risk
BB3M.L vs. ERNE.L — Risk / Return Rank
BB3M.L
ERNE.L
BB3M.L vs. ERNE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD (BB3M.L) and iShares € Ultrashort Bond UCITS ETF EUR (Dist) (ERNE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BB3M.L | ERNE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.77 | ||
| Sortino ratioReturn per unit of downside risk | +8.15 | ||
| Omega ratioGain probability vs. loss probability | 2.19 | 1.02 | +1.17 |
| Calmar ratioReturn relative to maximum drawdown | 28.58 | 0.14 | +28.44 |
| Martin ratioReturn relative to average drawdown | 103.46 | 0.30 | +103.16 |
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Drawdowns
BB3M.L vs. ERNE.L - Drawdown Comparison
The maximum BB3M.L drawdown since its inception was -1.19%, smaller than the maximum ERNE.L drawdown of -31.67%. Use the drawdown chart below to compare losses from any high point for BB3M.L and ERNE.L.
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Drawdown Indicators
| BB3M.L | ERNE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.19% | -31.67% | +30.48% |
Max Drawdown (1Y)Largest decline over 1 year | -0.14% | -4.98% | +4.84% |
Max Drawdown (3Y)Largest decline over 3 years | -0.23% | -7.47% | +7.24% |
Max Drawdown (5Y)Largest decline over 5 years | -1.19% | -20.15% | +18.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.43% | — |
Current DrawdownCurrent decline from peak | -0.00% | -8.08% | +8.08% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -16.42% | +16.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 2.38% | -2.34% |
Volatility
BB3M.L vs. ERNE.L - Volatility Comparison
The current volatility for JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD (BB3M.L) is 0.24%, while iShares € Ultrashort Bond UCITS ETF EUR (Dist) (ERNE.L) has a volatility of 1.39%. This indicates that BB3M.L experiences smaller price fluctuations and is considered to be less risky than ERNE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BB3M.L | ERNE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.24% | 1.39% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 0.61% | 4.60% | -3.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.80% | 6.27% | -5.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.99% | 7.67% | -6.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.96% | 7.33% | -6.37% |
BB3M.L vs. ERNE.L - Expense Ratio Comparison
BB3M.L has a 0.07% expense ratio, which is lower than ERNE.L's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BB3M.L vs. ERNE.L - Dividend Comparison
BB3M.L has not paid dividends to shareholders, while ERNE.L's dividend yield for the trailing twelve months is around 2.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BB3M.L JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ERNE.L iShares € Ultrashort Bond UCITS ETF EUR (Dist) | 2.33% | 2.74% | 3.80% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.13% |
Frequently Asked Questions
BB3M.L and ERNE.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BB3M.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BB3M.L is cheaper with a 0.07% expense ratio, compared with 0.09% for ERNE.L.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.07% for BB3M.L and 0.09% for ERNE.L.
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