BLDG vs. ERNS.L
BLDG (Cambria Global Real Estate ETF) and ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) are both exchange-traded funds - BLDG is a REIT fund actively managed by Cambria, while ERNS.L is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past 5 years, BLDG returned 2.80%/yr vs 2.56%/yr for ERNS.L. At a 0.37 correlation, their price movements are largely independent. BLDG charges 0.59%/yr vs 0.09%/yr for ERNS.L.
Performance
BLDG vs. ERNS.L - Performance Comparison
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Different Trading Currencies
BLDG is traded in USD, while ERNS.L is traded in GBP. To make them comparable, the ERNS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BLDG achieves a 11.81% return, which is significantly higher than ERNS.L's 1.21% return.
BLDG
- 1D
- 0.58%
- 1M
- 4.13%
- YTD
- 11.81%
- 6M
- 12.26%
- 1Y
- 14.51%
- 3Y*
- 10.36%
- 5Y*
- 2.80%
- 10Y*
- —
ERNS.L
- 1D
- -0.13%
- 1M
- 0.28%
- YTD
- 1.21%
- 6M
- 2.17%
- 1Y
- 3.06%
- 3Y*
- 7.23%
- 5Y*
- 2.56%
- 10Y*
- 1.68%
BLDG vs. ERNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BLDG Cambria Global Real Estate ETF | 11.81% | 4.26% | 8.18% | 1.76% | -14.66% | 22.47% | 15.25% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 1.21% | 12.75% | 3.79% | 10.28% | -9.32% | -0.77% | 7.35% |
Correlation
The correlation between BLDG and ERNS.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2020 | 0.37 |
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Return for Risk
BLDG vs. ERNS.L — Risk / Return Rank
BLDG
ERNS.L
BLDG vs. ERNS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Global Real Estate ETF (BLDG) and iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (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.
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.
| BLDG | ERNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.07 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 0.64 | +0.66 |
| Martin ratioReturn relative to average drawdown | 4.59 | 1.41 | +3.18 |
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Drawdowns
BLDG vs. ERNS.L - Drawdown Comparison
The maximum BLDG drawdown since its inception was -27.25%, smaller than the maximum ERNS.L drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for BLDG and ERNS.L.
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Drawdown Indicators
| BLDG | ERNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.25% | -34.17% | +6.92% |
Max Drawdown (1Y)Largest decline over 1 year | -10.08% | -4.13% | -5.95% |
Max Drawdown (3Y)Largest decline over 3 years | -18.57% | -7.89% | -10.68% |
Max Drawdown (5Y)Largest decline over 5 years | -27.25% | -23.81% | -3.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.90% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.66% | +1.66% |
Average DrawdownAverage peak-to-trough decline | -9.18% | -16.08% | +6.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 1.87% | +0.99% |
Volatility
BLDG vs. ERNS.L - Volatility Comparison
Cambria Global Real Estate ETF (BLDG) has a higher volatility of 3.71% compared to iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) at 1.95%. This indicates that BLDG'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.
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Volatility by Period
| BLDG | ERNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 1.95% | +1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 8.38% | 4.96% | +3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.20% | 6.74% | +4.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.27% | 8.62% | +6.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.52% | 9.40% | +6.12% |
BLDG vs. ERNS.L - Expense Ratio Comparison
BLDG has a 0.59% expense ratio, which is higher than ERNS.L's 0.09% expense ratio.
Dividends
BLDG vs. ERNS.L - Dividend Comparison
BLDG's dividend yield for the trailing twelve months is around 5.42%, more than ERNS.L's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLDG Cambria Global Real Estate ETF | 5.42% | 7.46% | 7.97% | 4.99% | 3.99% | 10.40% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 3.24% | 4.65% | 5.42% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% |
Frequently Asked Questions
BLDG and ERNS.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERNS.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERNS.L is cheaper with a 0.09% expense ratio, compared with 0.59% for BLDG.
BLDG is categorized as REIT, while ERNS.L is Ultrashort Bond. They also come from different issuers: Cambria and iShares. Their fees differ too: 0.59% for BLDG and 0.09% for ERNS.L.
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