CSKR.L vs. ERNU.L
CSKR.L (iShares MSCI Korea UCITS ETF (Acc)) and ERNU.L (iShares USD Ultrashort Bond UCITS ETF) are both exchange-traded funds - CSKR.L is a Asia Pacific Equities fund tracking the MSCI Korea NR USD, while ERNU.L is a Corporate Bonds fund tracking the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 10 years, CSKR.L returned 17.00%/yr vs 2.75%/yr for ERNU.L. At a correlation of -0.10, they often move in opposite directions. CSKR.L charges 0.65%/yr vs 0.09%/yr for ERNU.L.
Performance
CSKR.L vs. ERNU.L - Performance Comparison
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Different Trading Currencies
CSKR.L is traded in USD, while ERNU.L is traded in GBP. To make them comparable, the ERNU.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CSKR.L achieves a 106.37% return, which is significantly higher than ERNU.L's 1.61% return. Over the past 10 years, CSKR.L has outperformed ERNU.L with an annualized return of 17.00%, while ERNU.L has yielded a comparatively lower 2.75% annualized return.
CSKR.L
- 1D
- -4.80%
- 1M
- 15.77%
- YTD
- 106.37%
- 6M
- 126.95%
- 1Y
- 232.60%
- 3Y*
- 49.13%
- 5Y*
- 18.48%
- 10Y*
- 17.00%
ERNU.L
- 1D
- 0.14%
- 1M
- 0.47%
- YTD
- 1.61%
- 6M
- 2.05%
- 1Y
- 4.39%
- 3Y*
- 5.10%
- 5Y*
- 3.75%
- 10Y*
- 2.75%
CSKR.L vs. ERNU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSKR.L iShares MSCI Korea UCITS ETF (Acc) | 106.37% | 99.44% | -22.66% | 19.75% | -28.52% | -8.24% | 44.24% | 10.58% | -19.38% | 44.22% |
ERNU.L iShares USD Ultrashort Bond UCITS ETF | 1.61% | 4.91% | 5.60% | 4.92% | 1.32% | 0.60% | 0.83% | 3.85% | 1.88% | 1.18% |
Correlation
The correlation between CSKR.L and ERNU.L is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2014 | -0.10 |
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Return for Risk
CSKR.L vs. ERNU.L — Risk / Return Rank
CSKR.L
ERNU.L
CSKR.L vs. ERNU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Korea UCITS ETF (Acc) (CSKR.L) and iShares USD Ultrashort Bond UCITS ETF (ERNU.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.
| CSKR.L | ERNU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.84 | ||
| Sortino ratioReturn per unit of downside risk | +3.84 | ||
| Omega ratioGain probability vs. loss probability | 1.79 | 1.19 | +0.60 |
| Calmar ratioReturn relative to maximum drawdown | 9.97 | 4.60 | +5.37 |
| Martin ratioReturn relative to average drawdown | 37.50 | 14.97 | +22.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CSKR.L | ERNU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.87 | 1.04 | +4.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.78 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.54 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.46 | +0.08 |
Drawdowns
CSKR.L vs. ERNU.L - Drawdown Comparison
The maximum CSKR.L drawdown since its inception was -50.88%, which is greater than ERNU.L's maximum drawdown of -8.13%. Use the drawdown chart below to compare losses from any high point for CSKR.L and ERNU.L.
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Drawdown Indicators
| CSKR.L | ERNU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.88% | -8.13% | -42.75% |
Max Drawdown (1Y)Largest decline over 1 year | -23.16% | -0.95% | -22.21% |
Max Drawdown (3Y)Largest decline over 3 years | -29.22% | -1.00% | -28.22% |
Max Drawdown (5Y)Largest decline over 5 years | -49.14% | -2.54% | -46.60% |
Max Drawdown (10Y)Largest decline over 10 years | -50.88% | -8.13% | -42.75% |
Current DrawdownCurrent decline from peak | -5.91% | -0.11% | -5.80% |
Average DrawdownAverage peak-to-trough decline | -21.48% | -0.57% | -20.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.17% | 0.29% | +5.88% |
Volatility
CSKR.L vs. ERNU.L - Volatility Comparison
iShares MSCI Korea UCITS ETF (Acc) (CSKR.L) has a higher volatility of 18.32% compared to iShares USD Ultrashort Bond UCITS ETF (ERNU.L) at 1.50%. This indicates that CSKR.L's price experiences larger fluctuations and is considered to be riskier than ERNU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSKR.L | ERNU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.32% | 1.50% | +16.82% |
Volatility (6M)Calculated over the trailing 6-month period | 34.47% | 3.57% | +30.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.40% | 4.22% | +35.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.89% | 4.79% | +24.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.26% | 5.10% | +24.16% |
CSKR.L vs. ERNU.L - Expense Ratio Comparison
CSKR.L has a 0.65% expense ratio, which is higher than ERNU.L's 0.09% expense ratio.
Dividends
CSKR.L vs. ERNU.L - Dividend Comparison
CSKR.L has not paid dividends to shareholders, while ERNU.L's dividend yield for the trailing twelve months is around 5.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSKR.L iShares MSCI Korea UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ERNU.L iShares USD Ultrashort Bond UCITS ETF | 5.69% | 4.68% | 5.45% | 5.00% | 1.55% | 0.48% | 1.65% | 2.77% | 2.17% | 1.43% | 0.93% | 0.70% |
Frequently Asked Questions
CSKR.L and ERNU.L have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERNU.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERNU.L is cheaper with a 0.09% expense ratio, compared with 0.65% for CSKR.L.
CSKR.L is categorized as Asia Pacific Equities, while ERNU.L is Corporate Bonds. CSKR.L tracks MSCI Korea NR USD, while ERNU.L tracks Bloomberg US Corp 1-3 Yr TR USD. Their fees differ too: 0.65% for CSKR.L and 0.09% for ERNU.L.
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