EFRN.L vs. GBP5.L
EFRN.L (iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist)) and GBP5.L (L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF) are both European Corporate Bonds funds - EFRN.L tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR while GBP5.L tracks the Markit iBoxx GBP NonGilts 1-5 TR. Both are passively managed. At a 0.01 correlation, their price movements are largely independent. EFRN.L charges 0.10%/yr vs 0.09%/yr for GBP5.L.
Performance
EFRN.L vs. GBP5.L - Performance Comparison
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Different Trading Currencies
EFRN.L is traded in EUR, while GBP5.L is traded in GBp. To make them comparable, the GBP5.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
EFRN.L
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GBP5.L
- 1D
- -0.02%
- 1M
- 0.85%
- YTD
- 1.78%
- 6M
- 2.28%
- 1Y
- 1.95%
- 3Y*
- 5.90%
- 5Y*
- 2.17%
- 10Y*
- —
EFRN.L vs. GBP5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EFRN.L iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) | 0.00% | 2.41% | 4.35% | 3.98% | -0.12% | -0.10% |
GBP5.L L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF | 1.78% | 0.82% | 9.60% | 9.16% | -10.98% | 3.43% |
Correlation
The correlation between EFRN.L and GBP5.L is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2021 | 0.01 |
The correlation between EFRN.L and GBP5.L shifts across timeframes, from -0.11 (1 year) to 0.05 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EFRN.L vs. GBP5.L — Risk / Return Rank
EFRN.L
GBP5.L
EFRN.L vs. GBP5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.L) and L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF (GBP5.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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| EFRN.L | GBP5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.37 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 0.36 | — |
Drawdowns
EFRN.L vs. GBP5.L - Drawdown Comparison
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Drawdown Indicators
| EFRN.L | GBP5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -17.31% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.45% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.48% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.31% | — |
Current DrawdownCurrent decline from peak | — | -0.26% | — |
Average DrawdownAverage peak-to-trough decline | — | -3.44% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.15% | — |
Volatility
EFRN.L vs. GBP5.L - Volatility Comparison
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Volatility by Period
| EFRN.L | GBP5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.81% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.92% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 5.18% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 6.61% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 6.58% | — |
EFRN.L vs. GBP5.L - Expense Ratio Comparison
EFRN.L has a 0.10% expense ratio, which is higher than GBP5.L's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EFRN.L vs. GBP5.L - Dividend Comparison
EFRN.L has not paid dividends to shareholders, while GBP5.L's dividend yield for the trailing twelve months is around 4.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EFRN.L iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) | 0.00% | 1.59% | 4.22% | 2.93% | 0.00% | 0.00% | 0.00% |
GBP5.L L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF | 4.58% | 4.40% | 3.78% | 2.56% | 1.05% | 0.32% | 0.00% |
Frequently Asked Questions
EFRN.L and GBP5.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, GBP5.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GBP5.L is cheaper with a 0.09% expense ratio, compared with 0.10% for EFRN.L.
EFRN.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR, while GBP5.L tracks Markit iBoxx GBP NonGilts 1-5 TR. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.10% for EFRN.L and 0.09% for GBP5.L.
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