ERN1.L vs. ERNS.L
Compare and contrast key facts about iShares € Ultrashort Bond UCITS ETF (ERN1.L) and iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L).
ERN1.L and ERNS.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ERN1.L is a passively managed fund by iShares that tracks the performance of the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. It was launched on Oct 16, 2013. ERNS.L is an actively managed fund by iShares. It was launched on Oct 16, 2013.
Performance
ERN1.L vs. ERNS.L - Performance Comparison
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ERN1.L vs. ERNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERN1.L iShares € Ultrashort Bond UCITS ETF | -0.37% | 926.99% | 26.16% | -339.28% | 5.26% | -6.83% | 5.64% | -4.76% | 0.45% | 3.37% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 0.77% | 4.84% | 5.54% | 4.76% | 1.54% | 0.13% | 0.77% | 1.27% | 0.58% | 0.57% |
Returns By Period
In the year-to-date period, ERN1.L achieves a -0.37% return, which is significantly lower than ERNS.L's 0.77% return.
ERN1.L
- 1D
- -0.09%
- 1M
- -0.76%
- YTD
- -0.37%
- 6M
- -599.07%
- 1Y
- 908.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ERNS.L
- 1D
- 0.06%
- 1M
- 0.25%
- YTD
- 0.77%
- 6M
- 2.03%
- 1Y
- 4.53%
- 3Y*
- 5.07%
- 5Y*
- 3.46%
- 10Y*
- 2.14%
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ERN1.L vs. ERNS.L - Expense Ratio Comparison
Both ERN1.L and ERNS.L have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
ERN1.L vs. ERNS.L — Risk / Return Rank
ERN1.L
ERNS.L
ERN1.L vs. ERNS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Ultrashort Bond UCITS ETF (ERN1.L) 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.
| ERN1.L | ERNS.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 5.39 | -4.04 |
Sortino ratioReturn per unit of downside risk | -1.33 | 9.29 | -10.62 |
Omega ratioGain probability vs. loss probability | 0.03 | 2.44 | -2.40 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 23.48 | -21.97 |
Martin ratioReturn relative to average drawdown | 2.78 | 114.06 | -111.29 |
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
| ERN1.L | ERNS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 5.39 | -4.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 4.19 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 2.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 2.19 | — |
Correlation
The correlation between ERN1.L and ERNS.L is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ERN1.L vs. ERNS.L - Dividend Comparison
ERN1.L's dividend yield for the trailing twelve months is around 271.43%, more than ERNS.L's 5.69% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERN1.L iShares € Ultrashort Bond UCITS ETF | 271.43% | 270.43% | 382.39% | 214.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.00% | 13.08% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 5.69% | 4.65% | 5.42% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% |
Drawdowns
ERN1.L vs. ERNS.L - Drawdown Comparison
The maximum ERN1.L drawdown since its inception was -596.86%, 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 ERN1.L and ERNS.L.
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Drawdown Indicators
| ERN1.L | ERNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -596.86% | -1.51% | -595.35% |
Max Drawdown (1Y)Largest decline over 1 year | -297.73% | -0.19% | -297.54% |
Max Drawdown (5Y)Largest decline over 5 years | -596.86% | -0.36% | -596.50% |
Max Drawdown (10Y)Largest decline over 10 years | -596.86% | -1.51% | -595.35% |
Current DrawdownCurrent decline from peak | -590.68% | 0.00% | -590.68% |
Average DrawdownAverage peak-to-trough decline | -36.27% | -0.05% | -36.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 326.57% | 0.04% | +326.53% |
Volatility
ERN1.L vs. ERNS.L - Volatility Comparison
iShares € Ultrashort Bond UCITS ETF (ERN1.L) has a higher volatility of 1.28% compared to iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) at 0.30%. This indicates that ERN1.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.
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Volatility by Period
| ERN1.L | ERNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 0.30% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 0.61% | +2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 661.69% | 0.84% | +660.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 344.47% | 0.83% | +343.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 243.54% | 0.91% | +242.63% |