ERN1.L vs. QUID.L
ERN1.L (iShares € Ultrashort Bond UCITS ETF) and QUID.L (PIMCO Sterling Short Maturity UCITS ETF GBP (Dist)) are both Ultrashort Bond funds. ERN1.L is passively managed, while QUID.L is actively managed. Over the past 10 years, ERN1.L returned 1.17%/yr vs 1.99%/yr for QUID.L. At a correlation of -0.00, they often move in opposite directions. ERN1.L charges 0.09%/yr vs 0.19%/yr for QUID.L.
Performance
ERN1.L vs. QUID.L - Performance Comparison
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Returns By Period
In the year-to-date period, ERN1.L achieves a -1.55% return, which is significantly lower than QUID.L's 2.06% return. Over the past 10 years, ERN1.L has underperformed QUID.L with an annualized return of 1.17%, while QUID.L has yielded a comparatively higher 1.99% annualized return.
ERN1.L
- 1D
- -0.02%
- 1M
- -1.75%
- 6M
- -0.92%
- YTD
- -1.55%
- 1Y
- 0.20%
- 3Y*
- 2.65%
- 5Y*
- 1.87%
- 10Y*
- 1.17%
- ALL TIME*
- -0.38%
QUID.L
- 1D
- -0.02%
- 1M
- 0.22%
- 6M
- 1.79%
- YTD
- 2.06%
- 1Y
- 4.18%
- 3Y*
- 5.04%
- 5Y*
- 3.26%
- 10Y*
- 1.99%
- ALL TIME*
- 1.53%
ERN1.L vs. QUID.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERN1.L iShares € Ultrashort Bond UCITS ETF | -1.55% | 8.04% | -0.60% | 1.37% | 5.27% | -6.83% | 5.66% | -4.76% | 0.45% | 3.37% |
QUID.L PIMCO Sterling Short Maturity UCITS ETF GBP (Dist) | 2.06% | 4.89% | 5.67% | 4.95% | -0.96% | -0.07% | 0.71% | 1.57% | 0.26% | 0.52% |
Correlation
The correlation between ERN1.L and QUID.L is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2013 | -0.00 |
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Return for Risk
ERN1.L vs. QUID.L — Risk / Return Rank
ERN1.L
QUID.L
ERN1.L vs. QUID.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Ultrashort Bond UCITS ETF (ERN1.L) and PIMCO Sterling Short Maturity UCITS ETF GBP (Dist) (QUID.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.
| ERN1.L | QUID.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.67 | ||
| Sortino ratioReturn per unit of downside risk | -10.13 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 2.68 | -1.66 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 9.31 | -9.23 |
| Martin ratioReturn relative to average drawdown | 0.19 | 74.42 | -74.23 |
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Drawdowns
ERN1.L vs. QUID.L - Drawdown Comparison
The maximum ERN1.L drawdown since its inception was -29.99%, which is greater than QUID.L's maximum drawdown of -2.47%. Use the drawdown chart below to compare losses from any high point for ERN1.L and QUID.L.
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Drawdown Indicators
| ERN1.L | QUID.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.99% | -2.47% | -27.52% |
Max Drawdown (1Y)Largest decline over 1 year | -2.69% | -0.45% | -2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -2.97% | -0.45% | -2.52% |
Max Drawdown (5Y)Largest decline over 5 years | -4.70% | -2.47% | -2.23% |
Max Drawdown (10Y)Largest decline over 10 years | -11.78% | -2.47% | -9.31% |
Current DrawdownCurrent decline from peak | -4.78% | -0.04% | -4.74% |
Average DrawdownAverage peak-to-trough decline | -13.26% | -0.21% | -13.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.06% | +0.98% |
Volatility
ERN1.L vs. QUID.L - Volatility Comparison
iShares € Ultrashort Bond UCITS ETF (ERN1.L) has a higher volatility of 1.07% compared to PIMCO Sterling Short Maturity UCITS ETF GBP (Dist) (QUID.L) at 0.18%. This indicates that ERN1.L's price experiences larger fluctuations and is considered to be riskier than QUID.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 | QUID.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 0.18% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 0.64% | +2.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 0.73% | +3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 0.74% | +4.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.60% | 0.62% | +5.98% |
ERN1.L vs. QUID.L - Expense Ratio Comparison
ERN1.L has a 0.09% expense ratio, which is lower than QUID.L's 0.19% 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
ERN1.L vs. QUID.L - Dividend Comparison
ERN1.L's dividend yield for the trailing twelve months is around 2.38%, less than QUID.L's 3.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERN1.L iShares € Ultrashort Bond UCITS ETF | 2.38% | 2.70% | 3.82% | 2.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.13% |
QUID.L PIMCO Sterling Short Maturity UCITS ETF GBP (Dist) | 3.84% | 4.19% | 4.67% | 3.69% | 0.66% | 0.08% | 0.31% | 0.73% | 0.52% | 0.33% | 0.59% | 0.55% |
Frequently Asked Questions
ERN1.L and QUID.L have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERN1.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERN1.L is cheaper with a 0.09% expense ratio, compared with 0.19% for QUID.L.
They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.09% for ERN1.L and 0.19% for QUID.L.
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