ERN1.L vs. THNQ
ERN1.L (iShares € Ultrashort Bond UCITS ETF) and THNQ (ROBO Global Artificial Intelligence ETF) are both exchange-traded funds - ERN1.L is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index, while THNQ is a Technology Equities fund tracking the ROBO Global Artificial Intelligence Index. Both are passively managed. Over the past 5 years, ERN1.L returned 12.09%/yr vs 18.95%/yr for THNQ. At a 0.02 correlation, their price movements are largely independent. ERN1.L charges 0.09%/yr vs 0.68%/yr for THNQ.
Performance
ERN1.L vs. THNQ - Performance Comparison
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Different Trading Currencies
ERN1.L is traded in GBP, while THNQ is traded in USD. To make them comparable, the THNQ values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, ERN1.L achieves a -0.66% return, which is significantly lower than THNQ's 43.26% return.
ERN1.L
- 1D
- 0.17%
- 1M
- 0.50%
- YTD
- -0.66%
- 6M
- -1.68%
- 1Y
- 1.60%
- 3Y*
- 20.59%
- 5Y*
- 12.09%
- 10Y*
- 7.14%
THNQ
- 1D
- -0.95%
- 1M
- 20.21%
- YTD
- 43.26%
- 6M
- 38.30%
- 1Y
- 77.90%
- 3Y*
- 33.89%
- 5Y*
- 18.95%
- 10Y*
- —
ERN1.L vs. THNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ERN1.L iShares € Ultrashort Bond UCITS ETF | -0.66% | 5.12% | -4.27% | 72.37% | 5.26% | -6.83% | 3.45% |
THNQ ROBO Global Artificial Intelligence ETF | 43.26% | 20.58% | 20.89% | 48.97% | -32.69% | 10.13% | 43.00% |
Correlation
The correlation between ERN1.L and THNQ is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since May 12, 2020 | 0.02 |
The correlation between ERN1.L and THNQ shifts across timeframes, from -0.18 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ERN1.L vs. THNQ — Risk / Return Rank
ERN1.L
THNQ
ERN1.L vs. THNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Ultrashort Bond UCITS ETF (ERN1.L) and ROBO Global Artificial Intelligence ETF (THNQ). 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 | THNQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.47 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 4.17 | -3.71 |
| Martin ratioReturn relative to average drawdown | 0.92 | 11.71 | -10.79 |
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 | THNQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 3.08 | -2.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.70 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.81 | -0.41 |
Drawdowns
ERN1.L vs. THNQ - Drawdown Comparison
The maximum ERN1.L drawdown since its inception was -11.79%, smaller than the maximum THNQ drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for ERN1.L and THNQ.
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Drawdown Indicators
| ERN1.L | THNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.79% | -42.37% | +30.58% |
Max Drawdown (1Y)Largest decline over 1 year | -3.41% | -18.76% | +15.35% |
Max Drawdown (3Y)Largest decline over 3 years | -6.78% | -31.37% | +24.59% |
Max Drawdown (5Y)Largest decline over 5 years | -6.78% | -42.37% | +35.59% |
Max Drawdown (10Y)Largest decline over 10 years | -11.79% | — | — |
Current DrawdownCurrent decline from peak | -2.62% | -2.79% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -13.10% | +8.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 6.68% | -4.94% |
Volatility
ERN1.L vs. THNQ - Volatility Comparison
The current volatility for iShares € Ultrashort Bond UCITS ETF (ERN1.L) is 1.20%, while ROBO Global Artificial Intelligence ETF (THNQ) has a volatility of 8.13%. This indicates that ERN1.L experiences smaller price fluctuations and is considered to be less risky than THNQ 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 | THNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 8.13% | -6.93% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 19.42% | -16.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.35% | 25.41% | -21.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.29% | 27.36% | +5.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.27% | 27.02% | -2.75% |
ERN1.L vs. THNQ - Expense Ratio Comparison
ERN1.L has a 0.09% expense ratio, which is lower than THNQ's 0.68% expense ratio.
Dividends
ERN1.L vs. THNQ - Dividend Comparison
ERN1.L has not paid dividends to shareholders, while THNQ's dividend yield for the trailing twelve months is around 0.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERN1.L iShares € Ultrashort Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 41.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.00% | 13.08% |
THNQ ROBO Global Artificial Intelligence ETF | 0.14% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ERN1.L and THNQ have a correlation of -0.18, 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 0.68% for THNQ.
ERN1.L is categorized as Ultrashort Bond, while THNQ is Technology Equities. ERN1.L tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index, while THNQ tracks ROBO Global Artificial Intelligence Index. They also come from different issuers: iShares and Exchange Traded Concepts. Their fees differ too: 0.09% for ERN1.L and 0.68% for THNQ.
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