ERNA.L vs. IBDT
Compare and contrast key facts about iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.L) and iShares iBonds Dec 2028 Term Corporate ETF (IBDT).
ERNA.L and IBDT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ERNA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Corp 1-3 Yr TR USD. It was launched on Jun 29, 2018. IBDT is a passively managed fund by iShares that tracks the performance of the Bloomberg December 2028 Maturity Corporate Index. It was launched on Sep 18, 2018. Both ERNA.L and IBDT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ERNA.L vs. IBDT - Performance Comparison
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ERNA.L vs. IBDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ERNA.L iShares USD Ultrashort Bond UCITS ETF USD (Acc) | 0.82% | 4.75% | 5.66% | 5.50% | 1.46% | 0.11% | 1.27% | 3.19% | 0.46% |
IBDT iShares iBonds Dec 2028 Term Corporate ETF | 0.29% | 7.02% | 3.97% | 7.72% | -11.42% | -1.90% | 9.62% | 15.15% | 1.19% |
Returns By Period
In the year-to-date period, ERNA.L achieves a 0.82% return, which is significantly higher than IBDT's 0.29% return.
ERNA.L
- 1D
- -0.06%
- 1M
- 0.24%
- YTD
- 0.82%
- 6M
- 1.95%
- 1Y
- 4.33%
- 3Y*
- 5.23%
- 5Y*
- 3.63%
- 10Y*
- —
IBDT
- 1D
- 0.05%
- 1M
- -0.34%
- YTD
- 0.29%
- 6M
- 1.36%
- 1Y
- 4.98%
- 3Y*
- 5.17%
- 5Y*
- 1.58%
- 10Y*
- —
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ERNA.L vs. IBDT - Expense Ratio Comparison
ERNA.L has a 0.09% expense ratio, which is lower than IBDT's 0.10% 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%.
Return for Risk
ERNA.L vs. IBDT — Risk / Return Rank
ERNA.L
IBDT
ERNA.L vs. IBDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.L) and iShares iBonds Dec 2028 Term Corporate ETF (IBDT). 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.
| ERNA.L | IBDT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.63 | 2.30 | +2.32 |
Sortino ratioReturn per unit of downside risk | 7.59 | 3.36 | +4.23 |
Omega ratioGain probability vs. loss probability | 2.29 | 1.51 | +0.79 |
Calmar ratioReturn relative to maximum drawdown | 11.44 | 3.83 | +7.61 |
Martin ratioReturn relative to average drawdown | 81.05 | 16.87 | +64.18 |
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
| ERNA.L | IBDT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.63 | 2.30 | +2.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 4.04 | 0.31 | +3.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.40 | 0.61 | +0.79 |
Correlation
The correlation between ERNA.L and IBDT is 0.13, 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
ERNA.L vs. IBDT - Dividend Comparison
ERNA.L has not paid dividends to shareholders, while IBDT's dividend yield for the trailing twelve months is around 4.57%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ERNA.L iShares USD Ultrashort Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBDT iShares iBonds Dec 2028 Term Corporate ETF | 4.57% | 4.56% | 4.67% | 4.10% | 3.25% | 2.45% | 2.80% | 3.32% | 1.47% |
Drawdowns
ERNA.L vs. IBDT - Drawdown Comparison
The maximum ERNA.L drawdown since its inception was -8.63%, smaller than the maximum IBDT drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for ERNA.L and IBDT.
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Drawdown Indicators
| ERNA.L | IBDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.63% | -17.79% | +9.16% |
Max Drawdown (1Y)Largest decline over 1 year | -0.38% | -1.31% | +0.93% |
Max Drawdown (5Y)Largest decline over 5 years | -0.81% | -17.68% | +16.87% |
Current DrawdownCurrent decline from peak | -0.06% | -0.45% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -4.25% | +4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 0.30% | -0.25% |
Volatility
ERNA.L vs. IBDT - Volatility Comparison
The current volatility for iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.L) is 0.50%, while iShares iBonds Dec 2028 Term Corporate ETF (IBDT) has a volatility of 0.74%. This indicates that ERNA.L experiences smaller price fluctuations and is considered to be less risky than IBDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERNA.L | IBDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 0.74% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 0.63% | 1.07% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.93% | 2.17% | -1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.90% | 5.11% | -4.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.18% | 6.44% | -4.26% |