ERNA.L vs. JER5.DE
ERNA.L (iShares USD Ultrashort Bond UCITS ETF USD (Acc)) and JER5.DE (JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF) are both exchange-traded funds - ERNA.L is a Corporate Bonds fund tracking the Bloomberg US Corp 1-3 Yr TR USD, while JER5.DE is a European Corporate Bonds fund tracking the JP Morgan EUR Corporate Bond 1-5 Research Enhanced Index (ESG). Both are passively managed. Over the past 5 years, ERNA.L returned 3.77%/yr vs 0.20%/yr for JER5.DE. At a 0.12 correlation, their price movements are largely independent. ERNA.L charges 0.09%/yr vs 0.04%/yr for JER5.DE.
Performance
ERNA.L vs. JER5.DE - Performance Comparison
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Different Trading Currencies
ERNA.L is traded in USD, while JER5.DE is traded in EUR. To make them comparable, the JER5.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ERNA.L achieves a 1.64% return, which is significantly higher than JER5.DE's -0.68% return.
ERNA.L
- 1D
- 0.11%
- 1M
- 0.35%
- YTD
- 1.64%
- 6M
- 1.95%
- 1Y
- 4.36%
- 3Y*
- 5.21%
- 5Y*
- 3.77%
- 10Y*
- —
JER5.DE
- 1D
- 0.18%
- 1M
- -0.91%
- YTD
- -0.68%
- 6M
- 0.21%
- 1Y
- 3.71%
- 3Y*
- 7.16%
- 5Y*
- 0.20%
- 10Y*
- —
ERNA.L vs. JER5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ERNA.L iShares USD Ultrashort Bond UCITS ETF USD (Acc) | 1.64% | 4.75% | 5.66% | 5.50% | 1.46% | 0.11% | 1.27% | 3.19% | 0.13% |
JER5.DE JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF | -0.68% | 16.76% | -1.65% | 9.57% | -12.89% | -8.13% | 10.59% | 0.27% | 0.93% |
Correlation
The correlation between ERNA.L and JER5.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.12 |
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Return for Risk
ERNA.L vs. JER5.DE — Risk / Return Rank
ERNA.L
JER5.DE
ERNA.L vs. JER5.DE - 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 JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (JER5.DE). 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 | JER5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.10 | ||
| Sortino ratioReturn per unit of downside risk | +7.47 | ||
| Omega ratioGain probability vs. loss probability | 2.31 | 1.10 | +1.21 |
| Calmar ratioReturn relative to maximum drawdown | 21.10 | 0.61 | +20.49 |
| Martin ratioReturn relative to average drawdown | 82.85 | 1.65 | +81.20 |
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 | JER5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.65 | 0.54 | +4.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 4.03 | 0.02 | +4.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.43 | 0.19 | +1.24 |
Drawdowns
ERNA.L vs. JER5.DE - Drawdown Comparison
The maximum ERNA.L drawdown since its inception was -8.63%, smaller than the maximum JER5.DE drawdown of -29.33%. Use the drawdown chart below to compare losses from any high point for ERNA.L and JER5.DE.
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Drawdown Indicators
| ERNA.L | JER5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.63% | -29.33% | +20.70% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -6.21% | +6.01% |
Max Drawdown (3Y)Largest decline over 3 years | -0.38% | -7.91% | +7.53% |
Max Drawdown (5Y)Largest decline over 5 years | -0.81% | -28.51% | +27.70% |
Current DrawdownCurrent decline from peak | 0.00% | -3.60% | +3.60% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -8.71% | +8.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 2.30% | -2.25% |
Volatility
ERNA.L vs. JER5.DE - Volatility Comparison
The current volatility for iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.L) is 0.30%, while JPMorgan EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF (JER5.DE) has a volatility of 1.61%. This indicates that ERNA.L experiences smaller price fluctuations and is considered to be less risky than JER5.DE 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 | JER5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.30% | 1.61% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 0.86% | 5.15% | -4.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.93% | 6.99% | -6.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.93% | 8.26% | -7.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.17% | 8.02% | -5.85% |
ERNA.L vs. JER5.DE - Expense Ratio Comparison
ERNA.L has a 0.09% expense ratio, which is higher than JER5.DE's 0.04% 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
ERNA.L vs. JER5.DE - Dividend Comparison
Neither ERNA.L nor JER5.DE has paid dividends to shareholders.
Frequently Asked Questions
ERNA.L and JER5.DE 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, JER5.DE is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JER5.DE is cheaper with a 0.04% expense ratio, compared with 0.09% for ERNA.L.
ERNA.L is categorized as Corporate Bonds, while JER5.DE is European Corporate Bonds. ERNA.L tracks Bloomberg US Corp 1-3 Yr TR USD, while JER5.DE tracks JP Morgan EUR Corporate Bond 1-5 Research Enhanced Index (ESG). They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.09% for ERNA.L and 0.04% for JER5.DE.
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