ERNA.L vs. LDCU.L
ERNA.L (iShares USD Ultrashort Bond UCITS ETF USD (Acc)) and LDCU.L (PIMCO US Low Duration Corporate Bond UCITS ETF Dist) are both Corporate Bonds funds tracking the Bloomberg US Corp 1-3 Yr TR USD, from iShares and PIMCO respectively. Both are passively managed. Over the past 5 years, ERNA.L returned 3.77%/yr vs 2.29%/yr for LDCU.L. At a 0.18 correlation, their price movements are largely independent. ERNA.L charges 0.09%/yr vs 0.49%/yr for LDCU.L.
Performance
ERNA.L vs. LDCU.L - Performance Comparison
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Returns By Period
In the year-to-date period, ERNA.L achieves a 1.64% return, which is significantly higher than LDCU.L's 0.48% 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*
- —
LDCU.L
- 1D
- 0.15%
- 1M
- 0.20%
- YTD
- 0.48%
- 6M
- 0.48%
- 1Y
- 4.20%
- 3Y*
- 5.39%
- 5Y*
- 2.29%
- 10Y*
- 2.92%
ERNA.L vs. LDCU.L - 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% | 1.09% |
LDCU.L PIMCO US Low Duration Corporate Bond UCITS ETF Dist | 0.48% | 6.54% | 5.24% | 6.22% | -5.40% | -0.39% | 4.57% | 7.01% | 1.38% |
Correlation
The correlation between ERNA.L and LDCU.L 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 | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2018 | 0.18 |
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Return for Risk
ERNA.L vs. LDCU.L — Risk / Return Rank
ERNA.L
LDCU.L
ERNA.L vs. LDCU.L - 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 PIMCO US Low Duration Corporate Bond UCITS ETF Dist (LDCU.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.
| ERNA.L | LDCU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.24 | ||
| Sortino ratioReturn per unit of downside risk | +6.14 | ||
| Omega ratioGain probability vs. loss probability | 2.31 | 1.25 | +1.06 |
| Calmar ratioReturn relative to maximum drawdown | 21.10 | 1.99 | +19.11 |
| Martin ratioReturn relative to average drawdown | 82.85 | 7.16 | +75.69 |
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 | LDCU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.65 | 1.40 | +3.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 4.03 | 0.74 | +3.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.43 | 1.09 | +0.34 |
Drawdowns
ERNA.L vs. LDCU.L - Drawdown Comparison
The maximum ERNA.L drawdown since its inception was -8.63%, smaller than the maximum LDCU.L drawdown of -9.42%. Use the drawdown chart below to compare losses from any high point for ERNA.L and LDCU.L.
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Drawdown Indicators
| ERNA.L | LDCU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.63% | -9.42% | +0.79% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -2.10% | +1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -0.38% | -2.10% | +1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -0.81% | -9.42% | +8.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.42% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.62% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -1.27% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 0.59% | -0.54% |
Volatility
ERNA.L vs. LDCU.L - Volatility Comparison
The current volatility for iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.L) is 0.30%, while PIMCO US Low Duration Corporate Bond UCITS ETF Dist (LDCU.L) has a volatility of 0.78%. This indicates that ERNA.L experiences smaller price fluctuations and is considered to be less risky than LDCU.L 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 | LDCU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.30% | 0.78% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 0.86% | 1.80% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.93% | 2.98% | -2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.93% | 3.10% | -2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.17% | 2.69% | -0.52% |
ERNA.L vs. LDCU.L - Expense Ratio Comparison
ERNA.L has a 0.09% expense ratio, which is lower than LDCU.L's 0.49% expense ratio.
Dividends
ERNA.L vs. LDCU.L - Dividend Comparison
ERNA.L has not paid dividends to shareholders, while LDCU.L's dividend yield for the trailing twelve months is around 4.48%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
LDCU.L PIMCO US Low Duration Corporate Bond UCITS ETF Dist | 4.48% | 4.42% | 4.40% | 3.45% | 1.93% | 1.77% | 2.17% | 2.96% | 2.75% | 2.26% | 2.37% | 2.13% |
Frequently Asked Questions
ERNA.L and LDCU.L 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, ERNA.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERNA.L is cheaper with a 0.09% expense ratio, compared with 0.49% for LDCU.L.
Both ETFs track Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.09% for ERNA.L and 0.49% for LDCU.L.
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