ERNA.L vs. VSCA.L
ERNA.L (iShares USD Ultrashort Bond UCITS ETF USD (Acc)) and VSCA.L (Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating) are both Corporate Bonds funds tracking the Bloomberg US Corp 1-3 Yr TR USD, from iShares and Vanguard respectively. Both are passively managed. Over the past 5 years, ERNA.L returned 3.79%/yr vs 2.70%/yr for VSCA.L. At a 0.03 correlation, their price movements are largely independent. Both charge a 0.09% expense ratio.
Performance
ERNA.L vs. VSCA.L - Performance Comparison
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Different Trading Currencies
ERNA.L is traded in USD, while VSCA.L is traded in GBP. To make them comparable, the VSCA.L 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 1.75% return, which is significantly higher than VSCA.L's 0.97% return.
ERNA.L
- 1D
- 0.00%
- 1M
- 0.31%
- YTD
- 1.75%
- 6M
- 1.92%
- 1Y
- 4.25%
- 3Y*
- 5.14%
- 5Y*
- 3.79%
- 10Y*
- —
VSCA.L
- 1D
- 0.01%
- 1M
- 0.55%
- YTD
- 0.97%
- 6M
- 1.25%
- 1Y
- 4.08%
- 3Y*
- 5.38%
- 5Y*
- 2.70%
- 10Y*
- —
ERNA.L vs. VSCA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ERNA.L iShares USD Ultrashort Bond UCITS ETF USD (Acc) | 1.75% | 4.85% | 5.65% | 5.44% | 1.46% | 0.11% | 1.27% | 2.47% |
VSCA.L Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating | 0.97% | 6.17% | 5.33% | 4.98% | -3.79% | -0.20% | 3.42% | -19.63% |
Correlation
The correlation between ERNA.L and VSCA.L is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.03 |
The correlation between ERNA.L and VSCA.L shifts across timeframes, from -0.11 (1 year) to 0.04 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ERNA.L vs. VSCA.L — Risk / Return Rank
ERNA.L
VSCA.L
ERNA.L vs. VSCA.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 Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating (VSCA.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.
| ERNA.L | VSCA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.00 | ||
| Sortino ratioReturn per unit of downside risk | +3.65 | ||
| Omega ratioGain probability vs. loss probability | 2.05 | 1.17 | +0.89 |
| Calmar ratioReturn relative to maximum drawdown | 13.37 | 3.16 | +10.21 |
| Martin ratioReturn relative to average drawdown | 54.91 | 11.18 | +43.73 |
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Drawdowns
ERNA.L vs. VSCA.L - Drawdown Comparison
The maximum ERNA.L drawdown since its inception was -8.63%, smaller than the maximum VSCA.L drawdown of -27.44%. Use the drawdown chart below to compare losses from any high point for ERNA.L and VSCA.L.
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Drawdown Indicators
| ERNA.L | VSCA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.63% | -27.44% | +18.81% |
Max Drawdown (1Y)Largest decline over 1 year | -0.32% | -1.28% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -0.33% | -19.35% | +19.02% |
Max Drawdown (5Y)Largest decline over 5 years | -0.81% | -19.35% | +18.54% |
Current DrawdownCurrent decline from peak | -0.00% | -7.38% | +7.38% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -16.83% | +16.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 0.36% | -0.28% |
Volatility
ERNA.L vs. VSCA.L - Volatility Comparison
The current volatility for iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.L) is 0.39%, while Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating (VSCA.L) has a volatility of 1.63%. This indicates that ERNA.L experiences smaller price fluctuations and is considered to be less risky than VSCA.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 | VSCA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.39% | 1.63% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 1.22% | 3.61% | -2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.43% | 4.26% | -2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.24% | 14.78% | -13.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.25% | 15.58% | -13.33% |
ERNA.L vs. VSCA.L - Expense Ratio Comparison
Both ERNA.L and VSCA.L have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ERNA.L vs. VSCA.L - Dividend Comparison
Neither ERNA.L nor VSCA.L has paid dividends to shareholders.
Frequently Asked Questions
ERNA.L and VSCA.L have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ERNA.L and VSCA.L have the same expense ratio: 0.09% per year.
Both ETFs track Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: iShares and Vanguard.
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