ERNA.L vs. XZBU.L
ERNA.L (iShares USD Ultrashort Bond UCITS ETF USD (Acc)) and XZBU.L (Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C) are both Corporate Bonds funds - ERNA.L tracks the Bloomberg US Corp 1-3 Yr TR USD while XZBU.L tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. At a 0.16 correlation, their price movements are largely independent. ERNA.L charges 0.09%/yr vs 0.16%/yr for XZBU.L.
Performance
ERNA.L vs. XZBU.L - Performance Comparison
Loading charts...
Different Trading Currencies
ERNA.L is traded in USD, while XZBU.L is traded in GBP. To make them comparable, the XZBU.L values have been converted to USD using the latest available exchange rates.
Returns By Period
ERNA.L
- 1D
- 0.11%
- 1M
- 0.35%
- YTD
- 1.64%
- 6M
- 1.95%
- 1Y
- 4.36%
- 3Y*
- 5.21%
- 5Y*
- 3.77%
- 10Y*
- —
XZBU.L
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ERNA.L vs. XZBU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ERNA.L iShares USD Ultrashort Bond UCITS ETF USD (Acc) | 1.64% | 4.75% | 5.66% | 5.50% | 1.46% | 0.11% | 0.18% |
XZBU.L Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C | 34.79% | 8.26% | 0.97% | 8.41% | -18.49% | -1.77% | 3.62% |
Correlation
The correlation between ERNA.L and XZBU.L is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2020 | 0.16 |
The correlation between ERNA.L and XZBU.L shifts across timeframes, from 0.05 (1 year) to 0.18 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ERNA.L vs. XZBU.L — Risk / Return Rank
ERNA.L
XZBU.L
ERNA.L vs. XZBU.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 Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C (XZBU.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 | XZBU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 2.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 21.10 | — | — |
| Martin ratioReturn relative to average drawdown | 82.85 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ERNA.L | XZBU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.65 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 4.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.43 | — | — |
Drawdowns
ERNA.L vs. XZBU.L - Drawdown Comparison
Loading charts...
Drawdown Indicators
| ERNA.L | XZBU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.63% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -0.38% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -0.81% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | — | — |
Average DrawdownAverage peak-to-trough decline | -0.10% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | — | — |
Volatility
ERNA.L vs. XZBU.L - Volatility Comparison
Loading charts...
Volatility by Period
| ERNA.L | XZBU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.30% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.86% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.93% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.93% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.17% | — | — |
ERNA.L vs. XZBU.L - Expense Ratio Comparison
ERNA.L has a 0.09% expense ratio, which is lower than XZBU.L's 0.16% 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%.
Dividends
ERNA.L vs. XZBU.L - Dividend Comparison
Neither ERNA.L nor XZBU.L has paid dividends to shareholders.
Frequently Asked Questions
ERNA.L and XZBU.L have a correlation of 0.05, 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 0.16% for XZBU.L.
ERNA.L tracks Bloomberg US Corp 1-3 Yr TR USD, while XZBU.L tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.09% for ERNA.L and 0.16% for XZBU.L.
Find the right allocation for ERNA.L and XZBU.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer