ERND.L vs. VUSC.L
ERND.L (iShares $ Ultrashort Bond UCITS ETF USD (Dist)) and VUSC.L (Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist)) are both exchange-traded funds - ERND.L is a Ultrashort Bond fund tracking the Markit iBoxx USD Liquid Investment Grade Ultrashort Index (USD), while VUSC.L is a Corporate Bonds fund tracking the Bloomberg Global Aggregate Corporate – United States Dollar Index 1-3 Year. Both are passively managed. Over the past 5 years, ERND.L returned 3.84%/yr vs 2.73%/yr for VUSC.L. At a correlation of -0.01, they often move in opposite directions. Both charge a 0.09% expense ratio.
Performance
ERND.L vs. VUSC.L - Performance Comparison
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Different Trading Currencies
ERND.L is traded in USD, while VUSC.L is traded in GBP. To make them comparable, the VUSC.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ERND.L achieves a 2.05% return, which is significantly higher than VUSC.L's 1.24% return.
ERND.L
- 1D
- 0.05%
- 1M
- 0.27%
- 6M
- 1.87%
- YTD
- 2.05%
- 1Y
- 4.24%
- 3Y*
- 5.09%
- 5Y*
- 3.84%
- 10Y*
- 2.77%
VUSC.L
- 1D
- 0.03%
- 1M
- 1.07%
- 6M
- 1.40%
- YTD
- 1.24%
- 1Y
- 4.03%
- 3Y*
- 5.38%
- 5Y*
- 2.73%
- 10Y*
- —
ERND.L vs. VUSC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ERND.L iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 2.05% | 4.84% | 5.55% | 5.09% | 2.03% | 0.00% | 1.21% | 3.03% | 1.40% |
VUSC.L Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist) | 1.24% | 6.12% | 5.39% | 4.92% | -3.82% | 0.16% | 3.09% | 6.20% | 0.60% |
Correlation
The correlation between ERND.L and VUSC.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 | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 22, 2018 | -0.01 |
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Return for Risk
ERND.L vs. VUSC.L — Risk / Return Rank
ERND.L
VUSC.L
ERND.L vs. VUSC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Ultrashort Bond UCITS ETF USD (Dist) (ERND.L) and Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist) (VUSC.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.
| ERND.L | VUSC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.37 | ||
| Sortino ratioReturn per unit of downside risk | +7.79 | ||
| Omega ratioGain probability vs. loss probability | 2.37 | 1.17 | +1.20 |
| Calmar ratioReturn relative to maximum drawdown | 21.13 | 3.33 | +17.80 |
| Martin ratioReturn relative to average drawdown | 103.65 | 11.62 | +92.04 |
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Drawdowns
ERND.L vs. VUSC.L - Drawdown Comparison
The maximum ERND.L drawdown since its inception was -7.48%, smaller than the maximum VUSC.L drawdown of -11.28%. Use the drawdown chart below to compare losses from any high point for ERND.L and VUSC.L.
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Drawdown Indicators
| ERND.L | VUSC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.48% | -11.28% | +3.80% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -1.21% | +1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -0.64% | -1.21% | +0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -1.06% | -7.26% | +6.20% |
Max Drawdown (10Y)Largest decline over 10 years | -7.48% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.36% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -1.24% | +1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 0.35% | -0.31% |
Volatility
ERND.L vs. VUSC.L - Volatility Comparison
The current volatility for iShares $ Ultrashort Bond UCITS ETF USD (Dist) (ERND.L) is 0.21%, while Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist) (VUSC.L) has a volatility of 1.06%. This indicates that ERND.L experiences smaller price fluctuations and is considered to be less risky than VUSC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERND.L | VUSC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.21% | 1.06% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 0.66% | 3.51% | -2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.79% | 4.16% | -3.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.26% | 4.90% | -3.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.08% | 5.68% | -3.60% |
ERND.L vs. VUSC.L - Expense Ratio Comparison
Both ERND.L and VUSC.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
ERND.L vs. VUSC.L - Dividend Comparison
ERND.L's dividend yield for the trailing twelve months is around 4.31%, less than VUSC.L's 4.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERND.L iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 4.31% | 4.70% | 5.54% | 5.00% | 1.57% | 0.49% | 1.55% | 2.71% | 2.19% | 1.39% | 0.99% | 0.72% |
VUSC.L Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist) | 4.46% | 4.94% | 4.85% | 4.15% | 1.92% | 1.03% | 2.12% | 2.92% | 1.75% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ERND.L and VUSC.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.
Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ERND.L and VUSC.L have the same expense ratio: 0.09% per year.
ERND.L is categorized as Ultrashort Bond, while VUSC.L is Corporate Bonds. ERND.L tracks Markit iBoxx USD Liquid Investment Grade Ultrashort Index (USD), while VUSC.L tracks Bloomberg Global Aggregate Corporate – United States Dollar Index 1-3 Year. They also come from different issuers: iShares and Vanguard.
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