ERNE.L vs. BBIL.L
ERNE.L (iShares € Ultrashort Bond UCITS ETF EUR (Dist)) and BBIL.L (JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc) are both exchange-traded funds - ERNE.L is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR), while BBIL.L is a Short-Term Bond fund tracking the ICE BofA 0-1Y US Treasury TR USD. Both are passively managed. Over the past 5 years, ERNE.L returned 2.15%/yr vs 4.09%/yr for BBIL.L. At a correlation of -0.00, they often move in opposite directions. ERNE.L charges 0.09%/yr vs 0.10%/yr for BBIL.L.
Performance
ERNE.L vs. BBIL.L - Performance Comparison
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Different Trading Currencies
ERNE.L is traded in EUR, while BBIL.L is traded in USD. To make them comparable, the BBIL.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ERNE.L achieves a 1.15% return, which is significantly lower than BBIL.L's 4.58% return.
ERNE.L
- 1D
- -0.03%
- 1M
- 0.20%
- 6M
- 1.04%
- YTD
- 1.15%
- 1Y
- 2.14%
- 3Y*
- 3.26%
- 5Y*
- 2.15%
- 10Y*
- 1.03%
BBIL.L
- 1D
- 0.02%
- 1M
- 0.80%
- 6M
- 3.13%
- YTD
- 4.58%
- 1Y
- 5.23%
- 3Y*
- 3.96%
- 5Y*
- 4.09%
- 10Y*
- —
ERNE.L vs. BBIL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ERNE.L iShares € Ultrashort Bond UCITS ETF EUR (Dist) | 1.15% | 2.59% | 4.15% | 3.38% | -0.24% | -0.36% | 0.07% | 0.05% |
BBIL.L JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc | 4.58% | -8.07% | 12.10% | 1.76% | 7.34% | 7.45% | -7.55% | 0.94% |
Correlation
The correlation between ERNE.L and BBIL.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 | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2019 | -0.00 |
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Return for Risk
ERNE.L vs. BBIL.L — Risk / Return Rank
ERNE.L
BBIL.L
ERNE.L vs. BBIL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Ultrashort Bond UCITS ETF EUR (Dist) (ERNE.L) and JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc (BBIL.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.
| ERNE.L | BBIL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.82 | ||
| Sortino ratioReturn per unit of downside risk | +5.00 | ||
| Omega ratioGain probability vs. loss probability | 1.86 | 1.15 | +0.70 |
| Calmar ratioReturn relative to maximum drawdown | 11.97 | 1.36 | +10.60 |
| Martin ratioReturn relative to average drawdown | 66.31 | 3.47 | +62.84 |
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Drawdowns
ERNE.L vs. BBIL.L - Drawdown Comparison
The maximum ERNE.L drawdown since its inception was -3.05%, smaller than the maximum BBIL.L drawdown of -13.51%. Use the drawdown chart below to compare losses from any high point for ERNE.L and BBIL.L.
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Drawdown Indicators
| ERNE.L | BBIL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.05% | -13.51% | +10.46% |
Max Drawdown (1Y)Largest decline over 1 year | -0.18% | -3.82% | +3.64% |
Max Drawdown (3Y)Largest decline over 3 years | -0.33% | -11.54% | +11.21% |
Max Drawdown (5Y)Largest decline over 5 years | -1.12% | -11.80% | +10.68% |
Max Drawdown (10Y)Largest decline over 10 years | -3.05% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | -5.07% | +5.04% |
Average DrawdownAverage peak-to-trough decline | -0.28% | -6.18% | +5.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 1.50% | -1.47% |
Volatility
ERNE.L vs. BBIL.L - Volatility Comparison
The current volatility for iShares € Ultrashort Bond UCITS ETF EUR (Dist) (ERNE.L) is 0.20%, while JPM BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD Acc (BBIL.L) has a volatility of 1.17%. This indicates that ERNE.L experiences smaller price fluctuations and is considered to be less risky than BBIL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERNE.L | BBIL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.20% | 1.17% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 0.48% | 4.45% | -3.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.58% | 6.15% | -5.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.60% | 7.59% | -6.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.76% | 7.41% | -6.65% |
ERNE.L vs. BBIL.L - Expense Ratio Comparison
ERNE.L has a 0.09% expense ratio, which is lower than BBIL.L's 0.10% 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
ERNE.L vs. BBIL.L - Dividend Comparison
ERNE.L's dividend yield for the trailing twelve months is around 2.33%, while BBIL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBIL.L JPM BetaBuilders US Treasury Bond 0-1 yr 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% |
ERNE.L iShares € Ultrashort Bond UCITS ETF EUR (Dist) | 2.33% | 2.74% | 3.80% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.13% |
Frequently Asked Questions
ERNE.L and BBIL.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, ERNE.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERNE.L is cheaper with a 0.09% expense ratio, compared with 0.10% for BBIL.L.
ERNE.L is categorized as Ultrashort Bond, while BBIL.L is Short-Term Bond. ERNE.L tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR), while BBIL.L tracks ICE BofA 0-1Y US Treasury TR USD. They also come from different issuers: iShares and J.P. Morgan. Their fees differ too: 0.09% for ERNE.L and 0.10% for BBIL.L.
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