ERNS.L vs. 3IN.L
ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) is Ultrashort Bond fund actively managed by iShares, while 3IN.L (3I Infrastructure plc) is a stock. Over the past 10 years, ERNS.L returned 2.20%/yr vs 11.20%/yr for 3IN.L. At a 0.04 correlation, their price movements are largely independent.
Performance
ERNS.L vs. 3IN.L - Performance Comparison
Loading charts...
Different Trading Currencies
ERNS.L is traded in GBP, while 3IN.L is traded in GBp. To make them comparable, the 3IN.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, ERNS.L achieves a 1.58% return, which is significantly higher than 3IN.L's -0.67% return. Over the past 10 years, ERNS.L has underperformed 3IN.L with an annualized return of 2.20%, while 3IN.L has yielded a comparatively higher 11.20% annualized return.
ERNS.L
- 1D
- 0.06%
- 1M
- 0.45%
- YTD
- 1.58%
- 6M
- 1.96%
- 1Y
- 4.41%
- 3Y*
- 5.11%
- 5Y*
- 3.62%
- 10Y*
- 2.20%
3IN.L
- 1D
- 0.95%
- 1M
- -0.67%
- YTD
- -0.67%
- 6M
- -0.54%
- 1Y
- 15.03%
- 3Y*
- 9.53%
- 5Y*
- 7.60%
- 10Y*
- 11.20%
ERNS.L vs. 3IN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 1.58% | 4.84% | 5.54% | 4.76% | 1.54% | 0.13% | 0.77% | 1.27% | 0.58% | 0.57% |
3IN.L 3I Infrastructure plc | -0.67% | 22.18% | 2.54% | -0.26% | -2.67% | 18.80% | 8.07% | 17.48% | 21.28% | 15.84% |
Correlation
The correlation between ERNS.L and 3IN.L is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2013 | 0.04 |
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
ERNS.L vs. 3IN.L — Risk / Return Rank
ERNS.L
3IN.L
ERNS.L vs. 3IN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) and 3I Infrastructure plc (3IN.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.
| ERNS.L | 3IN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.39 | ||
| Sortino ratioReturn per unit of downside risk | +8.07 | ||
| Omega ratioGain probability vs. loss probability | 2.39 | 1.17 | +1.23 |
| Calmar ratioReturn relative to maximum drawdown | 20.38 | 0.98 | +19.40 |
| Martin ratioReturn relative to average drawdown | 108.76 | 2.83 | +105.93 |
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
| ERNS.L | 3IN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.30 | 0.91 | +4.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 4.34 | 0.42 | +3.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.38 | 0.53 | +1.85 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.23 | 0.57 | +1.66 |
Drawdowns
ERNS.L vs. 3IN.L - Drawdown Comparison
The maximum ERNS.L drawdown since its inception was -1.51%, smaller than the maximum 3IN.L drawdown of -41.42%. Use the drawdown chart below to compare losses from any high point for ERNS.L and 3IN.L.
Loading charts...
Drawdown Indicators
| ERNS.L | 3IN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.51% | -41.42% | +39.91% |
Max Drawdown (1Y)Largest decline over 1 year | -0.22% | -15.32% | +15.10% |
Max Drawdown (3Y)Largest decline over 3 years | -0.22% | -15.32% | +15.10% |
Max Drawdown (5Y)Largest decline over 5 years | -0.36% | -20.10% | +19.74% |
Max Drawdown (10Y)Largest decline over 10 years | -1.51% | -41.42% | +39.91% |
Current DrawdownCurrent decline from peak | 0.00% | -3.51% | +3.51% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -4.48% | +4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 5.30% | -5.26% |
Volatility
ERNS.L vs. 3IN.L - Volatility Comparison
The current volatility for iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) is 0.36%, while 3I Infrastructure plc (3IN.L) has a volatility of 4.12%. This indicates that ERNS.L experiences smaller price fluctuations and is considered to be less risky than 3IN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ERNS.L | 3IN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 4.12% | -3.76% |
Volatility (6M)Calculated over the trailing 6-month period | 0.68% | 12.24% | -11.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.84% | 16.47% | -15.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.83% | 17.94% | -17.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.92% | 21.23% | -20.31% |
Dividends
ERNS.L vs. 3IN.L - Dividend Comparison
ERNS.L's dividend yield for the trailing twelve months is around 5.65%, more than 3IN.L's 3.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
3IN.L 3I Infrastructure plc | 3.51% | 3.49% | 3.87% | 3.58% | 3.23% | 2.86% | 3.08% | 3.03% | 15.84% | 3.70% | 3.96% | 13.36% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 5.65% | 4.65% | 5.42% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% |
Frequently Asked Questions
ERNS.L and 3IN.L have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for ERNS.L and 3IN.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