ERNS.L vs. BTC-USD
ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) is Ultrashort Bond fund actively managed by iShares, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, ERNS.L returned 2.20%/yr vs 60.74%/yr for BTC-USD. At a correlation of -0.03, they often move in opposite directions.
Performance
ERNS.L vs. BTC-USD - Performance Comparison
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Different Trading Currencies
ERNS.L is traded in GBP, while BTC-USD is traded in USD. To make them comparable, the BTC-USD 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 BTC-USD's -27.84% return. Over the past 10 years, ERNS.L has underperformed BTC-USD with an annualized return of 2.20%, while BTC-USD has yielded a comparatively higher 60.74% annualized return.
ERNS.L
- 1D
- -0.02%
- 1M
- 0.40%
- YTD
- 1.58%
- 6M
- 2.02%
- 1Y
- 4.40%
- 3Y*
- 5.03%
- 5Y*
- 3.63%
- 10Y*
- 2.20%
BTC-USD
- 1D
- -1.24%
- 1M
- -20.33%
- YTD
- -27.84%
- 6M
- -31.14%
- 1Y
- -40.03%
- 3Y*
- 30.55%
- 5Y*
- 12.08%
- 10Y*
- 60.74%
ERNS.L vs. BTC-USD - 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% | 5.55% | 4.76% | 1.53% | 0.14% | 0.77% | 1.28% | 0.58% | 0.57% |
BTC-USD Bitcoin | -27.84% | -12.95% | 125.81% | 140.73% | -59.81% | 60.91% | 292.68% | 86.71% | -73.15% | 1,284.82% |
Correlation
The correlation between ERNS.L and BTC-USD is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2013 | -0.03 |
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Return for Risk
ERNS.L vs. BTC-USD — Risk / Return Rank
ERNS.L
BTC-USD
ERNS.L vs. BTC-USD - 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 Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.40 | ||
| Sortino ratioReturn per unit of downside risk | +11.49 | ||
| Omega ratioGain probability vs. loss probability | 2.43 | 0.86 | +1.57 |
| Calmar ratioReturn relative to maximum drawdown | 20.17 | -0.79 | +20.96 |
| Martin ratioReturn relative to average drawdown | 113.36 | -1.40 | +114.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ERNS.L | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.44 | -0.96 | +6.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 4.40 | 0.23 | +4.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.38 | 0.90 | +1.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.24 | 1.15 | +1.09 |
Drawdowns
ERNS.L vs. BTC-USD - Drawdown Comparison
The maximum ERNS.L drawdown since its inception was -1.51%, smaller than the maximum BTC-USD drawdown of -84.19%. Use the drawdown chart below to compare losses from any high point for ERNS.L and BTC-USD.
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Drawdown Indicators
| ERNS.L | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.51% | -84.19% | +82.68% |
Max Drawdown (1Y)Largest decline over 1 year | -0.22% | -50.55% | +50.33% |
Max Drawdown (3Y)Largest decline over 3 years | -0.22% | -50.55% | +50.33% |
Max Drawdown (5Y)Largest decline over 5 years | -0.36% | -73.24% | +72.88% |
Max Drawdown (10Y)Largest decline over 10 years | -1.51% | -82.15% | +80.64% |
Current DrawdownCurrent decline from peak | -0.02% | -49.35% | +49.33% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -40.30% | +40.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 34.17% | -34.13% |
Volatility
ERNS.L vs. BTC-USD - Volatility Comparison
The current volatility for iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) is 0.34%, while Bitcoin (BTC-USD) has a volatility of 11.66%. This indicates that ERNS.L experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERNS.L | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.34% | 11.66% | -11.32% |
Volatility (6M)Calculated over the trailing 6-month period | 0.68% | 33.93% | -33.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.81% | 34.79% | -33.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.83% | 44.72% | -43.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.92% | 56.05% | -55.13% |
Frequently Asked Questions
ERNS.L and BTC-USD have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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