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ERNS.L vs. ERNXY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ERNS.L vs. ERNXY

Last updated Jun 5, 2026

ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) is Ultrashort Bond fund actively managed by iShares, while ERNXY (Euronext N.V) is a stock. Over the past 5 years, ERNS.L returned 3.62%/yr vs 12.63%/yr for ERNXY. At a 0.00 correlation, their price movements are largely independent.

Performance

ERNS.L vs. ERNXY - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) and Euronext N.V (ERNXY). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ERNS.L is traded in GBP, while ERNXY is traded in USD. To make them comparable, the ERNXY 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 lower than ERNXY's 11.40% 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%

ERNXY

1D
-1.54%
1M
-6.40%
YTD
11.40%
6M
12.24%
1Y
1.03%
3Y*
32.67%
5Y*
12.63%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ERNS.L vs. ERNXY - Yearly Performance Comparison

2026 (YTD)20252024202320222021
ERNS.L
iShares £ Ultrashort Bond UCITS ETF GBP (Dist)		1.58%4.84%5.54%4.76%1.54%0.02%
ERNXY
Euronext N.V		11.40%31.81%35.61%9.49%-6.00%-9.16%

Correlation

The correlation between ERNS.L and ERNXY is 0.08, 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

0.08

Correlation (3Y)
Calculated over the trailing 3-year period

0.01

Correlation (5Y)
Calculated over the trailing 5-year period

-0.00

Correlation (All Time)
Calculated using the full available price history since Mar 30, 2021

0.00

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares £ Ultrashort Bond UCITS ETF GBP (Dist)

Euronext N.V

Often compared with ERNS.L:
ERNS.L vs. CSH2.LERNS.L vs. IGLT.LERNS.L vs. ICSHERNS.L vs. TI5G.LERNS.L vs. CEMBERNS.L vs. VOCERNS.L vs. IHG.L
Often compared with ERNXY:
ERNXY vs. ENX.PAERNXY vs. IDTP.LERNXY vs. SPYERNXY vs. LSEG.LERNXY vs. QQQMERNXY vs. BNDWERNXY vs. EFRN.DE

Return for Risk

ERNS.L vs. ERNXY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ERNS.L
ERNS.L Risk / Return Rank: 9898
Overall Rank
ERNS.L Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
ERNS.L Sortino Ratio Rank: 9999
Sortino Ratio Rank
ERNS.L Omega Ratio Rank: 9898
Omega Ratio Rank
ERNS.L Calmar Ratio Rank: 9999
Calmar Ratio Rank
ERNS.L Martin Ratio Rank: 9999
Martin Ratio Rank
ERNXY
ERNXY Risk / Return Rank: 4040
Overall Rank
ERNXY Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
ERNXY Sortino Ratio Rank: 3939
Sortino Ratio Rank
ERNXY Omega Ratio Rank: 3939
Omega Ratio Rank
ERNXY Calmar Ratio Rank: 4040
Calmar Ratio Rank
ERNXY Martin Ratio Rank: 4141
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ERNS.L vs. ERNXY - 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 Euronext N.V (ERNXY). 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.LERNXYDifference
Sharpe ratioReturn per unit of total volatility
5.30
0.02

+5.28

Sortino ratioReturn per unit of downside risk
9.49
0.39

+9.09

Omega ratioGain probability vs. loss probability

2.39

1.05

+1.34

Calmar ratioReturn relative to maximum drawdown

20.38

0.04

+20.34

Martin ratioReturn relative to average drawdown

108.76

0.07

+108.69

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ERNS.L vs. ERNXY - Sharpe Ratio Comparison

The current ERNS.L Sharpe Ratio is 5.30, which is higher than the ERNXY Sharpe Ratio of 0.02. The chart below compares the historical Sharpe Ratios of ERNS.L and ERNXY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ERNS.LERNXYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

5.30

0.02

+5.28

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

4.34

0.26

+4.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

2.38

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

2.23

0.27

+1.96

Drawdowns

ERNS.L vs. ERNXY - Drawdown Comparison

The maximum ERNS.L drawdown since its inception was -1.51%, smaller than the maximum ERNXY drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for ERNS.L and ERNXY.

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Drawdown Indicators

ERNS.LERNXYDifference

Max Drawdown

Largest peak-to-trough decline

-1.51%

-33.77%

+32.26%

Max Drawdown (1Y)

Largest decline over 1 year

-0.22%

-29.04%

+28.82%

Max Drawdown (3Y)

Largest decline over 3 years

-0.22%

-29.04%

+28.82%

Max Drawdown (5Y)

Largest decline over 5 years

-0.36%

-33.77%

+33.41%

Max Drawdown (10Y)

Largest decline over 10 years

-1.51%

—

—

Current Drawdown

Current decline from peak

0.00%

-24.46%

+24.46%

Average Drawdown

Average peak-to-trough decline

-0.05%

-11.00%

+10.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.04%

14.05%

-14.01%

Volatility

ERNS.L vs. ERNXY - Volatility Comparison

The current volatility for iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) is 0.36%, while Euronext N.V (ERNXY) has a volatility of 31.40%. This indicates that ERNS.L experiences smaller price fluctuations and is considered to be less risky than ERNXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ERNS.LERNXYDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.36%

31.40%

-31.04%

Volatility (6M)

Calculated over the trailing 6-month period

0.68%

45.53%

-44.85%

Volatility (1Y)

Calculated over the trailing 1-year period

0.84%

51.85%

-51.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.83%

47.98%

-47.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.92%

47.19%

-46.27%

Dividends

ERNS.L vs. ERNXY - Dividend Comparison

ERNS.L's dividend yield for the trailing twelve months is around 5.65%, more than ERNXY's 2.29% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
ERNXY
Euronext N.V		2.29%2.17%1.90%2.91%2.75%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ERNS.L and ERNXY have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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