ERNS.L vs. ESIE.L
ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) and ESIE.L (iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc)) are both exchange-traded funds - ERNS.L is a Ultrashort Bond fund tracking the Markit iBoxx GBP Liquid Investment Grade Ultrashort Index, while ESIE.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 5 years, ERNS.L returned 3.71%/yr vs 19.88%/yr for ESIE.L. At a correlation of -0.02, they often move in opposite directions. ERNS.L charges 0.09%/yr vs 0.18%/yr for ESIE.L.
Performance
ERNS.L vs. ESIE.L - Performance Comparison
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Returns By Period
In the year-to-date period, ERNS.L achieves a 1.98% return, which is significantly lower than ESIE.L's 27.16% return.
ERNS.L
- 1D
- 0.04%
- 1M
- 0.27%
- 6M
- 1.99%
- YTD
- 1.98%
- 1Y
- 4.24%
- 3Y*
- 5.01%
- 5Y*
- 3.71%
- 10Y*
- 2.22%
ESIE.L
- 1D
- -1.17%
- 1M
- 0.32%
- 6M
- 24.04%
- YTD
- 27.16%
- 1Y
- 38.75%
- 3Y*
- 16.23%
- 5Y*
- 19.88%
- 10Y*
- —
ERNS.L vs. ESIE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 1.98% | 4.84% | 5.55% | 4.76% | 1.53% | 0.14% | -0.03% |
ESIE.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) | 27.16% | 20.19% | -9.72% | 6.00% | 44.93% | 26.73% | -6.67% |
Correlation
The correlation between ERNS.L and ESIE.L is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
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 Nov 18, 2020 | -0.02 |
The correlation between ERNS.L and ESIE.L shifts across timeframes, from -0.12 (1 year) to -0.01 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ERNS.L vs. ESIE.L — Risk / Return Rank
ERNS.L
ESIE.L
ERNS.L vs. ESIE.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 iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.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.
| ERNS.L | ESIE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.68 | ||
| Sortino ratioReturn per unit of downside risk | +7.75 | ||
| Omega ratioGain probability vs. loss probability | 2.40 | 1.30 | +1.10 |
| Calmar ratioReturn relative to maximum drawdown | 19.43 | 2.08 | +17.35 |
| Martin ratioReturn relative to average drawdown | 108.42 | 6.31 | +102.11 |
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Drawdowns
ERNS.L vs. ESIE.L - Drawdown Comparison
The maximum ERNS.L drawdown since its inception was -1.51%, smaller than the maximum ESIE.L drawdown of -27.35%. Use the drawdown chart below to compare losses from any high point for ERNS.L and ESIE.L.
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Drawdown Indicators
| ERNS.L | ESIE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.51% | -27.35% | +25.84% |
Max Drawdown (1Y)Largest decline over 1 year | -0.22% | -18.55% | +18.33% |
Max Drawdown (3Y)Largest decline over 3 years | -0.22% | -27.35% | +27.13% |
Max Drawdown (5Y)Largest decline over 5 years | -0.36% | -27.35% | +26.99% |
Max Drawdown (10Y)Largest decline over 10 years | -1.51% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | -11.85% | +11.82% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -8.34% | +8.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 6.12% | -6.08% |
Volatility
ERNS.L vs. ESIE.L - Volatility Comparison
The current volatility for iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) is 0.19%, while iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) has a volatility of 7.06%. This indicates that ERNS.L experiences smaller price fluctuations and is considered to be less risky than ESIE.L 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 | ESIE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 7.06% | -6.87% |
Volatility (6M)Calculated over the trailing 6-month period | 0.65% | 20.29% | -19.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.79% | 23.26% | -22.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.82% | 24.48% | -23.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.92% | 24.82% | -23.90% |
ERNS.L vs. ESIE.L - Expense Ratio Comparison
ERNS.L has a 0.09% expense ratio, which is lower than ESIE.L's 0.18% 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
ERNS.L vs. ESIE.L - Dividend Comparison
ERNS.L's dividend yield for the trailing twelve months is around 4.28%, while ESIE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 4.28% | 4.65% | 5.42% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% |
ESIE.L iShares MSCI Europe Energy Sector UCITS ETF EUR (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% |
Frequently Asked Questions
ERNS.L and ESIE.L have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERNS.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERNS.L is cheaper with a 0.09% expense ratio, compared with 0.18% for ESIE.L.
ERNS.L is categorized as Ultrashort Bond, while ESIE.L is Energy Equities. ERNS.L tracks Markit iBoxx GBP Liquid Investment Grade Ultrashort Index, while ESIE.L tracks MSCI World/Energy NR USD. Their fees differ too: 0.09% for ERNS.L and 0.18% for ESIE.L.
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