ERNS.L vs. IGLT.L
Compare and contrast key facts about iShares £ Ultrashort Bond UCITS ETF (ERNS.L) and iShares Core UK Gilts UCITS ETF (IGLT.L).
ERNS.L and IGLT.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ERNS.L is a passively managed fund by iShares that tracks the performance of the Markit iBoxx GBP Liquid Investment Grade Ultrashort Index. It was launched on Nov 16, 2013. IGLT.L is a passively managed fund by iShares that tracks the performance of the FTSE Actuaries UK Conventional Gilts All Stocks Index. It was launched on Dec 1, 2006. Both ERNS.L and IGLT.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ERNS.L or IGLT.L.
Key characteristics
| ERNS.L | IGLT.L | |
|---|---|---|
| YTD Return | 2.10% | -2.12% |
| 1Y Return | 5.66% | 2.24% |
| 3Y Return (Ann) | 2.79% | -7.46% |
| 5Y Return (Ann) | 1.97% | -3.83% |
| 10Y Return (Ann) | 1.36% | 0.45% |
| Sharpe Ratio | 6.99 | 0.42 |
| Daily Std Dev | 0.80% | 8.40% |
| Max Drawdown | -1.51% | -35.52% |
| Current Drawdown | 0.00% | -27.79% |
Correlation
The correlation between ERNS.L and IGLT.L is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ERNS.L vs. IGLT.L - Performance Comparison
In the year-to-date period, ERNS.L achieves a 2.10% return, which is significantly higher than IGLT.L's -2.12% return. Over the past 10 years, ERNS.L has outperformed IGLT.L with an annualized return of 1.36%, while IGLT.L has yielded a comparatively lower 0.45% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ERNS.L vs. IGLT.L - Expense Ratio Comparison
ERNS.L has a 0.09% expense ratio, which is higher than IGLT.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
ERNS.L vs. IGLT.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares £ Ultrashort Bond UCITS ETF (ERNS.L) and iShares Core UK Gilts UCITS ETF (IGLT.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.
Dividends
ERNS.L vs. IGLT.L - Dividend Comparison
ERNS.L's dividend yield for the trailing twelve months is around 4.45%, more than IGLT.L's 4.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERNS.L iShares £ Ultrashort Bond UCITS ETF | 4.45% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% | 0.55% | 0.06% |
IGLT.L iShares Core UK Gilts UCITS ETF | 4.02% | 2.40% | 1.32% | 0.79% | 0.95% | 1.25% | 1.31% | 1.30% | 1.88% | 2.05% | 2.04% | 2.14% |
Drawdowns
ERNS.L vs. IGLT.L - Drawdown Comparison
The maximum ERNS.L drawdown since its inception was -1.51%, smaller than the maximum IGLT.L drawdown of -35.52%. Use the drawdown chart below to compare losses from any high point for ERNS.L and IGLT.L. For additional features, visit the drawdowns tool.
Volatility
ERNS.L vs. IGLT.L - Volatility Comparison
The current volatility for iShares £ Ultrashort Bond UCITS ETF (ERNS.L) is 1.53%, while iShares Core UK Gilts UCITS ETF (IGLT.L) has a volatility of 2.27%. This indicates that ERNS.L experiences smaller price fluctuations and is considered to be less risky than IGLT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.