ERNS.L vs. IS15.L
ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) and IS15.L (iShares GBP Corporate Bond 0-5yr UCITS ETF) are both exchange-traded funds - ERNS.L is a Ultrashort Bond fund actively managed by iShares, while IS15.L is a European Corporate Bonds fund tracking the Markit iBoxx GBP NonGilts 1-5 TR. ERNS.L is actively managed, while IS15.L is passively managed. Over the past 10 years, ERNS.L returned 2.20%/yr vs 2.28%/yr for IS15.L. At a 0.14 correlation, their price movements are largely independent. ERNS.L charges 0.09%/yr vs 0.20%/yr for IS15.L.
Performance
ERNS.L vs. IS15.L - Performance Comparison
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Returns By Period
In the year-to-date period, ERNS.L achieves a 1.58% return, which is significantly higher than IS15.L's 0.59% return. Both investments have delivered pretty close results over the past 10 years, with ERNS.L having a 2.20% annualized return and IS15.L not far ahead at 2.28%.
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%
IS15.L
- 1D
- -0.19%
- 1M
- 0.56%
- YTD
- 0.59%
- 6M
- 1.09%
- 1Y
- 4.39%
- 3Y*
- 6.08%
- 5Y*
- 2.33%
- 10Y*
- 2.28%
ERNS.L vs. IS15.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% |
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF | 0.59% | 6.24% | 4.89% | 7.16% | -6.09% | -0.84% | 3.38% | 4.54% | -0.48% | 1.76% |
Correlation
The correlation between ERNS.L and IS15.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2013 | 0.14 |
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Return for Risk
ERNS.L vs. IS15.L — Risk / Return Rank
ERNS.L
IS15.L
ERNS.L vs. IS15.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 GBP Corporate Bond 0-5yr UCITS ETF (IS15.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 | IS15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.53 | ||
| Sortino ratioReturn per unit of downside risk | +6.92 | ||
| Omega ratioGain probability vs. loss probability | 2.39 | 1.38 | +1.02 |
| Calmar ratioReturn relative to maximum drawdown | 20.38 | 2.36 | +18.02 |
| Martin ratioReturn relative to average drawdown | 108.76 | 9.07 | +99.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ERNS.L | IS15.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.30 | 1.77 | +3.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 4.34 | 0.70 | +3.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.38 | 0.73 | +1.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.23 | 0.87 | +1.36 |
Drawdowns
ERNS.L vs. IS15.L - Drawdown Comparison
The maximum ERNS.L drawdown since its inception was -1.51%, smaller than the maximum IS15.L drawdown of -12.18%. Use the drawdown chart below to compare losses from any high point for ERNS.L and IS15.L.
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Drawdown Indicators
| ERNS.L | IS15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.51% | -12.18% | +10.67% |
Max Drawdown (1Y)Largest decline over 1 year | -0.22% | -1.94% | +1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -0.22% | -1.94% | +1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -0.36% | -12.18% | +11.82% |
Max Drawdown (10Y)Largest decline over 10 years | -1.51% | -12.18% | +10.67% |
Current DrawdownCurrent decline from peak | 0.00% | -0.30% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -1.12% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 0.50% | -0.46% |
Volatility
ERNS.L vs. IS15.L - Volatility Comparison
The current volatility for iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) is 0.36%, while iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.L) has a volatility of 1.02%. This indicates that ERNS.L experiences smaller price fluctuations and is considered to be less risky than IS15.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 | IS15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 1.02% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 0.68% | 2.32% | -1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.84% | 2.58% | -1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.83% | 3.30% | -2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.92% | 3.13% | -2.21% |
ERNS.L vs. IS15.L - Expense Ratio Comparison
ERNS.L has a 0.09% expense ratio, which is lower than IS15.L's 0.20% 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. IS15.L - Dividend Comparison
ERNS.L's dividend yield for the trailing twelve months is around 5.65%, more than IS15.L's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF | 4.54% | 4.35% | 4.06% | 3.05% | 1.80% | 1.72% | 1.81% | 2.03% | 2.08% | 2.15% | 2.55% | 2.91% |
Frequently Asked Questions
ERNS.L and IS15.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 0.20% for IS15.L.
ERNS.L is categorized as Ultrashort Bond, while IS15.L is European Corporate Bonds. Their fees differ too: 0.09% for ERNS.L and 0.20% for IS15.L.
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