ERNS.L vs. REET
ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) and REET (iShares Global REIT ETF) are both exchange-traded funds - ERNS.L is a Ultrashort Bond fund actively managed by iShares, while REET is a REIT fund tracking the FTSE EPRA/NAREIT Global REIT Index. ERNS.L is actively managed, while REET is passively managed. Over the past 10 years, ERNS.L returned 2.20%/yr vs 4.74%/yr for REET. At a 0.03 correlation, their price movements are largely independent. ERNS.L charges 0.09%/yr vs 0.14%/yr for REET.
Performance
ERNS.L vs. REET - Performance Comparison
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Different Trading Currencies
ERNS.L is traded in GBP, while REET is traded in USD. To make them comparable, the REET 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 REET's 9.52% return. Over the past 10 years, ERNS.L has underperformed REET with an annualized return of 2.20%, while REET has yielded a comparatively higher 4.74% 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%
REET
- 1D
- -0.91%
- 1M
- 0.37%
- YTD
- 9.52%
- 6M
- 9.55%
- 1Y
- 13.29%
- 3Y*
- 6.92%
- 5Y*
- 3.02%
- 10Y*
- 4.74%
ERNS.L vs. REET - 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% |
REET iShares Global REIT ETF | 9.52% | 0.28% | 4.44% | 4.77% | -15.08% | 33.69% | -13.11% | 19.69% | 0.35% | -1.82% |
Correlation
The correlation between ERNS.L and REET 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 | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2014 | 0.03 |
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Return for Risk
ERNS.L vs. REET — Risk / Return Rank
ERNS.L
REET
ERNS.L vs. REET - 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 Global REIT ETF (REET). 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 | REET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.26 | ||
| Sortino ratioReturn per unit of downside risk | +8.48 | ||
| Omega ratioGain probability vs. loss probability | 2.43 | 1.21 | +1.22 |
| Calmar ratioReturn relative to maximum drawdown | 20.17 | 1.69 | +18.48 |
| Martin ratioReturn relative to average drawdown | 113.36 | 5.53 | +107.83 |
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 | REET | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.44 | 1.18 | +4.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 4.40 | 0.20 | +4.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.38 | 0.26 | +2.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.24 | 0.38 | +1.86 |
Drawdowns
ERNS.L vs. REET - Drawdown Comparison
The maximum ERNS.L drawdown since its inception was -1.51%, smaller than the maximum REET drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for ERNS.L and REET.
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Drawdown Indicators
| ERNS.L | REET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.51% | -38.34% | +36.83% |
Max Drawdown (1Y)Largest decline over 1 year | -0.22% | -7.89% | +7.67% |
Max Drawdown (3Y)Largest decline over 3 years | -0.22% | -17.09% | +16.87% |
Max Drawdown (5Y)Largest decline over 5 years | -0.36% | -26.46% | +26.10% |
Max Drawdown (10Y)Largest decline over 10 years | -1.51% | -38.34% | +36.83% |
Current DrawdownCurrent decline from peak | -0.02% | -1.70% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -9.20% | +9.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 2.41% | -2.37% |
Volatility
ERNS.L vs. REET - Volatility Comparison
The current volatility for iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) is 0.34%, while iShares Global REIT ETF (REET) has a volatility of 3.38%. This indicates that ERNS.L experiences smaller price fluctuations and is considered to be less risky than REET 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 | REET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.34% | 3.38% | -3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 0.68% | 8.51% | -7.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.81% | 11.34% | -10.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.83% | 15.33% | -14.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.92% | 18.07% | -17.15% |
ERNS.L vs. REET - Expense Ratio Comparison
ERNS.L has a 0.09% expense ratio, which is lower than REET's 0.14% 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. REET - Dividend Comparison
ERNS.L's dividend yield for the trailing twelve months is around 5.65%, more than REET's 3.41% 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% |
REET iShares Global REIT ETF | 3.41% | 3.67% | 3.64% | 3.27% | 2.43% | 3.18% | 2.65% | 5.25% | 5.73% | 3.84% | 5.37% | 3.56% |
Frequently Asked Questions
ERNS.L and REET 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.
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 0.14% for REET.
ERNS.L is categorized as Ultrashort Bond, while REET is REIT. Their fees differ too: 0.09% for ERNS.L and 0.14% for REET.
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