ERNS.L vs. UESD.L
ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) and UESD.L (iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc) are both Ultrashort Bond funds from iShares. Over the past 5 years, ERNS.L returned 3.62%/yr vs 3.56%/yr for UESD.L. At a 0.12 correlation, their price movements are largely independent. Both charge a 0.09% expense ratio.
Performance
ERNS.L vs. UESD.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 UESD.L's 1.41% 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%
UESD.L
- 1D
- 0.00%
- 1M
- 0.42%
- YTD
- 1.41%
- 6M
- 1.89%
- 1Y
- 4.32%
- 3Y*
- 5.05%
- 5Y*
- 3.56%
- 10Y*
- —
ERNS.L vs. UESD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 1.58% | 4.84% | 5.54% | 4.76% | 1.54% | 0.13% | 1.15% |
UESD.L iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc | 1.41% | 5.04% | 5.40% | 4.47% | 1.55% | 0.19% | 1.09% |
Correlation
The correlation between ERNS.L and UESD.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2020 | 0.12 |
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Return for Risk
ERNS.L vs. UESD.L — Risk / Return Rank
ERNS.L
UESD.L
ERNS.L vs. UESD.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 £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc (UESD.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 | UESD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +3.07 | ||
| Omega ratioGain probability vs. loss probability | 2.39 | 1.89 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 20.38 | 16.83 | +3.55 |
| Martin ratioReturn relative to average drawdown | 108.76 | 72.30 | +36.46 |
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 | UESD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.30 | 3.98 | +1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 4.34 | 3.20 | +1.14 |
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 | 2.89 | -0.66 |
Drawdowns
ERNS.L vs. UESD.L - Drawdown Comparison
The maximum ERNS.L drawdown since its inception was -1.51%, which is greater than UESD.L's maximum drawdown of -0.48%. Use the drawdown chart below to compare losses from any high point for ERNS.L and UESD.L.
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Drawdown Indicators
| ERNS.L | UESD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.51% | -0.48% | -1.03% |
Max Drawdown (1Y)Largest decline over 1 year | -0.22% | -0.26% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -0.22% | -0.26% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -0.36% | -0.41% | +0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -1.51% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.10% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -0.08% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 0.06% | -0.02% |
Volatility
ERNS.L vs. UESD.L - Volatility Comparison
The current volatility for iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) is 0.36%, while iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc (UESD.L) has a volatility of 0.50%. This indicates that ERNS.L experiences smaller price fluctuations and is considered to be less risky than UESD.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 | UESD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 0.50% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 0.68% | 0.87% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.84% | 1.09% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.83% | 1.11% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.92% | 1.06% | -0.14% |
ERNS.L vs. UESD.L - Expense Ratio Comparison
Both ERNS.L and UESD.L have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ERNS.L vs. UESD.L - Dividend Comparison
ERNS.L's dividend yield for the trailing twelve months is around 5.65%, which matches UESD.L's 5.64% 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% |
UESD.L iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc | 5.64% | 4.63% | 5.37% | 4.49% | 1.21% | 0.24% | 0.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ERNS.L and UESD.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ERNS.L and UESD.L have the same expense ratio: 0.09% per year.
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