ERNS.L vs. V3GP.L
ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) and V3GP.L (Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing) are both exchange-traded funds - ERNS.L is a Ultrashort Bond fund actively managed by iShares, while V3GP.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR Hdg GBP. ERNS.L is actively managed, while V3GP.L is passively managed. Over the past 5 years, ERNS.L returned 3.64%/yr vs 0.39%/yr for V3GP.L. At a 0.11 correlation, their price movements are largely independent. ERNS.L charges 0.09%/yr vs 0.15%/yr for V3GP.L.
Performance
ERNS.L vs. V3GP.L - Performance Comparison
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Returns By Period
In the year-to-date period, ERNS.L achieves a 1.67% return, which is significantly higher than V3GP.L's 0.64% return.
ERNS.L
- 1D
- 0.03%
- 1M
- 0.34%
- YTD
- 1.67%
- 6M
- 1.95%
- 1Y
- 4.33%
- 3Y*
- 5.10%
- 5Y*
- 3.64%
- 10Y*
- 2.21%
V3GP.L
- 1D
- 0.23%
- 1M
- 0.61%
- YTD
- 0.64%
- 6M
- 1.44%
- 1Y
- 4.43%
- 3Y*
- 5.47%
- 5Y*
- 0.39%
- 10Y*
- —
ERNS.L vs. V3GP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 1.67% | 4.84% | 5.55% | 4.76% | 1.53% | -0.05% |
V3GP.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing | 0.64% | 6.28% | 3.50% | 7.55% | -14.46% | 1.52% |
Correlation
The correlation between ERNS.L and V3GP.L is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since May 20, 2021 | 0.11 |
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Return for Risk
ERNS.L vs. V3GP.L — Risk / Return Rank
ERNS.L
V3GP.L
ERNS.L vs. V3GP.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 Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing (V3GP.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 | V3GP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.27 | ||
| Sortino ratioReturn per unit of downside risk | +8.36 | ||
| Omega ratioGain probability vs. loss probability | 2.41 | 1.22 | +1.19 |
| Calmar ratioReturn relative to maximum drawdown | 19.80 | 1.61 | +18.19 |
| Martin ratioReturn relative to average drawdown | 111.29 | 5.27 | +106.02 |
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Drawdowns
ERNS.L vs. V3GP.L - Drawdown Comparison
The maximum ERNS.L drawdown since its inception was -1.51%, smaller than the maximum V3GP.L drawdown of -20.08%. Use the drawdown chart below to compare losses from any high point for ERNS.L and V3GP.L.
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Drawdown Indicators
| ERNS.L | V3GP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.51% | -20.08% | +18.57% |
Max Drawdown (1Y)Largest decline over 1 year | -0.22% | -2.60% | +2.38% |
Max Drawdown (3Y)Largest decline over 3 years | -0.22% | -3.67% | +3.45% |
Max Drawdown (5Y)Largest decline over 5 years | -0.36% | -20.08% | +19.72% |
Max Drawdown (10Y)Largest decline over 10 years | -1.51% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.52% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -7.69% | +7.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 0.79% | -0.75% |
Volatility
ERNS.L vs. V3GP.L - Volatility Comparison
The current volatility for iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) is 0.26%, while Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing (V3GP.L) has a volatility of 1.38%. This indicates that ERNS.L experiences smaller price fluctuations and is considered to be less risky than V3GP.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 | V3GP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.26% | 1.38% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 0.67% | 2.84% | -2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.80% | 3.73% | -2.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.82% | 5.54% | -4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.92% | 5.52% | -4.60% |
ERNS.L vs. V3GP.L - Expense Ratio Comparison
ERNS.L has a 0.09% expense ratio, which is lower than V3GP.L's 0.15% 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. V3GP.L - Dividend Comparison
ERNS.L's dividend yield for the trailing twelve months is around 3.24%, less than V3GP.L's 4.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 3.24% | 4.65% | 5.42% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% |
V3GP.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing | 4.36% | 4.43% | 4.36% | 4.10% | 2.48% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ERNS.L and V3GP.L have a correlation of 0.02, 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 0.15% for V3GP.L.
ERNS.L is categorized as Ultrashort Bond, while V3GP.L is Global Corporate Bonds. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.09% for ERNS.L and 0.15% for V3GP.L.
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