ERNS.L vs. VTHRX
ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) and VTHRX (Vanguard Target Retirement 2030 Fund) are both funds - ERNS.L is a Ultrashort Bond fund actively managed by iShares, while VTHRX is a Target Retirement Date fund managed by Vanguard. Over the past 10 years, ERNS.L returned 2.21%/yr vs 9.52%/yr for VTHRX. At a 0.04 correlation, their price movements are largely independent. ERNS.L charges 0.09%/yr vs 0.08%/yr for VTHRX.
Performance
ERNS.L vs. VTHRX - Performance Comparison
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Different Trading Currencies
ERNS.L is traded in GBP, while VTHRX is traded in USD. To make them comparable, the VTHRX 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 1.67% return, which is significantly lower than VTHRX's 6.97% return. Over the past 10 years, ERNS.L has underperformed VTHRX with an annualized return of 2.21%, while VTHRX has yielded a comparatively higher 9.52% annualized 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%
VTHRX
- 1D
- 1.27%
- 1M
- -0.13%
- YTD
- 6.97%
- 6M
- 6.81%
- 1Y
- 18.92%
- 3Y*
- 11.04%
- 5Y*
- 7.64%
- 10Y*
- 9.52%
ERNS.L vs. VTHRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 1.67% | 4.84% | 5.55% | 4.76% | 1.53% | 0.14% | 0.77% | 1.28% | 0.58% | 0.57% |
VTHRX Vanguard Target Retirement 2030 Fund | 6.97% | 7.97% | 12.36% | 10.43% | -6.33% | 12.42% | 10.76% | 16.47% | -0.27% | 5.27% |
Correlation
The correlation between ERNS.L and VTHRX is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2013 | 0.04 |
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Return for Risk
ERNS.L vs. VTHRX — Risk / Return Rank
ERNS.L
VTHRX
ERNS.L vs. VTHRX - 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 Target Retirement 2030 Fund (VTHRX). 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 | VTHRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.06 | ||
| Sortino ratioReturn per unit of downside risk | +6.83 | ||
| Omega ratioGain probability vs. loss probability | 2.41 | 1.45 | +0.96 |
| Calmar ratioReturn relative to maximum drawdown | 19.80 | 3.75 | +16.05 |
| Martin ratioReturn relative to average drawdown | 111.29 | 13.50 | +97.79 |
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Drawdowns
ERNS.L vs. VTHRX - Drawdown Comparison
The maximum ERNS.L drawdown since its inception was -1.51%, smaller than the maximum VTHRX drawdown of -26.52%. Use the drawdown chart below to compare losses from any high point for ERNS.L and VTHRX.
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Drawdown Indicators
| ERNS.L | VTHRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.51% | -26.52% | +25.01% |
Max Drawdown (1Y)Largest decline over 1 year | -0.22% | -4.86% | +4.64% |
Max Drawdown (3Y)Largest decline over 3 years | -0.22% | -12.88% | +12.66% |
Max Drawdown (5Y)Largest decline over 5 years | -0.36% | -12.88% | +12.52% |
Max Drawdown (10Y)Largest decline over 10 years | -1.51% | -17.59% | +16.08% |
Current DrawdownCurrent decline from peak | 0.00% | -1.07% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -3.80% | +3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 1.35% | -1.31% |
Volatility
ERNS.L vs. VTHRX - Volatility Comparison
The current volatility for iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) is 0.26%, while Vanguard Target Retirement 2030 Fund (VTHRX) has a volatility of 2.95%. This indicates that ERNS.L experiences smaller price fluctuations and is considered to be less risky than VTHRX 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 | VTHRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.26% | 2.95% | -2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 0.67% | 6.14% | -5.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.80% | 7.85% | -7.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.82% | 9.56% | -8.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.92% | 11.81% | -10.89% |
ERNS.L vs. VTHRX - Expense Ratio Comparison
ERNS.L has a 0.09% expense ratio, which is higher than VTHRX's 0.08% 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%.
Dividends
ERNS.L vs. VTHRX - Dividend Comparison
ERNS.L's dividend yield for the trailing twelve months is around 3.24%, less than VTHRX's 3.78% 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% |
VTHRX Vanguard Target Retirement 2030 Fund | 3.78% | 4.03% | 3.63% | 2.59% | 2.53% | 17.56% | 2.56% | 2.38% | 2.71% | 0.06% | 2.38% | 3.72% |
Frequently Asked Questions
ERNS.L and VTHRX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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