ERNS.L vs. WMVG.L
ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) and WMVG.L (iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc)) are both exchange-traded funds - ERNS.L is a Ultrashort Bond fund actively managed by iShares, while WMVG.L is a Global Equities fund tracking the MSCI World Minimum Volatility. ERNS.L is actively managed, while WMVG.L is passively managed. Over the past 5 years, ERNS.L returned 3.63%/yr vs 6.05%/yr for WMVG.L. At a 0.08 correlation, their price movements are largely independent. ERNS.L charges 0.09%/yr vs 0.35%/yr for WMVG.L.
Performance
ERNS.L vs. WMVG.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ERNS.L achieves a 1.58% return, which is significantly higher than WMVG.L's 1.26% 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%
WMVG.L
- 1D
- -0.37%
- 1M
- 1.52%
- YTD
- 1.26%
- 6M
- 2.42%
- 1Y
- 2.81%
- 3Y*
- 9.88%
- 5Y*
- 6.05%
- 10Y*
- —
ERNS.L vs. WMVG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 1.58% | 4.84% | 5.55% | 4.76% | 1.53% | 0.14% | 0.77% | 0.92% |
WMVG.L iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) | 1.26% | 9.07% | 14.47% | 7.36% | -8.31% | 16.96% | -1.30% | 11.93% |
Correlation
The correlation between ERNS.L and WMVG.L 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 | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2019 | 0.08 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ERNS.L vs. WMVG.L — Risk / Return Rank
ERNS.L
WMVG.L
ERNS.L vs. WMVG.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 Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.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 | WMVG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.06 | ||
| Sortino ratioReturn per unit of downside risk | +9.57 | ||
| Omega ratioGain probability vs. loss probability | 2.43 | 1.07 | +1.36 |
| Calmar ratioReturn relative to maximum drawdown | 20.17 | 0.57 | +19.60 |
| Martin ratioReturn relative to average drawdown | 113.36 | 1.39 | +111.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ERNS.L | WMVG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.44 | 0.38 | +5.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 4.40 | 0.61 | +3.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.24 | 0.56 | +1.68 |
Drawdowns
ERNS.L vs. WMVG.L - Drawdown Comparison
The maximum ERNS.L drawdown since its inception was -1.51%, smaller than the maximum WMVG.L drawdown of -28.25%. Use the drawdown chart below to compare losses from any high point for ERNS.L and WMVG.L.
Loading charts...
Drawdown Indicators
| ERNS.L | WMVG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.51% | -28.25% | +26.74% |
Max Drawdown (1Y)Largest decline over 1 year | -0.22% | -4.93% | +4.71% |
Max Drawdown (3Y)Largest decline over 3 years | -0.22% | -9.07% | +8.85% |
Max Drawdown (5Y)Largest decline over 5 years | -0.36% | -15.18% | +14.82% |
Max Drawdown (10Y)Largest decline over 10 years | -1.51% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -3.25% | +3.23% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -4.11% | +4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 2.02% | -1.98% |
Volatility
ERNS.L vs. WMVG.L - Volatility Comparison
The current volatility for iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) is 0.34%, while iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.L) has a volatility of 2.22%. This indicates that ERNS.L experiences smaller price fluctuations and is considered to be less risky than WMVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ERNS.L | WMVG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.34% | 2.22% | -1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 0.68% | 5.01% | -4.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.81% | 7.31% | -6.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.83% | 9.99% | -9.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.92% | 12.15% | -11.23% |
ERNS.L vs. WMVG.L - Expense Ratio Comparison
ERNS.L has a 0.09% expense ratio, which is lower than WMVG.L's 0.35% expense ratio.
Dividends
ERNS.L vs. WMVG.L - Dividend Comparison
ERNS.L's dividend yield for the trailing twelve months is around 5.65%, while WMVG.L has not paid dividends to shareholders.
| 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% |
WMVG.L iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ERNS.L and WMVG.L 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 0.35% for WMVG.L.
ERNS.L is categorized as Ultrashort Bond, while WMVG.L is Global Equities. Their fees differ too: 0.09% for ERNS.L and 0.35% for WMVG.L.
Find the right allocation for ERNS.L and WMVG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer