ERNU.L vs. XYLD.L
ERNU.L (iShares USD Ultrashort Bond UCITS ETF) and XYLD.L (Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D) are both Corporate Bonds funds - ERNU.L tracks the Bloomberg US Corp 1-3 Yr TR USD while XYLD.L tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, ERNU.L returned 4.86%/yr vs 2.97%/yr for XYLD.L. A 0.70 correlation means they provide meaningful diversification when combined. ERNU.L charges 0.09%/yr vs 0.16%/yr for XYLD.L.
Performance
ERNU.L vs. XYLD.L - Performance Comparison
Loading charts...
Different Trading Currencies
ERNU.L is traded in GBP, while XYLD.L is traded in USD. To make them comparable, the XYLD.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, ERNU.L achieves a 1.86% return, which is significantly higher than XYLD.L's 1.12% return.
ERNU.L
- 1D
- 0.09%
- 1M
- 1.33%
- YTD
- 1.86%
- 6M
- 1.30%
- 1Y
- 5.39%
- 3Y*
- 2.46%
- 5Y*
- 4.86%
- 10Y*
- 3.51%
XYLD.L
- 1D
- 0.13%
- 1M
- 1.16%
- YTD
- 1.12%
- 6M
- 0.44%
- 1Y
- 5.17%
- 3Y*
- 2.55%
- 5Y*
- 2.97%
- 10Y*
- —
ERNU.L vs. XYLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ERNU.L iShares USD Ultrashort Bond UCITS ETF | 1.86% | -2.45% | 7.39% | -0.34% | 13.45% | 1.52% | -2.17% | -0.16% | 11.21% |
XYLD.L Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D | 1.12% | -1.37% | 6.73% | 0.47% | 2.15% | 1.31% | 7.05% | 12.73% | 7.59% |
Correlation
The correlation between ERNU.L and XYLD.L is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2018 | 0.70 |
The correlation between ERNU.L and XYLD.L has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.
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
ERNU.L vs. XYLD.L — Risk / Return Rank
ERNU.L
XYLD.L
ERNU.L vs. XYLD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Ultrashort Bond UCITS ETF (ERNU.L) and Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D (XYLD.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.
| ERNU.L | XYLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.14 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.02 | +0.19 |
| Martin ratioReturn relative to average drawdown | 3.09 | 2.88 | +0.21 |
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
| ERNU.L | XYLD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.81 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.36 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.49 | -0.07 |
Drawdowns
ERNU.L vs. XYLD.L - Drawdown Comparison
The maximum ERNU.L drawdown since its inception was -14.92%, roughly equal to the maximum XYLD.L drawdown of -15.48%. Use the drawdown chart below to compare losses from any high point for ERNU.L and XYLD.L.
Loading charts...
Drawdown Indicators
| ERNU.L | XYLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.92% | -15.48% | +0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -4.43% | -5.03% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -9.54% | -8.74% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -14.92% | -15.48% | +0.56% |
Max Drawdown (10Y)Largest decline over 10 years | -14.92% | — | — |
Current DrawdownCurrent decline from peak | -4.01% | -4.15% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -5.80% | -5.22% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 1.79% | -0.05% |
Volatility
ERNU.L vs. XYLD.L - Volatility Comparison
iShares USD Ultrashort Bond UCITS ETF (ERNU.L) has a higher volatility of 2.03% compared to Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D (XYLD.L) at 1.51%. This indicates that ERNU.L's price experiences larger fluctuations and is considered to be riskier than XYLD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ERNU.L | XYLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.03% | 1.51% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 4.72% | 4.86% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.46% | 6.35% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.36% | 8.28% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.34% | 9.30% | +0.04% |
ERNU.L vs. XYLD.L - Expense Ratio Comparison
ERNU.L has a 0.09% expense ratio, which is lower than XYLD.L's 0.16% 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
ERNU.L vs. XYLD.L - Dividend Comparison
ERNU.L's dividend yield for the trailing twelve months is around 5.69%, more than XYLD.L's 3.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERNU.L iShares USD Ultrashort Bond UCITS ETF | 5.69% | 4.68% | 5.45% | 5.00% | 1.55% | 0.48% | 1.65% | 2.77% | 2.17% | 1.43% | 0.93% | 0.70% |
XYLD.L Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D | 3.76% | 3.61% | 3.34% | 2.88% | 6.03% | 3.88% | 3.78% | 2.92% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ERNU.L and XYLD.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERNU.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERNU.L is cheaper with a 0.09% expense ratio, compared with 0.16% for XYLD.L.
ERNU.L tracks Bloomberg US Corp 1-3 Yr TR USD, while XYLD.L tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.09% for ERNU.L and 0.16% for XYLD.L.
Find the right allocation for ERNU.L and XYLD.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