ERNX.DE vs. BBLL.DE
ERNX.DE (iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating) and BBLL.DE (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) are both exchange-traded funds - ERNX.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index, while BBLL.DE is a Government Bonds fund tracking the ICE US Treasury 0-1 Year Index. Both are passively managed. Over the past 3 years, ERNX.DE returned 3.33%/yr vs 1.85%/yr for BBLL.DE. At a correlation of -0.06, they often move in opposite directions. ERNX.DE charges 0.09%/yr vs 0.07%/yr for BBLL.DE.
Performance
ERNX.DE vs. BBLL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ERNX.DE achieves a 0.87% return, which is significantly lower than BBLL.DE's 2.66% return.
ERNX.DE
- 1D
- 0.04%
- 1M
- 0.26%
- YTD
- 0.87%
- 6M
- 0.99%
- 1Y
- 2.18%
- 3Y*
- 3.33%
- 5Y*
- —
- 10Y*
- —
BBLL.DE
- 1D
- -0.11%
- 1M
- 1.01%
- YTD
- 2.66%
- 6M
- 2.06%
- 1Y
- 2.10%
- 3Y*
- 1.85%
- 5Y*
- 4.31%
- 10Y*
- —
ERNX.DE vs. BBLL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ERNX.DE iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating | 0.87% | 2.69% | 4.04% | 3.34% | 0.10% |
BBLL.DE JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 2.66% | -7.37% | 11.29% | 1.32% | -0.17% |
Correlation
The correlation between ERNX.DE and BBLL.DE is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since May 2, 2022 | -0.06 |
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Return for Risk
ERNX.DE vs. BBLL.DE — Risk / Return Rank
ERNX.DE
BBLL.DE
ERNX.DE vs. BBLL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) and JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE). 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.
| ERNX.DE | BBLL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.59 | ||
| Sortino ratioReturn per unit of downside risk | +4.46 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.06 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 10.99 | 0.62 | +10.37 |
| Martin ratioReturn relative to average drawdown | 54.93 | 1.30 | +53.63 |
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
| ERNX.DE | BBLL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.94 | 0.34 | +2.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.90 | 0.29 | +3.60 |
Drawdowns
ERNX.DE vs. BBLL.DE - Drawdown Comparison
The maximum ERNX.DE drawdown since its inception was -0.83%, smaller than the maximum BBLL.DE drawdown of -13.03%. Use the drawdown chart below to compare losses from any high point for ERNX.DE and BBLL.DE.
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Drawdown Indicators
| ERNX.DE | BBLL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.83% | -13.03% | +12.20% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -3.38% | +3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -0.20% | -11.65% | +11.45% |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.65% | — |
Current DrawdownCurrent decline from peak | -0.00% | -7.22% | +7.22% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -6.14% | +6.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 1.61% | -1.57% |
Volatility
ERNX.DE vs. BBLL.DE - Volatility Comparison
The current volatility for iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) is 0.17%, while JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE) has a volatility of 1.28%. This indicates that ERNX.DE experiences smaller price fluctuations and is considered to be less risky than BBLL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERNX.DE | BBLL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.17% | 1.28% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 0.56% | 4.12% | -3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.74% | 6.07% | -5.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.68% | 7.46% | -6.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.68% | 7.22% | -6.54% |
ERNX.DE vs. BBLL.DE - Expense Ratio Comparison
ERNX.DE has a 0.09% expense ratio, which is higher than BBLL.DE's 0.07% 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
ERNX.DE vs. BBLL.DE - Dividend Comparison
Neither ERNX.DE nor BBLL.DE has paid dividends to shareholders.
Frequently Asked Questions
ERNX.DE and BBLL.DE have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BBLL.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBLL.DE is cheaper with a 0.07% expense ratio, compared with 0.09% for ERNX.DE.
ERNX.DE is categorized as Ultrashort Bond, while BBLL.DE is Government Bonds. ERNX.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index, while BBLL.DE tracks ICE US Treasury 0-1 Year Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.09% for ERNX.DE and 0.07% for BBLL.DE.
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