ERNX.DE vs. EGLN.L
ERNX.DE (iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating) and EGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - ERNX.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index, while EGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 3 years, ERNX.DE returned 3.33%/yr vs 28.02%/yr for EGLN.L. At a 0.07 correlation, their price movements are largely independent. ERNX.DE charges 0.09%/yr vs 0.25%/yr for EGLN.L.
Performance
ERNX.DE vs. EGLN.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ERNX.DE achieves a 0.87% return, which is significantly lower than EGLN.L's 4.83% return.
ERNX.DE
- 1D
- 0.04%
- 1M
- 0.26%
- YTD
- 0.87%
- 6M
- 0.99%
- 1Y
- 2.18%
- 3Y*
- 3.33%
- 5Y*
- —
- 10Y*
- —
EGLN.L
- 1D
- 0.55%
- 1M
- -1.62%
- YTD
- 4.83%
- 6M
- 6.32%
- 1Y
- 30.19%
- 3Y*
- 28.02%
- 5Y*
- 19.69%
- 10Y*
- —
ERNX.DE vs. EGLN.L - 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% |
EGLN.L iShares Physical Gold ETC | 4.83% | 46.01% | 34.32% | 9.37% | -5.82% |
Correlation
The correlation between ERNX.DE and EGLN.L is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since May 2, 2022 | 0.07 |
The correlation between ERNX.DE and EGLN.L shifts across timeframes, from -0.04 (1 year) to 0.09 (3 years), reflecting how their relationship changes across market environments.
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
ERNX.DE vs. EGLN.L — Risk / Return Rank
ERNX.DE
EGLN.L
ERNX.DE vs. EGLN.L - 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 iShares Physical Gold ETC (EGLN.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.
| ERNX.DE | EGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.64 | ||
| Sortino ratioReturn per unit of downside risk | +3.24 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.26 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 10.99 | 1.80 | +9.19 |
| Martin ratioReturn relative to average drawdown | 54.93 | 4.58 | +50.35 |
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
| ERNX.DE | EGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.94 | 1.30 | +1.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.90 | 0.95 | +2.95 |
Drawdowns
ERNX.DE vs. EGLN.L - Drawdown Comparison
The maximum ERNX.DE drawdown since its inception was -0.83%, smaller than the maximum EGLN.L drawdown of -18.35%. Use the drawdown chart below to compare losses from any high point for ERNX.DE and EGLN.L.
Loading charts...
Drawdown Indicators
| ERNX.DE | EGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.83% | -18.35% | +17.52% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -16.70% | +16.50% |
Max Drawdown (3Y)Largest decline over 3 years | -0.20% | -16.70% | +16.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.70% | — |
Current DrawdownCurrent decline from peak | -0.00% | -15.21% | +15.21% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -6.34% | +6.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 6.57% | -6.53% |
Volatility
ERNX.DE vs. EGLN.L - Volatility Comparison
The current volatility for iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) is 0.17%, while iShares Physical Gold ETC (EGLN.L) has a volatility of 5.42%. This indicates that ERNX.DE experiences smaller price fluctuations and is considered to be less risky than EGLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ERNX.DE | EGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.17% | 5.42% | -5.25% |
Volatility (6M)Calculated over the trailing 6-month period | 0.56% | 20.15% | -19.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.74% | 23.14% | -22.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.68% | 16.17% | -15.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.68% | 14.38% | -13.70% |
ERNX.DE vs. EGLN.L - Expense Ratio Comparison
ERNX.DE has a 0.09% expense ratio, which is lower than EGLN.L's 0.25% 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
ERNX.DE vs. EGLN.L - Dividend Comparison
Neither ERNX.DE nor EGLN.L has paid dividends to shareholders.
Frequently Asked Questions
ERNX.DE and EGLN.L have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERNX.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERNX.DE is cheaper with a 0.09% expense ratio, compared with 0.25% for EGLN.L.
ERNX.DE is categorized as Ultrashort Bond, while EGLN.L is Gold. ERNX.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index, while EGLN.L tracks LBMA Gold Price. Their fees differ too: 0.09% for ERNX.DE and 0.25% for EGLN.L.
Find the right allocation for ERNX.DE and EGLN.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