ERNX.DE vs. JEST.DE
ERNX.DE (iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating) and JEST.DE (JPM EUR Ultra-Short Income Active UCITS ETF EUR Acc) are both Ultrashort Bond funds. ERNX.DE is passively managed, while JEST.DE is actively managed. Over the past 3 years, ERNX.DE returned 3.24%/yr vs 3.28%/yr for JEST.DE. At a 0.04 correlation, their price movements are largely independent. ERNX.DE charges 0.09%/yr vs 0.18%/yr for JEST.DE.
Performance
ERNX.DE vs. JEST.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ERNX.DE achieves a 1.08% return, which is significantly lower than JEST.DE's 1.16% return.
ERNX.DE
- 1D
- 0.00%
- 1M
- 0.36%
- 6M
- 1.08%
- YTD
- 1.08%
- 1Y
- 2.19%
- 3Y*
- 3.24%
- 5Y*
- —
- 10Y*
- —
JEST.DE
- 1D
- -0.00%
- 1M
- 0.20%
- 6M
- 1.04%
- YTD
- 1.16%
- 1Y
- 2.14%
- 3Y*
- 3.28%
- 5Y*
- 2.04%
- 10Y*
- —
ERNX.DE vs. JEST.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ERNX.DE iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating | 1.08% | 2.79% | 4.06% | 3.19% | 0.20% |
JEST.DE JPM EUR Ultra-Short Income Active UCITS ETF EUR Acc | 1.16% | 2.61% | 3.93% | 3.33% | 0.02% |
Correlation
The correlation between ERNX.DE and JEST.DE is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2022 | 0.04 |
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Return for Risk
ERNX.DE vs. JEST.DE — Risk / Return Rank
ERNX.DE
JEST.DE
ERNX.DE vs. JEST.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 JPM EUR Ultra-Short Income Active UCITS ETF EUR Acc (JEST.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.
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.
| ERNX.DE | JEST.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -3.20 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.84 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 6.07 | 5.65 | +0.42 |
| Martin ratioReturn relative to average drawdown | 28.42 | 29.32 | -0.89 |
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Drawdowns
ERNX.DE vs. JEST.DE - Drawdown Comparison
The maximum ERNX.DE drawdown since its inception was -0.80%, smaller than the maximum JEST.DE drawdown of -2.16%. Use the drawdown chart below to compare losses from any high point for ERNX.DE and JEST.DE.
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Drawdown Indicators
| ERNX.DE | JEST.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.80% | -2.16% | +1.36% |
Max Drawdown (1Y)Largest decline over 1 year | -0.36% | -0.37% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -0.36% | -0.37% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.32% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.04% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -0.07% | -0.42% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 0.07% | +0.01% |
Volatility
ERNX.DE vs. JEST.DE - Volatility Comparison
iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) has a higher volatility of 0.18% compared to JPM EUR Ultra-Short Income Active UCITS ETF EUR Acc (JEST.DE) at 0.14%. This indicates that ERNX.DE's price experiences larger fluctuations and is considered to be riskier than JEST.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 | JEST.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | 0.14% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.02% | 0.55% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.33% | 0.61% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.24% | 0.48% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.24% | 0.70% | +0.54% |
ERNX.DE vs. JEST.DE - Expense Ratio Comparison
ERNX.DE has a 0.09% expense ratio, which is lower than JEST.DE's 0.18% 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. JEST.DE - Dividend Comparison
Neither ERNX.DE nor JEST.DE has paid dividends to shareholders.
Frequently Asked Questions
ERNX.DE and JEST.DE have a correlation of -0.06, 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 0.18% for JEST.DE.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.09% for ERNX.DE and 0.18% for JEST.DE.
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