ERNX.DE vs. MDO.DE
ERNX.DE (iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating) is Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index, while MDO.DE (McDonald's Corporation) is a stock. Over the past 3 years, ERNX.DE returned 3.33%/yr vs -2.16%/yr for MDO.DE. At a 0.01 correlation, their price movements are largely independent.
Performance
ERNX.DE vs. MDO.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 higher than MDO.DE's -8.83% return.
ERNX.DE
- 1D
- 0.04%
- 1M
- 0.26%
- YTD
- 0.87%
- 6M
- 0.99%
- 1Y
- 2.18%
- 3Y*
- 3.33%
- 5Y*
- —
- 10Y*
- —
MDO.DE
- 1D
- -0.55%
- 1M
- -2.26%
- YTD
- -8.83%
- 6M
- -9.63%
- 1Y
- -11.75%
- 3Y*
- -2.16%
- 5Y*
- 6.64%
- 10Y*
- 10.79%
ERNX.DE vs. MDO.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% |
MDO.DE McDonald's Corporation | -8.83% | -4.28% | 7.30% | 9.07% | 6.04% |
Correlation
The correlation between ERNX.DE and MDO.DE 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 | 0.04 |
Correlation (All Time) Calculated using the full available price history since May 2, 2022 | 0.01 |
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Return for Risk
ERNX.DE vs. MDO.DE — Risk / Return Rank
ERNX.DE
MDO.DE
ERNX.DE vs. MDO.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 McDonald's Corporation (MDO.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 | MDO.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.65 | ||
| Sortino ratioReturn per unit of downside risk | +5.91 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 0.90 | +0.77 |
| Calmar ratioReturn relative to maximum drawdown | 10.99 | -0.61 | +11.60 |
| Martin ratioReturn relative to average drawdown | 54.93 | -1.67 | +56.60 |
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 | MDO.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.94 | -0.71 | +3.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.38 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.90 | 0.43 | +3.47 |
Drawdowns
ERNX.DE vs. MDO.DE - Drawdown Comparison
The maximum ERNX.DE drawdown since its inception was -0.83%, smaller than the maximum MDO.DE drawdown of -75.40%. Use the drawdown chart below to compare losses from any high point for ERNX.DE and MDO.DE.
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Drawdown Indicators
| ERNX.DE | MDO.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.83% | -75.40% | +74.57% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -19.06% | +18.86% |
Max Drawdown (3Y)Largest decline over 3 years | -0.20% | -20.52% | +20.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.52% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.61% | — |
Current DrawdownCurrent decline from peak | -0.00% | -18.56% | +18.56% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -14.86% | +14.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 7.02% | -6.98% |
Volatility
ERNX.DE vs. MDO.DE - Volatility Comparison
The current volatility for iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) is 0.17%, while McDonald's Corporation (MDO.DE) has a volatility of 5.89%. This indicates that ERNX.DE experiences smaller price fluctuations and is considered to be less risky than MDO.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 | MDO.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.17% | 5.89% | -5.72% |
Volatility (6M)Calculated over the trailing 6-month period | 0.56% | 11.44% | -10.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.74% | 16.41% | -15.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.68% | 17.08% | -16.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.68% | 19.64% | -18.96% |
Dividends
ERNX.DE vs. MDO.DE - Dividend Comparison
ERNX.DE has not paid dividends to shareholders, while MDO.DE's dividend yield for the trailing twelve months is around 2.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERNX.DE iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MDO.DE McDonald's Corporation | 2.68% | 2.35% | 2.08% | 2.01% | 1.95% | 1.90% | 2.50% | 2.30% | 2.34% | 2.28% | 2.67% | 2.69% |
Frequently Asked Questions
ERNX.DE and MDO.DE 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.
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