ERNX.DE vs. SGOV
Compare and contrast key facts about iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) and iShares 0-3 Month Treasury Bond ETF (SGOV).
ERNX.DE and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ERNX.DE is a passively managed fund by iShares that tracks the performance of the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. It was launched on Oct 28, 2024. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Securities Index. It was launched on May 26, 2020. Both ERNX.DE and SGOV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ERNX.DE vs. SGOV - Performance Comparison
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ERNX.DE vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ERNX.DE iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating | 0.30% | 2.69% | 4.04% | 3.34% | 0.10% |
SGOV iShares 0-3 Month Treasury Bond ETF | 2.44% | -8.13% | 12.22% | 1.97% | 0.02% |
Different Trading Currencies
ERNX.DE is traded in EUR, while SGOV is traded in USD. To make them comparable, the SGOV values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ERNX.DE achieves a 0.30% return, which is significantly lower than SGOV's 2.44% return.
ERNX.DE
- 1D
- -0.07%
- 1M
- -0.06%
- YTD
- 0.30%
- 6M
- 0.88%
- 1Y
- 2.20%
- 3Y*
- 3.29%
- 5Y*
- —
- 10Y*
- —
SGOV
- 1D
- -0.08%
- 1M
- 1.36%
- YTD
- 2.44%
- 6M
- 3.33%
- 1Y
- -2.90%
- 3Y*
- 2.56%
- 5Y*
- 3.78%
- 10Y*
- —
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ERNX.DE vs. SGOV - Expense Ratio Comparison
Both ERNX.DE and SGOV have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
ERNX.DE vs. SGOV — Risk / Return Rank
ERNX.DE
SGOV
ERNX.DE vs. SGOV - 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 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.90 | -0.37 | +3.28 |
Sortino ratioReturn per unit of downside risk | 4.71 | -0.44 | +5.15 |
Omega ratioGain probability vs. loss probability | 1.64 | 0.94 | +0.69 |
Calmar ratioReturn relative to maximum drawdown | 10.83 | -0.35 | +11.18 |
Martin ratioReturn relative to average drawdown | 49.84 | -0.52 | +50.36 |
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 | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.90 | -0.37 | +3.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.90 | 0.29 | +3.61 |
Correlation
The correlation between ERNX.DE and SGOV is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
ERNX.DE vs. SGOV - Dividend Comparison
ERNX.DE has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.95%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ERNX.DE iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.95% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Drawdowns
ERNX.DE vs. SGOV - Drawdown Comparison
The maximum ERNX.DE drawdown since its inception was -0.83%, smaller than the maximum SGOV drawdown of -11.59%. Use the drawdown chart below to compare losses from any high point for ERNX.DE and SGOV.
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Drawdown Indicators
| ERNX.DE | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.83% | -0.03% | -0.80% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -0.01% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.03% | — |
Current DrawdownCurrent decline from peak | -0.20% | 0.00% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -0.09% | 0.00% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 0.00% | +0.04% |
Volatility
ERNX.DE vs. SGOV - Volatility Comparison
The current volatility for iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) is 0.31%, while iShares 0-3 Month Treasury Bond ETF (SGOV) has a volatility of 2.10%. This indicates that ERNX.DE experiences smaller price fluctuations and is considered to be less risky than SGOV 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 | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.31% | 2.10% | -1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 0.54% | 4.28% | -3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.75% | 7.82% | -7.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.68% | 7.73% | -7.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.68% | 7.54% | -6.86% |