ERNX.DE vs. SXLU.L
ERNX.DE (iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating) and SXLU.L (SPDR S&P US Utilities Select Sector UCITS ETF) are both exchange-traded funds - ERNX.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index, while SXLU.L is a Utilities Equities fund tracking the MSCI World/Utilities NR USD. Both are passively managed. Over the past 3 years, ERNX.DE returned 3.33%/yr vs 9.59%/yr for SXLU.L. At a 0.04 correlation, their price movements are largely independent. ERNX.DE charges 0.09%/yr vs 0.15%/yr for SXLU.L.
Performance
ERNX.DE vs. SXLU.L - Performance Comparison
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Different Trading Currencies
ERNX.DE is traded in EUR, while SXLU.L is traded in USD. To make them comparable, the SXLU.L 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 0.87% return, which is significantly lower than SXLU.L's 2.61% return.
ERNX.DE
- 1D
- 0.04%
- 1M
- 0.26%
- YTD
- 0.87%
- 6M
- 0.99%
- 1Y
- 2.18%
- 3Y*
- 3.33%
- 5Y*
- —
- 10Y*
- —
SXLU.L
- 1D
- -2.32%
- 1M
- -6.20%
- YTD
- 2.61%
- 6M
- 0.23%
- 1Y
- 6.76%
- 3Y*
- 9.59%
- 5Y*
- 9.42%
- 10Y*
- 8.25%
ERNX.DE vs. SXLU.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% |
SXLU.L SPDR S&P US Utilities Select Sector UCITS ETF | 2.62% | 1.97% | 31.08% | -10.89% | -1.55% |
Correlation
The correlation between ERNX.DE and SXLU.L is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since May 2, 2022 | 0.04 |
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Return for Risk
ERNX.DE vs. SXLU.L — Risk / Return Rank
ERNX.DE
SXLU.L
ERNX.DE vs. SXLU.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 SPDR S&P US Utilities Select Sector UCITS ETF (SXLU.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 | SXLU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.50 | ||
| Sortino ratioReturn per unit of downside risk | +4.27 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.08 | +0.59 |
| Calmar ratioReturn relative to maximum drawdown | 10.99 | 0.73 | +10.26 |
| Martin ratioReturn relative to average drawdown | 54.93 | 1.51 | +53.42 |
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 | SXLU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.94 | 0.44 | +2.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.90 | 0.49 | +3.41 |
Drawdowns
ERNX.DE vs. SXLU.L - Drawdown Comparison
The maximum ERNX.DE drawdown since its inception was -0.83%, smaller than the maximum SXLU.L drawdown of -35.81%. Use the drawdown chart below to compare losses from any high point for ERNX.DE and SXLU.L.
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Drawdown Indicators
| ERNX.DE | SXLU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.83% | -35.81% | +34.98% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -9.25% | +9.05% |
Max Drawdown (3Y)Largest decline over 3 years | -0.20% | -15.58% | +15.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.81% | — |
Current DrawdownCurrent decline from peak | -0.00% | -8.64% | +8.64% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -8.59% | +8.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 4.47% | -4.43% |
Volatility
ERNX.DE vs. SXLU.L - Volatility Comparison
The current volatility for iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) is 0.17%, while SPDR S&P US Utilities Select Sector UCITS ETF (SXLU.L) has a volatility of 5.50%. This indicates that ERNX.DE experiences smaller price fluctuations and is considered to be less risky than SXLU.L 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 | SXLU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.17% | 5.50% | -5.33% |
Volatility (6M)Calculated over the trailing 6-month period | 0.56% | 12.11% | -11.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.74% | 15.23% | -14.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.68% | 17.24% | -16.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.68% | 18.49% | -17.81% |
ERNX.DE vs. SXLU.L - Expense Ratio Comparison
ERNX.DE has a 0.09% expense ratio, which is lower than SXLU.L's 0.15% 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. SXLU.L - Dividend Comparison
Neither ERNX.DE nor SXLU.L has paid dividends to shareholders.
Frequently Asked Questions
ERNX.DE and SXLU.L have a correlation of -0.01, 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 0.15% for SXLU.L.
ERNX.DE is categorized as Ultrashort Bond, while SXLU.L is Utilities Equities. ERNX.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index, while SXLU.L tracks MSCI World/Utilities NR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.09% for ERNX.DE and 0.15% for SXLU.L.
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