ERNX.DE vs. TER

Last updated Jun 5, 2026

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 TER (Teradyne, Inc.) is a stock. Over the past 3 years, ERNX.DE returned 3.33%/yr vs 48.29%/yr for TER. At a correlation of -0.06, they often move in opposite directions.

Performance

ERNX.DE vs. TER - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) and Teradyne, Inc. (TER). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ERNX.DE is traded in EUR, while TER is traded in USD. To make them comparable, the TER 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 TER's 88.70% return.

ERNX.DE

• 1D: 0.04%
• 1M: 0.28%
• YTD: 0.87%
• 6M: 0.97%
• 1Y: 2.18%
• 3Y*: 3.33%
• 5Y*: —
• 10Y*: —

TER

• 1D: -11.32%
• 1M: -4.54%
• YTD: 88.70%
• 6M: 80.29%
• 1Y: 336.09%
• 3Y*: 48.29%
• 5Y*: 23.96%
• 10Y*: 34.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ERNX.DE vs. TER - 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%
TER Teradyne, Inc.	88.70%	36.07%	24.20%	21.04%	-18.11%

Correlation

The correlation between ERNX.DE and TER is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.17
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	-0.06

The correlation between ERNX.DE and TER shifts across timeframes, from -0.17 (1 year) to -0.06 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ERNX.DE vs. TER — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ERNX.DE

ERNX.DE Risk / Return Rank: 94
ERNX.DE Sharpe Ratio Rank: 89
ERNX.DE Sortino Ratio Rank: 95
ERNX.DE Omega Ratio Rank: 94
ERNX.DE Calmar Ratio Rank: 97
ERNX.DE Martin Ratio Rank: 98

TER

TER Risk / Return Rank: 98
TER Sharpe Ratio Rank: 99
TER Sortino Ratio Rank: 96
TER Omega Ratio Rank: 96
TER Calmar Ratio Rank: 98
TER Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ERNX.DE vs. TER - 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 Teradyne, Inc. (TER). 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	TER	Difference
Sharpe ratio: Return per unit of total volatility	2.94	5.15	-2.21
Sortino ratio: Return per unit of downside risk	4.98	4.38	+0.60
Omega ratio: Gain probability vs. loss probability	1.67	1.62	+0.05
Calmar ratio: Return relative to maximum drawdown	10.99	12.82	-1.83
Martin ratio: Return relative to average drawdown	54.93	48.07	+6.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ERNX.DE vs. TER - Sharpe Ratio Comparison

The current ERNX.DE Sharpe Ratio is 2.94, which is lower than the TER Sharpe Ratio of 5.15. The chart below compares the historical Sharpe Ratios of ERNX.DE and TER, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ERNX.DE	TER	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.94	5.15	-2.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.49	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.90	0.47	+3.43

Drawdowns

ERNX.DE vs. TER - Drawdown Comparison

The maximum ERNX.DE drawdown since its inception was -0.83%, smaller than the maximum TER drawdown of -78.42%. Use the drawdown chart below to compare losses from any high point for ERNX.DE and TER.

Drawdown Indicators

	ERNX.DE	TER	Difference
Max Drawdown Largest peak-to-trough decline	-0.83%	-78.42%	+77.59%
Max Drawdown (1Y) Largest decline over 1 year	-0.20%	-26.41%	+26.21%
Max Drawdown (3Y) Largest decline over 3 years	-0.20%	-59.33%	+59.13%
Max Drawdown (5Y) Largest decline over 5 years	—	-59.33%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-59.33%	—
Current Drawdown Current decline from peak	-0.00%	-12.86%	+12.86%
Average Drawdown Average peak-to-trough decline	-0.09%	-20.08%	+19.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.04%	7.03%	-6.99%

Volatility

ERNX.DE vs. TER - Volatility Comparison

The current volatility for iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) is 0.17%, while Teradyne, Inc. (TER) has a volatility of 22.09%. This indicates that ERNX.DE experiences smaller price fluctuations and is considered to be less risky than TER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ERNX.DE	TER	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.17%	22.09%	-21.92%
Volatility (6M) Calculated over the trailing 6-month period	0.56%	50.37%	-49.81%
Volatility (1Y) Calculated over the trailing 1-year period	0.74%	65.83%	-65.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.68%	49.15%	-48.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.68%	44.89%	-44.21%

Dividends

ERNX.DE vs. TER - Dividend Comparison

ERNX.DE has not paid dividends to shareholders, while TER's dividend yield for the trailing twelve months is around 0.14%.

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%
TER Teradyne, Inc.	0.14%	0.25%	0.38%	0.41%	0.50%	0.24%	0.33%	0.53%	1.15%	0.67%	0.94%	1.16%

Frequently Asked Questions

Can I hold both ERNX.DE and TER in my portfolio?

ERNX.DE and TER have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.