ERNX.DE vs. URNG.L
ERNX.DE (iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating) and URNG.L (Global X Uranium UCITS ETF USD Accumulating) are both exchange-traded funds - ERNX.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index, while URNG.L is a Commodity Producers Equities fund tracking the Solactive Global Uranium & Nuclear Components. Both are passively managed. Over the past 3 years, ERNX.DE returned 3.33%/yr vs 35.91%/yr for URNG.L. At a correlation of -0.02, they often move in opposite directions. ERNX.DE charges 0.09%/yr vs 0.65%/yr for URNG.L.
Performance
ERNX.DE vs. URNG.L - Performance Comparison
Loading charts...
Different Trading Currencies
ERNX.DE is traded in EUR, while URNG.L is traded in GBP. To make them comparable, the URNG.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 URNG.L's 19.33% return.
ERNX.DE
- 1D
- 0.04%
- 1M
- 0.26%
- YTD
- 0.87%
- 6M
- 0.99%
- 1Y
- 2.18%
- 3Y*
- 3.33%
- 5Y*
- —
- 10Y*
- —
URNG.L
- 1D
- -0.57%
- 1M
- -7.94%
- YTD
- 19.33%
- 6M
- 8.33%
- 1Y
- 60.33%
- 3Y*
- 35.91%
- 5Y*
- —
- 10Y*
- —
ERNX.DE vs. URNG.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% |
URNG.L Global X Uranium UCITS ETF USD Accumulating | 19.33% | 50.23% | 7.93% | 33.63% | -16.74% |
Correlation
The correlation between ERNX.DE and URNG.L 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 | -0.04 |
Correlation (All Time) Calculated using the full available price history since May 2, 2022 | -0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ERNX.DE vs. URNG.L — Risk / Return Rank
ERNX.DE
URNG.L
ERNX.DE vs. URNG.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 Global X Uranium UCITS ETF USD Accumulating (URNG.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 | URNG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +3.13 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.22 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 10.99 | 1.80 | +9.19 |
| Martin ratioReturn relative to average drawdown | 54.93 | 4.62 | +50.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ERNX.DE | URNG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.94 | 1.22 | +1.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.90 | 0.50 | +3.40 |
Drawdowns
ERNX.DE vs. URNG.L - Drawdown Comparison
The maximum ERNX.DE drawdown since its inception was -0.83%, smaller than the maximum URNG.L drawdown of -40.59%. Use the drawdown chart below to compare losses from any high point for ERNX.DE and URNG.L.
Loading charts...
Drawdown Indicators
| ERNX.DE | URNG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.83% | -40.59% | +39.76% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -33.35% | +33.15% |
Max Drawdown (3Y)Largest decline over 3 years | -0.20% | -40.59% | +40.39% |
Current DrawdownCurrent decline from peak | -0.00% | -13.83% | +13.83% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -12.94% | +12.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 13.03% | -12.99% |
Volatility
ERNX.DE vs. URNG.L - Volatility Comparison
The current volatility for iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) is 0.17%, while Global X Uranium UCITS ETF USD Accumulating (URNG.L) has a volatility of 14.95%. This indicates that ERNX.DE experiences smaller price fluctuations and is considered to be less risky than URNG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ERNX.DE | URNG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.17% | 14.95% | -14.78% |
Volatility (6M)Calculated over the trailing 6-month period | 0.56% | 34.34% | -33.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.74% | 49.31% | -48.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.68% | 39.90% | -39.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.68% | 39.90% | -39.22% |
ERNX.DE vs. URNG.L - Expense Ratio Comparison
ERNX.DE has a 0.09% expense ratio, which is lower than URNG.L's 0.65% expense ratio.
Dividends
ERNX.DE vs. URNG.L - Dividend Comparison
Neither ERNX.DE nor URNG.L has paid dividends to shareholders.
Frequently Asked Questions
ERNX.DE and URNG.L 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 0.65% for URNG.L.
ERNX.DE is categorized as Ultrashort Bond, while URNG.L is Commodity Producers Equities. ERNX.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index, while URNG.L tracks Solactive Global Uranium & Nuclear Components. They also come from different issuers: iShares and Global X. Their fees differ too: 0.09% for ERNX.DE and 0.65% for URNG.L.
Find the right allocation for ERNX.DE and URNG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer