ERNX.DE vs. XRP-USD
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 XRP-USD (XRP) is a cryptocurrency. Over the past 3 years, ERNX.DE returned 3.24%/yr vs 14.78%/yr for XRP-USD. At a 0.01 correlation, their price movements are largely independent.
Performance
ERNX.DE vs. XRP-USD - Performance Comparison
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Different Trading Currencies
ERNX.DE is traded in EUR, while XRP-USD is traded in USD. To make them comparable, the XRP-USD 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 1.08% return, which is significantly higher than XRP-USD's -38.18% return.
ERNX.DE
- 1D
- 0.00%
- 1M
- 0.36%
- 6M
- 1.08%
- YTD
- 1.08%
- 1Y
- 2.19%
- 3Y*
- 3.24%
- 5Y*
- —
- 10Y*
- —
XRP-USD
- 1D
- -0.56%
- 1M
- -9.35%
- 6M
- -47.32%
- YTD
- -38.18%
- 1Y
- -61.55%
- 3Y*
- 14.78%
- 5Y*
- 14.10%
- 10Y*
- —
ERNX.DE vs. XRP-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ERNX.DE iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating | 1.08% | 2.79% | 4.06% | 3.19% | 0.20% |
XRP-USD XRP | -38.18% | -22.05% | 255.79% | 75.16% | -47.48% |
Correlation
The correlation between ERNX.DE and XRP-USD is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2022 | 0.01 |
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Return for Risk
ERNX.DE vs. XRP-USD — Risk / Return Rank
ERNX.DE
XRP-USD
ERNX.DE vs. XRP-USD - 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 XRP (XRP-USD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ERNX.DE | XRP-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.60 | ||
| Sortino ratioReturn per unit of downside risk | +4.37 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 0.83 | +0.80 |
| Calmar ratioReturn relative to maximum drawdown | 6.07 | -0.88 | +6.95 |
| Martin ratioReturn relative to average drawdown | 28.42 | -1.27 | +29.70 |
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Drawdowns
ERNX.DE vs. XRP-USD - Drawdown Comparison
The maximum ERNX.DE drawdown since its inception was -0.80%, smaller than the maximum XRP-USD drawdown of -95.28%. Use the drawdown chart below to compare losses from any high point for ERNX.DE and XRP-USD.
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Drawdown Indicators
| ERNX.DE | XRP-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.80% | -95.28% | +94.48% |
Max Drawdown (1Y)Largest decline over 1 year | -0.36% | -70.07% | +69.71% |
Max Drawdown (3Y)Largest decline over 3 years | -0.36% | -71.66% | +71.30% |
Max Drawdown (5Y)Largest decline over 5 years | — | -74.75% | — |
Current DrawdownCurrent decline from peak | 0.00% | -69.83% | +69.83% |
Average DrawdownAverage peak-to-trough decline | -0.07% | -69.62% | +69.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 40.90% | -40.82% |
Volatility
ERNX.DE vs. XRP-USD - Volatility Comparison
The current volatility for iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) is 0.18%, while XRP (XRP-USD) has a volatility of 10.45%. This indicates that ERNX.DE experiences smaller price fluctuations and is considered to be less risky than XRP-USD 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 | XRP-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | 10.45% | -10.27% |
Volatility (6M)Calculated over the trailing 6-month period | 1.02% | 43.25% | -42.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.33% | 54.43% | -53.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.24% | 70.09% | -68.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.24% | 102.75% | -101.51% |
Frequently Asked Questions
ERNX.DE and XRP-USD have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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