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 3.33%/yr vs 24.81%/yr for XRP-USD. At a correlation of -0.02, they often move in opposite directions.
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 0.87% return, which is significantly higher than XRP-USD's -38.39% return.
ERNX.DE
- 1D
- 0.04%
- 1M
- 0.28%
- YTD
- 0.87%
- 6M
- 0.97%
- 1Y
- 2.18%
- 3Y*
- 3.33%
- 5Y*
- —
- 10Y*
- —
XRP-USD
- 1D
- -4.07%
- 1M
- -20.48%
- YTD
- -38.39%
- 6M
- -44.82%
- 1Y
- -47.31%
- 3Y*
- 24.81%
- 5Y*
- 3.87%
- 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 | 0.87% | 2.69% | 4.04% | 3.34% | 0.10% |
XRP-USD XRP | -38.39% | -22.05% | 255.79% | 75.16% | -44.40% |
Correlation
The correlation between ERNX.DE and XRP-USD is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2022 | -0.02 |
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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.
| ERNX.DE | XRP-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.65 | ||
| Sortino ratioReturn per unit of downside risk | +5.89 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 0.90 | +0.76 |
| Calmar ratioReturn relative to maximum drawdown | 10.99 | -0.69 | +11.68 |
| Martin ratioReturn relative to average drawdown | 54.93 | -1.11 | +56.04 |
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 | XRP-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.94 | -0.71 | +3.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.90 | 0.57 | +3.33 |
Drawdowns
ERNX.DE vs. XRP-USD - Drawdown Comparison
The maximum ERNX.DE drawdown since its inception was -0.83%, 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 | -0.83% | -95.28% | +94.45% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -68.24% | +68.04% |
Max Drawdown (3Y)Largest decline over 3 years | -0.20% | -69.93% | +69.73% |
Max Drawdown (5Y)Largest decline over 5 years | — | -74.75% | — |
Current DrawdownCurrent decline from peak | -0.00% | -69.93% | +69.93% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -69.64% | +69.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 43.24% | -43.20% |
Volatility
ERNX.DE vs. XRP-USD - Volatility Comparison
The current volatility for iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) is 0.17%, while XRP (XRP-USD) has a volatility of 12.26%. 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 | 0.17% | 12.26% | -12.09% |
Volatility (6M)Calculated over the trailing 6-month period | 0.56% | 45.25% | -44.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.74% | 55.49% | -54.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.68% | 71.36% | -70.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.68% | 103.22% | -102.54% |
Frequently Asked Questions
ERNX.DE and XRP-USD have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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