EUED.DE vs. ERNX.DE
EUED.DE (iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist)) and ERNX.DE (iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating) are both Ultrashort Bond funds from iShares - EUED.DE tracks the iBoxx MSCI ESG SRI EUR Liquid Investment Grade Ultrashort Index while ERNX.DE tracks the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. Both are passively managed. Over the past 3 years, EUED.DE returned 3.35%/yr vs 3.38%/yr for ERNX.DE. At a 0.04 correlation, their price movements are largely independent. Both charge a 0.09% expense ratio.
Performance
EUED.DE vs. ERNX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUED.DE achieves a 1.15% return, which is significantly higher than ERNX.DE's 1.08% return.
EUED.DE
- 1D
- 0.00%
- 1M
- 0.37%
- 6M
- 1.15%
- YTD
- 1.15%
- 1Y
- 2.18%
- 3Y*
- 3.35%
- 5Y*
- 2.15%
- 10Y*
- —
ERNX.DE
- 1D
- 0.00%
- 1M
- 0.36%
- 6M
- 1.08%
- YTD
- 1.08%
- 1Y
- 2.19%
- 3Y*
- 3.38%
- 5Y*
- —
- 10Y*
- —
EUED.DE vs. ERNX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EUED.DE iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) | 1.15% | 2.56% | 4.11% | 3.40% | -0.00% |
ERNX.DE iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating | 1.08% | 2.79% | 4.06% | 3.19% | 0.20% |
Correlation
The correlation between EUED.DE and ERNX.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
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 | 0.04 |
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Return for Risk
EUED.DE vs. ERNX.DE — Risk / Return Rank
EUED.DE
ERNX.DE
EUED.DE vs. ERNX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) (EUED.DE) and iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE). 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.
| EUED.DE | ERNX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.60 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 10.92 | 6.07 | +4.84 |
| Martin ratioReturn relative to average drawdown | 24.27 | 27.81 | -3.54 |
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Drawdowns
EUED.DE vs. ERNX.DE - Drawdown Comparison
The maximum EUED.DE drawdown since its inception was -3.54%, which is greater than ERNX.DE's maximum drawdown of -0.80%. Use the drawdown chart below to compare losses from any high point for EUED.DE and ERNX.DE.
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Drawdown Indicators
| EUED.DE | ERNX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.54% | -0.80% | -2.74% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -0.36% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -0.39% | -0.36% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -1.20% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.73% | -0.07% | -0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 0.08% | +0.01% |
Volatility
EUED.DE vs. ERNX.DE - Volatility Comparison
The current volatility for iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) (EUED.DE) is 0.28%, while iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) has a volatility of 0.41%. This indicates that EUED.DE experiences smaller price fluctuations and is considered to be less risky than ERNX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUED.DE | ERNX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.28% | 0.41% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.05% | 1.08% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.55% | 1.34% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.65% | 1.24% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.52% | 1.24% | +1.28% |
EUED.DE vs. ERNX.DE - Expense Ratio Comparison
Both EUED.DE and ERNX.DE have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EUED.DE vs. ERNX.DE - Dividend Comparison
EUED.DE's dividend yield for the trailing twelve months is around 2.36%, while ERNX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ERNX.DE iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EUED.DE iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) | 2.36% | 2.74% | 3.86% | 2.75% | 0.00% | 0.00% | 0.11% |
Frequently Asked Questions
EUED.DE and ERNX.DE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EUED.DE and ERNX.DE have the same expense ratio: 0.09% per year.
EUED.DE tracks iBoxx MSCI ESG SRI EUR Liquid Investment Grade Ultrashort Index, while ERNX.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index.
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