FLO5.L vs. ERNS.L
Compare and contrast key facts about iShares USD Floating Rate Bond UCITS ETF (FLO5.L) and iShares £ Ultrashort Bond UCITS ETF (ERNS.L).
FLO5.L and ERNS.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLO5.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Corp Bond TR USD. It was launched on Jul 10, 2017. ERNS.L is a passively managed fund by iShares that tracks the performance of the Markit iBoxx GBP Liquid Investment Grade Ultrashort Index. It was launched on Nov 16, 2013. Both FLO5.L and ERNS.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLO5.L or ERNS.L.
Key characteristics
| FLO5.L | ERNS.L | |
|---|---|---|
| YTD Return | 0.05% | 2.18% |
| 1Y Return | -3.87% | 5.69% |
| 3Y Return (Ann) | 3.92% | 2.81% |
| 5Y Return (Ann) | 0.09% | 1.99% |
| Sharpe Ratio | -0.14 | 7.02 |
| Daily Std Dev | 8.56% | 0.80% |
| Max Drawdown | -17.05% | -1.51% |
| Current Drawdown | -14.73% | 0.00% |
Correlation
The correlation between FLO5.L and ERNS.L is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FLO5.L vs. ERNS.L - Performance Comparison
In the year-to-date period, FLO5.L achieves a 0.05% return, which is significantly lower than ERNS.L's 2.18% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FLO5.L vs. ERNS.L - Expense Ratio Comparison
FLO5.L has a 0.10% expense ratio, which is higher than ERNS.L's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FLO5.L vs. ERNS.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Floating Rate Bond UCITS ETF (FLO5.L) and iShares £ Ultrashort Bond UCITS ETF (ERNS.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.
Dividends
FLO5.L vs. ERNS.L - Dividend Comparison
FLO5.L has not paid dividends to shareholders, while ERNS.L's dividend yield for the trailing twelve months is around 4.44%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLO5.L iShares USD Floating Rate Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF | 4.44% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% | 0.55% | 0.06% |
Drawdowns
FLO5.L vs. ERNS.L - Drawdown Comparison
The maximum FLO5.L drawdown since its inception was -17.05%, which is greater than ERNS.L's maximum drawdown of -1.51%. Use the drawdown chart below to compare losses from any high point for FLO5.L and ERNS.L. For additional features, visit the drawdowns tool.
Volatility
FLO5.L vs. ERNS.L - Volatility Comparison
iShares USD Floating Rate Bond UCITS ETF (FLO5.L) has a higher volatility of 2.99% compared to iShares £ Ultrashort Bond UCITS ETF (ERNS.L) at 1.75%. This indicates that FLO5.L's price experiences larger fluctuations and is considered to be riskier than ERNS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.