GBP5.L vs. EFRN.L
GBP5.L (L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF) and EFRN.L (iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist)) are both European Corporate Bonds funds - GBP5.L tracks the Markit iBoxx GBP NonGilts 1-5 TR while EFRN.L tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR. Both are passively managed. At a 0.05 correlation, their price movements are largely independent. GBP5.L charges 0.09%/yr vs 0.10%/yr for EFRN.L.
Performance
GBP5.L vs. EFRN.L - Performance Comparison
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Different Trading Currencies
GBP5.L is traded in GBp, while EFRN.L is traded in EUR. To make them comparable, the EFRN.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
GBP5.L
- 1D
- 0.07%
- 1M
- 0.59%
- YTD
- 0.88%
- 6M
- 1.27%
- 1Y
- 4.67%
- 3Y*
- 6.06%
- 5Y*
- 2.30%
- 10Y*
- —
EFRN.L
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GBP5.L vs. EFRN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GBP5.L L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF | 0.88% | 6.37% | 4.55% | 6.90% | -6.01% | -0.54% |
EFRN.L iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) | 0.00% | 8.06% | -0.40% | 1.90% | 4.65% | -3.93% |
Correlation
The correlation between GBP5.L and EFRN.L 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 | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2021 | 0.05 |
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Return for Risk
GBP5.L vs. EFRN.L — Risk / Return Rank
GBP5.L
EFRN.L
GBP5.L vs. EFRN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF (GBP5.L) and iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.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.
| GBP5.L | EFRN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | — | — |
| Martin ratioReturn relative to average drawdown | 9.07 | — | — |
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
| GBP5.L | EFRN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | — | — |
Drawdowns
GBP5.L vs. EFRN.L - Drawdown Comparison
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Drawdown Indicators
| GBP5.L | EFRN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.97% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -1.82% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -1.82% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -11.97% | — | — |
Current DrawdownCurrent decline from peak | -0.51% | — | — |
Average DrawdownAverage peak-to-trough decline | -2.22% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | — | — |
Volatility
GBP5.L vs. EFRN.L - Volatility Comparison
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Volatility by Period
| GBP5.L | EFRN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.08% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.54% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.48% | — | — |
GBP5.L vs. EFRN.L - Expense Ratio Comparison
GBP5.L has a 0.09% expense ratio, which is lower than EFRN.L's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GBP5.L vs. EFRN.L - Dividend Comparison
GBP5.L's dividend yield for the trailing twelve months is around 4.58%, while EFRN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EFRN.L iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) | 0.00% | 1.59% | 4.22% | 2.93% | 0.00% | 0.00% | 0.00% |
GBP5.L L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF | 4.58% | 4.40% | 3.78% | 2.56% | 1.05% | 0.32% | 0.00% |
Frequently Asked Questions
GBP5.L and EFRN.L 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.
On fees, GBP5.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GBP5.L is cheaper with a 0.09% expense ratio, compared with 0.10% for EFRN.L.
GBP5.L tracks Markit iBoxx GBP NonGilts 1-5 TR, while EFRN.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.09% for GBP5.L and 0.10% for EFRN.L.
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