GILI.L vs. ERNS.L
GILI.L (Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist) and ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) are both exchange-traded funds - GILI.L is a Inflation-Protected Bonds fund tracking the FTSE Actuaries UK Index-Linked Gilts All Stocks, while ERNS.L is a Ultrashort Bond fund actively managed by iShares. GILI.L is passively managed, while ERNS.L is actively managed. Over the past 10 years, GILI.L returned -1.42%/yr vs 2.20%/yr for ERNS.L. At a 0.07 correlation, their price movements are largely independent. GILI.L charges 0.07%/yr vs 0.09%/yr for ERNS.L.
Performance
GILI.L vs. ERNS.L - Performance Comparison
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Different Trading Currencies
GILI.L is traded in GBp, while ERNS.L is traded in GBP. To make them comparable, the ERNS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, GILI.L achieves a -0.12% return, which is significantly lower than ERNS.L's 1.58% return. Over the past 10 years, GILI.L has underperformed ERNS.L with an annualized return of -1.42%, while ERNS.L has yielded a comparatively higher 2.20% annualized return.
GILI.L
- 1D
- 0.01%
- 1M
- 0.91%
- YTD
- -0.12%
- 6M
- -1.39%
- 1Y
- 2.44%
- 3Y*
- -1.24%
- 5Y*
- -8.32%
- 10Y*
- -1.42%
ERNS.L
- 1D
- 0.06%
- 1M
- 0.37%
- YTD
- 1.58%
- 6M
- 2.00%
- 1Y
- 4.44%
- 3Y*
- 5.11%
- 5Y*
- 3.62%
- 10Y*
- 2.20%
GILI.L vs. ERNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GILI.L Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist | -0.12% | 1.23% | -9.36% | 0.22% | -33.81% | 3.90% | 10.51% | 6.04% | -0.74% | 1.90% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 1.58% | 4.84% | 5.54% | 4.76% | 1.54% | 0.13% | 0.77% | 1.27% | 0.58% | 0.57% |
Correlation
The correlation between GILI.L and ERNS.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 | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2013 | 0.07 |
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Return for Risk
GILI.L vs. ERNS.L — Risk / Return Rank
GILI.L
ERNS.L
GILI.L vs. ERNS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist (GILI.L) and iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (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.
| GILI.L | ERNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.02 | ||
| Sortino ratioReturn per unit of downside risk | -9.05 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 2.39 | -1.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 20.38 | -19.99 |
| Martin ratioReturn relative to average drawdown | 0.86 | 108.76 | -107.90 |
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
| GILI.L | ERNS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 5.30 | -5.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.44 | 4.34 | -4.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.09 | 2.38 | -2.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 2.23 | -2.08 |
Drawdowns
GILI.L vs. ERNS.L - Drawdown Comparison
The maximum GILI.L drawdown since its inception was -49.28%, 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 GILI.L and ERNS.L.
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Drawdown Indicators
| GILI.L | ERNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.28% | -1.51% | -47.77% |
Max Drawdown (1Y)Largest decline over 1 year | -6.25% | -0.22% | -6.03% |
Max Drawdown (3Y)Largest decline over 3 years | -14.79% | -0.22% | -14.57% |
Max Drawdown (5Y)Largest decline over 5 years | -49.28% | -0.36% | -48.92% |
Max Drawdown (10Y)Largest decline over 10 years | -49.28% | -1.51% | -47.77% |
Current DrawdownCurrent decline from peak | -43.05% | 0.00% | -43.05% |
Average DrawdownAverage peak-to-trough decline | -15.42% | -0.05% | -15.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 0.04% | +2.80% |
Volatility
GILI.L vs. ERNS.L - Volatility Comparison
Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist (GILI.L) has a higher volatility of 3.56% compared to iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) at 0.36%. This indicates that GILI.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.
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Volatility by Period
| GILI.L | ERNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 0.36% | +3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 6.56% | 0.68% | +5.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.67% | 0.84% | +7.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.72% | 0.83% | +17.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.44% | 0.92% | +15.52% |
GILI.L vs. ERNS.L - Expense Ratio Comparison
GILI.L has a 0.07% expense ratio, which is lower than ERNS.L's 0.09% 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
GILI.L vs. ERNS.L - Dividend Comparison
GILI.L's dividend yield for the trailing twelve months is around 0.01%, less than ERNS.L's 5.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 5.65% | 4.65% | 5.42% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% |
GILI.L Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% |
Frequently Asked Questions
GILI.L and ERNS.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, GILI.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GILI.L is cheaper with a 0.07% expense ratio, compared with 0.09% for ERNS.L.
GILI.L is categorized as Inflation-Protected Bonds, while ERNS.L is Ultrashort Bond. They also come from different issuers: Lyxor and iShares. Their fees differ too: 0.07% for GILI.L and 0.09% for ERNS.L.
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