IBDT vs. ERNA.L
Compare and contrast key facts about iShares iBonds Dec 2028 Term Corporate ETF (IBDT) and iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.L).
IBDT and ERNA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBDT is a passively managed fund by iShares that tracks the performance of the Bloomberg December 2028 Maturity Corporate Index. It was launched on Sep 18, 2018. ERNA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Corp 1-3 Yr TR USD. It was launched on Jun 29, 2018. Both IBDT and ERNA.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: IBDT or ERNA.L.
Key characteristics
| IBDT | ERNA.L | |
|---|---|---|
| YTD Return | 3.50% | 5.02% |
| 1Y Return | 8.22% | 5.98% |
| 3Y Return (Ann) | -0.30% | 3.94% |
| 5Y Return (Ann) | 1.39% | 2.70% |
| Sharpe Ratio | 2.08 | 7.68 |
| Sortino Ratio | 3.13 | 15.96 |
| Omega Ratio | 1.40 | 3.44 |
| Calmar Ratio | 0.73 | 58.05 |
| Martin Ratio | 9.67 | 197.65 |
| Ulcer Index | 0.81% | 0.03% |
| Daily Std Dev | 3.75% | 0.77% |
| Max Drawdown | -17.79% | -8.63% |
| Current Drawdown | -3.37% | 0.00% |
Correlation
The correlation between IBDT and ERNA.L is 0.14, 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
IBDT vs. ERNA.L - Performance Comparison
In the year-to-date period, IBDT achieves a 3.50% return, which is significantly lower than ERNA.L's 5.02% 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.
IBDT vs. ERNA.L - Expense Ratio Comparison
IBDT has a 0.10% expense ratio, which is higher than ERNA.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
IBDT vs. ERNA.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2028 Term Corporate ETF (IBDT) and iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.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
IBDT vs. ERNA.L - Dividend Comparison
IBDT's dividend yield for the trailing twelve months is around 4.62%, while ERNA.L has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
IBDT iShares iBonds Dec 2028 Term Corporate ETF | 4.62% | 4.10% | 3.24% | 2.45% | 2.80% | 3.33% | 1.48% |
ERNA.L iShares USD Ultrashort Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IBDT vs. ERNA.L - Drawdown Comparison
The maximum IBDT drawdown since its inception was -17.79%, which is greater than ERNA.L's maximum drawdown of -8.63%. Use the drawdown chart below to compare losses from any high point for IBDT and ERNA.L. For additional features, visit the drawdowns tool.
Volatility
IBDT vs. ERNA.L - Volatility Comparison
iShares iBonds Dec 2028 Term Corporate ETF (IBDT) has a higher volatility of 0.86% compared to iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.L) at 0.32%. This indicates that IBDT's price experiences larger fluctuations and is considered to be riskier than ERNA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.