ICSH vs. ERNS.L
Compare and contrast key facts about iShares Ultra Short-Term Bond ETF (ICSH) and iShares £ Ultrashort Bond UCITS ETF (ERNS.L).
ICSH 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. ICSH is an actively managed fund by iShares. It was launched on Dec 11, 2013. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ICSH or ERNS.L.
Correlation
The correlation between ICSH and ERNS.L is 0.07, 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
ICSH vs. ERNS.L - Performance Comparison
Key characteristics
ICSH:
13.48
ERNS.L:
8.80
ICSH:
35.47
ERNS.L:
18.77
ICSH:
8.69
ERNS.L:
3.93
ICSH:
67.20
ERNS.L:
48.98
ICSH:
491.52
ERNS.L:
269.60
ICSH:
0.01%
ERNS.L:
0.02%
ICSH:
0.41%
ERNS.L:
0.63%
ICSH:
-3.94%
ERNS.L:
-1.51%
ICSH:
0.00%
ERNS.L:
0.00%
Returns By Period
In the year-to-date period, ICSH achieves a 0.77% return, which is significantly lower than ERNS.L's 0.81% return. Over the past 10 years, ICSH has outperformed ERNS.L with an annualized return of 2.50%, while ERNS.L has yielded a comparatively lower 1.72% annualized return.
ICSH
0.77%
0.47%
2.45%
5.59%
2.82%
2.50%
ERNS.L
0.81%
0.51%
2.73%
5.61%
2.66%
1.72%
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ICSH vs. ERNS.L - Expense Ratio Comparison
ICSH has a 0.08% 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%.
Risk-Adjusted Performance
ICSH vs. ERNS.L — Risk-Adjusted Performance Rank
ICSH
ERNS.L
ICSH vs. ERNS.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ultra Short-Term Bond ETF (ICSH) 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
ICSH vs. ERNS.L - Dividend Comparison
ICSH's dividend yield for the trailing twelve months is around 5.16%, less than ERNS.L's 5.37% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICSH iShares Ultra Short-Term Bond ETF | 5.16% | 5.24% | 4.78% | 1.66% | 0.42% | 1.22% | 2.60% | 2.19% | 1.36% | 0.88% | 0.54% | 0.46% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF | 5.37% | 5.42% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% | 0.55% |
Drawdowns
ICSH vs. ERNS.L - Drawdown Comparison
The maximum ICSH drawdown since its inception was -3.94%, 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 ICSH and ERNS.L. For additional features, visit the drawdowns tool.
Volatility
ICSH vs. ERNS.L - Volatility Comparison
The current volatility for iShares Ultra Short-Term Bond ETF (ICSH) is 0.11%, while iShares £ Ultrashort Bond UCITS ETF (ERNS.L) has a volatility of 2.02%. This indicates that ICSH experiences smaller price fluctuations and is considered to be less risky than ERNS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.