IGF vs. ERNS.L
IGF (iShares Global Infrastructure ETF) and ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) are both exchange-traded funds - IGF is a Industrials Equities fund tracking the S&P Global Infrastructure Index, while ERNS.L is a Ultrashort Bond fund actively managed by iShares. IGF is passively managed, while ERNS.L is actively managed. Over the past 10 years, IGF returned 8.26%/yr vs 1.52%/yr for ERNS.L. At a 0.36 correlation, their price movements are largely independent. IGF charges 0.39%/yr vs 0.09%/yr for ERNS.L.
Performance
IGF vs. ERNS.L - Performance Comparison
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Different Trading Currencies
IGF is traded in USD, while ERNS.L is traded in GBP. To make them comparable, the ERNS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGF achieves a 7.07% return, which is significantly higher than ERNS.L's 0.69% return. Over the past 10 years, IGF has outperformed ERNS.L with an annualized return of 8.26%, while ERNS.L has yielded a comparatively lower 1.52% annualized return.
IGF
- 1D
- -0.73%
- 1M
- -1.91%
- YTD
- 7.07%
- 6M
- 8.23%
- 1Y
- 13.89%
- 3Y*
- 15.43%
- 5Y*
- 9.75%
- 10Y*
- 8.26%
ERNS.L
- 1D
- 0.03%
- 1M
- -1.75%
- YTD
- 0.69%
- 6M
- 2.14%
- 1Y
- 2.95%
- 3Y*
- 7.10%
- 5Y*
- 2.47%
- 10Y*
- 1.52%
IGF vs. ERNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGF iShares Global Infrastructure ETF | 7.07% | 21.31% | 14.81% | 6.14% | -1.26% | 11.57% | -6.50% | 25.82% | -9.95% | 19.31% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 0.69% | 12.75% | 3.79% | 10.28% | -9.32% | -0.77% | 3.86% | 5.34% | -5.11% | 10.14% |
Correlation
The correlation between IGF and ERNS.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2013 | 0.36 |
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Return for Risk
IGF vs. ERNS.L — Risk / Return Rank
IGF
ERNS.L
IGF vs. ERNS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure ETF (IGF) 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.
| IGF | ERNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.08 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 0.71 | +1.67 |
| Martin ratioReturn relative to average drawdown | 7.08 | 1.58 | +5.49 |
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
| IGF | ERNS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 0.44 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.29 | +0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.16 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.05 | +0.18 |
Drawdowns
IGF vs. ERNS.L - Drawdown Comparison
The maximum IGF drawdown since its inception was -58.33%, which is greater than ERNS.L's maximum drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for IGF and ERNS.L.
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Drawdown Indicators
| IGF | ERNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.33% | -34.17% | -24.16% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -4.13% | -1.74% |
Max Drawdown (3Y)Largest decline over 3 years | -14.28% | -7.89% | -6.39% |
Max Drawdown (5Y)Largest decline over 5 years | -20.83% | -24.43% | +3.60% |
Max Drawdown (10Y)Largest decline over 10 years | -42.11% | -24.90% | -17.21% |
Current DrawdownCurrent decline from peak | -5.29% | -2.16% | -3.13% |
Average DrawdownAverage peak-to-trough decline | -11.87% | -16.11% | +4.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.86% | +0.11% |
Volatility
IGF vs. ERNS.L - Volatility Comparison
iShares Global Infrastructure ETF (IGF) has a higher volatility of 3.61% compared to iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) at 2.02%. This indicates that IGF'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
| IGF | ERNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 2.02% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 8.68% | 4.95% | +3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.56% | 6.75% | +3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 8.63% | +5.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 9.41% | +7.43% |
IGF vs. ERNS.L - Expense Ratio Comparison
IGF has a 0.39% expense ratio, which is higher than ERNS.L's 0.09% expense ratio.
Dividends
IGF vs. ERNS.L - Dividend Comparison
IGF's dividend yield for the trailing twelve months is around 3.01%, 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% |
IGF iShares Global Infrastructure ETF | 3.01% | 3.23% | 3.21% | 3.36% | 2.67% | 2.42% | 2.33% | 3.27% | 3.52% | 2.95% | 2.98% | 3.25% |
Frequently Asked Questions
IGF and ERNS.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERNS.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERNS.L is cheaper with a 0.09% expense ratio, compared with 0.39% for IGF.
IGF is categorized as Industrials Equities, while ERNS.L is Ultrashort Bond. Their fees differ too: 0.39% for IGF and 0.09% for ERNS.L.
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