IGLT.L vs. ERNS.L
Compare and contrast key facts about iShares Core UK Gilts UCITS ETF (IGLT.L) and iShares £ Ultrashort Bond UCITS ETF (ERNS.L).
IGLT.L 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. IGLT.L is a passively managed fund by iShares that tracks the performance of the FTSE Actuaries UK Conventional Gilts All Stocks Index. It was launched on Dec 1, 2006. 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. Both IGLT.L and ERNS.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: IGLT.L or ERNS.L.
Key characteristics
| IGLT.L | ERNS.L | |
|---|---|---|
| YTD Return | -2.94% | 4.65% |
| 1Y Return | 3.43% | 5.61% |
| 3Y Return (Ann) | -8.60% | 3.64% |
| 5Y Return (Ann) | -4.86% | 2.38% |
| 10Y Return (Ann) | -0.17% | 1.57% |
| Sharpe Ratio | 0.35 | 8.06 |
| Sortino Ratio | 0.55 | 16.49 |
| Omega Ratio | 1.06 | 3.48 |
| Calmar Ratio | 0.08 | 46.97 |
| Martin Ratio | 0.82 | 220.07 |
| Ulcer Index | 3.13% | 0.02% |
| Daily Std Dev | 7.43% | 0.69% |
| Max Drawdown | -35.52% | -1.51% |
| Current Drawdown | -28.39% | 0.00% |
Correlation
The correlation between IGLT.L and ERNS.L is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IGLT.L vs. ERNS.L - Performance Comparison
In the year-to-date period, IGLT.L achieves a -2.94% return, which is significantly lower than ERNS.L's 4.65% return. Over the past 10 years, IGLT.L has underperformed ERNS.L with an annualized return of -0.17%, while ERNS.L has yielded a comparatively higher 1.57% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IGLT.L vs. ERNS.L - Expense Ratio Comparison
IGLT.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%.
Risk-Adjusted Performance
IGLT.L vs. ERNS.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core UK Gilts UCITS ETF (IGLT.L) 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
IGLT.L vs. ERNS.L - Dividend Comparison
IGLT.L's dividend yield for the trailing twelve months is around 3.02%, less than ERNS.L's 5.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLT.L iShares Core UK Gilts UCITS ETF | 3.02% | 2.40% | 1.32% | 0.79% | 0.95% | 1.25% | 1.31% | 1.30% | 1.88% | 2.05% | 2.04% | 2.14% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF | 5.25% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% | 0.55% | 0.06% |
Drawdowns
IGLT.L vs. ERNS.L - Drawdown Comparison
The maximum IGLT.L drawdown since its inception was -35.52%, 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 IGLT.L and ERNS.L. For additional features, visit the drawdowns tool.
Volatility
IGLT.L vs. ERNS.L - Volatility Comparison
iShares Core UK Gilts UCITS ETF (IGLT.L) has a higher volatility of 3.25% compared to iShares £ Ultrashort Bond UCITS ETF (ERNS.L) at 2.49%. This indicates that IGLT.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.