INFR vs. ERNS.L
INFR (ClearBridge Sustainable Infrastructure ETF) and ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) are both exchange-traded funds - INFR is a Energy Equities fund tracking the RARE Global Infrastructure Index, while ERNS.L is a Ultrashort Bond fund actively managed by iShares. INFR is passively managed, while ERNS.L is actively managed. Over the past 3 years, INFR returned 5.42%/yr vs 7.23%/yr for ERNS.L. At a 0.41 correlation, their price movements are largely independent. INFR charges 0.59%/yr vs 0.09%/yr for ERNS.L.
Performance
INFR vs. ERNS.L - Performance Comparison
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Different Trading Currencies
INFR 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, INFR achieves a 1.41% return, which is significantly higher than ERNS.L's 1.21% return.
INFR
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 1.41%
- 6M
- 2.70%
- 1Y
- 7.18%
- 3Y*
- 5.42%
- 5Y*
- —
- 10Y*
- —
ERNS.L
- 1D
- -0.13%
- 1M
- 0.28%
- YTD
- 1.21%
- 6M
- 2.17%
- 1Y
- 3.06%
- 3Y*
- 7.23%
- 5Y*
- 2.56%
- 10Y*
- 1.68%
INFR vs. ERNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
INFR ClearBridge Sustainable Infrastructure ETF | 1.41% | 24.00% | -6.23% | 5.20% | -0.19% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 1.21% | 12.75% | 3.79% | 10.28% | -0.48% |
Correlation
The correlation between INFR and ERNS.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2022 | 0.41 |
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Return for Risk
INFR vs. ERNS.L — Risk / Return Rank
INFR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ERNS.L
INFR vs. ERNS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Sustainable Infrastructure ETF (INFR) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| INFR | ERNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.07 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 0.64 | +0.64 |
| Martin ratioReturn relative to average drawdown | 3.97 | 1.41 | +2.55 |
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Drawdowns
INFR vs. ERNS.L - Drawdown Comparison
The maximum INFR drawdown since its inception was -19.28%, smaller than the maximum ERNS.L drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for INFR and ERNS.L.
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Drawdown Indicators
| INFR | ERNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.28% | -34.17% | +14.89% |
Max Drawdown (1Y)Largest decline over 1 year | -6.43% | -4.13% | -2.30% |
Max Drawdown (3Y)Largest decline over 3 years | -18.55% | -7.89% | -10.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.90% | — |
Current DrawdownCurrent decline from peak | -0.70% | -1.66% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -16.08% | +11.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 1.87% | +0.17% |
Volatility
INFR vs. ERNS.L - Volatility Comparison
The current volatility for ClearBridge Sustainable Infrastructure ETF (INFR) is 0.00%, while iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) has a volatility of 1.95%. This indicates that INFR 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.
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Volatility by Period
| INFR | ERNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 1.95% | -1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 3.73% | 4.96% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.90% | 6.74% | +2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.24% | 8.62% | +5.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.24% | 9.40% | +4.84% |
INFR vs. ERNS.L - Expense Ratio Comparison
INFR has a 0.59% expense ratio, which is higher than ERNS.L's 0.09% expense ratio.
Dividends
INFR vs. ERNS.L - Dividend Comparison
INFR has not paid dividends to shareholders, while ERNS.L's dividend yield for the trailing twelve months is around 3.24%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 3.24% | 4.65% | 5.42% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% |
INFR ClearBridge Sustainable Infrastructure ETF | 2.49% | 2.52% | 2.36% | 3.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
INFR and ERNS.L have a correlation of 0.35, 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 0.59% for INFR.
INFR is categorized as Energy Equities, while ERNS.L is Ultrashort Bond. They also come from different issuers: ClearBridge and iShares. Their fees differ too: 0.59% for INFR and 0.09% for ERNS.L.
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