ISPA.DE vs. ERNX.DE
ISPA.DE (iShares STOXX Global Select Dividend 100 UCITS ETF (DE)) and ERNX.DE (iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating) are both exchange-traded funds - ISPA.DE is a Global Equities fund tracking the STOXX® Global Select Dividend 100 index, while ERNX.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. Both are passively managed. Over the past 3 years, ISPA.DE returned 18.65%/yr vs 3.33%/yr for ERNX.DE. At a 0.02 correlation, their price movements are largely independent. ISPA.DE charges 0.46%/yr vs 0.09%/yr for ERNX.DE.
Performance
ISPA.DE vs. ERNX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ISPA.DE achieves a 13.48% return, which is significantly higher than ERNX.DE's 0.87% return.
ISPA.DE
- 1D
- 0.49%
- 1M
- 2.52%
- YTD
- 13.48%
- 6M
- 15.47%
- 1Y
- 29.54%
- 3Y*
- 18.65%
- 5Y*
- 11.00%
- 10Y*
- 8.98%
ERNX.DE
- 1D
- 0.04%
- 1M
- 0.26%
- YTD
- 0.87%
- 6M
- 0.99%
- 1Y
- 2.18%
- 3Y*
- 3.33%
- 5Y*
- —
- 10Y*
- —
ISPA.DE vs. ERNX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 13.48% | 19.72% | 12.97% | 4.80% | -3.58% |
ERNX.DE iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating | 0.87% | 2.69% | 4.04% | 3.34% | 0.10% |
Correlation
The correlation between ISPA.DE and ERNX.DE is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since May 2, 2022 | 0.02 |
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Return for Risk
ISPA.DE vs. ERNX.DE — Risk / Return Rank
ISPA.DE
ERNX.DE
ISPA.DE vs. ERNX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.DE) and iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE). 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.
| ISPA.DE | ERNX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.67 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 8.10 | 10.99 | -2.89 |
| Martin ratioReturn relative to average drawdown | 28.73 | 54.93 | -26.20 |
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
| ISPA.DE | ERNX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.35 | 2.94 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 3.90 | -3.22 |
Drawdowns
ISPA.DE vs. ERNX.DE - Drawdown Comparison
The maximum ISPA.DE drawdown since its inception was -38.91%, which is greater than ERNX.DE's maximum drawdown of -0.83%. Use the drawdown chart below to compare losses from any high point for ISPA.DE and ERNX.DE.
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Drawdown Indicators
| ISPA.DE | ERNX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.91% | -0.83% | -38.08% |
Max Drawdown (1Y)Largest decline over 1 year | -3.63% | -0.20% | -3.43% |
Max Drawdown (3Y)Largest decline over 3 years | -15.10% | -0.20% | -14.90% |
Max Drawdown (5Y)Largest decline over 5 years | -15.10% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.91% | — | — |
Current DrawdownCurrent decline from peak | -1.09% | -0.00% | -1.09% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -0.09% | -4.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.04% | +0.99% |
Volatility
ISPA.DE vs. ERNX.DE - Volatility Comparison
iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.DE) has a higher volatility of 2.62% compared to iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) at 0.17%. This indicates that ISPA.DE's price experiences larger fluctuations and is considered to be riskier than ERNX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISPA.DE | ERNX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 0.17% | +2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 6.51% | 0.56% | +5.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.77% | 0.74% | +8.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.00% | 0.68% | +11.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.79% | 0.68% | +14.11% |
ISPA.DE vs. ERNX.DE - Expense Ratio Comparison
ISPA.DE has a 0.46% expense ratio, which is higher than ERNX.DE's 0.09% expense ratio.
Dividends
ISPA.DE vs. ERNX.DE - Dividend Comparison
ISPA.DE's dividend yield for the trailing twelve months is around 3.75%, while ERNX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERNX.DE iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 3.75% | 4.52% | 4.89% | 5.91% | 6.92% | 3.32% | 4.04% | 4.02% | 3.37% | 5.66% | 3.64% | 4.35% |
Frequently Asked Questions
ISPA.DE and ERNX.DE have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERNX.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERNX.DE is cheaper with a 0.09% expense ratio, compared with 0.46% for ISPA.DE.
ISPA.DE is categorized as Global Equities, while ERNX.DE is Ultrashort Bond. ISPA.DE tracks STOXX® Global Select Dividend 100 index, while ERNX.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. Their fees differ too: 0.46% for ISPA.DE and 0.09% for ERNX.DE.
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