IUCB.L vs. ERNA.L
Compare and contrast key facts about SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF (IUCB.L) and iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.L).
IUCB.L and ERNA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IUCB.L is a passively managed fund by State Street that tracks the performance of the Bloomberg US Corp Bond TR USD. It was launched on Feb 17, 2016. ERNA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Corp 1-3 Yr TR USD. It was launched on Jun 29, 2018. Both IUCB.L and ERNA.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.
Performance
IUCB.L vs. ERNA.L - Performance Comparison
Loading graphics...
IUCB.L vs. ERNA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IUCB.L SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF | -0.14% | 7.84% | 4.54% | 7.17% | -9.26% | -1.61% | 7.94% | 8.74% | -0.57% |
ERNA.L iShares USD Ultrashort Bond UCITS ETF USD (Acc) | 0.82% | 4.75% | 5.66% | 5.50% | 1.46% | 0.11% | 1.27% | 3.19% | 1.09% |
Returns By Period
In the year-to-date period, IUCB.L achieves a -0.14% return, which is significantly lower than ERNA.L's 0.82% return.
IUCB.L
- 1D
- 0.37%
- 1M
- -0.70%
- YTD
- -0.14%
- 6M
- 1.13%
- 1Y
- 5.48%
- 3Y*
- 5.60%
- 5Y*
- 2.02%
- 10Y*
- —
ERNA.L
- 1D
- -0.06%
- 1M
- 0.24%
- YTD
- 0.82%
- 6M
- 1.95%
- 1Y
- 4.33%
- 3Y*
- 5.23%
- 5Y*
- 3.63%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IUCB.L vs. ERNA.L - Expense Ratio Comparison
IUCB.L has a 0.12% expense ratio, which is higher than ERNA.L's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
IUCB.L vs. ERNA.L — Risk / Return Rank
IUCB.L
ERNA.L
IUCB.L vs. ERNA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF (IUCB.L) and iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.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.
| IUCB.L | ERNA.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 4.63 | -3.30 |
Sortino ratioReturn per unit of downside risk | 1.87 | 7.59 | -5.72 |
Omega ratioGain probability vs. loss probability | 1.25 | 2.29 | -1.04 |
Calmar ratioReturn relative to maximum drawdown | 2.12 | 11.44 | -9.32 |
Martin ratioReturn relative to average drawdown | 8.88 | 81.05 | -72.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| IUCB.L | ERNA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 4.63 | -3.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 4.04 | -3.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 1.40 | -0.93 |
Correlation
The correlation between IUCB.L and ERNA.L is 0.12, 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.
Dividends
IUCB.L vs. ERNA.L - Dividend Comparison
IUCB.L's dividend yield for the trailing twelve months is around 4.69%, while ERNA.L has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IUCB.L SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF | 4.69% | 4.66% | 4.70% | 3.89% | 2.62% | 2.37% | 2.67% |
ERNA.L iShares USD Ultrashort Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IUCB.L vs. ERNA.L - Drawdown Comparison
The maximum IUCB.L drawdown since its inception was -14.12%, which is greater than ERNA.L's maximum drawdown of -8.63%. Use the drawdown chart below to compare losses from any high point for IUCB.L and ERNA.L.
Loading graphics...
Drawdown Indicators
| IUCB.L | ERNA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.12% | -8.63% | -5.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -0.38% | -2.38% |
Max Drawdown (5Y)Largest decline over 5 years | -14.00% | -0.81% | -13.19% |
Current DrawdownCurrent decline from peak | -1.17% | -0.06% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -0.10% | -3.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.05% | +0.61% |
Volatility
IUCB.L vs. ERNA.L - Volatility Comparison
SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF (IUCB.L) has a higher volatility of 1.38% compared to iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.L) at 0.50%. This indicates that IUCB.L's price experiences larger fluctuations and is considered to be riskier than ERNA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| IUCB.L | ERNA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 0.50% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 0.63% | +1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 0.93% | +3.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.32% | 0.90% | +4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.77% | 2.18% | +5.59% |