IUHC.L vs. ERNS.L
IUHC.L (iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)) and ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) are both exchange-traded funds - IUHC.L is a Health & Biotech Equities fund tracking the S&P 500 Capped 35/20 Health Care Index, while ERNS.L is a Ultrashort Bond fund actively managed by iShares. IUHC.L is passively managed, while ERNS.L is actively managed. Over the past 10 years, IUHC.L returned 9.20%/yr vs 1.46%/yr for ERNS.L. At a 0.15 correlation, their price movements are largely independent. IUHC.L charges 0.15%/yr vs 0.09%/yr for ERNS.L.
Performance
IUHC.L vs. ERNS.L - Performance Comparison
Loading charts...
Different Trading Currencies
IUHC.L 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, IUHC.L achieves a -2.09% return, which is significantly lower than ERNS.L's 1.34% return. Over the past 10 years, IUHC.L has outperformed ERNS.L with an annualized return of 9.20%, while ERNS.L has yielded a comparatively lower 1.46% annualized return.
IUHC.L
- 1D
- 3.00%
- 1M
- 4.72%
- YTD
- -2.09%
- 6M
- -0.45%
- 1Y
- 15.03%
- 3Y*
- 6.58%
- 5Y*
- 5.75%
- 10Y*
- 9.20%
ERNS.L
- 1D
- 0.11%
- 1M
- -0.49%
- YTD
- 1.34%
- 6M
- 2.76%
- 1Y
- 3.45%
- 3Y*
- 7.82%
- 5Y*
- 2.53%
- 10Y*
- 1.46%
IUHC.L vs. ERNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUHC.L iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) | -2.09% | 14.67% | 2.16% | 1.72% | -2.63% | 27.58% | 11.93% | 20.60% | 4.44% | 22.21% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 1.34% | 12.76% | 3.78% | 10.28% | -9.32% | -0.78% | 3.86% | 5.33% | -5.11% | 10.14% |
Correlation
The correlation between IUHC.L and ERNS.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2015 | 0.15 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IUHC.L vs. ERNS.L — Risk / Return Rank
IUHC.L
ERNS.L
IUHC.L vs. ERNS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IUHC.L) 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.
| IUHC.L | ERNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.09 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 0.83 | +0.60 |
| Martin ratioReturn relative to average drawdown | 3.57 | 1.86 | +1.71 |
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 charts...
Sharpe Ratios by Period
| IUHC.L | ERNS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.51 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.29 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.15 | +0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.06 | +0.51 |
Drawdowns
IUHC.L vs. ERNS.L - Drawdown Comparison
The maximum IUHC.L drawdown since its inception was -27.44%, smaller than the maximum ERNS.L drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for IUHC.L and ERNS.L.
Loading charts...
Drawdown Indicators
| IUHC.L | ERNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.44% | -34.17% | +6.73% |
Max Drawdown (1Y)Largest decline over 1 year | -10.44% | -4.13% | -6.31% |
Max Drawdown (3Y)Largest decline over 3 years | -17.63% | -7.89% | -9.74% |
Max Drawdown (5Y)Largest decline over 5 years | -17.63% | -24.43% | +6.80% |
Max Drawdown (10Y)Largest decline over 10 years | -27.44% | -24.90% | -2.54% |
Current DrawdownCurrent decline from peak | -4.57% | -1.54% | -3.03% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -16.12% | +11.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.20% | 1.85% | +2.35% |
Volatility
IUHC.L vs. ERNS.L - Volatility Comparison
iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) (IUHC.L) has a higher volatility of 4.89% compared to iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) at 1.95%. This indicates that IUHC.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.
Loading charts...
Volatility by Period
| IUHC.L | ERNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 1.95% | +2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 10.81% | 5.00% | +5.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.00% | 6.73% | +8.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.82% | 8.62% | +6.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.71% | 9.41% | +6.30% |
IUHC.L vs. ERNS.L - Expense Ratio Comparison
IUHC.L has a 0.15% expense ratio, which is higher than ERNS.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%.
Dividends
IUHC.L vs. ERNS.L - Dividend Comparison
IUHC.L has not paid dividends to shareholders, while ERNS.L's dividend yield for the trailing twelve months is around 5.65%.
| 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% |
IUHC.L iShares S&P 500 Health Care Sector UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IUHC.L and ERNS.L have a correlation of 0.15, 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 0.15% for IUHC.L.
IUHC.L is categorized as Health & Biotech Equities, while ERNS.L is Ultrashort Bond. Their fees differ too: 0.15% for IUHC.L and 0.09% for ERNS.L.
Find the right allocation for IUHC.L and ERNS.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer