LDCU.L vs. ERND.L
LDCU.L (PIMCO US Low Duration Corporate Bond UCITS ETF Dist) and ERND.L (iShares $ Ultrashort Bond UCITS ETF USD (Dist)) are both exchange-traded funds - LDCU.L is a Corporate Bonds fund tracking the Bloomberg US Corp 1-3 Yr TR USD, while ERND.L is a Ultrashort Bond fund tracking the Markit iBoxx USD Liquid Investment Grade Ultrashort Index (USD). Both are passively managed. Over the past 10 years, LDCU.L returned 2.83%/yr vs 2.76%/yr for ERND.L. At a 0.13 correlation, their price movements are largely independent. LDCU.L charges 0.49%/yr vs 0.09%/yr for ERND.L.
Performance
LDCU.L vs. ERND.L - Performance Comparison
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Returns By Period
In the year-to-date period, LDCU.L achieves a 0.64% return, which is significantly lower than ERND.L's 2.00% return. Both investments have delivered pretty close results over the past 10 years, with LDCU.L having a 2.83% annualized return and ERND.L not far behind at 2.76%.
LDCU.L
- 1D
- -0.04%
- 1M
- 0.01%
- 6M
- 0.47%
- YTD
- 0.64%
- 1Y
- 3.59%
- 3Y*
- 5.31%
- 5Y*
- 2.33%
- 10Y*
- 2.83%
ERND.L
- 1D
- -0.02%
- 1M
- 0.30%
- 6M
- 1.83%
- YTD
- 2.00%
- 1Y
- 4.19%
- 3Y*
- 5.09%
- 5Y*
- 3.83%
- 10Y*
- 2.76%
LDCU.L vs. ERND.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LDCU.L PIMCO US Low Duration Corporate Bond UCITS ETF Dist | 0.64% | 6.55% | 5.24% | 6.22% | -5.40% | -0.40% | 4.56% | 7.02% | 1.00% | 3.32% |
ERND.L iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 2.00% | 4.84% | 5.55% | 5.09% | 2.03% | 0.00% | 1.21% | 3.03% | 2.11% | 1.48% |
Correlation
The correlation between LDCU.L and ERND.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2014 | 0.13 |
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Return for Risk
LDCU.L vs. ERND.L — Risk / Return Rank
LDCU.L
ERND.L
LDCU.L vs. ERND.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO US Low Duration Corporate Bond UCITS ETF Dist (LDCU.L) and iShares $ Ultrashort Bond UCITS ETF USD (Dist) (ERND.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.
| LDCU.L | ERND.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.01 | ||
| Sortino ratioReturn per unit of downside risk | -7.12 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 2.31 | -1.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 20.61 | -19.05 |
| Martin ratioReturn relative to average drawdown | 5.54 | 101.10 | -95.56 |
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Drawdowns
LDCU.L vs. ERND.L - Drawdown Comparison
The maximum LDCU.L drawdown since its inception was -9.42%, which is greater than ERND.L's maximum drawdown of -7.48%. Use the drawdown chart below to compare losses from any high point for LDCU.L and ERND.L.
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Drawdown Indicators
| LDCU.L | ERND.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.42% | -7.48% | -1.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.10% | -0.20% | -1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -2.10% | -0.64% | -1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -9.42% | -1.06% | -8.36% |
Max Drawdown (10Y)Largest decline over 10 years | -9.42% | -7.48% | -1.94% |
Current DrawdownCurrent decline from peak | -0.46% | -0.02% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -1.26% | -0.08% | -1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.04% | +0.55% |
Volatility
LDCU.L vs. ERND.L - Volatility Comparison
PIMCO US Low Duration Corporate Bond UCITS ETF Dist (LDCU.L) has a higher volatility of 0.52% compared to iShares $ Ultrashort Bond UCITS ETF USD (Dist) (ERND.L) at 0.21%. This indicates that LDCU.L's price experiences larger fluctuations and is considered to be riskier than ERND.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDCU.L | ERND.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 0.21% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 1.63% | 0.66% | +0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.80% | 0.79% | +2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.11% | 1.26% | +1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.69% | 2.08% | +0.61% |
LDCU.L vs. ERND.L - Expense Ratio Comparison
LDCU.L has a 0.49% expense ratio, which is higher than ERND.L's 0.09% expense ratio.
Dividends
LDCU.L vs. ERND.L - Dividend Comparison
LDCU.L's dividend yield for the trailing twelve months is around 4.56%, more than ERND.L's 4.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERND.L iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 4.31% | 4.70% | 5.54% | 5.00% | 1.57% | 0.49% | 1.55% | 2.71% | 2.19% | 1.39% | 0.99% | 0.72% |
LDCU.L PIMCO US Low Duration Corporate Bond UCITS ETF Dist | 4.56% | 4.42% | 4.40% | 3.45% | 1.93% | 1.77% | 2.17% | 2.96% | 2.75% | 2.26% | 2.37% | 2.13% |
Frequently Asked Questions
LDCU.L and ERND.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERND.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERND.L is cheaper with a 0.09% expense ratio, compared with 0.49% for LDCU.L.
LDCU.L is categorized as Corporate Bonds, while ERND.L is Ultrashort Bond. LDCU.L tracks Bloomberg US Corp 1-3 Yr TR USD, while ERND.L tracks Markit iBoxx USD Liquid Investment Grade Ultrashort Index (USD). They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.49% for LDCU.L and 0.09% for ERND.L.
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