LQDE.L vs. ERNU.L
Compare and contrast key facts about iShares $ Corp Bond UCITS ETF USD Distributing (LQDE.L) and iShares USD Ultrashort Bond UCITS ETF (ERNU.L).
LQDE.L and ERNU.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LQDE.L is a passively managed fund by iShares that tracks the performance of the Morningstar US Corporate Bond TR USD. It was launched on Mar 15, 2003. ERNU.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 Oct 15, 2013. Both LQDE.L and ERNU.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
LQDE.L vs. ERNU.L - Performance Comparison
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LQDE.L vs. ERNU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LQDE.L iShares $ Corp Bond UCITS ETF USD Distributing | -0.93% | 8.09% | 1.06% | 9.14% | -17.80% | -2.04% | 10.98% | 17.87% | -3.94% | 6.81% |
ERNU.L iShares USD Ultrashort Bond UCITS ETF | 0.76% | 4.91% | 5.60% | 4.92% | 1.32% | 0.60% | 0.83% | 3.85% | 1.88% | 1.18% |
Different Trading Currencies
LQDE.L is traded in USD, while ERNU.L is traded in GBP. To make them comparable, the ERNU.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, LQDE.L achieves a -0.93% return, which is significantly lower than ERNU.L's 0.76% return. Both investments have delivered pretty close results over the past 10 years, with LQDE.L having a 2.60% annualized return and ERNU.L not far ahead at 2.64%.
LQDE.L
- 1D
- 0.55%
- 1M
- -1.27%
- YTD
- -0.93%
- 6M
- -0.15%
- 1Y
- 4.47%
- 3Y*
- 4.38%
- 5Y*
- 0.09%
- 10Y*
- 2.60%
ERNU.L
- 1D
- -0.16%
- 1M
- -0.19%
- YTD
- 0.76%
- 6M
- 1.76%
- 1Y
- 4.20%
- 3Y*
- 5.29%
- 5Y*
- 3.58%
- 10Y*
- 2.64%
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LQDE.L vs. ERNU.L - Expense Ratio Comparison
LQDE.L has a 0.20% expense ratio, which is higher than ERNU.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
LQDE.L vs. ERNU.L — Risk / Return Rank
LQDE.L
ERNU.L
LQDE.L vs. ERNU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Corp Bond UCITS ETF USD Distributing (LQDE.L) and iShares USD Ultrashort Bond UCITS ETF (ERNU.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.
| LQDE.L | ERNU.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 1.02 | -0.38 |
Sortino ratioReturn per unit of downside risk | 0.90 | 1.57 | -0.68 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.18 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.97 | 4.10 | -3.13 |
Martin ratioReturn relative to average drawdown | 3.65 | 13.71 | -10.06 |
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
| LQDE.L | ERNU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 1.02 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.76 | -0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.52 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.45 | -0.05 |
Correlation
The correlation between LQDE.L and ERNU.L is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
LQDE.L vs. ERNU.L - Dividend Comparison
LQDE.L's dividend yield for the trailing twelve months is around 5.00%, less than ERNU.L's 5.69% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDE.L iShares $ Corp Bond UCITS ETF USD Distributing | 5.00% | 4.89% | 5.02% | 4.58% | 3.74% | 2.68% | 2.77% | 3.42% | 3.69% | 3.25% | 3.40% | 3.36% |
ERNU.L iShares USD Ultrashort Bond UCITS ETF | 5.69% | 4.68% | 5.45% | 5.00% | 1.55% | 0.48% | 1.65% | 2.77% | 2.17% | 1.43% | 0.93% | 0.70% |
Drawdowns
LQDE.L vs. ERNU.L - Drawdown Comparison
The maximum LQDE.L drawdown since its inception was -32.12%, which is greater than ERNU.L's maximum drawdown of -8.13%. Use the drawdown chart below to compare losses from any high point for LQDE.L and ERNU.L.
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Drawdown Indicators
| LQDE.L | ERNU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.12% | -14.92% | -17.20% |
Max Drawdown (1Y)Largest decline over 1 year | -4.72% | -6.01% | +1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | -14.92% | -10.19% |
Max Drawdown (10Y)Largest decline over 10 years | -25.38% | -14.92% | -10.46% |
Current DrawdownCurrent decline from peak | -4.89% | -3.97% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -5.82% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 3.18% | -1.93% |
Volatility
LQDE.L vs. ERNU.L - Volatility Comparison
iShares $ Corp Bond UCITS ETF USD Distributing (LQDE.L) has a higher volatility of 2.31% compared to iShares USD Ultrashort Bond UCITS ETF (ERNU.L) at 1.66%. This indicates that LQDE.L's price experiences larger fluctuations and is considered to be riskier than ERNU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDE.L | ERNU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | 1.66% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 3.02% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.98% | 4.09% | +2.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.40% | 4.71% | +3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.64% | 5.08% | +3.56% |