NKE.DE vs. ERNX.DE
NKE.DE (Nike Inc) is a stock, while ERNX.DE (iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating) is Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. Over the past 3 years, NKE.DE returned -26.40%/yr vs 3.33%/yr for ERNX.DE. At a 0.06 correlation, their price movements are largely independent.
Performance
NKE.DE vs. ERNX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, NKE.DE achieves a -27.40% return, which is significantly lower than ERNX.DE's 0.87% return.
NKE.DE
- 1D
- -0.09%
- 1M
- 2.51%
- YTD
- -27.40%
- 6M
- -32.72%
- 1Y
- -30.32%
- 3Y*
- -26.40%
- 5Y*
- -18.13%
- 10Y*
- —
ERNX.DE
- 1D
- 0.04%
- 1M
- 0.26%
- YTD
- 0.87%
- 6M
- 0.99%
- 1Y
- 2.18%
- 3Y*
- 3.33%
- 5Y*
- —
- 10Y*
- —
NKE.DE vs. ERNX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NKE.DE Nike Inc | -27.40% | -26.59% | -25.28% | -8.81% | -8.55% |
ERNX.DE iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating | 0.87% | 2.69% | 4.04% | 3.34% | 0.10% |
Correlation
The correlation between NKE.DE and ERNX.DE is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since May 2, 2022 | 0.06 |
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Return for Risk
NKE.DE vs. ERNX.DE — Risk / Return Rank
NKE.DE
ERNX.DE
NKE.DE vs. ERNX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nike Inc (NKE.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.
| NKE.DE | ERNX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.75 | ||
| Sortino ratioReturn per unit of downside risk | -6.10 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.67 | -0.81 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 10.99 | -11.64 |
| Martin ratioReturn relative to average drawdown | -1.27 | 54.93 | -56.20 |
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
| NKE.DE | ERNX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.81 | 2.94 | -3.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.29 | 3.90 | -4.19 |
Drawdowns
NKE.DE vs. ERNX.DE - Drawdown Comparison
The maximum NKE.DE drawdown since its inception was -75.61%, 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 NKE.DE and ERNX.DE.
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Drawdown Indicators
| NKE.DE | ERNX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.61% | -0.83% | -74.78% |
Max Drawdown (1Y)Largest decline over 1 year | -46.73% | -0.20% | -46.53% |
Max Drawdown (3Y)Largest decline over 3 years | -66.57% | -0.20% | -66.37% |
Max Drawdown (5Y)Largest decline over 5 years | -75.61% | — | — |
Current DrawdownCurrent decline from peak | -74.39% | -0.00% | -74.39% |
Average DrawdownAverage peak-to-trough decline | -32.02% | -0.09% | -31.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.86% | 0.04% | +23.82% |
Volatility
NKE.DE vs. ERNX.DE - Volatility Comparison
Nike Inc (NKE.DE) has a higher volatility of 9.46% compared to iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) at 0.17%. This indicates that NKE.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
| NKE.DE | ERNX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.46% | 0.17% | +9.29% |
Volatility (6M)Calculated over the trailing 6-month period | 27.40% | 0.56% | +26.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.15% | 0.74% | +36.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.99% | 0.68% | +32.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.89% | 0.68% | +33.21% |
Dividends
NKE.DE vs. ERNX.DE - Dividend Comparison
NKE.DE's dividend yield for the trailing twelve months is around 3.22%, while ERNX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
NKE.DE Nike Inc | 3.22% | 2.36% | 1.66% | 1.13% | 0.94% | 0.55% | 0.65% | 0.21% |
Frequently Asked Questions
NKE.DE and ERNX.DE have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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