QDVQ.DE vs. ERNA.L
QDVQ.DE (iShares Fallen Angels High Yield Corporate Bond UCITS ETF) and ERNA.L (iShares USD Ultrashort Bond UCITS ETF USD (Acc)) are both exchange-traded funds - QDVQ.DE is a High Yield Bonds fund tracking the Bloomberg Global Corporate ex EM Fallen Angels 3% Capped, while ERNA.L is a Corporate Bonds fund tracking the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 5 years, QDVQ.DE returned 3.51%/yr vs 4.73%/yr for ERNA.L. At a 0.44 correlation, their price movements are largely independent. QDVQ.DE charges 0.50%/yr vs 0.09%/yr for ERNA.L.
Performance
QDVQ.DE vs. ERNA.L - Performance Comparison
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Different Trading Currencies
QDVQ.DE is traded in EUR, while ERNA.L is traded in USD. To make them comparable, the ERNA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, QDVQ.DE achieves a 2.23% return, which is significantly lower than ERNA.L's 2.79% return.
QDVQ.DE
- 1D
- 0.06%
- 1M
- 1.02%
- YTD
- 2.23%
- 6M
- 1.76%
- 1Y
- 5.75%
- 3Y*
- 5.48%
- 5Y*
- 3.51%
- 10Y*
- —
ERNA.L
- 1D
- -0.03%
- 1M
- 1.02%
- YTD
- 2.79%
- 6M
- 2.23%
- 1Y
- 2.61%
- 3Y*
- 2.41%
- 5Y*
- 4.73%
- 10Y*
- —
QDVQ.DE vs. ERNA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QDVQ.DE iShares Fallen Angels High Yield Corporate Bond UCITS ETF | 2.23% | 0.11% | 8.76% | 8.83% | -9.03% | 10.74% | 7.49% | 18.50% | -1.32% |
ERNA.L iShares USD Ultrashort Bond UCITS ETF USD (Acc) | 2.81% | -7.68% | 12.63% | 2.33% | 7.74% | 7.60% | -7.07% | 5.52% | 2.79% |
Correlation
The correlation between QDVQ.DE and ERNA.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2018 | 0.44 |
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Return for Risk
QDVQ.DE vs. ERNA.L — Risk / Return Rank
QDVQ.DE
ERNA.L
QDVQ.DE vs. ERNA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Fallen Angels High Yield Corporate Bond UCITS ETF (QDVQ.DE) 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.
| QDVQ.DE | ERNA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.08 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 0.70 | +1.24 |
| Martin ratioReturn relative to average drawdown | 6.98 | 1.61 | +5.37 |
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
| QDVQ.DE | ERNA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 0.42 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.62 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.43 | +0.22 |
Drawdowns
QDVQ.DE vs. ERNA.L - Drawdown Comparison
The maximum QDVQ.DE drawdown since its inception was -22.94%, which is greater than ERNA.L's maximum drawdown of -11.70%. Use the drawdown chart below to compare losses from any high point for QDVQ.DE and ERNA.L.
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Drawdown Indicators
| QDVQ.DE | ERNA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.94% | -11.70% | -11.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -3.72% | +0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -9.27% | -11.33% | +2.06% |
Max Drawdown (5Y)Largest decline over 5 years | -11.15% | -11.37% | +0.22% |
Current DrawdownCurrent decline from peak | -0.24% | -6.26% | +6.02% |
Average DrawdownAverage peak-to-trough decline | -2.84% | -4.84% | +2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 1.58% | -0.77% |
Volatility
QDVQ.DE vs. ERNA.L - Volatility Comparison
The current volatility for iShares Fallen Angels High Yield Corporate Bond UCITS ETF (QDVQ.DE) is 1.21%, while iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.L) has a volatility of 1.33%. This indicates that QDVQ.DE experiences smaller price fluctuations and is considered to be less risky than ERNA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDVQ.DE | ERNA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.33% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.53% | 4.19% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.87% | 6.15% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.40% | 7.57% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.33% | 7.33% | +1.00% |
QDVQ.DE vs. ERNA.L - Expense Ratio Comparison
QDVQ.DE has a 0.50% expense ratio, which is higher than ERNA.L's 0.09% expense ratio.
Dividends
QDVQ.DE vs. ERNA.L - Dividend Comparison
QDVQ.DE's dividend yield for the trailing twelve months is around 7.11%, while ERNA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ERNA.L iShares USD Ultrashort Bond 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% |
QDVQ.DE iShares Fallen Angels High Yield Corporate Bond UCITS ETF | 7.11% | 5.73% | 5.78% | 5.26% | 4.47% | 3.82% | 4.44% | 4.56% | 4.96% | 4.65% | 2.13% |
Frequently Asked Questions
QDVQ.DE and ERNA.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERNA.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERNA.L is cheaper with a 0.09% expense ratio, compared with 0.50% for QDVQ.DE.
QDVQ.DE is categorized as High Yield Bonds, while ERNA.L is Corporate Bonds. QDVQ.DE tracks Bloomberg Global Corporate ex EM Fallen Angels 3% Capped, while ERNA.L tracks Bloomberg US Corp 1-3 Yr TR USD. Their fees differ too: 0.50% for QDVQ.DE and 0.09% for ERNA.L.
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