SUSA vs. ERNS.L
SUSA (iShares MSCI USA ESG Select ETF) and ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) are both exchange-traded funds - SUSA is a Large Cap Growth Equities fund tracking the MSCI USA ESG Select Index, while ERNS.L is a Ultrashort Bond fund actively managed by iShares. SUSA is passively managed, while ERNS.L is actively managed. Over the past 10 years, SUSA returned 15.02%/yr vs 1.68%/yr for ERNS.L. At a 0.23 correlation, their price movements are largely independent. SUSA charges 0.25%/yr vs 0.09%/yr for ERNS.L.
Performance
SUSA vs. ERNS.L - Performance Comparison
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Different Trading Currencies
SUSA 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, SUSA achieves a 9.38% return, which is significantly higher than ERNS.L's 1.21% return. Over the past 10 years, SUSA has outperformed ERNS.L with an annualized return of 15.02%, while ERNS.L has yielded a comparatively lower 1.68% annualized return.
SUSA
- 1D
- 0.53%
- 1M
- 0.44%
- YTD
- 9.38%
- 6M
- 9.38%
- 1Y
- 25.21%
- 3Y*
- 19.45%
- 5Y*
- 11.37%
- 10Y*
- 15.02%
ERNS.L
- 1D
- -0.13%
- 1M
- 0.28%
- YTD
- 1.21%
- 6M
- 2.17%
- 1Y
- 3.06%
- 3Y*
- 7.23%
- 5Y*
- 2.56%
- 10Y*
- 1.68%
SUSA vs. ERNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SUSA iShares MSCI USA ESG Select ETF | 9.38% | 15.72% | 22.43% | 23.88% | -21.38% | 30.45% | 24.66% | 32.10% | -5.67% | 22.52% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 1.21% | 12.75% | 3.79% | 10.28% | -9.32% | -0.77% | 3.86% | 5.34% | -5.11% | 10.14% |
Correlation
The correlation between SUSA and ERNS.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2013 | 0.23 |
The correlation between SUSA and ERNS.L shifts across timeframes, from 0.23 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SUSA vs. ERNS.L — Risk / Return Rank
SUSA
ERNS.L
SUSA vs. ERNS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA ESG Select ETF (SUSA) 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.
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.
| SUSA | ERNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.07 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 0.64 | +1.78 |
| Martin ratioReturn relative to average drawdown | 10.46 | 1.41 | +9.04 |
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Drawdowns
SUSA vs. ERNS.L - Drawdown Comparison
The maximum SUSA drawdown since its inception was -53.93%, which is greater than ERNS.L's maximum drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for SUSA and ERNS.L.
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Drawdown Indicators
| SUSA | ERNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.93% | -34.17% | -19.76% |
Max Drawdown (1Y)Largest decline over 1 year | -9.71% | -4.13% | -5.58% |
Max Drawdown (3Y)Largest decline over 3 years | -19.30% | -7.89% | -11.41% |
Max Drawdown (5Y)Largest decline over 5 years | -28.23% | -23.81% | -4.42% |
Max Drawdown (10Y)Largest decline over 10 years | -32.93% | -24.90% | -8.03% |
Current DrawdownCurrent decline from peak | -2.42% | -1.66% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -16.08% | +8.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 1.87% | +0.38% |
Volatility
SUSA vs. ERNS.L - Volatility Comparison
iShares MSCI USA ESG Select ETF (SUSA) has a higher volatility of 4.67% compared to iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) at 1.95%. This indicates that SUSA'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.
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Volatility by Period
| SUSA | ERNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 1.95% | +2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.22% | 4.96% | +5.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.85% | 6.74% | +6.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 8.62% | +8.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.18% | 9.40% | +8.78% |
SUSA vs. ERNS.L - Expense Ratio Comparison
SUSA has a 0.25% 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
SUSA vs. ERNS.L - Dividend Comparison
SUSA's dividend yield for the trailing twelve months is around 0.84%, less than ERNS.L's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 3.24% | 4.65% | 5.42% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% |
SUSA iShares MSCI USA ESG Select ETF | 0.84% | 0.89% | 1.15% | 1.32% | 1.52% | 0.98% | 1.17% | 1.52% | 1.72% | 1.40% | 1.56% | 1.42% |
Frequently Asked Questions
SUSA and ERNS.L have a correlation of 0.41, 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 0.25% for SUSA.
SUSA is categorized as Large Cap Growth Equities, while ERNS.L is Ultrashort Bond. Their fees differ too: 0.25% for SUSA and 0.09% for ERNS.L.
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