SXR8.DE vs. ERNX.DE
SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) and ERNX.DE (iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating) are both exchange-traded funds - SXR8.DE is a S&P 500 fund tracking the S&P 500 Index, while ERNX.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. Both are passively managed. Over the past 3 years, SXR8.DE returned 18.87%/yr vs 3.33%/yr for ERNX.DE. At a correlation of -0.03, they often move in opposite directions. SXR8.DE charges 0.07%/yr vs 0.09%/yr for ERNX.DE.
Performance
SXR8.DE vs. ERNX.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SXR8.DE achieves a 11.37% return, which is significantly higher than ERNX.DE's 0.87% return.
SXR8.DE
- 1D
- -0.15%
- 1M
- 4.36%
- YTD
- 11.37%
- 6M
- 10.83%
- 1Y
- 25.54%
- 3Y*
- 18.87%
- 5Y*
- 14.77%
- 10Y*
- 14.95%
ERNX.DE
- 1D
- 0.04%
- 1M
- 0.28%
- YTD
- 0.87%
- 6M
- 0.97%
- 1Y
- 2.18%
- 3Y*
- 3.33%
- 5Y*
- —
- 10Y*
- —
SXR8.DE vs. ERNX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 11.37% | 4.73% | 32.32% | 22.47% | -9.78% |
ERNX.DE iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating | 0.87% | 2.69% | 4.04% | 3.34% | 0.10% |
Correlation
The correlation between SXR8.DE and ERNX.DE is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since May 2, 2022 | -0.03 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SXR8.DE vs. ERNX.DE — Risk / Return Rank
SXR8.DE
ERNX.DE
SXR8.DE vs. ERNX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.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.
| SXR8.DE | ERNX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.67 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 10.99 | -7.41 |
| Martin ratioReturn relative to average drawdown | 12.71 | 54.93 | -42.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SXR8.DE | ERNX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 2.94 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 3.90 | -3.11 |
Drawdowns
SXR8.DE vs. ERNX.DE - Drawdown Comparison
The maximum SXR8.DE drawdown since its inception was -33.78%, 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 SXR8.DE and ERNX.DE.
Loading charts...
Drawdown Indicators
| SXR8.DE | ERNX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.78% | -0.83% | -32.95% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -0.20% | -6.93% |
Max Drawdown (3Y)Largest decline over 3 years | -23.32% | -0.20% | -23.12% |
Max Drawdown (5Y)Largest decline over 5 years | -23.32% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.78% | — | — |
Current DrawdownCurrent decline from peak | -0.45% | -0.00% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -5.17% | -0.09% | -5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 0.04% | +1.97% |
Volatility
SXR8.DE vs. ERNX.DE - Volatility Comparison
iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) has a higher volatility of 2.65% compared to iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) at 0.17%. This indicates that SXR8.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.
Loading charts...
Volatility by Period
| SXR8.DE | ERNX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 0.17% | +2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 0.56% | +7.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.56% | 0.74% | +10.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.16% | 0.68% | +14.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 0.68% | +15.41% |
SXR8.DE vs. ERNX.DE - Expense Ratio Comparison
SXR8.DE has a 0.07% expense ratio, which is lower than ERNX.DE's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SXR8.DE vs. ERNX.DE - Dividend Comparison
Neither SXR8.DE nor ERNX.DE has paid dividends to shareholders.
Frequently Asked Questions
SXR8.DE and ERNX.DE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR8.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR8.DE is cheaper with a 0.07% expense ratio, compared with 0.09% for ERNX.DE.
SXR8.DE is categorized as S&P 500, while ERNX.DE is Ultrashort Bond. SXR8.DE tracks S&P 500 Index, while ERNX.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. Their fees differ too: 0.07% for SXR8.DE and 0.09% for ERNX.DE.
Find the right allocation for SXR8.DE and ERNX.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer