TI5G.L vs. ERNS.L
Compare and contrast key facts about iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) (TI5G.L) and iShares £ Ultrashort Bond UCITS ETF (ERNS.L).
TI5G.L and ERNS.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TI5G.L is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury Inflation Linked Bond Index 0-5. It was launched on Mar 5, 2018. ERNS.L is a passively managed fund by iShares that tracks the performance of the Markit iBoxx GBP Liquid Investment Grade Ultrashort Index. It was launched on Nov 16, 2013. Both TI5G.L and ERNS.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TI5G.L or ERNS.L.
Key characteristics
| TI5G.L | ERNS.L | |
|---|---|---|
| YTD Return | 4.22% | 4.69% |
| 1Y Return | 5.57% | 5.54% |
| 3Y Return (Ann) | 1.28% | 3.64% |
| 5Y Return (Ann) | 2.75% | 2.39% |
| Sharpe Ratio | 2.29 | 8.48 |
| Sortino Ratio | 3.73 | 18.20 |
| Omega Ratio | 1.50 | 3.70 |
| Calmar Ratio | 2.06 | 49.71 |
| Martin Ratio | 18.98 | 226.66 |
| Ulcer Index | 0.30% | 0.02% |
| Daily Std Dev | 2.52% | 0.68% |
| Max Drawdown | -5.63% | -1.51% |
| Current Drawdown | -0.64% | 0.00% |
Correlation
The correlation between TI5G.L and ERNS.L is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TI5G.L vs. ERNS.L - Performance Comparison
In the year-to-date period, TI5G.L achieves a 4.22% return, which is significantly lower than ERNS.L's 4.69% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TI5G.L vs. ERNS.L - Expense Ratio Comparison
TI5G.L has a 0.12% 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%.
Risk-Adjusted Performance
TI5G.L vs. ERNS.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) (TI5G.L) and iShares £ Ultrashort Bond UCITS ETF (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.
Dividends
TI5G.L vs. ERNS.L - Dividend Comparison
TI5G.L's dividend yield for the trailing twelve months is around 7.70%, more than ERNS.L's 5.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TI5G.L iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) | 7.70% | 5.19% | 31.51% | 34.35% | 3.06% | 3.28% | 70.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF | 5.25% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% | 0.55% | 0.06% |
Drawdowns
TI5G.L vs. ERNS.L - Drawdown Comparison
The maximum TI5G.L drawdown since its inception was -5.63%, which is greater than ERNS.L's maximum drawdown of -1.51%. Use the drawdown chart below to compare losses from any high point for TI5G.L and ERNS.L. For additional features, visit the drawdowns tool.
Volatility
TI5G.L vs. ERNS.L - Volatility Comparison
iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) (TI5G.L) has a higher volatility of 2.73% compared to iShares £ Ultrashort Bond UCITS ETF (ERNS.L) at 2.48%. This indicates that TI5G.L'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.