UKDV.L vs. ERNS.L
UKDV.L (SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)) and ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) are both exchange-traded funds - UKDV.L is a Europe Equities fund tracking the FTSE AllSh TR GBP, while ERNS.L is a Ultrashort Bond fund actively managed by iShares. UKDV.L is passively managed, while ERNS.L is actively managed. Over the past 10 years, UKDV.L returned 5.20%/yr vs 2.20%/yr for ERNS.L. At a 0.08 correlation, their price movements are largely independent. UKDV.L charges 0.30%/yr vs 0.09%/yr for ERNS.L.
Performance
UKDV.L vs. ERNS.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UKDV.L achieves a 6.02% return, which is significantly higher than ERNS.L's 1.58% return. Over the past 10 years, UKDV.L has outperformed ERNS.L with an annualized return of 5.20%, while ERNS.L has yielded a comparatively lower 2.20% annualized return.
UKDV.L
- 1D
- 2.06%
- 1M
- 3.28%
- YTD
- 6.02%
- 6M
- 8.54%
- 1Y
- 16.24%
- 3Y*
- 12.50%
- 5Y*
- 7.70%
- 10Y*
- 5.20%
ERNS.L
- 1D
- 0.06%
- 1M
- 0.37%
- YTD
- 1.58%
- 6M
- 2.00%
- 1Y
- 4.44%
- 3Y*
- 5.11%
- 5Y*
- 3.62%
- 10Y*
- 2.20%
UKDV.L vs. ERNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UKDV.L SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) | 6.02% | 17.63% | 11.01% | 6.36% | -7.44% | 14.90% | -16.96% | 35.13% | -15.00% | 4.30% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 1.58% | 4.84% | 5.54% | 4.76% | 1.54% | 0.13% | 0.77% | 1.27% | 0.58% | 0.57% |
Correlation
The correlation between UKDV.L and ERNS.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2013 | 0.08 |
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
UKDV.L vs. ERNS.L — Risk / Return Rank
UKDV.L
ERNS.L
UKDV.L vs. ERNS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (UKDV.L) 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.
| UKDV.L | ERNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.10 | ||
| Sortino ratioReturn per unit of downside risk | -7.73 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 2.39 | -1.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 20.38 | -18.81 |
| Martin ratioReturn relative to average drawdown | 5.36 | 108.76 | -103.40 |
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
| UKDV.L | ERNS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 5.30 | -4.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 4.34 | -3.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 2.38 | -2.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 2.23 | -1.81 |
Drawdowns
UKDV.L vs. ERNS.L - Drawdown Comparison
The maximum UKDV.L drawdown since its inception was -38.04%, 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 UKDV.L and ERNS.L.
Loading charts...
Drawdown Indicators
| UKDV.L | ERNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.04% | -1.51% | -36.53% |
Max Drawdown (1Y)Largest decline over 1 year | -10.32% | -0.22% | -10.10% |
Max Drawdown (3Y)Largest decline over 3 years | -12.84% | -0.22% | -12.62% |
Max Drawdown (5Y)Largest decline over 5 years | -18.19% | -0.36% | -17.83% |
Max Drawdown (10Y)Largest decline over 10 years | -38.04% | -1.51% | -36.53% |
Current DrawdownCurrent decline from peak | -1.65% | 0.00% | -1.65% |
Average DrawdownAverage peak-to-trough decline | -7.05% | -0.05% | -7.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 0.04% | +2.98% |
Volatility
UKDV.L vs. ERNS.L - Volatility Comparison
SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (UKDV.L) has a higher volatility of 4.77% compared to iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) at 0.36%. This indicates that UKDV.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.
Loading charts...
Volatility by Period
| UKDV.L | ERNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 0.36% | +4.41% |
Volatility (6M)Calculated over the trailing 6-month period | 11.53% | 0.68% | +10.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.50% | 0.84% | +12.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.16% | 0.83% | +13.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.84% | 0.92% | +14.92% |
UKDV.L vs. ERNS.L - Expense Ratio Comparison
UKDV.L has a 0.30% expense ratio, which is higher than ERNS.L's 0.09% expense ratio.
Dividends
UKDV.L vs. ERNS.L - Dividend Comparison
UKDV.L's dividend yield for the trailing twelve months is around 3.96%, less than ERNS.L's 5.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 5.65% | 4.65% | 5.42% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% |
UKDV.L SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) | 3.96% | 4.23% | 4.03% | 4.21% | 5.24% | 4.25% | 3.58% | 5.99% | 5.23% | 4.32% | 5.16% | 5.49% |
Frequently Asked Questions
UKDV.L and ERNS.L have a correlation of 0.10, 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 0.30% for UKDV.L.
UKDV.L is categorized as Europe Equities, while ERNS.L is Ultrashort Bond. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for UKDV.L and 0.09% for ERNS.L.
Find the right allocation for UKDV.L and ERNS.L
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