VDST.L vs. ERNS.L
VDST.L (Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating) and ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) are both exchange-traded funds - VDST.L is a Government Bonds fund tracking the Bloomberg Short Treasury Index, while ERNS.L is a Ultrashort Bond fund actively managed by iShares. VDST.L is passively managed, while ERNS.L is actively managed. Over the past 5 years, VDST.L returned 3.36%/yr vs 2.53%/yr for ERNS.L. At a 0.08 correlation, their price movements are largely independent. VDST.L charges 0.05%/yr vs 0.09%/yr for ERNS.L.
Performance
VDST.L vs. ERNS.L - Performance Comparison
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Different Trading Currencies
VDST.L 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, VDST.L achieves a 1.46% return, which is significantly higher than ERNS.L's 1.34% return.
VDST.L
- 1D
- 0.04%
- 1M
- 0.31%
- YTD
- 1.46%
- 6M
- 1.75%
- 1Y
- 3.95%
- 3Y*
- 4.71%
- 5Y*
- 3.36%
- 10Y*
- —
ERNS.L
- 1D
- 0.11%
- 1M
- -0.49%
- YTD
- 1.34%
- 6M
- 2.76%
- 1Y
- 3.45%
- 3Y*
- 7.82%
- 5Y*
- 2.53%
- 10Y*
- 1.46%
VDST.L vs. ERNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VDST.L Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating | 1.46% | 4.26% | 5.24% | 4.98% | 0.95% | 0.01% | 0.03% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 1.34% | 12.76% | 3.78% | 10.28% | -9.32% | -0.78% | 6.71% |
Correlation
The correlation between VDST.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 | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2020 | 0.08 |
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Return for Risk
VDST.L vs. ERNS.L — Risk / Return Rank
VDST.L
ERNS.L
VDST.L vs. ERNS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating (VDST.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.
| VDST.L | ERNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.80 | ||
| Sortino ratioReturn per unit of downside risk | +21.39 | ||
| Omega ratioGain probability vs. loss probability | 4.88 | 1.09 | +3.79 |
| Calmar ratioReturn relative to maximum drawdown | 36.06 | 0.83 | +35.23 |
| Martin ratioReturn relative to average drawdown | 244.57 | 1.86 | +242.71 |
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
| VDST.L | ERNS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 9.31 | 0.51 | +8.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 8.05 | 0.29 | +7.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 7.83 | 0.06 | +7.77 |
Drawdowns
VDST.L vs. ERNS.L - Drawdown Comparison
The maximum VDST.L drawdown since its inception was -0.36%, smaller than the maximum ERNS.L drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for VDST.L and ERNS.L.
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Drawdown Indicators
| VDST.L | ERNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.36% | -34.17% | +33.81% |
Max Drawdown (1Y)Largest decline over 1 year | -0.11% | -4.13% | +4.02% |
Max Drawdown (3Y)Largest decline over 3 years | -0.15% | -7.89% | +7.74% |
Max Drawdown (5Y)Largest decline over 5 years | -0.36% | -24.43% | +24.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.90% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.54% | +1.54% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -16.12% | +16.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 1.85% | -1.83% |
Volatility
VDST.L vs. ERNS.L - Volatility Comparison
The current volatility for Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating (VDST.L) is 0.12%, while iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) has a volatility of 1.95%. This indicates that VDST.L experiences smaller price fluctuations and is considered to be less risky 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
| VDST.L | ERNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.12% | 1.95% | -1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 0.33% | 5.00% | -4.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.42% | 6.73% | -6.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.47% | 8.62% | -8.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.46% | 9.41% | -8.95% |
VDST.L vs. ERNS.L - Expense Ratio Comparison
VDST.L has a 0.05% expense ratio, which is lower than ERNS.L'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
VDST.L vs. ERNS.L - Dividend Comparison
VDST.L has not paid dividends to shareholders, while ERNS.L's dividend yield for the trailing twelve months is around 5.65%.
| 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% |
VDST.L Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VDST.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, VDST.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDST.L is cheaper with a 0.05% expense ratio, compared with 0.09% for ERNS.L.
VDST.L is categorized as Government Bonds, while ERNS.L is Ultrashort Bond. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.05% for VDST.L and 0.09% for ERNS.L.
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