VERX.L vs. ERNS.L
VERX.L (Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing) and ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) are both exchange-traded funds - VERX.L is a Europe Equities fund tracking the MSCI Europe Ex UK NR EUR, while ERNS.L is a Ultrashort Bond fund actively managed by iShares. VERX.L is passively managed, while ERNS.L is actively managed. Over the past 10 years, VERX.L returned 10.76%/yr vs 2.20%/yr for ERNS.L. At a 0.07 correlation, their price movements are largely independent. VERX.L charges 0.10%/yr vs 0.09%/yr for ERNS.L.
Performance
VERX.L vs. ERNS.L - Performance Comparison
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Returns By Period
In the year-to-date period, VERX.L achieves a 6.84% return, which is significantly higher than ERNS.L's 1.58% return. Over the past 10 years, VERX.L has outperformed ERNS.L with an annualized return of 10.76%, while ERNS.L has yielded a comparatively lower 2.20% annualized return.
VERX.L
- 1D
- 0.91%
- 1M
- 4.05%
- YTD
- 6.84%
- 6M
- 9.25%
- 1Y
- 19.19%
- 3Y*
- 13.86%
- 5Y*
- 9.51%
- 10Y*
- 10.76%
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%
VERX.L vs. ERNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VERX.L Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing | 6.84% | 26.34% | 2.68% | 15.20% | -7.06% | 16.14% | 8.53% | 20.48% | -9.68% | 16.53% |
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 VERX.L and ERNS.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2014 | 0.07 |
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Return for Risk
VERX.L vs. ERNS.L — Risk / Return Rank
VERX.L
ERNS.L
VERX.L vs. ERNS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing (VERX.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.
| VERX.L | ERNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.84 | ||
| Sortino ratioReturn per unit of downside risk | -7.38 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 2.39 | -1.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 20.38 | -18.68 |
| Martin ratioReturn relative to average drawdown | 6.07 | 108.76 | -102.69 |
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
| VERX.L | ERNS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 5.30 | -3.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 4.34 | -3.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 2.38 | -1.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 2.23 | -1.61 |
Drawdowns
VERX.L vs. ERNS.L - Drawdown Comparison
The maximum VERX.L drawdown since its inception was -27.64%, 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 VERX.L and ERNS.L.
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Drawdown Indicators
| VERX.L | ERNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.64% | -1.51% | -26.13% |
Max Drawdown (1Y)Largest decline over 1 year | -11.26% | -0.22% | -11.04% |
Max Drawdown (3Y)Largest decline over 3 years | -13.27% | -0.22% | -13.05% |
Max Drawdown (5Y)Largest decline over 5 years | -20.31% | -0.36% | -19.95% |
Max Drawdown (10Y)Largest decline over 10 years | -27.64% | -1.51% | -26.13% |
Current DrawdownCurrent decline from peak | -0.55% | 0.00% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -0.05% | -4.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 0.04% | +3.11% |
Volatility
VERX.L vs. ERNS.L - Volatility Comparison
Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing (VERX.L) has a higher volatility of 4.13% compared to iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) at 0.36%. This indicates that VERX.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.
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Volatility by Period
| VERX.L | ERNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 0.36% | +3.77% |
Volatility (6M)Calculated over the trailing 6-month period | 10.83% | 0.68% | +10.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.09% | 0.84% | +12.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.79% | 0.83% | +13.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.57% | 0.92% | +14.65% |
VERX.L vs. ERNS.L - Expense Ratio Comparison
VERX.L has a 0.10% 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
VERX.L vs. ERNS.L - Dividend Comparison
VERX.L's dividend yield for the trailing twelve months is around 2.46%, 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% |
VERX.L Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing | 2.46% | 2.62% | 2.94% | 2.72% | 2.92% | 2.33% | 1.97% | 2.95% | 3.14% | 2.68% | 2.64% | 2.56% |
Frequently Asked Questions
VERX.L and ERNS.L have a correlation of 0.11, 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 0.10% for VERX.L.
VERX.L is categorized as Europe Equities, while ERNS.L is Ultrashort Bond. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VERX.L and 0.09% for ERNS.L.
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