VFEG.L vs. ERNS.L
VFEG.L (Vanguard FTSE Emerging Markets UCITS ETF Acc) and ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) are both exchange-traded funds - VFEG.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while ERNS.L is a Ultrashort Bond fund actively managed by iShares. VFEG.L is passively managed, while ERNS.L is actively managed. Over the past 5 years, VFEG.L returned 6.12%/yr vs 3.62%/yr for ERNS.L. At a 0.06 correlation, their price movements are largely independent. VFEG.L charges 0.22%/yr vs 0.09%/yr for ERNS.L.
Performance
VFEG.L vs. ERNS.L - Performance Comparison
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Returns By Period
In the year-to-date period, VFEG.L achieves a 11.73% return, which is significantly higher than ERNS.L's 1.58% return.
VFEG.L
- 1D
- -0.21%
- 1M
- 2.54%
- YTD
- 11.73%
- 6M
- 12.29%
- 1Y
- 30.60%
- 3Y*
- 15.18%
- 5Y*
- 6.12%
- 10Y*
- —
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%
VFEG.L vs. ERNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VFEG.L Vanguard FTSE Emerging Markets UCITS ETF Acc | 11.73% | 17.15% | 14.13% | 1.28% | -7.26% | -0.01% | 11.28% | 4.51% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 1.58% | 4.84% | 5.54% | 4.76% | 1.54% | 0.13% | 0.77% | 0.28% |
Correlation
The correlation between VFEG.L and ERNS.L is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019 | 0.06 |
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Return for Risk
VFEG.L vs. ERNS.L — Risk / Return Rank
VFEG.L
ERNS.L
VFEG.L vs. ERNS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEG.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.
| VFEG.L | ERNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.09 | ||
| Sortino ratioReturn per unit of downside risk | -6.51 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 2.39 | -1.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 20.38 | -16.99 |
| Martin ratioReturn relative to average drawdown | 11.12 | 108.76 | -97.64 |
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
| VFEG.L | ERNS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 5.30 | -3.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 4.34 | -3.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 2.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 2.23 | -1.80 |
Drawdowns
VFEG.L vs. ERNS.L - Drawdown Comparison
The maximum VFEG.L drawdown since its inception was -25.35%, 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 VFEG.L and ERNS.L.
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Drawdown Indicators
| VFEG.L | ERNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.35% | -1.51% | -23.84% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -0.22% | -8.77% |
Max Drawdown (3Y)Largest decline over 3 years | -14.61% | -0.22% | -14.39% |
Max Drawdown (5Y)Largest decline over 5 years | -19.47% | -0.36% | -19.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -1.51% | — |
Current DrawdownCurrent decline from peak | -1.40% | 0.00% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -8.82% | -0.05% | -8.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 0.04% | +2.71% |
Volatility
VFEG.L vs. ERNS.L - Volatility Comparison
Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEG.L) has a higher volatility of 5.09% compared to iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) at 0.36%. This indicates that VFEG.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
| VFEG.L | ERNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 0.36% | +4.73% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 0.68% | +10.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 0.84% | +12.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 0.83% | +14.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.44% | 0.92% | +16.52% |
VFEG.L vs. ERNS.L - Expense Ratio Comparison
VFEG.L has a 0.22% 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
VFEG.L vs. ERNS.L - Dividend Comparison
VFEG.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% |
VFEG.L Vanguard FTSE Emerging Markets UCITS ETF Acc | 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
VFEG.L and ERNS.L have a correlation of -0.03, 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 0.22% for VFEG.L.
VFEG.L is categorized as Emerging Markets Equities, while ERNS.L is Ultrashort Bond. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.22% for VFEG.L and 0.09% for ERNS.L.
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