VGT vs. ERNU.L
VGT (Vanguard Information Technology ETF) and ERNU.L (iShares USD Ultrashort Bond UCITS ETF) are both exchange-traded funds - VGT is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index, while ERNU.L is a Corporate Bonds fund tracking the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 10 years, VGT returned 25.19%/yr vs 2.72%/yr for ERNU.L. At a 0.11 correlation, their price movements are largely independent. Both charge a 0.09% expense ratio.
Performance
VGT vs. ERNU.L - Performance Comparison
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Different Trading Currencies
VGT is traded in USD, while ERNU.L is traded in GBP. To make them comparable, the ERNU.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VGT achieves a 24.03% return, which is significantly higher than ERNU.L's 1.54% return. Over the past 10 years, VGT has outperformed ERNU.L with an annualized return of 25.19%, while ERNU.L has yielded a comparatively lower 2.72% annualized return.
VGT
- 1D
- 0.58%
- 1M
- 1.35%
- YTD
- 24.03%
- 6M
- 24.13%
- 1Y
- 50.48%
- 3Y*
- 29.84%
- 5Y*
- 20.35%
- 10Y*
- 25.19%
ERNU.L
- 1D
- -0.76%
- 1M
- 0.11%
- YTD
- 1.54%
- 6M
- 1.64%
- 1Y
- 3.89%
- 3Y*
- 5.07%
- 5Y*
- 3.72%
- 10Y*
- 2.72%
VGT vs. ERNU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGT Vanguard Information Technology ETF | 24.03% | 21.77% | 29.30% | 52.66% | -29.70% | 30.45% | 46.04% | 48.62% | 2.46% | 37.08% |
ERNU.L iShares USD Ultrashort Bond UCITS ETF | 1.54% | 4.92% | 5.60% | 4.92% | 1.31% | 0.61% | 0.84% | 3.84% | 1.87% | 1.20% |
Correlation
The correlation between VGT and ERNU.L is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2013 | 0.11 |
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Return for Risk
VGT vs. ERNU.L — Risk / Return Rank
VGT
ERNU.L
VGT vs. ERNU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Information Technology ETF (VGT) and iShares USD Ultrashort Bond UCITS ETF (ERNU.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VGT | ERNU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.16 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 4.08 | -1.14 |
| Martin ratioReturn relative to average drawdown | 9.11 | 13.30 | -4.20 |
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Drawdowns
VGT vs. ERNU.L - Drawdown Comparison
The maximum VGT drawdown since its inception was -54.63%, which is greater than ERNU.L's maximum drawdown of -37.72%. Use the drawdown chart below to compare losses from any high point for VGT and ERNU.L.
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Drawdown Indicators
| VGT | ERNU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.63% | -37.72% | -16.91% |
Max Drawdown (1Y)Largest decline over 1 year | -16.40% | -0.95% | -15.45% |
Max Drawdown (3Y)Largest decline over 3 years | -27.23% | -1.00% | -26.23% |
Max Drawdown (5Y)Largest decline over 5 years | -35.07% | -2.54% | -32.53% |
Max Drawdown (10Y)Largest decline over 10 years | -35.07% | -8.12% | -26.95% |
Current DrawdownCurrent decline from peak | -7.18% | -17.02% | +9.84% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -31.23% | +23.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.28% | 0.29% | +4.99% |
Volatility
VGT vs. ERNU.L - Volatility Comparison
Vanguard Information Technology ETF (VGT) has a higher volatility of 10.00% compared to iShares USD Ultrashort Bond UCITS ETF (ERNU.L) at 1.71%. This indicates that VGT's price experiences larger fluctuations and is considered to be riskier than ERNU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGT | ERNU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.00% | 1.71% | +8.29% |
Volatility (6M)Calculated over the trailing 6-month period | 18.00% | 3.74% | +14.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.00% | 4.39% | +17.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.40% | 4.82% | +20.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.72% | 5.11% | +19.61% |
VGT vs. ERNU.L - Expense Ratio Comparison
Both VGT and ERNU.L have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VGT vs. ERNU.L - Dividend Comparison
VGT's dividend yield for the trailing twelve months is around 0.33%, less than ERNU.L's 3.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERNU.L iShares USD Ultrashort Bond UCITS ETF | 3.29% | 4.68% | 5.46% | 4.99% | 1.56% | 0.48% | 1.65% | 2.77% | 2.17% | 1.43% | 0.93% | 0.70% |
VGT Vanguard Information Technology ETF | 0.33% | 0.40% | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% |
Frequently Asked Questions
VGT and ERNU.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VGT and ERNU.L have the same expense ratio: 0.09% per year.
VGT is categorized as Technology Equities, while ERNU.L is Corporate Bonds. VGT tracks MSCI USA IMI Information Technology 25/50 Index, while ERNU.L tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: Vanguard and iShares.
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