VOC vs. ERNS.L
Compare and contrast key facts about VOC Energy Trust (VOC) and iShares £ Ultrashort Bond UCITS ETF (ERNS.L).
ERNS.L is a passively managed fund by iShares that tracks the performance of the Markit iBoxx GBP Liquid Investment Grade Ultrashort Index. It was launched on Nov 16, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VOC or ERNS.L.
Key characteristics
| VOC | ERNS.L | |
|---|---|---|
| YTD Return | -23.77% | 4.65% |
| 1Y Return | -29.64% | 5.57% |
| 3Y Return (Ann) | 12.48% | 3.61% |
| 5Y Return (Ann) | 12.69% | 2.38% |
| 10Y Return (Ann) | 5.48% | 1.57% |
| Sharpe Ratio | -0.84 | 8.04 |
| Sortino Ratio | -1.09 | 16.45 |
| Omega Ratio | 0.87 | 3.46 |
| Calmar Ratio | -0.50 | 47.45 |
| Martin Ratio | -1.03 | 212.84 |
| Ulcer Index | 28.05% | 0.03% |
| Daily Std Dev | 34.66% | 0.69% |
| Max Drawdown | -87.00% | -1.51% |
| Current Drawdown | -53.73% | 0.00% |
Correlation
The correlation between VOC and ERNS.L is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VOC vs. ERNS.L - Performance Comparison
In the year-to-date period, VOC achieves a -23.77% return, which is significantly lower than ERNS.L's 4.65% return. Over the past 10 years, VOC has outperformed ERNS.L with an annualized return of 5.48%, while ERNS.L has yielded a comparatively lower 1.57% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
VOC vs. ERNS.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VOC Energy Trust (VOC) and iShares £ Ultrashort Bond UCITS ETF (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.
Dividends
VOC vs. ERNS.L - Dividend Comparison
VOC's dividend yield for the trailing twelve months is around 15.05%, more than ERNS.L's 5.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOC VOC Energy Trust | 15.05% | 12.43% | 12.30% | 10.87% | 10.14% | 15.01% | 19.67% | 8.36% | 8.96% | 19.11% | 34.64% | 11.55% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF | 5.25% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% | 0.55% | 0.06% |
Drawdowns
VOC vs. ERNS.L - Drawdown Comparison
The maximum VOC drawdown since its inception was -87.00%, 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 VOC and ERNS.L. For additional features, visit the drawdowns tool.
Volatility
VOC vs. ERNS.L - Volatility Comparison
VOC Energy Trust (VOC) has a higher volatility of 12.20% compared to iShares £ Ultrashort Bond UCITS ETF (ERNS.L) at 2.30%. This indicates that VOC'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.