VPNG.L vs. ERNS.L
VPNG.L (Global X Data Center REITs & Digital Infrastructure UCITS ETF USD Accumulating) and ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) are both exchange-traded funds - VPNG.L is a Technology Equities fund tracking the Solactive Data Center REITs & Digital Infrastructure v2 Index, while ERNS.L is a Ultrashort Bond fund tracking the Markit iBoxx GBP Liquid Investment Grade Ultrashort Index. Both are passively managed. Over the past 3 years, VPNG.L returned 27.01%/yr vs 5.01%/yr for ERNS.L. At a 0.05 correlation, their price movements are largely independent. VPNG.L charges 0.50%/yr vs 0.09%/yr for ERNS.L.
Performance
VPNG.L vs. ERNS.L - Performance Comparison
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Returns By Period
In the year-to-date period, VPNG.L achieves a 35.66% return, which is significantly higher than ERNS.L's 1.98% return.
VPNG.L
- 1D
- 0.00%
- 1M
- -9.71%
- 6M
- 23.38%
- YTD
- 35.66%
- 1Y
- 52.20%
- 3Y*
- 27.01%
- 5Y*
- —
- 10Y*
- —
ERNS.L
- 1D
- 0.04%
- 1M
- 0.27%
- 6M
- 1.99%
- YTD
- 1.98%
- 1Y
- 4.24%
- 3Y*
- 5.01%
- 5Y*
- 3.71%
- 10Y*
- 2.22%
VPNG.L vs. ERNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VPNG.L Global X Data Center REITs & Digital Infrastructure UCITS ETF USD Accumulating | 35.66% | 20.65% | 15.20% | 11.28% | -22.01% | 1.90% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 1.98% | 4.84% | 5.55% | 4.76% | 1.53% | -0.14% |
Correlation
The correlation between VPNG.L and ERNS.L is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2021 | 0.05 |
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Return for Risk
VPNG.L vs. ERNS.L — Risk / Return Rank
VPNG.L
ERNS.L
VPNG.L vs. ERNS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Data Center REITs & Digital Infrastructure UCITS ETF USD Accumulating (VPNG.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.
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.
| VPNG.L | ERNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.16 | ||
| Sortino ratioReturn per unit of downside risk | -6.97 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 2.40 | -1.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 19.43 | -15.74 |
| Martin ratioReturn relative to average drawdown | 10.68 | 108.42 | -97.74 |
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Drawdowns
VPNG.L vs. ERNS.L - Drawdown Comparison
The maximum VPNG.L drawdown since its inception was -26.74%, 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 VPNG.L and ERNS.L.
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Drawdown Indicators
| VPNG.L | ERNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.74% | -1.51% | -25.23% |
Max Drawdown (1Y)Largest decline over 1 year | -14.22% | -0.22% | -14.00% |
Max Drawdown (3Y)Largest decline over 3 years | -26.74% | -0.22% | -26.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -1.51% | — |
Current DrawdownCurrent decline from peak | -12.37% | -0.03% | -12.34% |
Average DrawdownAverage peak-to-trough decline | -11.39% | -0.05% | -11.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 0.04% | +4.86% |
Volatility
VPNG.L vs. ERNS.L - Volatility Comparison
Global X Data Center REITs & Digital Infrastructure UCITS ETF USD Accumulating (VPNG.L) has a higher volatility of 7.87% compared to iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) at 0.19%. This indicates that VPNG.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
| VPNG.L | ERNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.87% | 0.19% | +7.68% |
Volatility (6M)Calculated over the trailing 6-month period | 16.39% | 0.65% | +15.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.06% | 0.79% | +23.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.01% | 0.82% | +20.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.01% | 0.92% | +20.09% |
VPNG.L vs. ERNS.L - Expense Ratio Comparison
VPNG.L has a 0.50% expense ratio, which is higher than ERNS.L's 0.09% expense ratio.
Dividends
VPNG.L vs. ERNS.L - Dividend Comparison
VPNG.L has not paid dividends to shareholders, while ERNS.L's dividend yield for the trailing twelve months is around 4.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 4.28% | 4.65% | 5.42% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% |
VPNG.L Global X Data Center REITs & Digital Infrastructure 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
VPNG.L and ERNS.L have a correlation of 0.01, 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 0.50% for VPNG.L.
VPNG.L is categorized as Technology Equities, while ERNS.L is Ultrashort Bond. VPNG.L tracks Solactive Data Center REITs & Digital Infrastructure v2 Index, while ERNS.L tracks Markit iBoxx GBP Liquid Investment Grade Ultrashort Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for VPNG.L and 0.09% for ERNS.L.
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