VTHRX vs. ERNS.L
VTHRX (Vanguard Target Retirement 2030 Fund) and ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) are both funds - VTHRX is a Target Retirement Date fund managed by Vanguard, while ERNS.L is a Ultrashort Bond fund actively managed by iShares. Over the past 10 years, VTHRX returned 8.89%/yr vs 1.68%/yr for ERNS.L. At a 0.32 correlation, their price movements are largely independent. VTHRX charges 0.08%/yr vs 0.09%/yr for ERNS.L.
Performance
VTHRX vs. ERNS.L - Performance Comparison
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Different Trading Currencies
VTHRX is traded in USD, while ERNS.L is traded in GBP. To make them comparable, the ERNS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VTHRX achieves a 6.52% return, which is significantly higher than ERNS.L's 1.21% return. Over the past 10 years, VTHRX has outperformed ERNS.L with an annualized return of 8.89%, while ERNS.L has yielded a comparatively lower 1.68% annualized return.
VTHRX
- 1D
- 1.60%
- 1M
- -0.02%
- YTD
- 6.52%
- 6M
- 7.17%
- 1Y
- 17.56%
- 3Y*
- 13.65%
- 5Y*
- 6.55%
- 10Y*
- 8.89%
ERNS.L
- 1D
- -0.13%
- 1M
- 0.28%
- YTD
- 1.21%
- 6M
- 2.17%
- 1Y
- 3.06%
- 3Y*
- 7.23%
- 5Y*
- 2.56%
- 10Y*
- 1.68%
VTHRX vs. ERNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTHRX Vanguard Target Retirement 2030 Fund | 6.52% | 16.25% | 10.43% | 16.24% | -16.28% | 11.37% | 14.11% | 21.08% | -5.85% | 15.24% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 1.21% | 12.75% | 3.79% | 10.28% | -9.32% | -0.77% | 3.86% | 5.34% | -5.11% | 10.14% |
Correlation
The correlation between VTHRX and ERNS.L is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2013 | 0.32 |
Over the past year, VTHRX and ERNS.L have become more correlated (0.53) than their long-term average of 0.32, meaning their price movements have been converging.
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Return for Risk
VTHRX vs. ERNS.L — Risk / Return Rank
VTHRX
ERNS.L
VTHRX vs. ERNS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2030 Fund (VTHRX) 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.
| VTHRX | ERNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.07 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 0.64 | +1.96 |
| Martin ratioReturn relative to average drawdown | 11.15 | 1.41 | +9.74 |
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Drawdowns
VTHRX vs. ERNS.L - Drawdown Comparison
The maximum VTHRX drawdown since its inception was -49.57%, which is greater than ERNS.L's maximum drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for VTHRX and ERNS.L.
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Drawdown Indicators
| VTHRX | ERNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.57% | -34.17% | -15.40% |
Max Drawdown (1Y)Largest decline over 1 year | -6.56% | -4.13% | -2.43% |
Max Drawdown (3Y)Largest decline over 3 years | -9.64% | -7.89% | -1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -22.75% | -23.81% | +1.06% |
Max Drawdown (10Y)Largest decline over 10 years | -24.86% | -24.90% | +0.04% |
Current DrawdownCurrent decline from peak | -1.42% | -1.66% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -6.18% | -16.08% | +9.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 1.87% | -0.34% |
Volatility
VTHRX vs. ERNS.L - Volatility Comparison
Vanguard Target Retirement 2030 Fund (VTHRX) has a higher volatility of 3.52% compared to iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) at 1.95%. This indicates that VTHRX'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
| VTHRX | ERNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 1.95% | +1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 7.09% | 4.96% | +2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.53% | 6.74% | +1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.43% | 8.62% | +1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.28% | 9.40% | +1.88% |
VTHRX vs. ERNS.L - Expense Ratio Comparison
VTHRX has a 0.08% expense ratio, which is lower than ERNS.L's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VTHRX vs. ERNS.L - Dividend Comparison
VTHRX's dividend yield for the trailing twelve months is around 3.78%, more than ERNS.L's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 3.24% | 4.65% | 5.42% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% |
VTHRX Vanguard Target Retirement 2030 Fund | 3.78% | 4.03% | 3.63% | 2.59% | 2.53% | 17.56% | 2.56% | 2.38% | 2.71% | 0.06% | 2.38% | 3.72% |
Frequently Asked Questions
VTHRX and ERNS.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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