VTV vs. ERNU.L
VTV (Vanguard Value ETF) and ERNU.L (iShares USD Ultrashort Bond UCITS ETF) are both exchange-traded funds - VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value 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, VTV returned 12.78%/yr vs 2.72%/yr for ERNU.L. At a 0.12 correlation, their price movements are largely independent. VTV charges 0.04%/yr vs 0.09%/yr for ERNU.L.
Performance
VTV vs. ERNU.L - Performance Comparison
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Different Trading Currencies
VTV 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, VTV achieves a 14.29% return, which is significantly higher than ERNU.L's 1.54% return. Over the past 10 years, VTV has outperformed ERNU.L with an annualized return of 12.78%, while ERNU.L has yielded a comparatively lower 2.72% annualized return.
VTV
- 1D
- 0.93%
- 1M
- 3.87%
- YTD
- 14.29%
- 6M
- 13.99%
- 1Y
- 27.90%
- 3Y*
- 18.16%
- 5Y*
- 11.76%
- 10Y*
- 12.78%
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%
VTV vs. ERNU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTV Vanguard Value ETF | 14.29% | 15.27% | 15.95% | 9.32% | -2.09% | 26.53% | 2.33% | 25.66% | -5.47% | 17.15% |
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 VTV and ERNU.L is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2013 | 0.12 |
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Return for Risk
VTV vs. ERNU.L — Risk / Return Rank
VTV
ERNU.L
VTV vs. ERNU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Value ETF (VTV) 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.
| VTV | ERNU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.16 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 4.08 | +0.17 |
| Martin ratioReturn relative to average drawdown | 16.04 | 13.30 | +2.73 |
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Drawdowns
VTV vs. ERNU.L - Drawdown Comparison
The maximum VTV drawdown since its inception was -59.27%, 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 VTV and ERNU.L.
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Drawdown Indicators
| VTV | ERNU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.27% | -37.72% | -21.55% |
Max Drawdown (1Y)Largest decline over 1 year | -6.35% | -0.95% | -5.40% |
Max Drawdown (3Y)Largest decline over 3 years | -14.52% | -1.00% | -13.52% |
Max Drawdown (5Y)Largest decline over 5 years | -17.04% | -2.54% | -14.50% |
Max Drawdown (10Y)Largest decline over 10 years | -36.78% | -8.12% | -28.66% |
Current DrawdownCurrent decline from peak | 0.00% | -17.02% | +17.02% |
Average DrawdownAverage peak-to-trough decline | -7.86% | -31.23% | +23.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 0.29% | +1.39% |
Volatility
VTV vs. ERNU.L - Volatility Comparison
Vanguard Value ETF (VTV) has a higher volatility of 3.34% compared to iShares USD Ultrashort Bond UCITS ETF (ERNU.L) at 1.71%. This indicates that VTV'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
| VTV | ERNU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 1.71% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 3.74% | +4.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.38% | 4.39% | +5.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 4.82% | +9.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.68% | 5.11% | +11.57% |
VTV vs. ERNU.L - Expense Ratio Comparison
VTV has a 0.04% expense ratio, which is lower than ERNU.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
VTV vs. ERNU.L - Dividend Comparison
VTV's dividend yield for the trailing twelve months is around 1.83%, 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% |
VTV Vanguard Value ETF | 1.83% | 2.05% | 2.31% | 2.46% | 2.52% | 2.15% | 2.56% | 2.50% | 2.73% | 2.29% | 2.44% | 2.60% |
Frequently Asked Questions
VTV and ERNU.L have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VTV is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VTV is cheaper with a 0.04% expense ratio, compared with 0.09% for ERNU.L.
VTV is categorized as Large Cap Value Equities, while ERNU.L is Corporate Bonds. VTV tracks CRSP US Large Cap Value Index, while ERNU.L tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.04% for VTV and 0.09% for ERNU.L.
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