VUSA.L vs. ERNS.L
VUSA.L (Vanguard S&P 500 UCITS ETF) and ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) are both exchange-traded funds - VUSA.L is a S&P 500 fund tracking the S&P 500 Index, while ERNS.L is a Ultrashort Bond fund actively managed by iShares. VUSA.L is passively managed, while ERNS.L is actively managed. Over the past 10 years, VUSA.L returned 15.51%/yr vs 2.21%/yr for ERNS.L. At a 0.05 correlation, their price movements are largely independent. VUSA.L charges 0.07%/yr vs 0.09%/yr for ERNS.L.
Performance
VUSA.L vs. ERNS.L - Performance Comparison
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Returns By Period
In the year-to-date period, VUSA.L achieves a 9.53% return, which is significantly higher than ERNS.L's 1.81% return. Over the past 10 years, VUSA.L has outperformed ERNS.L with an annualized return of 15.51%, while ERNS.L has yielded a comparatively lower 2.21% annualized return.
VUSA.L
- 1D
- -0.96%
- 1M
- -0.07%
- YTD
- 9.53%
- 6M
- 9.70%
- 1Y
- 26.03%
- 3Y*
- 19.11%
- 5Y*
- 13.99%
- 10Y*
- 15.51%
ERNS.L
- 1D
- 0.01%
- 1M
- 0.36%
- YTD
- 1.81%
- 6M
- 1.88%
- 1Y
- 4.34%
- 3Y*
- 5.10%
- 5Y*
- 3.67%
- 10Y*
- 2.21%
VUSA.L vs. ERNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VUSA.L Vanguard S&P 500 UCITS ETF | 9.53% | 9.39% | 27.33% | 19.82% | -9.02% | 30.97% | 13.65% | 26.53% | -0.10% | 10.72% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 1.81% | 4.84% | 5.55% | 4.76% | 1.53% | 0.14% | 0.77% | 1.28% | 0.58% | 0.57% |
Correlation
The correlation between VUSA.L and ERNS.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2013 | 0.05 |
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Return for Risk
VUSA.L vs. ERNS.L — Risk / Return Rank
VUSA.L
ERNS.L
VUSA.L vs. ERNS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 UCITS ETF (VUSA.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.
| VUSA.L | ERNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.00 | ||
| Sortino ratioReturn per unit of downside risk | -6.79 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 2.40 | -0.96 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 19.90 | -16.25 |
| Martin ratioReturn relative to average drawdown | 13.19 | 111.51 | -98.33 |
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Drawdowns
VUSA.L vs. ERNS.L - Drawdown Comparison
The maximum VUSA.L drawdown since its inception was -25.48%, 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 VUSA.L and ERNS.L.
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Drawdown Indicators
| VUSA.L | ERNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.48% | -1.51% | -23.97% |
Max Drawdown (1Y)Largest decline over 1 year | -7.10% | -0.22% | -6.88% |
Max Drawdown (3Y)Largest decline over 3 years | -20.93% | -0.22% | -20.71% |
Max Drawdown (5Y)Largest decline over 5 years | -20.93% | -0.36% | -20.57% |
Max Drawdown (10Y)Largest decline over 10 years | -25.48% | -1.51% | -23.97% |
Current DrawdownCurrent decline from peak | -1.49% | 0.00% | -1.49% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -0.05% | -3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 0.04% | +1.93% |
Volatility
VUSA.L vs. ERNS.L - Volatility Comparison
Vanguard S&P 500 UCITS ETF (VUSA.L) has a higher volatility of 3.54% compared to iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) at 0.17%. This indicates that VUSA.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
| VUSA.L | ERNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 0.17% | +3.37% |
Volatility (6M)Calculated over the trailing 6-month period | 7.69% | 0.67% | +7.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.97% | 0.81% | +10.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.36% | 0.82% | +13.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.55% | 0.92% | +14.63% |
VUSA.L vs. ERNS.L - Expense Ratio Comparison
VUSA.L has a 0.07% 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
VUSA.L vs. ERNS.L - Dividend Comparison
VUSA.L's dividend yield for the trailing twelve months is around 0.89%, less than ERNS.L's 4.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 4.29% | 4.65% | 5.42% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% |
VUSA.L Vanguard S&P 500 UCITS ETF | 0.89% | 0.95% | 1.00% | 1.24% | 1.41% | 1.04% | 1.44% | 1.50% | 1.72% | 1.61% | 1.58% | 1.74% |
Frequently Asked Questions
VUSA.L and ERNS.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUSA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUSA.L is cheaper with a 0.07% expense ratio, compared with 0.09% for ERNS.L.
VUSA.L is categorized as S&P 500, while ERNS.L is Ultrashort Bond. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for VUSA.L and 0.09% for ERNS.L.
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