VUSC.DE vs. ERNS.L
VUSC.DE (Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing) and ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) are both exchange-traded funds - VUSC.DE is a Corporate Bonds fund tracking the Bloomberg US Corp 1-3 Yr TR USD, while ERNS.L is a Ultrashort Bond fund actively managed by iShares. VUSC.DE is passively managed, while ERNS.L is actively managed. Over the past 5 years, VUSC.DE returned 3.26%/yr vs 3.49%/yr for ERNS.L. At a 0.17 correlation, their price movements are largely independent. Both charge a 0.09% expense ratio.
Performance
VUSC.DE vs. ERNS.L - Performance Comparison
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Different Trading Currencies
VUSC.DE is traded in EUR, while ERNS.L is traded in GBP. To make them comparable, the ERNS.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VUSC.DE achieves a 1.87% return, which is significantly lower than ERNS.L's 2.49% return.
VUSC.DE
- 1D
- 0.01%
- 1M
- 0.93%
- YTD
- 1.87%
- 6M
- 1.35%
- 1Y
- 1.90%
- 3Y*
- 2.04%
- 5Y*
- 3.26%
- 10Y*
- —
ERNS.L
- 1D
- -0.03%
- 1M
- 0.18%
- YTD
- 2.49%
- 6M
- 3.03%
- 1Y
- 1.71%
- 3Y*
- 4.95%
- 5Y*
- 3.49%
- 10Y*
- 1.23%
VUSC.DE vs. ERNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VUSC.DE Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing | 1.87% | -6.35% | 11.06% | 1.80% | 2.07% | 7.98% | -5.89% | 5.78% | 2.05% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 2.49% | -0.62% | 10.63% | 6.98% | -3.70% | 6.65% | -4.70% | 7.71% | -2.30% |
Correlation
The correlation between VUSC.DE and ERNS.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since May 25, 2018 | 0.17 |
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Return for Risk
VUSC.DE vs. ERNS.L — Risk / Return Rank
VUSC.DE
ERNS.L
VUSC.DE vs. ERNS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing (VUSC.DE) 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.
| VUSC.DE | ERNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.07 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 0.59 | -0.03 |
| Martin ratioReturn relative to average drawdown | 1.30 | 1.22 | +0.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VUSC.DE | ERNS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 0.41 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.63 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.23 | +0.12 |
Drawdowns
VUSC.DE vs. ERNS.L - Drawdown Comparison
The maximum VUSC.DE drawdown since its inception was -11.44%, smaller than the maximum ERNS.L drawdown of -23.79%. Use the drawdown chart below to compare losses from any high point for VUSC.DE and ERNS.L.
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Drawdown Indicators
| VUSC.DE | ERNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.44% | -23.79% | +12.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.36% | -2.87% | -0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -10.76% | -4.64% | -6.12% |
Max Drawdown (5Y)Largest decline over 5 years | -11.44% | -7.70% | -3.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.32% | — |
Current DrawdownCurrent decline from peak | -6.70% | -0.12% | -6.58% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -11.61% | +7.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 1.41% | +0.05% |
Volatility
VUSC.DE vs. ERNS.L - Volatility Comparison
The current volatility for Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing (VUSC.DE) is 1.04%, while iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) has a volatility of 1.18%. This indicates that VUSC.DE experiences smaller price fluctuations and is considered to be less risky 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
| VUSC.DE | ERNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 1.18% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.65% | 2.72% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.48% | 4.17% | +1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.03% | 5.51% | +1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.66% | 7.14% | -0.48% |
VUSC.DE vs. ERNS.L - Expense Ratio Comparison
Both VUSC.DE and ERNS.L have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VUSC.DE vs. ERNS.L - Dividend Comparison
VUSC.DE's dividend yield for the trailing twelve months is around 3.94%, less than ERNS.L's 5.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 5.65% | 4.65% | 5.42% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% |
VUSC.DE Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing | 3.94% | 4.49% | 4.42% | 4.11% | 1.92% | 0.85% | 1.90% | 0.92% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VUSC.DE and ERNS.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VUSC.DE and ERNS.L have the same expense ratio: 0.09% per year.
VUSC.DE is categorized as Corporate Bonds, while ERNS.L is Ultrashort Bond. They also come from different issuers: Vanguard and iShares.
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