WQDS.L vs. ERNS.L
WQDS.L (iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)) and ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) are both exchange-traded funds - WQDS.L is a Global Equities fund tracking the MSCI World High Dividend Yield ESG Reduced Carbon Target Select Index, while ERNS.L is a Ultrashort Bond fund actively managed by iShares. WQDS.L is passively managed, while ERNS.L is actively managed. Over the past 5 years, WQDS.L returned 13.76%/yr vs 3.62%/yr for ERNS.L. At a 0.08 correlation, their price movements are largely independent. WQDS.L charges 0.38%/yr vs 0.09%/yr for ERNS.L.
Performance
WQDS.L vs. ERNS.L - Performance Comparison
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Different Trading Currencies
WQDS.L is traded in GBp, while ERNS.L is traded in GBP. To make them comparable, the ERNS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, WQDS.L achieves a 15.10% return, which is significantly higher than ERNS.L's 1.58% return.
WQDS.L
- 1D
- 0.14%
- 1M
- 5.99%
- YTD
- 15.10%
- 6M
- 15.33%
- 1Y
- 33.02%
- 3Y*
- 17.21%
- 5Y*
- 13.76%
- 10Y*
- —
ERNS.L
- 1D
- 0.06%
- 1M
- 0.45%
- YTD
- 1.58%
- 6M
- 1.96%
- 1Y
- 4.41%
- 3Y*
- 5.11%
- 5Y*
- 3.62%
- 10Y*
- 2.20%
WQDS.L vs. ERNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WQDS.L iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) | 15.10% | 16.53% | 12.46% | 11.62% | 4.66% | 18.72% | -2.56% | 19.86% | -1.40% | 2.29% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 1.58% | 4.84% | 5.54% | 4.76% | 1.54% | 0.13% | 0.77% | 1.27% | 0.58% | 0.25% |
Correlation
The correlation between WQDS.L 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 | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017 | 0.08 |
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Return for Risk
WQDS.L vs. ERNS.L — Risk / Return Rank
WQDS.L
ERNS.L
WQDS.L vs. ERNS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDS.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.
| WQDS.L | ERNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -4.92 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 2.39 | -0.80 |
| Calmar ratioReturn relative to maximum drawdown | 4.90 | 20.38 | -15.48 |
| Martin ratioReturn relative to average drawdown | 18.20 | 108.76 | -90.56 |
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
| WQDS.L | ERNS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.19 | 5.30 | -2.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.19 | 4.34 | -3.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 2.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 2.23 | -1.43 |
Drawdowns
WQDS.L vs. ERNS.L - Drawdown Comparison
The maximum WQDS.L drawdown since its inception was -24.24%, 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 WQDS.L and ERNS.L.
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Drawdown Indicators
| WQDS.L | ERNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.24% | -1.51% | -22.73% |
Max Drawdown (1Y)Largest decline over 1 year | -6.75% | -0.22% | -6.53% |
Max Drawdown (3Y)Largest decline over 3 years | -14.93% | -0.22% | -14.71% |
Max Drawdown (5Y)Largest decline over 5 years | -14.93% | -0.36% | -14.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -1.51% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.87% | -0.05% | -2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 0.04% | +1.78% |
Volatility
WQDS.L vs. ERNS.L - Volatility Comparison
iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDS.L) has a higher volatility of 3.09% compared to iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) at 0.36%. This indicates that WQDS.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
| WQDS.L | ERNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 0.36% | +2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 0.68% | +7.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.37% | 0.84% | +9.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.58% | 0.83% | +10.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.22% | 0.92% | +12.30% |
WQDS.L vs. ERNS.L - Expense Ratio Comparison
WQDS.L has a 0.38% expense ratio, which is higher than ERNS.L's 0.09% expense ratio.
Dividends
WQDS.L vs. ERNS.L - Dividend Comparison
WQDS.L's dividend yield for the trailing twelve months is around 2.90%, 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% |
WQDS.L iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) | 2.90% | 3.12% | 3.24% | 3.55% | 3.56% | 3.71% | 3.84% | 3.98% | 4.19% | 1.05% | 0.00% | 0.00% |
Frequently Asked Questions
WQDS.L 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.
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 0.38% for WQDS.L.
WQDS.L is categorized as Global Equities, while ERNS.L is Ultrashort Bond. Their fees differ too: 0.38% for WQDS.L and 0.09% for ERNS.L.
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