WQDV.L vs. ERNS.L
WQDV.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 - WQDV.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. WQDV.L is passively managed, while ERNS.L is actively managed. Over the past 5 years, WQDV.L returned 11.70%/yr vs 2.53%/yr for ERNS.L. At a 0.32 correlation, their price movements are largely independent. WQDV.L charges 0.38%/yr vs 0.09%/yr for ERNS.L.
Performance
WQDV.L vs. ERNS.L - Performance Comparison
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Different Trading Currencies
WQDV.L 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, WQDV.L achieves a 14.25% return, which is significantly higher than ERNS.L's 1.34% return.
WQDV.L
- 1D
- 0.00%
- 1M
- 6.39%
- YTD
- 14.25%
- 6M
- 15.58%
- 1Y
- 30.82%
- 3Y*
- 19.42%
- 5Y*
- 11.70%
- 10Y*
- —
ERNS.L
- 1D
- 0.11%
- 1M
- -0.49%
- YTD
- 1.34%
- 6M
- 2.76%
- 1Y
- 3.45%
- 3Y*
- 7.82%
- 5Y*
- 2.53%
- 10Y*
- 1.46%
WQDV.L vs. ERNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WQDV.L iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) | 14.25% | 24.15% | 9.88% | 17.14% | -6.91% | 15.95% | 0.01% | 22.62% | -7.74% | 7.86% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 1.34% | 12.76% | 3.78% | 10.28% | -9.32% | -0.78% | 3.86% | 5.33% | -5.11% | 6.17% |
Correlation
The correlation between WQDV.L and ERNS.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017 | 0.32 |
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Return for Risk
WQDV.L vs. ERNS.L — Risk / Return Rank
WQDV.L
ERNS.L
WQDV.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) (WQDV.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.
| WQDV.L | ERNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.11 | ||
| Sortino ratioReturn per unit of downside risk | +3.09 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.09 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 3.95 | 0.83 | +3.12 |
| Martin ratioReturn relative to average drawdown | 14.66 | 1.86 | +12.80 |
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
| WQDV.L | ERNS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.62 | 0.51 | +2.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.29 | +0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.06 | +0.64 |
Drawdowns
WQDV.L vs. ERNS.L - Drawdown Comparison
The maximum WQDV.L drawdown since its inception was -33.13%, roughly equal to the maximum ERNS.L drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for WQDV.L and ERNS.L.
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Drawdown Indicators
| WQDV.L | ERNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.13% | -34.17% | +1.04% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -4.13% | -3.63% |
Max Drawdown (3Y)Largest decline over 3 years | -14.08% | -7.89% | -6.19% |
Max Drawdown (5Y)Largest decline over 5 years | -21.26% | -24.43% | +3.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.90% | — |
Current DrawdownCurrent decline from peak | -0.26% | -1.54% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -4.28% | -16.12% | +11.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 1.85% | +0.25% |
Volatility
WQDV.L vs. ERNS.L - Volatility Comparison
iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDV.L) has a higher volatility of 3.68% compared to iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) at 1.95%. This indicates that WQDV.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
| WQDV.L | ERNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 1.95% | +1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 9.03% | 5.00% | +4.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.74% | 6.73% | +5.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.88% | 8.62% | +5.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.69% | 9.41% | +5.28% |
WQDV.L vs. ERNS.L - Expense Ratio Comparison
WQDV.L has a 0.38% expense ratio, which is higher than ERNS.L's 0.09% expense ratio.
Dividends
WQDV.L vs. ERNS.L - Dividend Comparison
WQDV.L's dividend yield for the trailing twelve months is around 2.16%, 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% |
WQDV.L iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) | 2.16% | 2.31% | 2.58% | 2.78% | 2.95% | 2.75% | 2.81% | 3.01% | 3.28% | 0.77% | 0.00% | 0.00% |
Frequently Asked Questions
WQDV.L and ERNS.L have a correlation of 0.35, 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 WQDV.L.
WQDV.L is categorized as Global Equities, while ERNS.L is Ultrashort Bond. Their fees differ too: 0.38% for WQDV.L and 0.09% for ERNS.L.
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