XDGU.L vs. ERNA.L
XDGU.L (Xtrackers USD Corporate Bonds UCITS ETF 1D) and ERNA.L (iShares USD Ultrashort Bond UCITS ETF USD (Acc)) are both Corporate Bonds funds - XDGU.L tracks the Bloomberg US Corp Bond TR USD while ERNA.L tracks the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 5 years, XDGU.L returned 0.11%/yr vs 3.77%/yr for ERNA.L. At a 0.15 correlation, their price movements are largely independent. XDGU.L charges 0.12%/yr vs 0.09%/yr for ERNA.L.
Performance
XDGU.L vs. ERNA.L - Performance Comparison
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Returns By Period
In the year-to-date period, XDGU.L achieves a 0.16% return, which is significantly lower than ERNA.L's 1.64% return.
XDGU.L
- 1D
- 0.14%
- 1M
- 0.50%
- YTD
- 0.16%
- 6M
- 0.47%
- 1Y
- 5.73%
- 3Y*
- 5.14%
- 5Y*
- 0.11%
- 10Y*
- 2.63%
ERNA.L
- 1D
- 0.11%
- 1M
- 0.35%
- YTD
- 1.64%
- 6M
- 1.95%
- 1Y
- 4.36%
- 3Y*
- 5.21%
- 5Y*
- 3.77%
- 10Y*
- —
XDGU.L vs. ERNA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XDGU.L Xtrackers USD Corporate Bonds UCITS ETF 1D | 0.16% | 7.97% | 1.52% | 9.07% | -17.66% | -1.76% | 10.73% | 18.12% | 0.04% |
ERNA.L iShares USD Ultrashort Bond UCITS ETF USD (Acc) | 1.64% | 4.75% | 5.66% | 5.50% | 1.46% | 0.11% | 1.27% | 3.19% | 1.09% |
Correlation
The correlation between XDGU.L and ERNA.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2018 | 0.15 |
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Return for Risk
XDGU.L vs. ERNA.L — Risk / Return Rank
XDGU.L
ERNA.L
XDGU.L vs. ERNA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD Corporate Bonds UCITS ETF 1D (XDGU.L) and iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.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.
| XDGU.L | ERNA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.58 | ||
| Sortino ratioReturn per unit of downside risk | -6.72 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 2.31 | -1.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 21.10 | -19.35 |
| Martin ratioReturn relative to average drawdown | 4.98 | 82.85 | -77.88 |
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
| XDGU.L | ERNA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 4.65 | -3.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 4.03 | -4.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 1.43 | -1.06 |
Drawdowns
XDGU.L vs. ERNA.L - Drawdown Comparison
The maximum XDGU.L drawdown since its inception was -25.18%, which is greater than ERNA.L's maximum drawdown of -8.63%. Use the drawdown chart below to compare losses from any high point for XDGU.L and ERNA.L.
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Drawdown Indicators
| XDGU.L | ERNA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.18% | -8.63% | -16.55% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -0.20% | -3.06% |
Max Drawdown (3Y)Largest decline over 3 years | -7.70% | -0.38% | -7.32% |
Max Drawdown (5Y)Largest decline over 5 years | -25.12% | -0.81% | -24.31% |
Max Drawdown (10Y)Largest decline over 10 years | -25.18% | — | — |
Current DrawdownCurrent decline from peak | -3.14% | 0.00% | -3.14% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -0.10% | -5.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 0.05% | +1.10% |
Volatility
XDGU.L vs. ERNA.L - Volatility Comparison
Xtrackers USD Corporate Bonds UCITS ETF 1D (XDGU.L) has a higher volatility of 1.96% compared to iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.L) at 0.30%. This indicates that XDGU.L's price experiences larger fluctuations and is considered to be riskier than ERNA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDGU.L | ERNA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 0.30% | +1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 4.06% | 0.86% | +3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.40% | 0.93% | +4.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.36% | 0.93% | +7.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.06% | 2.17% | +5.89% |
XDGU.L vs. ERNA.L - Expense Ratio Comparison
XDGU.L has a 0.12% expense ratio, which is higher than ERNA.L's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XDGU.L vs. ERNA.L - Dividend Comparison
XDGU.L's dividend yield for the trailing twelve months is around 4.75%, while ERNA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ERNA.L iShares USD Ultrashort Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XDGU.L Xtrackers USD Corporate Bonds UCITS ETF 1D | 4.75% | 4.59% | 5.63% | 4.06% | 4.07% | 5.93% | 3.74% | 2.98% | 2.97% | 3.09% | 0.29% |
Frequently Asked Questions
XDGU.L and ERNA.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERNA.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERNA.L is cheaper with a 0.09% expense ratio, compared with 0.12% for XDGU.L.
XDGU.L tracks Bloomberg US Corp Bond TR USD, while ERNA.L tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.12% for XDGU.L and 0.09% for ERNA.L.
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