XDGU.L vs. ERNU.L

Last updated Apr 2, 2026

Compare and contrast key facts about Xtrackers USD Corporate Bonds UCITS ETF 1D (XDGU.L) and iShares USD Ultrashort Bond UCITS ETF (ERNU.L).

XDGU.L and ERNU.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XDGU.L is a passively managed fund by Xtrackers that tracks the performance of the Bloomberg US Corp Bond TR USD. It was launched on Sep 30, 2015. ERNU.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Corp 1-3 Yr TR USD. It was launched on Oct 15, 2013. Both XDGU.L and ERNU.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XDGU.L vs. ERNU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers USD Corporate Bonds UCITS ETF 1D (XDGU.L) and iShares USD Ultrashort Bond UCITS ETF (ERNU.L). The values are adjusted to include any dividend payments, if applicable.

XDGU.L vs. ERNU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XDGU.L Xtrackers USD Corporate Bonds UCITS ETF 1D	-0.61%	7.97%	1.52%	9.07%	-17.66%	-1.76%	10.73%	18.12%	-3.94%	7.08%
ERNU.L iShares USD Ultrashort Bond UCITS ETF	0.76%	4.91%	5.60%	4.92%	1.32%	0.60%	0.83%	3.85%	1.88%	1.18%

Different Trading Currencies

XDGU.L is traded in USD, while ERNU.L is traded in GBP. To make them comparable, the ERNU.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XDGU.L achieves a -0.61% return, which is significantly lower than ERNU.L's 0.76% return. Both investments have delivered pretty close results over the past 10 years, with XDGU.L having a 2.71% annualized return and ERNU.L not far behind at 2.64%.

XDGU.L

• 1D: 0.59%
• 1M: -1.27%
• YTD: -0.61%
• 6M: 0.03%
• 1Y: 4.84%
• 3Y*: 4.64%
• 5Y*: 0.25%
• 10Y*: 2.71%

ERNU.L

• 1D: -0.16%
• 1M: -0.19%
• YTD: 0.76%
• 6M: 1.76%
• 1Y: 4.20%
• 3Y*: 5.29%
• 5Y*: 3.58%
• 10Y*: 2.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XDGU.L vs. ERNU.L - Expense Ratio Comparison

XDGU.L has a 0.12% expense ratio, which is higher than ERNU.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%.

XDGU.L

Xtrackers USD Corporate Bonds UCITS ETF 1D

ERNU.L

iShares USD Ultrashort Bond UCITS ETF

Return for Risk

XDGU.L vs. ERNU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XDGU.L

XDGU.L Risk / Return Rank: 32
XDGU.L Sharpe Ratio Rank: 34
XDGU.L Sortino Ratio Rank: 30
XDGU.L Omega Ratio Rank: 31
XDGU.L Calmar Ratio Rank: 32
XDGU.L Martin Ratio Rank: 35

ERNU.L

ERNU.L Risk / Return Rank: 15
ERNU.L Sharpe Ratio Rank: 16
ERNU.L Sortino Ratio Rank: 14
ERNU.L Omega Ratio Rank: 13
ERNU.L Calmar Ratio Rank: 16
ERNU.L Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XDGU.L vs. ERNU.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 (ERNU.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	ERNU.L	Difference
Sharpe ratio Return per unit of total volatility	0.68	1.02	-0.34
Sortino ratio Return per unit of downside risk	0.96	1.57	-0.61
Omega ratio Gain probability vs. loss probability	1.14	1.18	-0.05
Calmar ratio Return relative to maximum drawdown	0.94	4.10	-3.16
Martin ratio Return relative to average drawdown	3.64	13.71	-10.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDGU.L vs. ERNU.L - Sharpe Ratio Comparison

The current XDGU.L Sharpe Ratio is 0.68, which is lower than the ERNU.L Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of XDGU.L and ERNU.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XDGU.L	ERNU.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.68	1.02	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	0.76	-0.73
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.52	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.45	-0.09

Correlation

The correlation between XDGU.L and ERNU.L is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

XDGU.L vs. ERNU.L - Dividend Comparison

XDGU.L's dividend yield for the trailing twelve months is around 4.70%, less than ERNU.L's 5.69% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XDGU.L Xtrackers USD Corporate Bonds UCITS ETF 1D	4.70%	4.59%	5.63%	4.06%	4.07%	5.93%	3.74%	2.98%	2.97%	3.09%	0.29%	0.00%
ERNU.L iShares USD Ultrashort Bond UCITS ETF	5.69%	4.68%	5.45%	5.00%	1.55%	0.48%	1.65%	2.77%	2.17%	1.43%	0.93%	0.70%

Drawdowns

XDGU.L vs. ERNU.L - Drawdown Comparison

The maximum XDGU.L drawdown since its inception was -25.18%, which is greater than ERNU.L's maximum drawdown of -8.13%. Use the drawdown chart below to compare losses from any high point for XDGU.L and ERNU.L.

Drawdown Indicators

	XDGU.L	ERNU.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.18%	-14.92%	-10.26%
Max Drawdown (1Y) Largest decline over 1 year	-5.11%	-6.01%	+0.90%
Max Drawdown (5Y) Largest decline over 5 years	-25.12%	-14.92%	-10.20%
Max Drawdown (10Y) Largest decline over 10 years	-25.18%	-14.92%	-10.26%
Current Drawdown Current decline from peak	-3.89%	-3.97%	+0.08%
Average Drawdown Average peak-to-trough decline	-6.11%	-5.82%	-0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.33%	3.18%	-1.85%

Volatility

XDGU.L vs. ERNU.L - Volatility Comparison

Xtrackers USD Corporate Bonds UCITS ETF 1D (XDGU.L) has a higher volatility of 2.21% compared to iShares USD Ultrashort Bond UCITS ETF (ERNU.L) at 1.66%. This indicates that XDGU.L's price experiences larger fluctuations and is considered to be riskier than ERNU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDGU.L	ERNU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.21%	1.66%	+0.55%
Volatility (6M) Calculated over the trailing 6-month period	3.67%	3.02%	+0.65%
Volatility (1Y) Calculated over the trailing 1-year period	7.05%	4.09%	+2.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.32%	4.71%	+3.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.04%	5.08%	+2.96%