XDJP.L vs. ERNS.L
XDJP.L (Xtrackers Nikkei 225 UCITS ETF 1D) and ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) are both exchange-traded funds - XDJP.L is a Japan Equities fund tracking the TOPIX TR JPY, while ERNS.L is a Ultrashort Bond fund actively managed by iShares. XDJP.L is passively managed, while ERNS.L is actively managed. Over the past 10 years, XDJP.L returned 13.14%/yr vs 2.20%/yr for ERNS.L. At a 0.06 correlation, their price movements are largely independent. Both charge a 0.09% expense ratio.
Performance
XDJP.L vs. ERNS.L - Performance Comparison
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Different Trading Currencies
XDJP.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, XDJP.L achieves a 31.98% return, which is significantly higher than ERNS.L's 1.58% return. Over the past 10 years, XDJP.L has outperformed ERNS.L with an annualized return of 13.14%, while ERNS.L has yielded a comparatively lower 2.20% annualized return.
XDJP.L
- 1D
- -1.35%
- 1M
- 7.60%
- YTD
- 31.98%
- 6M
- 29.24%
- 1Y
- 65.08%
- 3Y*
- 20.95%
- 5Y*
- 12.61%
- 10Y*
- 13.14%
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%
XDJP.L vs. ERNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDJP.L Xtrackers Nikkei 225 UCITS ETF 1D | 31.98% | 21.04% | 9.67% | 15.52% | -10.26% | -3.79% | 21.77% | 16.58% | -3.53% | 14.73% |
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% | 0.57% |
Correlation
The correlation between XDJP.L and ERNS.L is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2013 | 0.06 |
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Return for Risk
XDJP.L vs. ERNS.L — Risk / Return Rank
XDJP.L
ERNS.L
XDJP.L vs. ERNS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.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.
| XDJP.L | ERNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.45 | ||
| Sortino ratioReturn per unit of downside risk | -5.55 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 2.39 | -0.92 |
| Calmar ratioReturn relative to maximum drawdown | 4.77 | 20.38 | -15.61 |
| Martin ratioReturn relative to average drawdown | 14.50 | 108.76 | -94.26 |
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
| XDJP.L | ERNS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 5.30 | -2.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 4.34 | -3.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 2.38 | -1.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 2.23 | -1.48 |
Drawdowns
XDJP.L vs. ERNS.L - Drawdown Comparison
The maximum XDJP.L drawdown since its inception was -23.69%, 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 XDJP.L and ERNS.L.
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Drawdown Indicators
| XDJP.L | ERNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.69% | -1.51% | -22.18% |
Max Drawdown (1Y)Largest decline over 1 year | -13.40% | -0.22% | -13.18% |
Max Drawdown (3Y)Largest decline over 3 years | -18.82% | -0.22% | -18.60% |
Max Drawdown (5Y)Largest decline over 5 years | -20.61% | -0.36% | -20.25% |
Max Drawdown (10Y)Largest decline over 10 years | -23.69% | -1.51% | -22.18% |
Current DrawdownCurrent decline from peak | -1.35% | 0.00% | -1.35% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -0.05% | -6.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.42% | 0.04% | +4.38% |
Volatility
XDJP.L vs. ERNS.L - Volatility Comparison
Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.L) has a higher volatility of 6.75% compared to iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) at 0.36%. This indicates that XDJP.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
| XDJP.L | ERNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 0.36% | +6.39% |
Volatility (6M)Calculated over the trailing 6-month period | 17.68% | 0.68% | +17.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.44% | 0.84% | +21.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.72% | 0.83% | +16.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.63% | 0.92% | +16.71% |
XDJP.L vs. ERNS.L - Expense Ratio Comparison
Both XDJP.L 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
XDJP.L vs. ERNS.L - Dividend Comparison
XDJP.L's dividend yield for the trailing twelve months is around 1.04%, 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% |
XDJP.L Xtrackers Nikkei 225 UCITS ETF 1D | 1.04% | 1.33% | 1.41% | 1.59% | 2.47% | 1.20% | 1.11% | 1.13% | 1.24% | 0.72% | 0.83% | 0.16% |
Frequently Asked Questions
XDJP.L and ERNS.L have a correlation of 0.02, 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.
XDJP.L and ERNS.L have the same expense ratio: 0.09% per year.
XDJP.L is categorized as Japan Equities, while ERNS.L is Ultrashort Bond. They also come from different issuers: Xtrackers and iShares.
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