XT01.DE vs. ERNU.L

Last updated Apr 2, 2026

Compare and contrast key facts about Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.DE) and iShares USD Ultrashort Bond UCITS ETF (ERNU.L).

XT01.DE 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. XT01.DE is a passively managed fund by Xtrackers that tracks the performance of the Bloomberg US Government TR USD. It was launched on Sep 3, 2020. 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 XT01.DE 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

XT01.DE vs. ERNU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.DE) and iShares USD Ultrashort Bond UCITS ETF (ERNU.L). The values are adjusted to include any dividend payments, if applicable.

XT01.DE vs. ERNU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C	2.20%	-7.30%	11.24%	1.44%	7.11%	8.43%	-3.76%
ERNU.L iShares USD Ultrashort Bond UCITS ETF	2.32%	-7.54%	12.57%	1.78%	7.60%	8.13%	-3.22%

Different Trading Currencies

XT01.DE is traded in EUR, while ERNU.L is traded in GBP. To make them comparable, the ERNU.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, XT01.DE achieves a 2.20% return, which is significantly lower than ERNU.L's 2.32% return.

XT01.DE

• 1D: -0.66%
• 1M: 0.96%
• YTD: 2.20%
• 6M: 2.94%
• 1Y: -3.14%
• 3Y*: 2.46%
• 5Y*: 3.53%
• 10Y*: —

ERNU.L

• 1D: -0.26%
• 1M: 0.86%
• YTD: 2.32%
• 6M: 3.20%
• 1Y: -2.78%
• 3Y*: 3.04%
• 5Y*: 3.95%
• 10Y*: 2.49%

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

XT01.DE vs. ERNU.L - Expense Ratio Comparison

XT01.DE has a 0.07% expense ratio, which is lower than ERNU.L's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

ERNU.L

iShares USD Ultrashort Bond UCITS ETF

XT01.DE

Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C

Return for Risk

XT01.DE vs. ERNU.L — Risk / Return Rank

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

XT01.DE

XT01.DE Risk / Return Rank: 5
XT01.DE Sharpe Ratio Rank: 5
XT01.DE Sortino Ratio Rank: 4
XT01.DE Omega Ratio Rank: 4
XT01.DE Calmar Ratio Rank: 6
XT01.DE Martin Ratio Rank: 7

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.

XT01.DE vs. ERNU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.DE) 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.

	XT01.DE	ERNU.L	Difference
Sharpe ratio Return per unit of total volatility	-0.44	-0.38	-0.06
Sortino ratio Return per unit of downside risk	-0.55	-0.45	-0.10
Omega ratio Gain probability vs. loss probability	0.93	0.94	-0.01
Calmar ratio Return relative to maximum drawdown	-0.40	-0.47	+0.07
Martin ratio Return relative to average drawdown	-0.62	-0.76	+0.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XT01.DE vs. ERNU.L - Sharpe Ratio Comparison

The current XT01.DE Sharpe Ratio is -0.44, which is comparable to the ERNU.L Sharpe Ratio of -0.38. The chart below compares the historical Sharpe Ratios of XT01.DE 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

	XT01.DE	ERNU.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.44	-0.38	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.50	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.44	0.00

Correlation

The correlation between XT01.DE and ERNU.L is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

XT01.DE vs. ERNU.L - Dividend Comparison

XT01.DE has not paid dividends to shareholders, while ERNU.L's dividend yield for the trailing twelve months is around 5.69%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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

XT01.DE vs. ERNU.L - Drawdown Comparison

The maximum XT01.DE drawdown since its inception was -11.68%, smaller than the maximum ERNU.L drawdown of -15.83%. Use the drawdown chart below to compare losses from any high point for XT01.DE and ERNU.L.

Drawdown Indicators

	XT01.DE	ERNU.L	Difference
Max Drawdown Largest peak-to-trough decline	-11.68%	-14.92%	+3.24%
Max Drawdown (1Y) Largest decline over 1 year	-7.01%	-6.01%	-1.00%
Max Drawdown (5Y) Largest decline over 5 years	-11.68%	-14.92%	+3.24%
Max Drawdown (10Y) Largest decline over 10 years	—	-14.92%	—
Current Drawdown Current decline from peak	-7.56%	-3.97%	-3.59%
Average Drawdown Average peak-to-trough decline	-4.80%	-5.82%	+1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.28%	3.18%	+1.10%

Volatility

XT01.DE vs. ERNU.L - Volatility Comparison

Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.DE) has a higher volatility of 1.94% compared to iShares USD Ultrashort Bond UCITS ETF (ERNU.L) at 1.72%. This indicates that XT01.DE'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

	XT01.DE	ERNU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.94%	1.72%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	4.02%	4.12%	-0.10%
Volatility (1Y) Calculated over the trailing 1-year period	7.15%	7.29%	-0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.45%	7.86%	-0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.32%	7.89%	-0.57%