XT01.L vs. ERNS.L
XT01.L (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) and ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) are both exchange-traded funds - XT01.L is a Government Bonds fund tracking the FTSE US Treasury Short Duration Index, while ERNS.L is a Ultrashort Bond fund actively managed by iShares. XT01.L is passively managed, while ERNS.L is actively managed. Over the past 5 years, XT01.L returned 4.47%/yr vs 3.62%/yr for ERNS.L. At a correlation of -0.03, they often move in opposite directions. XT01.L charges 0.06%/yr vs 0.09%/yr for ERNS.L.
Performance
XT01.L vs. ERNS.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with XT01.L having a 1.60% return and ERNS.L slightly lower at 1.58%.
XT01.L
- 1D
- 0.10%
- 1M
- 1.28%
- YTD
- 1.60%
- 6M
- 1.14%
- 1Y
- 4.98%
- 3Y*
- 2.01%
- 5Y*
- 4.47%
- 10Y*
- —
ERNS.L
- 1D
- 0.06%
- 1M
- 0.37%
- YTD
- 1.58%
- 6M
- 2.00%
- 1Y
- 4.44%
- 3Y*
- 5.11%
- 5Y*
- 3.62%
- 10Y*
- 2.20%
XT01.L vs. ERNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 1.60% | -2.80% | 6.91% | -0.75% | 12.89% | 1.36% | -5.72% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 1.58% | 4.84% | 5.54% | 4.76% | 1.54% | 0.13% | 0.06% |
Correlation
The correlation between XT01.L and ERNS.L is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2020 | -0.03 |
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Return for Risk
XT01.L vs. ERNS.L — Risk / Return Rank
XT01.L
ERNS.L
XT01.L vs. ERNS.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.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.
| XT01.L | ERNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.53 | ||
| Sortino ratioReturn per unit of downside risk | -8.33 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 2.39 | -1.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 20.38 | -19.27 |
| Martin ratioReturn relative to average drawdown | 2.77 | 108.76 | -105.99 |
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
| XT01.L | ERNS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 5.30 | -4.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 4.34 | -3.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 2.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 2.23 | -1.97 |
Drawdowns
XT01.L vs. ERNS.L - Drawdown Comparison
The maximum XT01.L drawdown since its inception was -15.31%, 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 XT01.L and ERNS.L.
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Drawdown Indicators
| XT01.L | ERNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.31% | -1.51% | -13.80% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -0.22% | -4.26% |
Max Drawdown (3Y)Largest decline over 3 years | -9.75% | -0.22% | -9.53% |
Max Drawdown (5Y)Largest decline over 5 years | -15.31% | -0.36% | -14.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -1.51% | — |
Current DrawdownCurrent decline from peak | -5.62% | 0.00% | -5.62% |
Average DrawdownAverage peak-to-trough decline | -7.30% | -0.05% | -7.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 0.04% | +1.76% |
Volatility
XT01.L vs. ERNS.L - Volatility Comparison
Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.L) has a higher volatility of 1.90% compared to iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) at 0.36%. This indicates that XT01.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
| XT01.L | ERNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 0.36% | +1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 4.68% | 0.68% | +4.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.44% | 0.84% | +5.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.37% | 0.83% | +7.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.34% | 0.92% | +7.42% |
XT01.L vs. ERNS.L - Expense Ratio Comparison
XT01.L has a 0.06% expense ratio, which is lower than ERNS.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%.
Dividends
XT01.L vs. ERNS.L - Dividend Comparison
XT01.L has not paid dividends to shareholders, while ERNS.L's dividend yield for the trailing twelve months is around 5.65%.
| 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% |
XT01.L 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% |
Frequently Asked Questions
XT01.L and ERNS.L have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XT01.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XT01.L is cheaper with a 0.06% expense ratio, compared with 0.09% for ERNS.L.
XT01.L is categorized as Government Bonds, while ERNS.L is Ultrashort Bond. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.06% for XT01.L and 0.09% for ERNS.L.
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