XYLD.L vs. ERNE.L
XYLD.L (Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D) and ERNE.L (iShares € Ultrashort Bond UCITS ETF EUR (Dist)) are both exchange-traded funds - XYLD.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while ERNE.L is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). Both are passively managed. Over the past 5 years, XYLD.L returned 1.52%/yr vs 1.58%/yr for ERNE.L. At a 0.17 correlation, their price movements are largely independent. XYLD.L charges 0.16%/yr vs 0.09%/yr for ERNE.L.
Performance
XYLD.L vs. ERNE.L - Performance Comparison
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Different Trading Currencies
XYLD.L is traded in USD, while ERNE.L is traded in EUR. To make them comparable, the ERNE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XYLD.L achieves a 0.88% return, which is significantly higher than ERNE.L's -1.17% return.
XYLD.L
- 1D
- 0.11%
- 1M
- -0.05%
- 6M
- 0.82%
- YTD
- 0.88%
- 1Y
- 3.93%
- 3Y*
- 5.12%
- 5Y*
- 1.52%
- 10Y*
- —
ERNE.L
- 1D
- 0.00%
- 1M
- -0.78%
- 6M
- -0.39%
- YTD
- -1.17%
- 1Y
- 1.06%
- 3Y*
- 4.02%
- 5Y*
- 1.58%
- 10Y*
- 1.39%
XYLD.L vs. ERNE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XYLD.L Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D | 0.88% | 6.20% | 4.88% | 5.72% | -8.68% | 0.34% | 10.34% | 13.55% | -1.14% |
ERNE.L iShares € Ultrashort Bond UCITS ETF EUR (Dist) | -1.17% | 16.37% | -2.29% | 6.65% | -6.24% | -7.15% | 8.93% | -1.63% | -7.71% |
Correlation
The correlation between XYLD.L and ERNE.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2018 | 0.17 |
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Return for Risk
XYLD.L vs. ERNE.L — Risk / Return Rank
XYLD.L
ERNE.L
XYLD.L vs. ERNE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D (XYLD.L) and iShares € Ultrashort Bond UCITS ETF EUR (Dist) (ERNE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XYLD.L | ERNE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.02 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 0.14 | +3.64 |
| Martin ratioReturn relative to average drawdown | 14.12 | 0.30 | +13.82 |
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Drawdowns
XYLD.L vs. ERNE.L - Drawdown Comparison
The maximum XYLD.L drawdown since its inception was -18.92%, smaller than the maximum ERNE.L drawdown of -31.67%. Use the drawdown chart below to compare losses from any high point for XYLD.L and ERNE.L.
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Drawdown Indicators
| XYLD.L | ERNE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.92% | -31.67% | +12.75% |
Max Drawdown (1Y)Largest decline over 1 year | -1.03% | -4.98% | +3.95% |
Max Drawdown (3Y)Largest decline over 3 years | -1.38% | -7.47% | +6.09% |
Max Drawdown (5Y)Largest decline over 5 years | -12.40% | -20.15% | +7.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.43% | — |
Current DrawdownCurrent decline from peak | -0.22% | -8.08% | +7.86% |
Average DrawdownAverage peak-to-trough decline | -3.10% | -16.42% | +13.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 2.38% | -2.10% |
Volatility
XYLD.L vs. ERNE.L - Volatility Comparison
The current volatility for Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D (XYLD.L) is 0.53%, while iShares € Ultrashort Bond UCITS ETF EUR (Dist) (ERNE.L) has a volatility of 1.39%. This indicates that XYLD.L experiences smaller price fluctuations and is considered to be less risky than ERNE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XYLD.L | ERNE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 1.39% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | 4.60% | -3.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.98% | 6.27% | -4.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.19% | 7.67% | -4.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.87% | 7.33% | -1.46% |
XYLD.L vs. ERNE.L - Expense Ratio Comparison
XYLD.L has a 0.16% expense ratio, which is higher than ERNE.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
XYLD.L vs. ERNE.L - Dividend Comparison
XYLD.L's dividend yield for the trailing twelve months is around 3.76%, more than ERNE.L's 2.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERNE.L iShares € Ultrashort Bond UCITS ETF EUR (Dist) | 2.33% | 2.74% | 3.80% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.13% |
XYLD.L Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D | 3.76% | 3.61% | 3.34% | 2.88% | 6.03% | 3.88% | 3.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XYLD.L and ERNE.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERNE.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERNE.L is cheaper with a 0.09% expense ratio, compared with 0.16% for XYLD.L.
XYLD.L is categorized as Corporate Bonds, while ERNE.L is Ultrashort Bond. XYLD.L tracks Bloomberg US Corp Bond TR USD, while ERNE.L tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.16% for XYLD.L and 0.09% for ERNE.L.
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