(ERNE) Euro Ultrashort Bond - Overview
Etf: Euro, Floating, Rate, Notes
Dividends
| Dividend Yield | 2.74% |
| Yield on Cost 5y | 3.01% |
| Yield CAGR 5y | 12.47% |
| Payout Consistency | 31.4% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 1.37% |
| Relative Tail Risk | 1.86% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -2.68 |
| Alpha | -1.58 |
| Character TTM | |
|---|---|
| Beta | -0.006 |
| Beta Downside | -0.003 |
| Drawdowns 3y | |
|---|---|
| Max DD | 0.35% |
| CAGR/Max DD | 9.61 |
Description: ERNE Euro Ultrashort Bond January 15, 2026
The iShares Euro Ultrashort Bond UCITS (ISIN: IE00B4L5Y983, ticker ERNE) is a Netherlands-registered ETF that tracks the FTSE EUR EuroDep 3-Month Index, providing exposure to a basket of euro-denominated short-term sovereign and quasi-sovereign debt with an average maturity of roughly three months.
Key metrics (as of the latest fund factsheet, Q4 2025) show an expense ratio of 0.20 % and a weighted average credit rating of AA-, reflecting a focus on high-quality issuers. The fund’s yield-to-maturity hovers around 0.8 % in a low-rate environment, and its performance is highly sensitive to European Central Bank policy moves and euro-area inflation trends, which drive short-term rates and liquidity conditions.
For a deeper dive into ERNE’s risk-adjusted returns and how its ultra-short exposure fits within a broader portfolio, you might explore the analytics on ValueRay.
What is the price of ERNE shares?
Over the past week, the price has changed by +0.04%, over one month by +0.16%, over three months by +0.53% and over the past year by +2.50%.
Is ERNE a buy, sell or hold?
What are the forecasts/targets for the ERNE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 107.1 | 5.9% |
ERNE Fundamental Data Overview February 03, 2026
Revenue TTM = 0.0 EUR
EBIT TTM = 0.0 EUR
EBITDA TTM = 0.0 EUR
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 3.20b EUR (3.20b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 3.20b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 3.20b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 25.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 5.89% (E(3.20b)/V(3.20b) * Re(5.89%) + (debt-free company))
Discount Rate = 5.89% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)