(ERNX) € Ultrashort Bond EUR - Overview
Etf: Bonds, Euro, 3-Month, Government, Investment-Grade
| Risk 5d forecast | |
|---|---|
| Volatility | 0.55% |
| Relative Tail Risk | 0.84% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -2.31 |
| Alpha | -1.58 |
| Character TTM | |
|---|---|
| Beta | -0.002 |
| Beta Downside | -0.005 |
| Drawdowns 3y | |
|---|---|
| Max DD | 0.16% |
| CAGR/Max DD | 20.71 |
Description: ERNX € Ultrashort Bond EUR January 15, 2026
The iShares € Ultrashort Bond UCITS ETF (Acc) – ticker ERNX – is a Germany-domiciled exchange-traded fund that tracks the FTSE EUR EuroDep 3-Month EUR index, giving investors exposure to a basket of very short-duration euro-denominated sovereign and investment-grade corporate bonds.
As of early 2024 the fund carries an expense ratio of 0.20 % and holds roughly €5 billion in assets under management. Its average effective duration is about 0.2 years, delivering a distribution-reinvested yield near 3.5 % (subject to change with ECB policy moves). The portfolio’s credit quality is high, with over 95 % of holdings rated A- or better, and it maintains a liquidity profile suited for cash-management strategies.
Key drivers of performance include the European Central Bank’s policy rate, euro-area inflation trends, and short-term credit-spread dynamics; a tightening monetary stance typically compresses yields, while widening spreads can erode returns. For a deeper dive into its risk-adjusted performance, check out ValueRay’s analytical dashboard.
What is the price of ERNX shares?
Over the past week, the price has changed by +0.09%, over one month by +0.19%, over three months by +0.58% and over the past year by +2.49%.
Is ERNX a buy, sell or hold?
What are the forecasts/targets for the ERNX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 5.7 | 2.5% |
ERNX Fundamental Data Overview February 10, 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 = 2.35b EUR (2.35b + (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 2.35b)
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 2.35b / 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 = 5.91% (E(2.35b)/V(2.35b) * Re(5.91%) + (debt-free company))
Discount Rate = 5.91% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)