Short-Term Bond ETF Analysis
Short-term bond ETFs have established themselves as fundamental instruments for investors seeking stability, liquidity, and reduced risk.
Short-term bond ETFs have established themselves as fundamental instruments for investors seeking stability, liquidity, and reduced risk.
In this analysis, we examine four bond categories: floating rate, government 0–6 months, government 0–1 year, and ultrashort corporate. The analysis is based on fundamental metrics such as YTM, average maturity, average duration, historical performance, and annual and monthly returns.
ETFs Analyzed
Floating Rate (Corporate)
- iShares € Floating Rate Bond ESG UCITS ETF – EFRN - Link
Government
- Amundi Euro Government Bond 0-6 M UCITS ETF Acc (formerly Amundi ETF Govies 0–6 Months Euro Investment Grade UCITS ETF) – C3M - Link
- iShares € Gov. Bond 0–1yr UCITS ETF – IEGE - Link
Corporate (Ultrashort)
- iShares € Ultrashort Bond UCITS ETF – ERNX - Link
Key Data
| Ticker | Name | Category | YTM | Maturity | Duration | TER |
|---|
Data as of
Yield to Maturity (YTM)
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The chart above shows the historical Yield to Maturity for each ETF. YTM represents the expected annual return if the bonds are held to maturity, making it a key metric for comparing bond fund attractiveness.
Historical Performance
The chart above shows the cumulative performance of all four ETFs since December 2022. ERNX (Ultrashort Corporate) and EFRN (Floating Rate) have shown the strongest performance, while IEGE (Government 0-1yr) and C3M (Government 0-6m) offer lower returns with the shallowest drawdowns; C3M is also the least volatile of the four.
Yearly Returns
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Monthly Returns
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Annualized Monthly Returns
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P.S.: CEMK (iShares € Govt Bond 0-1yr UCITS ETF Acc) is an accumulating alternative to IEGE.