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Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) (FRNH.DE)

ETF · Currency in EUR · Last updated Jul 4, 2026

The fund tracks ESG-screened floating rate notes issued by developed market companies in US Dollars, currency hedged to the Euro.

ISIN
LU1681041031
Issuer
Amundi
Inception Date
Jan 24, 2020
Category
Corporate Bonds, ESG
Leveraged
1x (No leverage)
Index Tracked
iBoxx MSCI ESG USD FRN Investment Grade Corporates Index (EUR Hedged)
Domicile
Luxembourg
Distribution Policy
Accumulating
Asset Class
Bond

Share Price Chart

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Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc)

Performance

FRNH.DE Performance Chart

Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) (FRNH.DE) is up 1.4% since the beginning of the year. FRNH.DE is currently trading at €56 per share. Investors who bought €1,000 worth of FRNH.DE shares 5 years ago would now be looking at an investment worth €1,125.

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S&P 500 Index

Returns By Period

Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) (FRNH.DE) has returned 1.35% so far this year and 2.90% over the past 12 months. Over the last ten years, FRNH.DE has returned 1.21% per year, falling short of the S&P 500 Index benchmark, which averaged 13.23% annually.

Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc)

1D
0.02%
1M
0.27%
6M
1.33%
YTD
1.35%
1Y
2.90%
3Y*
3.76%
5Y*
2.38%
10Y*
1.21%

Benchmark (S&P 500 Index)

1D
-0.43%
1M
0.48%
6M
11.83%
YTD
12.30%
1Y
22.52%
3Y*
17.03%
5Y*
12.27%
10Y*
13.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FRNH.DE Monthly Returns History

Based on dividend-adjusted daily data since Apr 26, 2016, FRNH.DE's average daily return is 0.00%, while the average monthly return is +0.10%. At this rate, an investment would double in approximately 57.8 years.

Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +5.7%, while the worst month was Mar 2020 at -7.7%. The longest winning streak lasted 19 consecutive months, and the longest losing streak was 12 months.

On a daily basis, FRNH.DE closed higher 46% of trading days. The best single day was Mar 24, 2020 with a return of +3.7%, while the worst single day was Mar 12, 2020 at -3.3%.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.25%0.21%-0.25%0.52%0.30%0.23%0.07%1.35%
20250.22%0.35%0.02%-0.17%0.55%0.27%0.40%0.29%0.27%0.22%0.29%0.14%2.90%
20240.58%0.68%0.36%0.34%0.34%0.38%0.25%0.45%0.36%0.24%0.56%0.33%4.99%
20230.67%0.38%-0.54%0.75%0.56%0.52%0.51%-0.02%0.35%0.20%0.37%0.51%4.33%
2022-0.06%-0.06%-0.46%-0.04%-0.36%-0.51%-0.06%0.04%0.29%-0.20%0.10%0.49%-0.84%
20210.18%-0.06%-0.08%-0.12%0.12%-0.10%0.04%-0.14%-0.06%-0.16%-0.14%-0.12%-0.64%

Benchmark Metrics

Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) has an annualized alpha of 0.98%, beta of 0.02, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since April 26, 2016.

  • This ETF participated in 6.92% of S&P 500 Index downside but only 6.37% of its upside - more exposed to losses than it benefited from rallies.
  • Beta of 0.02 may look defensive, but with R2 of 0.02 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
  • R2 of 0.02 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
Alpha
0.98%
Beta
0.02
R²
0.02
Upside Capture
6.37%
Downside Capture
6.92%
See how alpha, beta & R² have trended over time →

Expense Ratio

FRNH.DE has an expense ratio of 0.20%, which is considered low.

Return for Risk

Risk / Return Rank

FRNH.DE ranks 97 for risk / return — in the top 97% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

FRNH.DE Risk / Return Rank: 9797
Overall Rank
FRNH.DE Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
FRNH.DE Sortino Ratio Rank: 9696
Sortino Ratio Rank
FRNH.DE Omega Ratio Rank: 9797
Omega Ratio Rank
FRNH.DE Calmar Ratio Rank: 9797
Calmar Ratio Rank
FRNH.DE Martin Ratio Rank: 9898
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) (FRNH.DE) and compare them to S&P 500 Index.

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.

FRNH.DEBenchmarkDifference
Sharpe ratioReturn per unit of total volatility
3.21
1.91

+1.30

Sortino ratioReturn per unit of downside risk
4.81
2.49

+2.33

Omega ratioGain probability vs. loss probability

1.90

1.35

+0.54

Calmar ratioReturn relative to maximum drawdown

8.08

3.18

+4.89

Martin ratioReturn relative to average drawdown

39.13

11.76

+27.37

Dividends

Dividend History

Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) was 15.25%, occurring on Mar 19, 2020. Recovery took 838 trading sessions.

Related event

Drawdown

Fall

Recovery

Underwater

COVID crash2020
-15.25%Mar 2020
2y 12mo3y 3mo
6y 3moMar 2017 - Jul 2023
2025 selloff2025
-1.39%Apr 2025
11d1mo 6d
1mo 17dMar 2025 - May 2025
2024 pullback2024
-0.83%Aug 2024
3d15d
18dAug 2024 - Aug 2024
2023 pullback2023
-0.53%Jul 2023
0s28d
28dJul 2023 - Aug 2023
2024 pullback2024
-0.51%May 2024
4d2d
6dMay 2024 - May 2024

Drawdown Indicators

FRNH.DEBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-15.25%

-51.62%

+36.37%

Max Drawdown (1Y)

Largest decline over 1 year

-0.36%

-7.57%

+7.21%

Max Drawdown (3Y)

Largest decline over 3 years

-1.39%

-23.99%

+22.60%

Max Drawdown (5Y)

Largest decline over 5 years

-3.19%

-23.99%

+20.80%

Max Drawdown (10Y)

Largest decline over 10 years

-15.25%

-33.42%

+18.17%

Current Drawdown

Current decline from peak

0.00%

-0.43%

+0.43%

Average Drawdown

Average peak-to-trough decline

-0.87%

-9.08%

+8.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.07%

2.04%

-1.97%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Portfolio Analyzer

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