36BA.DE vs. FRNU.DE
36BA.DE (iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist)) and FRNU.DE (Amundi Floating Rate USD Corporate ESG UCITS ETF USD) are both Corporate Bonds funds - 36BA.DE tracks the Bloomberg MSCI US Corporate Sustainable SRI Index (EUR Hedged) while FRNU.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates. Both are passively managed. Over the past 5 years, 36BA.DE returned -1.61%/yr vs 5.15%/yr for FRNU.DE. At a correlation of -0.28, they often move in opposite directions. 36BA.DE charges 0.17%/yr vs 0.18%/yr for FRNU.DE.
Performance
36BA.DE vs. FRNU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36BA.DE achieves a -0.71% return, which is significantly lower than FRNU.DE's 3.11% return.
36BA.DE
- 1D
- 0.27%
- 1M
- 0.18%
- YTD
- -0.71%
- 6M
- -0.48%
- 1Y
- 2.78%
- 3Y*
- 2.93%
- 5Y*
- -1.61%
- 10Y*
- —
FRNU.DE
- 1D
- -0.07%
- 1M
- 1.11%
- YTD
- 3.11%
- 6M
- 2.57%
- 1Y
- 3.36%
- 3Y*
- 2.89%
- 5Y*
- 5.15%
- 10Y*
- 2.93%
36BA.DE vs. FRNU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
36BA.DE iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) | -0.71% | 5.40% | 0.20% | 5.45% | -17.07% | -2.51% | 7.23% |
FRNU.DE Amundi Floating Rate USD Corporate ESG UCITS ETF USD | 3.11% | -6.55% | 12.73% | 2.79% | 7.34% | 8.64% | -9.73% |
Correlation
The correlation between 36BA.DE and FRNU.DE is -0.36, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.32 |
Correlation (All Time) Calculated using the full available price history since May 15, 2020 | -0.28 |
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Return for Risk
36BA.DE vs. FRNU.DE — Risk / Return Rank
36BA.DE
FRNU.DE
36BA.DE vs. FRNU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) (36BA.DE) and Amundi Floating Rate USD Corporate ESG UCITS ETF USD (FRNU.DE). 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.
| 36BA.DE | FRNU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.10 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.03 | -0.11 |
| Martin ratioReturn relative to average drawdown | 2.43 | 2.13 | +0.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 36BA.DE | FRNU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 0.55 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.67 | -0.90 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.32 | -0.42 |
Drawdowns
36BA.DE vs. FRNU.DE - Drawdown Comparison
The maximum 36BA.DE drawdown since its inception was -23.68%, which is greater than FRNU.DE's maximum drawdown of -14.79%. Use the drawdown chart below to compare losses from any high point for 36BA.DE and FRNU.DE.
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Drawdown Indicators
| 36BA.DE | FRNU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.68% | -14.79% | -8.89% |
Max Drawdown (1Y)Largest decline over 1 year | -3.02% | -3.25% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -6.31% | -11.40% | +5.09% |
Max Drawdown (5Y)Largest decline over 5 years | -23.18% | -11.40% | -11.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.79% | — |
Current DrawdownCurrent decline from peak | -10.87% | -6.01% | -4.86% |
Average DrawdownAverage peak-to-trough decline | -11.35% | -5.47% | -5.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.58% | -0.44% |
Volatility
36BA.DE vs. FRNU.DE - Volatility Comparison
iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) (36BA.DE) has a higher volatility of 1.83% compared to Amundi Floating Rate USD Corporate ESG UCITS ETF USD (FRNU.DE) at 1.33%. This indicates that 36BA.DE's price experiences larger fluctuations and is considered to be riskier than FRNU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36BA.DE | FRNU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 1.33% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 4.19% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.67% | 6.12% | -1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.09% | 7.60% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.86% | 7.50% | -0.64% |
36BA.DE vs. FRNU.DE - Expense Ratio Comparison
36BA.DE has a 0.17% expense ratio, which is lower than FRNU.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
36BA.DE vs. FRNU.DE - Dividend Comparison
36BA.DE's dividend yield for the trailing twelve months is around 4.95%, while FRNU.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
36BA.DE iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) | 4.95% | 4.73% | 4.75% | 4.15% | 2.94% | 1.76% | 0.87% |
FRNU.DE Amundi Floating Rate USD Corporate ESG UCITS ETF USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
36BA.DE and FRNU.DE have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 36BA.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36BA.DE is cheaper with a 0.17% expense ratio, compared with 0.18% for FRNU.DE.
36BA.DE tracks Bloomberg MSCI US Corporate Sustainable SRI Index (EUR Hedged), while FRNU.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.17% for 36BA.DE and 0.18% for FRNU.DE.
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