36BE.DE vs. FRNU.DE
36BE.DE (iShares USD Corporate Bond ESG UCITS ETF Dist) and FRNU.DE (Amundi Floating Rate USD Corporate ESG UCITS ETF USD) are both Corporate Bonds funds - 36BE.DE tracks the Bloomberg MSCI US Corporate Sustainable SRI while FRNU.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates. Both are passively managed. Over the past 5 years, 36BE.DE returned 1.56%/yr vs 5.15%/yr for FRNU.DE. A 0.61 correlation means they provide meaningful diversification when combined. 36BE.DE charges 0.15%/yr vs 0.18%/yr for FRNU.DE.
Performance
36BE.DE vs. FRNU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36BE.DE achieves a 1.37% return, which is significantly lower than FRNU.DE's 3.11% return.
36BE.DE
- 1D
- 0.13%
- 1M
- 1.12%
- YTD
- 1.37%
- 6M
- 0.75%
- 1Y
- 3.56%
- 3Y*
- 2.22%
- 5Y*
- 1.56%
- 10Y*
- —
FRNU.DE
- 1D
- -0.07%
- 1M
- 1.57%
- YTD
- 3.11%
- 6M
- 2.36%
- 1Y
- 3.47%
- 3Y*
- 2.89%
- 5Y*
- 5.15%
- 10Y*
- 2.93%
36BE.DE vs. FRNU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
36BE.DE iShares USD Corporate Bond ESG UCITS ETF Dist | 1.37% | -4.25% | 7.93% | 4.49% | -9.70% | 7.28% | -3.86% |
FRNU.DE Amundi Floating Rate USD Corporate ESG UCITS ETF USD | 3.11% | -6.55% | 12.73% | 2.79% | 7.34% | 8.64% | -6.71% |
Correlation
The correlation between 36BE.DE and FRNU.DE is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | 0.61 |
The correlation between 36BE.DE and FRNU.DE shifts across timeframes, from 0.58 (5 years) to 0.69 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
36BE.DE vs. FRNU.DE — Risk / Return Rank
36BE.DE
FRNU.DE
36BE.DE vs. FRNU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond ESG UCITS ETF Dist (36BE.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.
| 36BE.DE | FRNU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| 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 | 0.97 | 1.03 | -0.06 |
| Martin ratioReturn relative to average drawdown | 2.49 | 2.13 | +0.36 |
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
| 36BE.DE | FRNU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 0.55 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.67 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.32 | -0.28 |
Drawdowns
36BE.DE vs. FRNU.DE - Drawdown Comparison
The maximum 36BE.DE drawdown since its inception was -12.76%, smaller than the maximum FRNU.DE drawdown of -14.79%. Use the drawdown chart below to compare losses from any high point for 36BE.DE and FRNU.DE.
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Drawdown Indicators
| 36BE.DE | FRNU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.76% | -14.79% | +2.03% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -3.25% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -11.21% | -11.40% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -12.76% | -11.40% | -1.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.79% | — |
Current DrawdownCurrent decline from peak | -5.56% | -6.01% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -5.98% | -5.47% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 1.58% | -0.29% |
Volatility
36BE.DE vs. FRNU.DE - Volatility Comparison
The current volatility for iShares USD Corporate Bond ESG UCITS ETF Dist (36BE.DE) is 0.99%, while Amundi Floating Rate USD Corporate ESG UCITS ETF USD (FRNU.DE) has a volatility of 1.33%. This indicates that 36BE.DE experiences smaller price fluctuations and is considered to be less risky 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
| 36BE.DE | FRNU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.33% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.90% | 4.19% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.65% | 6.12% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.11% | 7.60% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.79% | 7.50% | +1.29% |
36BE.DE vs. FRNU.DE - Expense Ratio Comparison
36BE.DE has a 0.15% 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
36BE.DE vs. FRNU.DE - Dividend Comparison
36BE.DE's dividend yield for the trailing twelve months is around 4.92%, while FRNU.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
36BE.DE iShares USD Corporate Bond ESG UCITS ETF Dist | 4.92% | 4.92% | 4.68% | 4.24% | 2.85% | 2.47% | 1.43% |
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
36BE.DE and FRNU.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 36BE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36BE.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for FRNU.DE.
36BE.DE tracks Bloomberg MSCI US Corporate Sustainable SRI, 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: 0.15% for 36BE.DE and 0.18% for FRNU.DE.
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