ASRW.DE vs. FRNH.DE
ASRW.DE (BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc) and FRNH.DE (Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc)) are both exchange-traded funds - ASRW.DE is a ESG fund tracking the MSCI World Select Filtered Min TE Index, while FRNH.DE is a Corporate Bonds fund tracking the iBoxx MSCI ESG USD FRN Investment Grade Corporates Index (EUR Hedged). Both are passively managed. Over the past year, ASRW.DE returned 22.06% vs 1.73% for FRNH.DE. At a 0.26 correlation, their price movements are largely independent. ASRW.DE charges 0.16%/yr vs 0.20%/yr for FRNH.DE.
Performance
ASRW.DE vs. FRNH.DE - Performance Comparison
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Different Trading Currencies
ASRW.DE is traded in USD, while FRNH.DE is traded in EUR. To make them comparable, the FRNH.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ASRW.DE achieves a 9.92% return, which is significantly higher than FRNH.DE's -0.92% return.
ASRW.DE
- 1D
- 0.15%
- 1M
- 0.33%
- 6M
- 9.28%
- YTD
- 9.92%
- 1Y
- 22.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FRNH.DE
- 1D
- 0.44%
- 1M
- -0.74%
- 6M
- -0.14%
- YTD
- -0.92%
- 1Y
- 1.73%
- 3Y*
- 4.57%
- 5Y*
- 1.86%
- 10Y*
- 1.62%
ASRW.DE vs. FRNH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ASRW.DE BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc | 9.92% | 20.73% | 10.39% |
FRNH.DE Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) | -0.92% | 16.17% | -0.98% |
Correlation
The correlation between ASRW.DE and FRNH.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since May 30, 2024 | 0.26 |
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Return for Risk
ASRW.DE vs. FRNH.DE — Risk / Return Rank
ASRW.DE
FRNH.DE
ASRW.DE vs. FRNH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc (ASRW.DE) and Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) (FRNH.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.
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.
| ASRW.DE | FRNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.05 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 0.34 | +2.23 |
| Martin ratioReturn relative to average drawdown | 10.55 | 0.75 | +9.80 |
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Drawdowns
ASRW.DE vs. FRNH.DE - Drawdown Comparison
The maximum ASRW.DE drawdown since its inception was -16.82%, smaller than the maximum FRNH.DE drawdown of -27.49%. Use the drawdown chart below to compare losses from any high point for ASRW.DE and FRNH.DE.
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Drawdown Indicators
| ASRW.DE | FRNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.82% | -27.49% | +10.67% |
Max Drawdown (1Y)Largest decline over 1 year | -8.56% | -5.10% | -3.46% |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.57% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.49% | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.50% | +3.50% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -8.42% | +6.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 2.29% | -0.20% |
Volatility
ASRW.DE vs. FRNH.DE - Volatility Comparison
BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc (ASRW.DE) has a higher volatility of 2.73% compared to Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) (FRNH.DE) at 1.58%. This indicates that ASRW.DE's price experiences larger fluctuations and is considered to be riskier than FRNH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASRW.DE | FRNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 1.58% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 4.66% | +5.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.49% | 6.37% | +6.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.34% | 8.03% | +6.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.34% | 8.15% | +6.19% |
ASRW.DE vs. FRNH.DE - Expense Ratio Comparison
ASRW.DE has a 0.16% expense ratio, which is lower than FRNH.DE's 0.20% 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
ASRW.DE vs. FRNH.DE - Dividend Comparison
Neither ASRW.DE nor FRNH.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRW.DE and FRNH.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASRW.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRW.DE is cheaper with a 0.16% expense ratio, compared with 0.20% for FRNH.DE.
ASRW.DE is categorized as ESG, while FRNH.DE is Corporate Bonds. ASRW.DE tracks MSCI World Select Filtered Min TE Index, while FRNH.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates Index (EUR Hedged). They also come from different issuers: BNP Paribas and Amundi. Their fees differ too: 0.16% for ASRW.DE and 0.20% for FRNH.DE.
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