ASRY.DE vs. FRNH.DE
ASRY.DE (BNP Paribas Easy MSCI World Min TE UCITS ETF EUR Acc) and FRNH.DE (Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc)) are both exchange-traded funds - ASRY.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, ASRY.DE returned 23.64% vs 2.88% for FRNH.DE. At a 0.14 correlation, their price movements are largely independent. ASRY.DE charges 0.16%/yr vs 0.20%/yr for FRNH.DE.
Performance
ASRY.DE vs. FRNH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ASRY.DE achieves a 12.79% return, which is significantly higher than FRNH.DE's 1.45% return.
ASRY.DE
- 1D
- 0.00%
- 1M
- 1.60%
- 6M
- 11.21%
- YTD
- 12.79%
- 1Y
- 23.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FRNH.DE
- 1D
- -0.02%
- 1M
- 0.27%
- 6M
- 1.36%
- YTD
- 1.45%
- 1Y
- 2.88%
- 3Y*
- 3.81%
- 5Y*
- 2.44%
- 10Y*
- 1.22%
ASRY.DE vs. FRNH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ASRY.DE BNP Paribas Easy MSCI World Min TE UCITS ETF EUR Acc | 12.79% | 7.32% | 25.18% | 8.29% |
FRNH.DE Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) | 1.45% | 2.90% | 4.99% | 1.38% |
Correlation
The correlation between ASRY.DE and FRNH.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2023 | 0.14 |
The correlation between ASRY.DE and FRNH.DE shifts across timeframes, from 0.14 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ASRY.DE vs. FRNH.DE — Risk / Return Rank
ASRY.DE
FRNH.DE
ASRY.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 EUR Acc (ASRY.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.
| ASRY.DE | FRNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.88 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 8.02 | -4.50 |
| Martin ratioReturn relative to average drawdown | 14.05 | 38.83 | -24.78 |
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Drawdowns
ASRY.DE vs. FRNH.DE - Drawdown Comparison
The maximum ASRY.DE drawdown since its inception was -21.60%, which is greater than FRNH.DE's maximum drawdown of -15.25%. Use the drawdown chart below to compare losses from any high point for ASRY.DE and FRNH.DE.
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Drawdown Indicators
| ASRY.DE | FRNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.60% | -15.25% | -6.35% |
Max Drawdown (1Y)Largest decline over 1 year | -6.75% | -0.36% | -6.39% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.39% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -3.17% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.25% | — |
Current DrawdownCurrent decline from peak | -0.18% | -0.02% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -2.55% | -0.87% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 0.07% | +1.62% |
Volatility
ASRY.DE vs. FRNH.DE - Volatility Comparison
BNP Paribas Easy MSCI World Min TE UCITS ETF EUR Acc (ASRY.DE) has a higher volatility of 2.45% compared to Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) (FRNH.DE) at 0.11%. This indicates that ASRY.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
| ASRY.DE | FRNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.45% | 0.11% | +2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 8.30% | 0.53% | +7.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.64% | 0.90% | +10.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.46% | 2.42% | +11.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.46% | 3.36% | +10.10% |
ASRY.DE vs. FRNH.DE - Expense Ratio Comparison
ASRY.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
ASRY.DE vs. FRNH.DE - Dividend Comparison
Neither ASRY.DE nor FRNH.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRY.DE and FRNH.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASRY.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRY.DE is cheaper with a 0.16% expense ratio, compared with 0.20% for FRNH.DE.
ASRY.DE is categorized as ESG, while FRNH.DE is Corporate Bonds. ASRY.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 ASRY.DE and 0.20% for FRNH.DE.
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