CBUP.DE vs. FRNE.DE
CBUP.DE (iShares € Green Bond UCITS ETF EUR (Acc)) and FRNE.DE (Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF) are both Corporate Bonds funds - CBUP.DE tracks the Bloomberg MSCI Euro Green Bond SRI (including Nuclear Power) Index while FRNE.DE tracks the iBoxx MSCI ESG EUR FRN Investment Grade Corporates TCA Index. Both are passively managed. Over the past 3 years, CBUP.DE returned 3.28%/yr vs 3.52%/yr for FRNE.DE. At a 0.03 correlation, their price movements are largely independent. CBUP.DE charges 0.20%/yr vs 0.18%/yr for FRNE.DE.
Performance
CBUP.DE vs. FRNE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUP.DE achieves a 0.99% return, which is significantly lower than FRNE.DE's 1.22% return.
CBUP.DE
- 1D
- -0.02%
- 1M
- 0.81%
- 6M
- 1.26%
- YTD
- 0.99%
- 1Y
- 1.14%
- 3Y*
- 3.28%
- 5Y*
- —
- 10Y*
- —
FRNE.DE
- 1D
- -0.01%
- 1M
- 0.21%
- 6M
- 1.23%
- YTD
- 1.22%
- 1Y
- 2.46%
- 3Y*
- 3.52%
- 5Y*
- 2.21%
- 10Y*
- 1.05%
CBUP.DE vs. FRNE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CBUP.DE iShares € Green Bond UCITS ETF EUR (Acc) | 0.99% | 0.99% | 2.05% | 7.83% | -11.21% |
FRNE.DE Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF | 1.22% | 2.63% | 4.47% | 3.62% | 0.49% |
Correlation
The correlation between CBUP.DE and FRNE.DE is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2022 | 0.03 |
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Return for Risk
CBUP.DE vs. FRNE.DE — Risk / Return Rank
CBUP.DE
FRNE.DE
CBUP.DE vs. FRNE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Green Bond UCITS ETF EUR (Acc) (CBUP.DE) and Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF (FRNE.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.
| CBUP.DE | FRNE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.96 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.49 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 9.43 | -9.08 |
| Martin ratioReturn relative to average drawdown | 0.93 | 40.44 | -39.51 |
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Drawdowns
CBUP.DE vs. FRNE.DE - Drawdown Comparison
The maximum CBUP.DE drawdown since its inception was -12.62%, which is greater than FRNE.DE's maximum drawdown of -6.19%. Use the drawdown chart below to compare losses from any high point for CBUP.DE and FRNE.DE.
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Drawdown Indicators
| CBUP.DE | FRNE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.62% | -6.19% | -6.43% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -0.26% | -2.93% |
Max Drawdown (3Y)Largest decline over 3 years | -3.58% | -0.50% | -3.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.19% | — |
Current DrawdownCurrent decline from peak | -0.88% | -0.01% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -0.52% | -4.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 0.06% | +1.16% |
Volatility
CBUP.DE vs. FRNE.DE - Volatility Comparison
iShares € Green Bond UCITS ETF EUR (Acc) (CBUP.DE) has a higher volatility of 1.10% compared to Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF (FRNE.DE) at 0.20%. This indicates that CBUP.DE's price experiences larger fluctuations and is considered to be riskier than FRNE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBUP.DE | FRNE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 0.20% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 3.54% | 0.90% | +2.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 1.08% | +3.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.88% | 1.15% | +4.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.88% | 1.44% | +4.44% |
CBUP.DE vs. FRNE.DE - Expense Ratio Comparison
CBUP.DE has a 0.20% expense ratio, which is higher than FRNE.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CBUP.DE vs. FRNE.DE - Dividend Comparison
Neither CBUP.DE nor FRNE.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUP.DE and FRNE.DE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FRNE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FRNE.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for CBUP.DE.
CBUP.DE tracks Bloomberg MSCI Euro Green Bond SRI (including Nuclear Power) Index, while FRNE.DE tracks iBoxx MSCI ESG EUR FRN Investment Grade Corporates TCA Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for CBUP.DE and 0.18% for FRNE.DE.
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