FRNE.DE vs. CBU0.DE
FRNE.DE (Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF) and CBU0.DE (iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc) are both Corporate Bonds funds - FRNE.DE tracks the iBoxx MSCI ESG EUR FRN Investment Grade Corporates TCA Index while CBU0.DE tracks the iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged). Both are passively managed. Over the past 3 years, FRNE.DE returned 3.51%/yr vs 3.94%/yr for CBU0.DE. At a 0.01 correlation, their price movements are largely independent. FRNE.DE charges 0.18%/yr vs 0.25%/yr for CBU0.DE.
Performance
FRNE.DE vs. CBU0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FRNE.DE achieves a 1.04% return, which is significantly higher than CBU0.DE's -0.89% return.
FRNE.DE
- 1D
- 0.04%
- 1M
- 0.40%
- YTD
- 1.04%
- 6M
- 1.14%
- 1Y
- 2.67%
- 3Y*
- 3.51%
- 5Y*
- —
- 10Y*
- —
CBU0.DE
- 1D
- 0.17%
- 1M
- 0.91%
- YTD
- -0.89%
- 6M
- -0.71%
- 1Y
- 2.45%
- 3Y*
- 3.94%
- 5Y*
- —
- 10Y*
- —
FRNE.DE vs. CBU0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FRNE.DE Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF | 1.04% | 2.63% | 4.47% | 3.11% |
CBU0.DE iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc | -0.89% | 4.58% | -0.25% | 5.06% |
Correlation
The correlation between FRNE.DE and CBU0.DE is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2023 | 0.01 |
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Return for Risk
FRNE.DE vs. CBU0.DE — Risk / Return Rank
FRNE.DE
CBU0.DE
FRNE.DE vs. CBU0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF (FRNE.DE) and iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc (CBU0.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.
| FRNE.DE | CBU0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.75 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.09 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 8.32 | 0.58 | +7.74 |
| Martin ratioReturn relative to average drawdown | 44.27 | 1.62 | +42.66 |
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
| FRNE.DE | CBU0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.35 | 0.48 | +1.87 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.00 | 0.45 | +1.55 |
Drawdowns
FRNE.DE vs. CBU0.DE - Drawdown Comparison
The maximum FRNE.DE drawdown since its inception was -1.23%, smaller than the maximum CBU0.DE drawdown of -6.02%. Use the drawdown chart below to compare losses from any high point for FRNE.DE and CBU0.DE.
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Drawdown Indicators
| FRNE.DE | CBU0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.23% | -6.02% | +4.79% |
Max Drawdown (1Y)Largest decline over 1 year | -0.32% | -4.20% | +3.88% |
Max Drawdown (3Y)Largest decline over 3 years | -0.51% | -4.20% | +3.69% |
Current DrawdownCurrent decline from peak | 0.00% | -2.03% | +2.03% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -1.65% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 1.52% | -1.46% |
Volatility
FRNE.DE vs. CBU0.DE - Volatility Comparison
The current volatility for Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF (FRNE.DE) is 0.29%, while iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc (CBU0.DE) has a volatility of 2.00%. This indicates that FRNE.DE experiences smaller price fluctuations and is considered to be less risky than CBU0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRNE.DE | CBU0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.29% | 2.00% | -1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 0.89% | 4.39% | -3.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.13% | 5.11% | -3.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.17% | 5.81% | -4.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.17% | 5.81% | -4.64% |
FRNE.DE vs. CBU0.DE - Expense Ratio Comparison
FRNE.DE has a 0.18% expense ratio, which is lower than CBU0.DE's 0.25% 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
FRNE.DE vs. CBU0.DE - Dividend Comparison
Neither FRNE.DE nor CBU0.DE has paid dividends to shareholders.
Frequently Asked Questions
FRNE.DE and CBU0.DE have a correlation of 0.00, 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 0.25% for CBU0.DE.
FRNE.DE tracks iBoxx MSCI ESG EUR FRN Investment Grade Corporates TCA Index, while CBU0.DE tracks iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.18% for FRNE.DE and 0.25% for CBU0.DE.
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