FRNH.DE vs. 18MK.DE
FRNH.DE (Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc)) and 18MK.DE (Amundi MSCI India UCITS ETF EUR) are both exchange-traded funds - FRNH.DE is a Corporate Bonds fund tracking the iBoxx MSCI ESG USD FRN Investment Grade Corporates Index (EUR Hedged), while 18MK.DE is a India Equities fund tracking the MSCI India. Both are passively managed. Over the past 10 years, FRNH.DE returned 1.21%/yr vs 6.60%/yr for 18MK.DE. At a 0.07 correlation, their price movements are largely independent. FRNH.DE charges 0.20%/yr vs 0.80%/yr for 18MK.DE.
Performance
FRNH.DE vs. 18MK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FRNH.DE achieves a 1.35% return, which is significantly higher than 18MK.DE's -6.22% return. Over the past 10 years, FRNH.DE has underperformed 18MK.DE with an annualized return of 1.21%, while 18MK.DE has yielded a comparatively higher 6.60% annualized return.
FRNH.DE
- 1D
- 0.02%
- 1M
- 0.27%
- 6M
- 1.33%
- YTD
- 1.35%
- 1Y
- 2.90%
- 3Y*
- 3.76%
- 5Y*
- 2.38%
- 10Y*
- 1.21%
18MK.DE
- 1D
- 0.48%
- 1M
- 6.78%
- 6M
- -8.01%
- YTD
- -6.22%
- 1Y
- -10.46%
- 3Y*
- 2.65%
- 5Y*
- 4.71%
- 10Y*
- 6.60%
FRNH.DE vs. 18MK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRNH.DE Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) | 1.35% | 2.90% | 4.99% | 4.33% | -0.84% | -0.64% | -0.04% | 2.05% | -2.60% | 0.20% |
18MK.DE Amundi MSCI India UCITS ETF EUR | -6.22% | -10.32% | 16.35% | 14.11% | -2.28% | 33.62% | 2.72% | 9.58% | -4.91% | 20.20% |
Correlation
The correlation between FRNH.DE and 18MK.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2016 | 0.07 |
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Return for Risk
FRNH.DE vs. 18MK.DE — Risk / Return Rank
FRNH.DE
18MK.DE
FRNH.DE vs. 18MK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) (FRNH.DE) and Amundi MSCI India UCITS ETF EUR (18MK.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.
| FRNH.DE | 18MK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.83 | ||
| Sortino ratioReturn per unit of downside risk | +5.63 | ||
| Omega ratioGain probability vs. loss probability | 1.90 | 0.91 | +0.99 |
| Calmar ratioReturn relative to maximum drawdown | 8.08 | -0.54 | +8.62 |
| Martin ratioReturn relative to average drawdown | 39.13 | -1.13 | +40.26 |
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Drawdowns
FRNH.DE vs. 18MK.DE - Drawdown Comparison
The maximum FRNH.DE drawdown since its inception was -15.25%, smaller than the maximum 18MK.DE drawdown of -42.41%. Use the drawdown chart below to compare losses from any high point for FRNH.DE and 18MK.DE.
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Drawdown Indicators
| FRNH.DE | 18MK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.25% | -42.41% | +27.16% |
Max Drawdown (1Y)Largest decline over 1 year | -0.36% | -19.28% | +18.92% |
Max Drawdown (3Y)Largest decline over 3 years | -1.39% | -29.72% | +28.33% |
Max Drawdown (5Y)Largest decline over 5 years | -3.19% | -29.72% | +26.53% |
Max Drawdown (10Y)Largest decline over 10 years | -15.25% | -41.56% | +26.31% |
Current DrawdownCurrent decline from peak | 0.00% | -22.25% | +22.25% |
Average DrawdownAverage peak-to-trough decline | -0.87% | -12.08% | +11.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 9.27% | -9.20% |
Volatility
FRNH.DE vs. 18MK.DE - Volatility Comparison
The current volatility for Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) (FRNH.DE) is 0.10%, while Amundi MSCI India UCITS ETF EUR (18MK.DE) has a volatility of 4.51%. This indicates that FRNH.DE experiences smaller price fluctuations and is considered to be less risky than 18MK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRNH.DE | 18MK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 4.51% | -4.41% |
Volatility (6M)Calculated over the trailing 6-month period | 0.71% | 14.10% | -13.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.90% | 16.79% | -15.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.42% | 16.68% | -14.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.36% | 20.29% | -16.93% |
FRNH.DE vs. 18MK.DE - Expense Ratio Comparison
FRNH.DE has a 0.20% expense ratio, which is lower than 18MK.DE's 0.80% expense ratio.
Dividends
FRNH.DE vs. 18MK.DE - Dividend Comparison
Neither FRNH.DE nor 18MK.DE has paid dividends to shareholders.
Frequently Asked Questions
FRNH.DE and 18MK.DE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FRNH.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FRNH.DE is cheaper with a 0.20% expense ratio, compared with 0.80% for 18MK.DE.
FRNH.DE is categorized as Corporate Bonds, while 18MK.DE is India Equities. FRNH.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates Index (EUR Hedged), while 18MK.DE tracks MSCI India. Their fees differ too: 0.20% for FRNH.DE and 0.80% for 18MK.DE.
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