FRNH.DE vs. CBUP.DE
FRNH.DE (Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc)) and CBUP.DE (iShares € Green Bond UCITS ETF EUR (Acc)) are both Corporate Bonds funds - FRNH.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates Index (EUR Hedged) while CBUP.DE tracks the Bloomberg MSCI Euro Green Bond SRI (including Nuclear Power) Index. Both are passively managed. Over the past 3 years, FRNH.DE returned 3.73%/yr vs 2.62%/yr for CBUP.DE. At a 0.00 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
FRNH.DE vs. CBUP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FRNH.DE achieves a 1.44% return, which is significantly higher than CBUP.DE's -0.06% return.
FRNH.DE
- 1D
- -0.04%
- 1M
- 0.23%
- 6M
- 1.24%
- YTD
- 1.44%
- 1Y
- 2.84%
- 3Y*
- 3.73%
- 5Y*
- 2.43%
- 10Y*
- 1.22%
CBUP.DE
- 1D
- 0.12%
- 1M
- -0.96%
- 6M
- -0.41%
- YTD
- -0.06%
- 1Y
- 0.60%
- 3Y*
- 2.62%
- 5Y*
- —
- 10Y*
- —
FRNH.DE vs. CBUP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FRNH.DE Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) | 1.44% | 2.90% | 4.99% | 4.33% | 0.73% |
CBUP.DE iShares € Green Bond UCITS ETF EUR (Acc) | -0.06% | 0.99% | 2.05% | 7.83% | -11.21% |
Correlation
The correlation between FRNH.DE and CBUP.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2022 | 0.00 |
The correlation between FRNH.DE and CBUP.DE shifts across timeframes, from 0.00 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FRNH.DE vs. CBUP.DE — Risk / Return Rank
FRNH.DE
CBUP.DE
FRNH.DE vs. CBUP.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 iShares € Green Bond UCITS ETF EUR (Acc) (CBUP.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 | CBUP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.99 | ||
| Sortino ratioReturn per unit of downside risk | +4.47 | ||
| Omega ratioGain probability vs. loss probability | 1.86 | 1.03 | +0.83 |
| Calmar ratioReturn relative to maximum drawdown | 7.91 | 0.19 | +7.73 |
| Martin ratioReturn relative to average drawdown | 38.31 | 0.48 | +37.84 |
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Drawdowns
FRNH.DE vs. CBUP.DE - Drawdown Comparison
The maximum FRNH.DE drawdown since its inception was -15.25%, which is greater than CBUP.DE's maximum drawdown of -12.62%. Use the drawdown chart below to compare losses from any high point for FRNH.DE and CBUP.DE.
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Drawdown Indicators
| FRNH.DE | CBUP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.25% | -12.62% | -2.63% |
Max Drawdown (1Y)Largest decline over 1 year | -0.36% | -3.19% | +2.83% |
Max Drawdown (3Y)Largest decline over 3 years | -1.39% | -3.58% | +2.19% |
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 | -0.04% | -1.90% | +1.86% |
Average DrawdownAverage peak-to-trough decline | -0.87% | -5.07% | +4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 1.26% | -1.19% |
Volatility
FRNH.DE vs. CBUP.DE - Volatility Comparison
The current volatility for Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) (FRNH.DE) is 0.12%, while iShares € Green Bond UCITS ETF EUR (Acc) (CBUP.DE) has a volatility of 1.24%. This indicates that FRNH.DE experiences smaller price fluctuations and is considered to be less risky than CBUP.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 | CBUP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.12% | 1.24% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 0.52% | 3.66% | -3.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.90% | 4.18% | -3.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.42% | 5.87% | -3.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.36% | 5.87% | -2.51% |
FRNH.DE vs. CBUP.DE - Expense Ratio Comparison
Both FRNH.DE and CBUP.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
FRNH.DE vs. CBUP.DE - Dividend Comparison
Neither FRNH.DE nor CBUP.DE has paid dividends to shareholders.
Frequently Asked Questions
FRNH.DE and CBUP.DE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FRNH.DE and CBUP.DE have the same expense ratio: 0.20% per year.
FRNH.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates Index (EUR Hedged), while CBUP.DE tracks Bloomberg MSCI Euro Green Bond SRI (including Nuclear Power) Index. They also come from different issuers: Amundi and iShares.
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