FRNH.DE vs. QDVY.DE
FRNH.DE (Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc)) and QDVY.DE (iShares USD Floating Rate Bond UCITS ETF) are both Corporate Bonds funds - FRNH.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates Index (EUR Hedged) while QDVY.DE tracks the Bloomberg US Floating Rate Notes 1-5. Both are passively managed. Over the past 5 years, FRNH.DE returned 2.38%/yr vs 5.09%/yr for QDVY.DE. At a 0.01 correlation, their price movements are largely independent. FRNH.DE charges 0.20%/yr vs 0.10%/yr for QDVY.DE.
Performance
FRNH.DE vs. QDVY.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 lower than QDVY.DE's 5.04% 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%
QDVY.DE
- 1D
- 0.23%
- 1M
- 1.85%
- 6M
- 4.80%
- YTD
- 5.04%
- 1Y
- 7.69%
- 3Y*
- 3.93%
- 5Y*
- 5.09%
- 10Y*
- —
FRNH.DE vs. QDVY.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% | -0.08% |
QDVY.DE iShares USD Floating Rate Bond UCITS ETF | 5.04% | -6.57% | 12.71% | 2.90% | 7.46% | 9.00% | -8.10% | 6.74% | 5.86% | -15.81% |
Correlation
The correlation between FRNH.DE and QDVY.DE is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.01 |
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Return for Risk
FRNH.DE vs. QDVY.DE — Risk / Return Rank
FRNH.DE
QDVY.DE
FRNH.DE vs. QDVY.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 USD Floating Rate Bond UCITS ETF (QDVY.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 | QDVY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +2.95 | ||
| Omega ratioGain probability vs. loss probability | 1.90 | 1.23 | +0.67 |
| Calmar ratioReturn relative to maximum drawdown | 8.08 | 2.38 | +5.69 |
| Martin ratioReturn relative to average drawdown | 39.13 | 5.76 | +33.37 |
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Drawdowns
FRNH.DE vs. QDVY.DE - Drawdown Comparison
The maximum FRNH.DE drawdown since its inception was -15.25%, smaller than the maximum QDVY.DE drawdown of -19.19%. Use the drawdown chart below to compare losses from any high point for FRNH.DE and QDVY.DE.
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Drawdown Indicators
| FRNH.DE | QDVY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.25% | -19.19% | +3.94% |
Max Drawdown (1Y)Largest decline over 1 year | -0.36% | -3.21% | +2.85% |
Max Drawdown (3Y)Largest decline over 3 years | -1.39% | -11.29% | +9.90% |
Max Drawdown (5Y)Largest decline over 5 years | -3.19% | -11.29% | +8.10% |
Max Drawdown (10Y)Largest decline over 10 years | -15.25% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.24% | +4.24% |
Average DrawdownAverage peak-to-trough decline | -0.87% | -7.36% | +6.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 1.33% | -1.26% |
Volatility
FRNH.DE vs. QDVY.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 iShares USD Floating Rate Bond UCITS ETF (QDVY.DE) has a volatility of 1.97%. This indicates that FRNH.DE experiences smaller price fluctuations and is considered to be less risky than QDVY.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 | QDVY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 1.97% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 0.71% | 4.37% | -3.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.90% | 6.11% | -5.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.42% | 7.84% | -5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.36% | 9.02% | -5.66% |
FRNH.DE vs. QDVY.DE - Expense Ratio Comparison
FRNH.DE has a 0.20% expense ratio, which is higher than QDVY.DE's 0.10% 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
FRNH.DE vs. QDVY.DE - Dividend Comparison
FRNH.DE has not paid dividends to shareholders, while QDVY.DE's dividend yield for the trailing twelve months is around 4.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FRNH.DE Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QDVY.DE iShares USD Floating Rate Bond UCITS ETF | 4.61% | 5.18% | 5.89% | 5.61% | 1.50% | 0.57% | 1.75% | 2.94% | 2.20% | 0.47% |
Frequently Asked Questions
FRNH.DE and QDVY.DE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVY.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for FRNH.DE.
FRNH.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates Index (EUR Hedged), while QDVY.DE tracks Bloomberg US Floating Rate Notes 1-5. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.20% for FRNH.DE and 0.10% for QDVY.DE.
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