FRNH.DE vs. SXRF.DE
FRNH.DE (Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc)) and SXRF.DE (iShares $ Intermediate Credit Bond UCITS ETF USD (Dist)) are both Corporate Bonds funds - FRNH.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates Index (EUR Hedged) while SXRF.DE tracks the Bloomberg US Intermediate Credit Index. Both are passively managed. Over the past 5 years, FRNH.DE returned 2.44%/yr vs 2.26%/yr for SXRF.DE. At a 0.00 correlation, their price movements are largely independent. FRNH.DE charges 0.20%/yr vs 0.15%/yr for SXRF.DE.
Performance
FRNH.DE vs. SXRF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FRNH.DE achieves a 1.45% return, which is significantly lower than SXRF.DE's 3.37% return.
FRNH.DE
- 1D
- -0.02%
- 1M
- 0.27%
- 6M
- 1.36%
- YTD
- 1.45%
- 1Y
- 2.88%
- 3Y*
- 3.81%
- 5Y*
- 2.44%
- 10Y*
- 1.22%
SXRF.DE
- 1D
- 0.24%
- 1M
- 1.19%
- 6M
- 2.17%
- YTD
- 3.37%
- 1Y
- 5.67%
- 3Y*
- 4.74%
- 5Y*
- 2.26%
- 10Y*
- —
FRNH.DE vs. SXRF.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) | 1.45% | 2.90% | 4.99% | 4.33% | -0.84% | -0.64% | -0.04% | 2.05% | -2.60% | -0.20% |
SXRF.DE iShares $ Intermediate Credit Bond UCITS ETF USD (Dist) | 3.37% | -4.30% | 10.07% | 2.89% | -3.43% | 7.01% | -2.85% | 12.53% | 4.12% | -8.27% |
Correlation
The correlation between FRNH.DE and SXRF.DE is -0.03, 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 | -0.03 |
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 May 10, 2017 | 0.00 |
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Return for Risk
FRNH.DE vs. SXRF.DE — Risk / Return Rank
FRNH.DE
SXRF.DE
FRNH.DE vs. SXRF.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 $ Intermediate Credit Bond UCITS ETF USD (Dist) (SXRF.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 | SXRF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +3.21 | ||
| Omega ratioGain probability vs. loss probability | 1.88 | 1.19 | +0.69 |
| Calmar ratioReturn relative to maximum drawdown | 8.02 | 1.78 | +6.24 |
| Martin ratioReturn relative to average drawdown | 38.83 | 4.68 | +34.15 |
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Drawdowns
FRNH.DE vs. SXRF.DE - Drawdown Comparison
The maximum FRNH.DE drawdown since its inception was -15.25%, smaller than the maximum SXRF.DE drawdown of -20.60%. Use the drawdown chart below to compare losses from any high point for FRNH.DE and SXRF.DE.
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Drawdown Indicators
| FRNH.DE | SXRF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.25% | -20.60% | +5.35% |
Max Drawdown (1Y)Largest decline over 1 year | -0.36% | -3.17% | +2.81% |
Max Drawdown (3Y)Largest decline over 3 years | -1.39% | -9.48% | +8.09% |
Max Drawdown (5Y)Largest decline over 5 years | -3.17% | -10.49% | +7.32% |
Max Drawdown (10Y)Largest decline over 10 years | -15.25% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -3.21% | +3.19% |
Average DrawdownAverage peak-to-trough decline | -0.87% | -6.47% | +5.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 1.21% | -1.14% |
Volatility
FRNH.DE vs. SXRF.DE - Volatility Comparison
The current volatility for Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) (FRNH.DE) is 0.11%, while iShares $ Intermediate Credit Bond UCITS ETF USD (Dist) (SXRF.DE) has a volatility of 1.60%. This indicates that FRNH.DE experiences smaller price fluctuations and is considered to be less risky than SXRF.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 | SXRF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.11% | 1.60% | -1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 0.53% | 3.68% | -3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.90% | 5.60% | -4.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.42% | 7.11% | -4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.36% | 9.04% | -5.68% |
FRNH.DE vs. SXRF.DE - Expense Ratio Comparison
FRNH.DE has a 0.20% expense ratio, which is higher than SXRF.DE's 0.15% 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. SXRF.DE - Dividend Comparison
FRNH.DE has not paid dividends to shareholders, while SXRF.DE's dividend yield for the trailing twelve months is around 5.45%.
| 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% |
SXRF.DE iShares $ Intermediate Credit Bond UCITS ETF USD (Dist) | 5.45% | 4.55% | 3.62% | 2.79% | 1.94% | 1.82% | 3.03% | 2.91% | 2.57% | 0.47% |
Frequently Asked Questions
FRNH.DE and SXRF.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRF.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRF.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for FRNH.DE.
FRNH.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates Index (EUR Hedged), while SXRF.DE tracks Bloomberg US Intermediate Credit Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.20% for FRNH.DE and 0.15% for SXRF.DE.
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