FRNH.DE vs. VAGY.DE
FRNH.DE (Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc)) and VAGY.DE (Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating) are both Corporate Bonds funds - FRNH.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates Index (EUR Hedged) while VAGY.DE tracks the Bloomberg Global Aggregate Corporate USD 1-3. Both are passively managed. Over the past 3 years, FRNH.DE returned 3.76%/yr vs 3.78%/yr for VAGY.DE. At a correlation of -0.02, they often move in opposite directions. FRNH.DE charges 0.20%/yr vs 0.09%/yr for VAGY.DE.
Performance
FRNH.DE vs. VAGY.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FRNH.DE achieves a 1.35% return, which is significantly lower than VAGY.DE's 4.01% 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%
VAGY.DE
- 1D
- 0.00%
- 1M
- 1.85%
- 6M
- 3.90%
- YTD
- 4.01%
- 1Y
- 6.93%
- 3Y*
- 3.78%
- 5Y*
- —
- 10Y*
- —
FRNH.DE vs. VAGY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FRNH.DE Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) | 1.35% | 2.90% | 4.99% | 2.98% |
VAGY.DE Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating | 4.01% | -5.79% | 11.38% | 0.66% |
Correlation
The correlation between FRNH.DE and VAGY.DE is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2023 | -0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FRNH.DE vs. VAGY.DE — Risk / Return Rank
FRNH.DE
VAGY.DE
FRNH.DE vs. VAGY.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 Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating (VAGY.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 | VAGY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.96 | ||
| Sortino ratioReturn per unit of downside risk | +2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.90 | 1.22 | +0.68 |
| Calmar ratioReturn relative to maximum drawdown | 8.08 | 2.17 | +5.91 |
| Martin ratioReturn relative to average drawdown | 39.13 | 5.57 | +33.56 |
Loading charts...
Drawdowns
FRNH.DE vs. VAGY.DE - Drawdown Comparison
The maximum FRNH.DE drawdown since its inception was -15.25%, which is greater than VAGY.DE's maximum drawdown of -10.58%. Use the drawdown chart below to compare losses from any high point for FRNH.DE and VAGY.DE.
Loading charts...
Drawdown Indicators
| FRNH.DE | VAGY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.25% | -10.58% | -4.67% |
Max Drawdown (1Y)Largest decline over 1 year | -0.36% | -3.20% | +2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -1.39% | -10.58% | +9.19% |
Max Drawdown (5Y)Largest decline over 5 years | -3.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -15.25% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.19% | +4.19% |
Average DrawdownAverage peak-to-trough decline | -0.87% | -3.68% | +2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 1.25% | -1.18% |
Volatility
FRNH.DE vs. VAGY.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 Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating (VAGY.DE) has a volatility of 1.53%. This indicates that FRNH.DE experiences smaller price fluctuations and is considered to be less risky than VAGY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FRNH.DE | VAGY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 1.53% | -1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 0.71% | 3.86% | -3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.90% | 5.56% | -4.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.42% | 6.44% | -4.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.36% | 6.44% | -3.08% |
FRNH.DE vs. VAGY.DE - Expense Ratio Comparison
FRNH.DE has a 0.20% expense ratio, which is higher than VAGY.DE's 0.09% 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. VAGY.DE - Dividend Comparison
Neither FRNH.DE nor VAGY.DE has paid dividends to shareholders.
Frequently Asked Questions
FRNH.DE and VAGY.DE have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGY.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGY.DE is cheaper with a 0.09% expense ratio, compared with 0.20% for FRNH.DE.
FRNH.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates Index (EUR Hedged), while VAGY.DE tracks Bloomberg Global Aggregate Corporate USD 1-3. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.20% for FRNH.DE and 0.09% for VAGY.DE.
Find the right allocation for FRNH.DE and VAGY.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer