FRNH.DE vs. VUSC.DE
FRNH.DE (Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc)) and VUSC.DE (Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing) are both Corporate Bonds funds - FRNH.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates Index (EUR Hedged) while VUSC.DE tracks the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 5 years, FRNH.DE returned 2.38%/yr vs 3.40%/yr for VUSC.DE. At a correlation of -0.01, they often move in opposite directions. FRNH.DE charges 0.20%/yr vs 0.09%/yr for VUSC.DE.
Performance
FRNH.DE vs. VUSC.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 VUSC.DE's 4.06% 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%
VUSC.DE
- 1D
- 0.12%
- 1M
- 1.89%
- 6M
- 3.96%
- YTD
- 4.06%
- 1Y
- 6.95%
- 3Y*
- 3.78%
- 5Y*
- 3.40%
- 10Y*
- —
FRNH.DE vs. VUSC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -2.50% |
VUSC.DE Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing | 4.06% | -5.83% | 11.48% | 1.85% | 2.14% | 8.14% | -5.67% | 7.84% | 3.68% |
Correlation
The correlation between FRNH.DE and VUSC.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 (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since May 22, 2018 | -0.01 |
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Return for Risk
FRNH.DE vs. VUSC.DE — Risk / Return Rank
FRNH.DE
VUSC.DE
FRNH.DE vs. VUSC.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 Bond UCITS ETF Distributing (VUSC.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 | VUSC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +2.96 | ||
| Omega ratioGain probability vs. loss probability | 1.90 | 1.22 | +0.67 |
| Calmar ratioReturn relative to maximum drawdown | 8.08 | 2.12 | +5.96 |
| Martin ratioReturn relative to average drawdown | 39.13 | 5.51 | +33.63 |
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Drawdowns
FRNH.DE vs. VUSC.DE - Drawdown Comparison
The maximum FRNH.DE drawdown since its inception was -15.25%, which is greater than VUSC.DE's maximum drawdown of -11.52%. Use the drawdown chart below to compare losses from any high point for FRNH.DE and VUSC.DE.
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Drawdown Indicators
| FRNH.DE | VUSC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.25% | -11.52% | -3.73% |
Max Drawdown (1Y)Largest decline over 1 year | -0.36% | -3.26% | +2.90% |
Max Drawdown (3Y)Largest decline over 3 years | -1.39% | -10.56% | +9.17% |
Max Drawdown (5Y)Largest decline over 5 years | -3.19% | -11.52% | +8.33% |
Max Drawdown (10Y)Largest decline over 10 years | -15.25% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.17% | +4.17% |
Average DrawdownAverage peak-to-trough decline | -0.87% | -4.32% | +3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 1.26% | -1.19% |
Volatility
FRNH.DE vs. VUSC.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 Bond UCITS ETF Distributing (VUSC.DE) has a volatility of 1.46%. This indicates that FRNH.DE experiences smaller price fluctuations and is considered to be less risky than VUSC.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 | VUSC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 1.46% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 0.71% | 3.77% | -3.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.90% | 5.49% | -4.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.42% | 7.02% | -4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.36% | 6.65% | -3.29% |
FRNH.DE vs. VUSC.DE - Expense Ratio Comparison
FRNH.DE has a 0.20% expense ratio, which is higher than VUSC.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. VUSC.DE - Dividend Comparison
FRNH.DE has not paid dividends to shareholders, while VUSC.DE's dividend yield for the trailing twelve months is around 4.46%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
VUSC.DE Vanguard USD Corporate 1-3 Bond UCITS ETF Distributing | 4.46% | 5.05% | 4.78% | 4.15% | 1.99% | 1.01% | 2.15% | 2.83% | 1.76% |
Frequently Asked Questions
FRNH.DE and VUSC.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, VUSC.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUSC.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 VUSC.DE tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.20% for FRNH.DE and 0.09% for VUSC.DE.
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