FRNH.DE vs. WEBG.DE
FRNH.DE (Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc)) and WEBG.DE (Amundi Prime All Country World UCITS ETF Dist) are both exchange-traded funds - FRNH.DE is a Corporate Bonds fund tracking the iBoxx MSCI ESG USD FRN Investment Grade Corporates Index (EUR Hedged), while WEBG.DE is a Global Equities fund tracking the Solactive GBS Global Markets Large & Mid Cap Index. Both are passively managed. Over the past year, FRNH.DE returned 2.90% vs 25.99% for WEBG.DE. At a 0.16 correlation, their price movements are largely independent. FRNH.DE charges 0.20%/yr vs 0.07%/yr for WEBG.DE.
Performance
FRNH.DE vs. WEBG.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 WEBG.DE's 13.52% 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%
WEBG.DE
- 1D
- 0.00%
- 1M
- 0.41%
- 6M
- 13.58%
- YTD
- 13.52%
- 1Y
- 25.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FRNH.DE vs. WEBG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FRNH.DE Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) | 1.35% | 2.90% | 3.68% |
WEBG.DE Amundi Prime All Country World UCITS ETF Dist | 13.52% | 9.19% | 6.71% |
Correlation
The correlation between FRNH.DE and WEBG.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2024 | 0.16 |
The correlation between FRNH.DE and WEBG.DE shifts across timeframes, from 0.16 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FRNH.DE vs. WEBG.DE — Risk / Return Rank
FRNH.DE
WEBG.DE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FRNH.DE vs. WEBG.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 Amundi Prime All Country World UCITS ETF Dist (WEBG.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 | WEBG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.14 | ||
| Sortino ratioReturn per unit of downside risk | +3.11 | ||
| Omega ratioGain probability vs. loss probability | 1.90 | 1.36 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 8.08 | 1.65 | +6.43 |
| Martin ratioReturn relative to average drawdown | 39.13 | 2.93 | +36.21 |
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Drawdowns
FRNH.DE vs. WEBG.DE - Drawdown Comparison
The maximum FRNH.DE drawdown since its inception was -15.25%, smaller than the maximum WEBG.DE drawdown of -21.31%. Use the drawdown chart below to compare losses from any high point for FRNH.DE and WEBG.DE.
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Drawdown Indicators
| FRNH.DE | WEBG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.25% | -21.31% | +6.06% |
Max Drawdown (1Y)Largest decline over 1 year | -0.36% | -15.74% | +15.38% |
Max Drawdown (3Y)Largest decline over 3 years | -1.39% | — | — |
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% | -1.30% | +1.30% |
Average DrawdownAverage peak-to-trough decline | -0.87% | -5.93% | +5.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 8.88% | -8.81% |
Volatility
FRNH.DE vs. WEBG.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 Amundi Prime All Country World UCITS ETF Dist (WEBG.DE) has a volatility of 3.76%. This indicates that FRNH.DE experiences smaller price fluctuations and is considered to be less risky than WEBG.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 | WEBG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 3.76% | -3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 0.71% | 8.89% | -8.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.90% | 24.40% | -23.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.42% | 20.64% | -18.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.36% | 20.64% | -17.28% |
FRNH.DE vs. WEBG.DE - Expense Ratio Comparison
FRNH.DE has a 0.20% expense ratio, which is higher than WEBG.DE's 0.07% 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. WEBG.DE - Dividend Comparison
Neither FRNH.DE nor WEBG.DE has paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
FRNH.DE Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% |
WEBG.DE Amundi Prime All Country World UCITS ETF Dist | 1.22% | 1.32% |
Frequently Asked Questions
FRNH.DE and WEBG.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WEBG.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WEBG.DE is cheaper with a 0.07% expense ratio, compared with 0.20% for FRNH.DE.
FRNH.DE is categorized as Corporate Bonds, while WEBG.DE is Global Equities. FRNH.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates Index (EUR Hedged), while WEBG.DE tracks Solactive GBS Global Markets Large & Mid Cap Index. Their fees differ too: 0.20% for FRNH.DE and 0.07% for WEBG.DE.
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