FRNU.DE vs. 36BA.DE
FRNU.DE (Amundi Floating Rate USD Corporate ESG UCITS ETF USD) and 36BA.DE (iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist)) are both Corporate Bonds funds - FRNU.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates while 36BA.DE tracks the Bloomberg MSCI US Corporate Sustainable SRI Index (EUR Hedged). Both are passively managed. Over the past 5 years, FRNU.DE returned 5.15%/yr vs -1.61%/yr for 36BA.DE. At a correlation of -0.28, they often move in opposite directions. FRNU.DE charges 0.18%/yr vs 0.17%/yr for 36BA.DE.
Performance
FRNU.DE vs. 36BA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FRNU.DE achieves a 3.11% return, which is significantly higher than 36BA.DE's -0.71% return.
FRNU.DE
- 1D
- -0.07%
- 1M
- 1.57%
- YTD
- 3.11%
- 6M
- 2.36%
- 1Y
- 3.47%
- 3Y*
- 2.89%
- 5Y*
- 5.15%
- 10Y*
- 2.93%
36BA.DE
- 1D
- 0.27%
- 1M
- -0.26%
- YTD
- -0.71%
- 6M
- -0.32%
- 1Y
- 2.95%
- 3Y*
- 2.93%
- 5Y*
- -1.61%
- 10Y*
- —
FRNU.DE vs. 36BA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FRNU.DE Amundi Floating Rate USD Corporate ESG UCITS ETF USD | 3.11% | -6.55% | 12.73% | 2.79% | 7.34% | 8.64% | -9.73% |
36BA.DE iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) | -0.71% | 5.40% | 0.20% | 5.45% | -17.07% | -2.51% | 7.23% |
Correlation
The correlation between FRNU.DE and 36BA.DE is -0.36, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.32 |
Correlation (All Time) Calculated using the full available price history since May 15, 2020 | -0.28 |
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Return for Risk
FRNU.DE vs. 36BA.DE — Risk / Return Rank
FRNU.DE
36BA.DE
FRNU.DE vs. 36BA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Floating Rate USD Corporate ESG UCITS ETF USD (FRNU.DE) and iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) (36BA.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.
| FRNU.DE | 36BA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.10 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 0.92 | +0.11 |
| Martin ratioReturn relative to average drawdown | 2.13 | 2.43 | -0.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FRNU.DE | 36BA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 0.59 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | -0.22 | +0.90 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | -0.10 | +0.42 |
Drawdowns
FRNU.DE vs. 36BA.DE - Drawdown Comparison
The maximum FRNU.DE drawdown since its inception was -14.79%, smaller than the maximum 36BA.DE drawdown of -23.68%. Use the drawdown chart below to compare losses from any high point for FRNU.DE and 36BA.DE.
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Drawdown Indicators
| FRNU.DE | 36BA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.79% | -23.68% | +8.89% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -3.02% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -11.40% | -6.31% | -5.09% |
Max Drawdown (5Y)Largest decline over 5 years | -11.40% | -23.18% | +11.78% |
Max Drawdown (10Y)Largest decline over 10 years | -14.79% | — | — |
Current DrawdownCurrent decline from peak | -6.01% | -10.87% | +4.86% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -11.35% | +5.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 1.14% | +0.44% |
Volatility
FRNU.DE vs. 36BA.DE - Volatility Comparison
The current volatility for Amundi Floating Rate USD Corporate ESG UCITS ETF USD (FRNU.DE) is 1.33%, while iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) (36BA.DE) has a volatility of 1.83%. This indicates that FRNU.DE experiences smaller price fluctuations and is considered to be less risky than 36BA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRNU.DE | 36BA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.83% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 4.19% | 3.63% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.12% | 4.67% | +1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.60% | 7.09% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 6.86% | +0.64% |
FRNU.DE vs. 36BA.DE - Expense Ratio Comparison
FRNU.DE has a 0.18% expense ratio, which is higher than 36BA.DE's 0.17% 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
FRNU.DE vs. 36BA.DE - Dividend Comparison
FRNU.DE has not paid dividends to shareholders, while 36BA.DE's dividend yield for the trailing twelve months is around 4.95%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
36BA.DE iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) | 4.95% | 4.73% | 4.75% | 4.15% | 2.94% | 1.76% | 0.87% |
FRNU.DE Amundi Floating Rate USD Corporate ESG UCITS ETF USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FRNU.DE and 36BA.DE have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 36BA.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36BA.DE is cheaper with a 0.17% expense ratio, compared with 0.18% for FRNU.DE.
FRNU.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates, while 36BA.DE tracks Bloomberg MSCI US Corporate Sustainable SRI Index (EUR Hedged). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.18% for FRNU.DE and 0.17% for 36BA.DE.
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