FRNU.DE vs. CBU0.DE
FRNU.DE (Amundi Floating Rate USD Corporate ESG UCITS ETF USD) and CBU0.DE (iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc) are both Corporate Bonds funds - FRNU.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates while CBU0.DE tracks the iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged). Both are passively managed. Over the past 3 years, FRNU.DE returned 2.89%/yr vs 3.94%/yr for CBU0.DE. At a correlation of -0.21, they often move in opposite directions. FRNU.DE charges 0.18%/yr vs 0.25%/yr for CBU0.DE.
Performance
FRNU.DE vs. CBU0.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 CBU0.DE's -0.89% 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%
CBU0.DE
- 1D
- 0.17%
- 1M
- 0.91%
- YTD
- -0.89%
- 6M
- -0.71%
- 1Y
- 2.45%
- 3Y*
- 3.94%
- 5Y*
- —
- 10Y*
- —
FRNU.DE vs. CBU0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FRNU.DE Amundi Floating Rate USD Corporate ESG UCITS ETF USD | 3.11% | -6.55% | 12.73% | 2.69% |
CBU0.DE iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc | -0.89% | 4.58% | -0.25% | 5.06% |
Correlation
The correlation between FRNU.DE and CBU0.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 | -0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2023 | -0.21 |
The correlation between FRNU.DE and CBU0.DE shifts across timeframes, from -0.36 (1 year) to -0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FRNU.DE vs. CBU0.DE — Risk / Return Rank
FRNU.DE
CBU0.DE
FRNU.DE vs. CBU0.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 Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc (CBU0.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 | CBU0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.09 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 0.58 | +0.45 |
| Martin ratioReturn relative to average drawdown | 2.13 | 1.62 | +0.51 |
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 | CBU0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 0.48 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | — | — |
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 | 0.45 | -0.13 |
Drawdowns
FRNU.DE vs. CBU0.DE - Drawdown Comparison
The maximum FRNU.DE drawdown since its inception was -14.79%, which is greater than CBU0.DE's maximum drawdown of -6.02%. Use the drawdown chart below to compare losses from any high point for FRNU.DE and CBU0.DE.
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Drawdown Indicators
| FRNU.DE | CBU0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.79% | -6.02% | -8.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -4.20% | +0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -11.40% | -4.20% | -7.20% |
Max Drawdown (5Y)Largest decline over 5 years | -11.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -14.79% | — | — |
Current DrawdownCurrent decline from peak | -6.01% | -2.03% | -3.98% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -1.65% | -3.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 1.52% | +0.06% |
Volatility
FRNU.DE vs. CBU0.DE - Volatility Comparison
The current volatility for Amundi Floating Rate USD Corporate ESG UCITS ETF USD (FRNU.DE) is 1.33%, while iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc (CBU0.DE) has a volatility of 2.00%. This indicates that FRNU.DE experiences smaller price fluctuations and is considered to be less risky than CBU0.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 | CBU0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 2.00% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 4.19% | 4.39% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.12% | 5.11% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.60% | 5.81% | +1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 5.81% | +1.69% |
FRNU.DE vs. CBU0.DE - Expense Ratio Comparison
FRNU.DE has a 0.18% expense ratio, which is lower than CBU0.DE's 0.25% expense ratio. Despite the difference, 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. CBU0.DE - Dividend Comparison
Neither FRNU.DE nor CBU0.DE has paid dividends to shareholders.
Frequently Asked Questions
FRNU.DE and CBU0.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, FRNU.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FRNU.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for CBU0.DE.
FRNU.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates, while CBU0.DE tracks iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.18% for FRNU.DE and 0.25% for CBU0.DE.
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