FRNU.DE vs. FRNH.DE
FRNU.DE (Amundi Floating Rate USD Corporate ESG UCITS ETF USD) and FRNH.DE (Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc)) are both Corporate Bonds funds from Amundi - FRNU.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates while FRNH.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates Index (EUR Hedged). Both are passively managed. Over the past 10 years, FRNU.DE returned 2.79%/yr vs 1.22%/yr for FRNH.DE. At a 0.06 correlation, their price movements are largely independent. FRNU.DE charges 0.18%/yr vs 0.20%/yr for FRNH.DE.
Performance
FRNU.DE vs. FRNH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FRNU.DE achieves a 5.23% return, which is significantly higher than FRNH.DE's 1.44% return. Over the past 10 years, FRNU.DE has outperformed FRNH.DE with an annualized return of 2.79%, while FRNH.DE has yielded a comparatively lower 1.22% annualized return.
FRNU.DE
- 1D
- 0.00%
- 1M
- 1.67%
- 6M
- 3.57%
- YTD
- 5.23%
- 1Y
- 6.26%
- 3Y*
- 4.96%
- 5Y*
- 4.95%
- 10Y*
- 2.79%
FRNH.DE
- 1D
- -0.04%
- 1M
- 0.23%
- 6M
- 1.24%
- YTD
- 1.44%
- 1Y
- 2.84%
- 3Y*
- 3.73%
- 5Y*
- 2.43%
- 10Y*
- 1.22%
FRNU.DE vs. FRNH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRNU.DE Amundi Floating Rate USD Corporate ESG UCITS ETF USD | 5.23% | -6.54% | 12.72% | 2.79% | 7.34% | 8.64% | -7.76% | 7.65% | 4.93% | -10.27% |
FRNH.DE Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) | 1.44% | 2.90% | 4.99% | 4.33% | -0.84% | -0.64% | -0.04% | 2.05% | -2.60% | 0.20% |
Correlation
The correlation between FRNU.DE and FRNH.DE is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2016 | 0.06 |
The correlation between FRNU.DE and FRNH.DE shifts across timeframes, from -0.06 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FRNU.DE vs. FRNH.DE — Risk / Return Rank
FRNU.DE
FRNH.DE
FRNU.DE vs. FRNH.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 Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) (FRNH.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.
| FRNU.DE | FRNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.08 | ||
| Sortino ratioReturn per unit of downside risk | -3.17 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.86 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 7.91 | -5.99 |
| Martin ratioReturn relative to average drawdown | 4.43 | 38.31 | -33.88 |
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Drawdowns
FRNU.DE vs. FRNH.DE - Drawdown Comparison
The maximum FRNU.DE drawdown since its inception was -19.45%, which is greater than FRNH.DE's maximum drawdown of -15.25%. Use the drawdown chart below to compare losses from any high point for FRNU.DE and FRNH.DE.
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Drawdown Indicators
| FRNU.DE | FRNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.45% | -15.25% | -4.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -0.36% | -2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -11.41% | -1.39% | -10.02% |
Max Drawdown (5Y)Largest decline over 5 years | -11.41% | -3.17% | -8.24% |
Max Drawdown (10Y)Largest decline over 10 years | -19.45% | -15.25% | -4.20% |
Current DrawdownCurrent decline from peak | -4.07% | -0.04% | -4.03% |
Average DrawdownAverage peak-to-trough decline | -7.78% | -0.87% | -6.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 0.07% | +1.34% |
Volatility
FRNU.DE vs. FRNH.DE - Volatility Comparison
Amundi Floating Rate USD Corporate ESG UCITS ETF USD (FRNU.DE) has a higher volatility of 1.23% compared to Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) (FRNH.DE) at 0.12%. This indicates that FRNU.DE's price experiences larger fluctuations and is considered to be riskier than FRNH.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 | FRNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 0.12% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.30% | 0.52% | +3.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.01% | 0.90% | +5.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.58% | 2.42% | +5.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 3.36% | +13.60% |
FRNU.DE vs. FRNH.DE - Expense Ratio Comparison
FRNU.DE has a 0.18% expense ratio, which is lower than FRNH.DE's 0.20% 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. FRNH.DE - Dividend Comparison
Neither FRNU.DE nor FRNH.DE has paid dividends to shareholders.
Frequently Asked Questions
FRNU.DE and FRNH.DE have a correlation of -0.06, 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 0.20% for FRNH.DE.
FRNU.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates, while FRNH.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates Index (EUR Hedged). Their fees differ too: 0.18% for FRNU.DE and 0.20% for FRNH.DE.
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