FRNU.DE vs. FVUI.DE
FRNU.DE (Amundi Floating Rate USD Corporate ESG UCITS ETF USD) and FVUI.DE (Franklin USD Investment Grade Corporate Bond UCITS ETF) are both Corporate Bonds funds - FRNU.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates while FVUI.DE tracks the Franklin USD Investment Grade Corporate Bond. Both are passively managed. Over the past 5 years, FRNU.DE returned 5.15%/yr vs 0.97%/yr for FVUI.DE. At a 0.35 correlation, their price movements are largely independent. FRNU.DE charges 0.18%/yr vs 0.35%/yr for FVUI.DE.
Performance
FRNU.DE vs. FVUI.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 FVUI.DE's 1.32% 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%
FVUI.DE
- 1D
- 0.08%
- 1M
- 1.16%
- YTD
- 1.32%
- 6M
- 0.52%
- 1Y
- 3.14%
- 3Y*
- 1.75%
- 5Y*
- 0.97%
- 10Y*
- —
FRNU.DE vs. FVUI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FRNU.DE Amundi Floating Rate USD Corporate ESG UCITS ETF USD | 3.11% | -6.55% | 12.73% | 2.79% | 7.34% | 8.64% | -7.76% | 7.65% | -0.54% |
FVUI.DE Franklin USD Investment Grade Corporate Bond UCITS ETF | 1.32% | -4.78% | 7.37% | 2.60% | -8.69% | 4.81% | -0.94% | 16.34% | 0.00% |
Correlation
The correlation between FRNU.DE and FVUI.DE is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2018 | 0.35 |
Over the past year, FRNU.DE and FVUI.DE have become more correlated (0.65) than their long-term average of 0.35, meaning their price movements have been converging.
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Return for Risk
FRNU.DE vs. FVUI.DE — Risk / Return Rank
FRNU.DE
FVUI.DE
FRNU.DE vs. FVUI.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 Franklin USD Investment Grade Corporate Bond UCITS ETF (FVUI.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 | FVUI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.08 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 0.78 | +0.25 |
| Martin ratioReturn relative to average drawdown | 2.13 | 1.84 | +0.29 |
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 | FVUI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 0.45 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.13 | +0.54 |
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 | 0.27 | +0.04 |
Drawdowns
FRNU.DE vs. FVUI.DE - Drawdown Comparison
The maximum FRNU.DE drawdown since its inception was -14.79%, smaller than the maximum FVUI.DE drawdown of -16.78%. Use the drawdown chart below to compare losses from any high point for FRNU.DE and FVUI.DE.
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Drawdown Indicators
| FRNU.DE | FVUI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.79% | -16.78% | +1.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -3.55% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -11.40% | -11.53% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -11.40% | -13.77% | +2.37% |
Max Drawdown (10Y)Largest decline over 10 years | -14.79% | — | — |
Current DrawdownCurrent decline from peak | -6.01% | -6.12% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -6.88% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 1.51% | +0.07% |
Volatility
FRNU.DE vs. FVUI.DE - Volatility Comparison
Amundi Floating Rate USD Corporate ESG UCITS ETF USD (FRNU.DE) and Franklin USD Investment Grade Corporate Bond UCITS ETF (FVUI.DE) have volatilities of 1.33% and 1.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRNU.DE | FVUI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.38% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 4.19% | 4.44% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.12% | 6.12% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.60% | 9.35% | -1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 12.95% | -5.45% |
FRNU.DE vs. FVUI.DE - Expense Ratio Comparison
FRNU.DE has a 0.18% expense ratio, which is lower than FVUI.DE's 0.35% expense ratio.
Dividends
FRNU.DE vs. FVUI.DE - Dividend Comparison
FRNU.DE has not paid dividends to shareholders, while FVUI.DE's dividend yield for the trailing twelve months is around 3.48%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
FVUI.DE Franklin USD Investment Grade Corporate Bond UCITS ETF | 3.48% | 3.53% | 3.94% | 3.22% | 2.63% | 1.81% | 2.06% | 2.99% | 1.40% |
Frequently Asked Questions
FRNU.DE and FVUI.DE have a correlation of 0.65, 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 0.35% for FVUI.DE.
FRNU.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates, while FVUI.DE tracks Franklin USD Investment Grade Corporate Bond. They also come from different issuers: Amundi and Franklin Templeton. Their fees differ too: 0.18% for FRNU.DE and 0.35% for FVUI.DE.
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