FRNU.DE vs. LYEB.DE
FRNU.DE (Amundi Floating Rate USD Corporate ESG UCITS ETF USD) and LYEB.DE (Amundi EUR Corporate Bond Climate Paris Aligned UCITS ETF (Acc)) are both Corporate Bonds funds from Amundi - FRNU.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates while LYEB.DE tracks the Bloomberg MSCI Euro Corporate Paris Aligned Green Tilted Index. Both are passively managed. Over the past 10 years, FRNU.DE returned 2.79%/yr vs 0.57%/yr for LYEB.DE. At a correlation of -0.04, they often move in opposite directions. FRNU.DE charges 0.18%/yr vs 0.14%/yr for LYEB.DE.
Performance
FRNU.DE vs. LYEB.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 LYEB.DE's 0.37% return. Over the past 10 years, FRNU.DE has outperformed LYEB.DE with an annualized return of 2.79%, while LYEB.DE has yielded a comparatively lower 0.57% 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%
LYEB.DE
- 1D
- -0.03%
- 1M
- -0.53%
- 6M
- -0.03%
- YTD
- 0.37%
- 1Y
- 1.15%
- 3Y*
- 4.04%
- 5Y*
- -0.29%
- 10Y*
- 0.57%
FRNU.DE vs. LYEB.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% |
LYEB.DE Amundi EUR Corporate Bond Climate Paris Aligned UCITS ETF (Acc) | 0.37% | 2.75% | 4.14% | 7.04% | -13.33% | -1.08% | 2.45% | 6.00% | -1.38% | 1.12% |
Correlation
The correlation between FRNU.DE and LYEB.DE is -0.26, 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 | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2015 | -0.04 |
Over the past year, the inverse relationship between FRNU.DE and LYEB.DE has strengthened: their correlation has moved from -0.04 to -0.26, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
FRNU.DE vs. LYEB.DE — Risk / Return Rank
FRNU.DE
LYEB.DE
FRNU.DE vs. LYEB.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 EUR Corporate Bond Climate Paris Aligned UCITS ETF (Acc) (LYEB.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 | LYEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.07 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 0.43 | +1.49 |
| Martin ratioReturn relative to average drawdown | 4.43 | 1.40 | +3.03 |
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Drawdowns
FRNU.DE vs. LYEB.DE - Drawdown Comparison
The maximum FRNU.DE drawdown since its inception was -19.45%, which is greater than LYEB.DE's maximum drawdown of -17.06%. Use the drawdown chart below to compare losses from any high point for FRNU.DE and LYEB.DE.
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Drawdown Indicators
| FRNU.DE | LYEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.45% | -17.06% | -2.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -2.67% | -0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -11.41% | -2.67% | -8.74% |
Max Drawdown (5Y)Largest decline over 5 years | -11.41% | -17.06% | +5.65% |
Max Drawdown (10Y)Largest decline over 10 years | -19.45% | -17.06% | -2.39% |
Current DrawdownCurrent decline from peak | -4.07% | -2.02% | -2.05% |
Average DrawdownAverage peak-to-trough decline | -7.78% | -2.74% | -5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 0.82% | +0.59% |
Volatility
FRNU.DE vs. LYEB.DE - Volatility Comparison
Amundi Floating Rate USD Corporate ESG UCITS ETF USD (FRNU.DE) has a higher volatility of 1.23% compared to Amundi EUR Corporate Bond Climate Paris Aligned UCITS ETF (Acc) (LYEB.DE) at 0.84%. This indicates that FRNU.DE's price experiences larger fluctuations and is considered to be riskier than LYEB.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 | LYEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 0.84% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 4.30% | 2.69% | +1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.01% | 3.06% | +2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.58% | 4.35% | +3.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 4.32% | +12.64% |
FRNU.DE vs. LYEB.DE - Expense Ratio Comparison
FRNU.DE has a 0.18% expense ratio, which is higher than LYEB.DE's 0.14% 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. LYEB.DE - Dividend Comparison
Neither FRNU.DE nor LYEB.DE has paid dividends to shareholders.
Frequently Asked Questions
FRNU.DE and LYEB.DE have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LYEB.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LYEB.DE is cheaper with a 0.14% expense ratio, compared with 0.18% for FRNU.DE.
FRNU.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates, while LYEB.DE tracks Bloomberg MSCI Euro Corporate Paris Aligned Green Tilted Index. Their fees differ too: 0.18% for FRNU.DE and 0.14% for LYEB.DE.
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