FRNU.DE vs. LYP6.DE
FRNU.DE (Amundi Floating Rate USD Corporate ESG UCITS ETF USD) and LYP6.DE (Amundi Core STOXX Europe 600 (DR) UCITS ETF Acc) are both exchange-traded funds - FRNU.DE is a Corporate Bonds fund tracking the iBoxx MSCI ESG USD FRN Investment Grade Corporates, while LYP6.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 5 years, FRNU.DE returned 5.15%/yr vs 9.75%/yr for LYP6.DE. At a correlation of -0.09, they often move in opposite directions. FRNU.DE charges 0.18%/yr vs 0.07%/yr for LYP6.DE.
Performance
FRNU.DE vs. LYP6.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 lower than LYP6.DE's 7.48% 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%
LYP6.DE
- 1D
- 0.57%
- 1M
- 0.92%
- YTD
- 7.48%
- 6M
- 10.12%
- 1Y
- 16.32%
- 3Y*
- 13.98%
- 5Y*
- 9.75%
- 10Y*
- —
FRNU.DE vs. LYP6.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 | 3.11% | -6.55% | 12.73% | 2.79% | 7.34% | 8.64% | -7.76% | 7.65% | 4.94% | 0.58% |
LYP6.DE Amundi Core STOXX Europe 600 (DR) UCITS ETF Acc | 7.48% | 20.82% | 8.25% | 15.97% | -10.40% | 24.81% | -1.72% | 28.59% | -11.28% | 2.60% |
Correlation
The correlation between FRNU.DE and LYP6.DE is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.22 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2017 | -0.09 |
The correlation between FRNU.DE and LYP6.DE shifts across timeframes, from -0.22 (5 years) to -0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FRNU.DE vs. LYP6.DE — Risk / Return Rank
FRNU.DE
LYP6.DE
FRNU.DE vs. LYP6.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 Core STOXX Europe 600 (DR) UCITS ETF Acc (LYP6.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 | LYP6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.24 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.74 | -0.71 |
| Martin ratioReturn relative to average drawdown | 2.13 | 6.63 | -4.50 |
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 | LYP6.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 1.28 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.67 | 0.00 |
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 | 0.56 | -0.24 |
Drawdowns
FRNU.DE vs. LYP6.DE - Drawdown Comparison
The maximum FRNU.DE drawdown since its inception was -14.79%, smaller than the maximum LYP6.DE drawdown of -35.51%. Use the drawdown chart below to compare losses from any high point for FRNU.DE and LYP6.DE.
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Drawdown Indicators
| FRNU.DE | LYP6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.79% | -35.51% | +20.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -9.45% | +6.20% |
Max Drawdown (3Y)Largest decline over 3 years | -11.40% | -16.26% | +4.86% |
Max Drawdown (5Y)Largest decline over 5 years | -11.40% | -20.71% | +9.31% |
Max Drawdown (10Y)Largest decline over 10 years | -14.79% | — | — |
Current DrawdownCurrent decline from peak | -6.01% | -1.62% | -4.39% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -4.84% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 2.49% | -0.91% |
Volatility
FRNU.DE vs. LYP6.DE - Volatility Comparison
The current volatility for Amundi Floating Rate USD Corporate ESG UCITS ETF USD (FRNU.DE) is 1.33%, while Amundi Core STOXX Europe 600 (DR) UCITS ETF Acc (LYP6.DE) has a volatility of 4.35%. This indicates that FRNU.DE experiences smaller price fluctuations and is considered to be less risky than LYP6.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 | LYP6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 4.35% | -3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.19% | 10.65% | -6.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.12% | 12.90% | -6.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.60% | 14.41% | -6.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 15.86% | -8.36% |
FRNU.DE vs. LYP6.DE - Expense Ratio Comparison
FRNU.DE has a 0.18% expense ratio, which is higher than LYP6.DE's 0.07% 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. LYP6.DE - Dividend Comparison
Neither FRNU.DE nor LYP6.DE has paid dividends to shareholders.
Frequently Asked Questions
FRNU.DE and LYP6.DE have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LYP6.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LYP6.DE is cheaper with a 0.07% expense ratio, compared with 0.18% for FRNU.DE.
FRNU.DE is categorized as Corporate Bonds, while LYP6.DE is Europe Equities. FRNU.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates, while LYP6.DE tracks STOXX® Europe 600. Their fees differ too: 0.18% for FRNU.DE and 0.07% for LYP6.DE.
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