FRNU.DE vs. OM3F.DE
FRNU.DE (Amundi Floating Rate USD Corporate ESG UCITS ETF USD) and OM3F.DE (iShares € Corp Bond ESG SRI UCITS ETF EUR (Dist)) are both Corporate Bonds funds - FRNU.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates while OM3F.DE tracks the Bloomberg MSCI Euro Corporate Sustainable SRI Index. Both are passively managed. Over the past 5 years, FRNU.DE returned 4.95%/yr vs -0.16%/yr for OM3F.DE. At a correlation of -0.07, they often move in opposite directions. FRNU.DE charges 0.18%/yr vs 0.15%/yr for OM3F.DE.
Performance
FRNU.DE vs. OM3F.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 OM3F.DE's 0.34% 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%
OM3F.DE
- 1D
- 0.00%
- 1M
- -0.64%
- 6M
- -0.08%
- YTD
- 0.34%
- 1Y
- 1.13%
- 3Y*
- 4.18%
- 5Y*
- -0.16%
- 10Y*
- —
FRNU.DE vs. OM3F.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 | 5.23% | -6.54% | 12.72% | 2.79% | 7.34% | 8.64% | -7.76% | 7.65% | 1.18% |
OM3F.DE iShares € Corp Bond ESG SRI UCITS ETF EUR (Dist) | 0.34% | 3.04% | 4.13% | 7.20% | -13.24% | -1.05% | 2.51% | 6.06% | -0.50% |
Correlation
The correlation between FRNU.DE and OM3F.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 | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2018 | -0.07 |
The correlation between FRNU.DE and OM3F.DE shifts across timeframes, from -0.26 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FRNU.DE vs. OM3F.DE — Risk / Return Rank
FRNU.DE
OM3F.DE
FRNU.DE vs. OM3F.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 € Corp Bond ESG SRI UCITS ETF EUR (Dist) (OM3F.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 | OM3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.06 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 0.41 | +1.50 |
| Martin ratioReturn relative to average drawdown | 4.43 | 1.35 | +3.08 |
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Drawdowns
FRNU.DE vs. OM3F.DE - Drawdown Comparison
The maximum FRNU.DE drawdown since its inception was -19.45%, which is greater than OM3F.DE's maximum drawdown of -16.89%. Use the drawdown chart below to compare losses from any high point for FRNU.DE and OM3F.DE.
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Drawdown Indicators
| FRNU.DE | OM3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.45% | -16.89% | -2.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -2.71% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -11.41% | -2.71% | -8.70% |
Max Drawdown (5Y)Largest decline over 5 years | -11.41% | -16.89% | +5.48% |
Max Drawdown (10Y)Largest decline over 10 years | -19.45% | — | — |
Current DrawdownCurrent decline from peak | -4.07% | -1.35% | -2.72% |
Average DrawdownAverage peak-to-trough decline | -7.78% | -4.72% | -3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 0.84% | +0.57% |
Volatility
FRNU.DE vs. OM3F.DE - Volatility Comparison
Amundi Floating Rate USD Corporate ESG UCITS ETF USD (FRNU.DE) has a higher volatility of 1.23% compared to iShares € Corp Bond ESG SRI UCITS ETF EUR (Dist) (OM3F.DE) at 0.83%. This indicates that FRNU.DE's price experiences larger fluctuations and is considered to be riskier than OM3F.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 | OM3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 0.83% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 4.30% | 3.14% | +1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.01% | 3.64% | +2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.58% | 4.82% | +2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 5.39% | +11.57% |
FRNU.DE vs. OM3F.DE - Expense Ratio Comparison
FRNU.DE has a 0.18% expense ratio, which is higher than OM3F.DE's 0.15% 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. OM3F.DE - Dividend Comparison
FRNU.DE has not paid dividends to shareholders, while OM3F.DE's dividend yield for the trailing twelve months is around 3.28%.
| 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% |
OM3F.DE iShares € Corp Bond ESG SRI UCITS ETF EUR (Dist) | 3.28% | 3.23% | 3.19% | 2.52% | 0.82% | 0.47% | 0.57% | 0.77% | 0.30% |
Frequently Asked Questions
FRNU.DE and OM3F.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, OM3F.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OM3F.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for FRNU.DE.
FRNU.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates, while OM3F.DE tracks Bloomberg MSCI Euro Corporate Sustainable SRI Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.18% for FRNU.DE and 0.15% for OM3F.DE.
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