FRNU.DE vs. SYBN.DE
FRNU.DE (Amundi Floating Rate USD Corporate ESG UCITS ETF USD) and SYBN.DE (SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF) are both Corporate Bonds funds - FRNU.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates while SYBN.DE tracks the Bloomberg US Corporate 10+. Both are passively managed. Over the past 10 years, FRNU.DE returned 2.93%/yr vs 2.22%/yr for SYBN.DE. At a 0.40 correlation, their price movements are largely independent. FRNU.DE charges 0.18%/yr vs 0.12%/yr for SYBN.DE.
Performance
FRNU.DE vs. SYBN.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 SYBN.DE's 1.97% return. Over the past 10 years, FRNU.DE has outperformed SYBN.DE with an annualized return of 2.93%, while SYBN.DE has yielded a comparatively lower 2.22% annualized 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%
SYBN.DE
- 1D
- 0.30%
- 1M
- 1.49%
- YTD
- 1.97%
- 6M
- 0.93%
- 1Y
- 5.57%
- 3Y*
- 1.80%
- 5Y*
- -0.75%
- 10Y*
- 2.22%
FRNU.DE vs. SYBN.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% | -10.27% |
SYBN.DE SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF | 1.97% | -4.34% | 4.09% | 6.87% | -20.46% | 6.88% | 3.21% | 27.52% | -2.77% | -1.38% |
Correlation
The correlation between FRNU.DE and SYBN.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2015 | 0.40 |
The correlation between FRNU.DE and SYBN.DE shifts across timeframes, from 0.24 (3 years) to 0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FRNU.DE vs. SYBN.DE — Risk / Return Rank
FRNU.DE
SYBN.DE
FRNU.DE vs. SYBN.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 SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF (SYBN.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 | SYBN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.11 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.02 | +0.01 |
| Martin ratioReturn relative to average drawdown | 2.13 | 2.15 | -0.02 |
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 | SYBN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 0.63 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | -0.06 | +0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.18 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.21 | +0.11 |
Drawdowns
FRNU.DE vs. SYBN.DE - Drawdown Comparison
The maximum FRNU.DE drawdown since its inception was -14.79%, smaller than the maximum SYBN.DE drawdown of -28.03%. Use the drawdown chart below to compare losses from any high point for FRNU.DE and SYBN.DE.
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Drawdown Indicators
| FRNU.DE | SYBN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.79% | -28.03% | +13.24% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -4.99% | +1.74% |
Max Drawdown (3Y)Largest decline over 3 years | -11.40% | -15.40% | +4.00% |
Max Drawdown (5Y)Largest decline over 5 years | -11.40% | -28.03% | +16.63% |
Max Drawdown (10Y)Largest decline over 10 years | -14.79% | -28.03% | +13.24% |
Current DrawdownCurrent decline from peak | -6.01% | -16.22% | +10.21% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -9.94% | +4.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 2.37% | -0.79% |
Volatility
FRNU.DE vs. SYBN.DE - Volatility Comparison
The current volatility for Amundi Floating Rate USD Corporate ESG UCITS ETF USD (FRNU.DE) is 1.33%, while SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF (SYBN.DE) has a volatility of 2.10%. This indicates that FRNU.DE experiences smaller price fluctuations and is considered to be less risky than SYBN.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 | SYBN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 2.10% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 4.19% | 5.72% | -1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.12% | 8.15% | -2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.60% | 12.47% | -4.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 12.40% | -4.90% |
FRNU.DE vs. SYBN.DE - Expense Ratio Comparison
FRNU.DE has a 0.18% expense ratio, which is higher than SYBN.DE's 0.12% 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. SYBN.DE - Dividend Comparison
FRNU.DE has not paid dividends to shareholders, while SYBN.DE's dividend yield for the trailing twelve months is around 5.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
SYBN.DE SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF | 5.43% | 5.75% | 5.08% | 4.61% | 4.65% | 3.20% | 3.62% | 3.61% | 3.99% | 4.44% | 2.62% |
Frequently Asked Questions
FRNU.DE and SYBN.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBN.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBN.DE is cheaper with a 0.12% expense ratio, compared with 0.18% for FRNU.DE.
FRNU.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates, while SYBN.DE tracks Bloomberg US Corporate 10+. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.18% for FRNU.DE and 0.12% for SYBN.DE.
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