FRNU.DE vs. XYLD.DE
FRNU.DE (Amundi Floating Rate USD Corporate ESG UCITS ETF USD) and XYLD.DE (Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D) are both Corporate Bonds funds - FRNU.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates while XYLD.DE tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, FRNU.DE returned 5.15%/yr vs 2.51%/yr for XYLD.DE. Their correlation of 0.84 suggests significant overlap in exposure. FRNU.DE charges 0.18%/yr vs 0.16%/yr for XYLD.DE.
Performance
FRNU.DE vs. XYLD.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 XYLD.DE's 1.60% 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%
XYLD.DE
- 1D
- -0.01%
- 1M
- 1.12%
- YTD
- 1.60%
- 6M
- 0.96%
- 1Y
- 2.06%
- 3Y*
- 1.98%
- 5Y*
- 2.51%
- 10Y*
- —
FRNU.DE vs. XYLD.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% | 8.05% |
XYLD.DE Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D | 1.60% | -5.84% | 10.46% | 1.93% | -3.25% | 8.11% | 0.18% | 19.31% | 6.34% |
Correlation
The correlation between FRNU.DE and XYLD.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2018 | 0.84 |
The correlation between FRNU.DE and XYLD.DE has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.
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Return for Risk
FRNU.DE vs. XYLD.DE — Risk / Return Rank
FRNU.DE
XYLD.DE
FRNU.DE vs. XYLD.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 Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D (XYLD.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 | XYLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.06 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 0.52 | +0.51 |
| Martin ratioReturn relative to average drawdown | 2.13 | 1.24 | +0.89 |
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 | XYLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 0.32 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.35 | +0.32 |
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 | 0.58 | -0.26 |
Drawdowns
FRNU.DE vs. XYLD.DE - Drawdown Comparison
The maximum FRNU.DE drawdown since its inception was -14.79%, smaller than the maximum XYLD.DE drawdown of -16.92%. Use the drawdown chart below to compare losses from any high point for FRNU.DE and XYLD.DE.
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Drawdown Indicators
| FRNU.DE | XYLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.79% | -16.92% | +2.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -3.30% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -11.40% | -10.33% | -1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -11.40% | -11.09% | -0.31% |
Max Drawdown (10Y)Largest decline over 10 years | -14.79% | — | — |
Current DrawdownCurrent decline from peak | -6.01% | -6.41% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -4.13% | -1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 1.40% | +0.18% |
Volatility
FRNU.DE vs. XYLD.DE - Volatility Comparison
Amundi Floating Rate USD Corporate ESG UCITS ETF USD (FRNU.DE) has a higher volatility of 1.33% compared to Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D (XYLD.DE) at 0.83%. This indicates that FRNU.DE's price experiences larger fluctuations and is considered to be riskier than XYLD.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 | XYLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 0.83% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 4.19% | 3.68% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.12% | 5.44% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.60% | 7.00% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 7.66% | -0.16% |
FRNU.DE vs. XYLD.DE - Expense Ratio Comparison
FRNU.DE has a 0.18% expense ratio, which is higher than XYLD.DE's 0.16% 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. XYLD.DE - Dividend Comparison
FRNU.DE has not paid dividends to shareholders, while XYLD.DE's dividend yield for the trailing twelve months is around 3.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
XYLD.DE Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D | 3.18% | 3.52% | 2.90% | 2.74% | 5.87% | 3.00% | 3.60% | 2.59% |
Frequently Asked Questions
With a correlation of 0.92, FRNU.DE and XYLD.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XYLD.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XYLD.DE is cheaper with a 0.16% expense ratio, compared with 0.18% for FRNU.DE.
FRNU.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates, while XYLD.DE tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.18% for FRNU.DE and 0.16% for XYLD.DE.
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