FRNU.DE vs. XZBU.DE
FRNU.DE (Amundi Floating Rate USD Corporate ESG UCITS ETF USD) and XZBU.DE (Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C) are both Corporate Bonds funds - FRNU.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates while XZBU.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 0.68%/yr for XZBU.DE. At a 0.48 correlation, their price movements are largely independent. FRNU.DE charges 0.18%/yr vs 0.16%/yr for XZBU.DE.
Performance
FRNU.DE vs. XZBU.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 XZBU.DE's 1.33% 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%
XZBU.DE
- 1D
- 0.15%
- 1M
- 1.09%
- YTD
- 1.33%
- 6M
- 0.54%
- 1Y
- 3.92%
- 3Y*
- 2.09%
- 5Y*
- 0.68%
- 10Y*
- —
FRNU.DE vs. XZBU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FRNU.DE Amundi Floating Rate USD Corporate ESG UCITS ETF USD | 3.11% | -6.55% | 12.73% | 2.79% | 7.34% | 8.64% | -3.50% |
XZBU.DE Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C | 1.33% | -3.98% | 6.63% | 5.34% | -13.42% | 6.21% | -1.19% |
Correlation
The correlation between FRNU.DE and XZBU.DE is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | 0.48 |
The correlation between FRNU.DE and XZBU.DE has been stable across timeframes, ranging from 0.45 to 0.54 - a consistent structural relationship.
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Return for Risk
FRNU.DE vs. XZBU.DE — Risk / Return Rank
FRNU.DE
XZBU.DE
FRNU.DE vs. XZBU.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 SRI PAB UCITS ETF 1C (XZBU.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 | XZBU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.10 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 0.91 | +0.12 |
| Martin ratioReturn relative to average drawdown | 2.13 | 2.28 | -0.15 |
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 | XZBU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 0.55 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.07 | +0.60 |
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 | -0.01 | +0.33 |
Drawdowns
FRNU.DE vs. XZBU.DE - Drawdown Comparison
The maximum FRNU.DE drawdown since its inception was -14.79%, smaller than the maximum XZBU.DE drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for FRNU.DE and XZBU.DE.
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Drawdown Indicators
| FRNU.DE | XZBU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.79% | -17.79% | +3.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -3.73% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -11.40% | -12.28% | +0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -11.40% | -17.79% | +6.39% |
Max Drawdown (10Y)Largest decline over 10 years | -14.79% | — | — |
Current DrawdownCurrent decline from peak | -6.01% | -6.99% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -7.99% | +2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 1.48% | +0.10% |
Volatility
FRNU.DE vs. XZBU.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 SRI PAB UCITS ETF 1C (XZBU.DE) at 1.25%. This indicates that FRNU.DE's price experiences larger fluctuations and is considered to be riskier than XZBU.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 | XZBU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.25% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 4.19% | 4.28% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.12% | 6.18% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.60% | 9.15% | -1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 8.95% | -1.45% |
FRNU.DE vs. XZBU.DE - Expense Ratio Comparison
FRNU.DE has a 0.18% expense ratio, which is higher than XZBU.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. XZBU.DE - Dividend Comparison
Neither FRNU.DE nor XZBU.DE has paid dividends to shareholders.
Frequently Asked Questions
FRNU.DE and XZBU.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZBU.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZBU.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 XZBU.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 XZBU.DE.
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