FVUI.DE vs. FRNE.DE
FVUI.DE (Franklin USD Investment Grade Corporate Bond UCITS ETF) and FRNE.DE (Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF) are both Corporate Bonds funds - FVUI.DE tracks the Franklin USD Investment Grade Corporate Bond while FRNE.DE tracks the iBoxx MSCI ESG EUR FRN Investment Grade Corporates TCA Index. Both are passively managed. Over the past 3 years, FVUI.DE returned 1.75%/yr vs 3.51%/yr for FRNE.DE. At a 0.02 correlation, their price movements are largely independent. FVUI.DE charges 0.35%/yr vs 0.18%/yr for FRNE.DE.
Performance
FVUI.DE vs. FRNE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FVUI.DE achieves a 1.32% return, which is significantly higher than FRNE.DE's 1.04% return.
FVUI.DE
- 1D
- 0.08%
- 1M
- 1.16%
- YTD
- 1.32%
- 6M
- 0.52%
- 1Y
- 3.14%
- 3Y*
- 1.75%
- 5Y*
- 0.97%
- 10Y*
- —
FRNE.DE
- 1D
- 0.04%
- 1M
- 0.30%
- YTD
- 1.04%
- 6M
- 1.17%
- 1Y
- 2.61%
- 3Y*
- 3.51%
- 5Y*
- —
- 10Y*
- —
FVUI.DE vs. FRNE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FVUI.DE Franklin USD Investment Grade Corporate Bond UCITS ETF | 1.32% | -4.78% | 7.37% | 2.60% | -8.69% | 0.87% |
FRNE.DE Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF | 1.04% | 2.63% | 4.47% | 3.62% | -0.49% | -0.20% |
Correlation
The correlation between FVUI.DE and FRNE.DE is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2021 | 0.02 |
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Return for Risk
FVUI.DE vs. FRNE.DE — Risk / Return Rank
FVUI.DE
FRNE.DE
FVUI.DE vs. FRNE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin USD Investment Grade Corporate Bond UCITS ETF (FVUI.DE) and Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF (FRNE.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.
| FVUI.DE | FRNE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.78 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.52 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 8.32 | -7.54 |
| Martin ratioReturn relative to average drawdown | 1.84 | 44.27 | -42.44 |
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
| FVUI.DE | FRNE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 2.35 | -1.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 2.00 | -1.73 |
Drawdowns
FVUI.DE vs. FRNE.DE - Drawdown Comparison
The maximum FVUI.DE drawdown since its inception was -16.78%, which is greater than FRNE.DE's maximum drawdown of -1.23%. Use the drawdown chart below to compare losses from any high point for FVUI.DE and FRNE.DE.
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Drawdown Indicators
| FVUI.DE | FRNE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.78% | -1.23% | -15.55% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -0.32% | -3.23% |
Max Drawdown (3Y)Largest decline over 3 years | -11.53% | -0.51% | -11.02% |
Max Drawdown (5Y)Largest decline over 5 years | -13.77% | — | — |
Current DrawdownCurrent decline from peak | -6.12% | 0.00% | -6.12% |
Average DrawdownAverage peak-to-trough decline | -6.88% | -0.21% | -6.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 0.06% | +1.45% |
Volatility
FVUI.DE vs. FRNE.DE - Volatility Comparison
Franklin USD Investment Grade Corporate Bond UCITS ETF (FVUI.DE) has a higher volatility of 1.38% compared to Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF (FRNE.DE) at 0.29%. This indicates that FVUI.DE's price experiences larger fluctuations and is considered to be riskier than FRNE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FVUI.DE | FRNE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 0.29% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.44% | 0.89% | +3.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.12% | 1.13% | +4.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.35% | 1.17% | +8.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 1.17% | +11.78% |
FVUI.DE vs. FRNE.DE - Expense Ratio Comparison
FVUI.DE has a 0.35% expense ratio, which is higher than FRNE.DE's 0.18% expense ratio.
Dividends
FVUI.DE vs. FRNE.DE - Dividend Comparison
FVUI.DE's dividend yield for the trailing twelve months is around 3.48%, while FRNE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FRNE.DE Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FVUI.DE Franklin USD Investment Grade Corporate Bond UCITS ETF | 3.48% | 3.53% | 3.94% | 3.22% | 2.63% | 1.81% | 2.06% | 2.99% | 1.40% |
Frequently Asked Questions
FVUI.DE and FRNE.DE have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FRNE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FRNE.DE is cheaper with a 0.18% expense ratio, compared with 0.35% for FVUI.DE.
FVUI.DE tracks Franklin USD Investment Grade Corporate Bond, while FRNE.DE tracks iBoxx MSCI ESG EUR FRN Investment Grade Corporates TCA Index. They also come from different issuers: Franklin Templeton and Amundi. Their fees differ too: 0.35% for FVUI.DE and 0.18% for FRNE.DE.
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