FVUI.DE vs. FRNU.DE
FVUI.DE (Franklin USD Investment Grade Corporate Bond UCITS ETF) and FRNU.DE (Amundi Floating Rate USD Corporate ESG UCITS ETF USD) are both Corporate Bonds funds - FVUI.DE tracks the Franklin USD Investment Grade Corporate Bond while FRNU.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates. Both are passively managed. Over the past 5 years, FVUI.DE returned 0.97%/yr vs 5.15%/yr for FRNU.DE. At a 0.35 correlation, their price movements are largely independent. FVUI.DE charges 0.35%/yr vs 0.18%/yr for FRNU.DE.
Performance
FVUI.DE vs. FRNU.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 lower than FRNU.DE's 3.11% 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*
- —
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%
FVUI.DE vs. FRNU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FVUI.DE Franklin USD Investment Grade Corporate Bond UCITS ETF | 1.32% | -4.78% | 7.37% | 2.60% | -8.69% | 4.81% | -0.94% | 16.34% | 0.00% |
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% | -0.54% |
Correlation
The correlation between FVUI.DE and FRNU.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2018 | 0.35 |
Over the past year, FVUI.DE and FRNU.DE have become more correlated (0.65) than their long-term average of 0.35, meaning their price movements have been converging.
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Return for Risk
FVUI.DE vs. FRNU.DE — Risk / Return Rank
FVUI.DE
FRNU.DE
FVUI.DE vs. FRNU.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 Floating Rate USD Corporate ESG UCITS ETF USD (FRNU.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 | FRNU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.10 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 1.03 | -0.25 |
| Martin ratioReturn relative to average drawdown | 1.84 | 2.13 | -0.29 |
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 | FRNU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 0.55 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.67 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.32 | -0.04 |
Drawdowns
FVUI.DE vs. FRNU.DE - Drawdown Comparison
The maximum FVUI.DE drawdown since its inception was -16.78%, which is greater than FRNU.DE's maximum drawdown of -14.79%. Use the drawdown chart below to compare losses from any high point for FVUI.DE and FRNU.DE.
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Drawdown Indicators
| FVUI.DE | FRNU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.78% | -14.79% | -1.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -3.25% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -11.53% | -11.40% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -13.77% | -11.40% | -2.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.79% | — |
Current DrawdownCurrent decline from peak | -6.12% | -6.01% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -6.88% | -5.47% | -1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 1.58% | -0.07% |
Volatility
FVUI.DE vs. FRNU.DE - Volatility Comparison
Franklin USD Investment Grade Corporate Bond UCITS ETF (FVUI.DE) and Amundi Floating Rate USD Corporate ESG UCITS ETF USD (FRNU.DE) have volatilities of 1.38% and 1.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FVUI.DE | FRNU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 1.33% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 4.44% | 4.19% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.12% | 6.12% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.35% | 7.60% | +1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 7.50% | +5.45% |
FVUI.DE vs. FRNU.DE - Expense Ratio Comparison
FVUI.DE has a 0.35% expense ratio, which is higher than FRNU.DE's 0.18% expense ratio.
Dividends
FVUI.DE vs. FRNU.DE - Dividend Comparison
FVUI.DE's dividend yield for the trailing twelve months is around 3.48%, while FRNU.DE has not paid dividends to shareholders.
| 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% |
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 FRNU.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FRNU.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FRNU.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 FRNU.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates. They also come from different issuers: Franklin Templeton and Amundi. Their fees differ too: 0.35% for FVUI.DE and 0.18% for FRNU.DE.
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