IBCD.DE vs. FRNU.DE
IBCD.DE (iShares USD Corporate Bond UCITS ETF (Dist)) and FRNU.DE (Amundi Floating Rate USD Corporate ESG UCITS ETF USD) are both Corporate Bonds funds - IBCD.DE tracks the iBoxx® USD Liquid Investment Grade while FRNU.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates. Both are passively managed. Over the past 10 years, IBCD.DE returned 1.88%/yr vs 2.93%/yr for FRNU.DE. A 0.61 correlation means they provide meaningful diversification when combined. IBCD.DE charges 0.20%/yr vs 0.18%/yr for FRNU.DE.
Performance
IBCD.DE vs. FRNU.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBCD.DE achieves a 1.30% return, which is significantly lower than FRNU.DE's 3.11% return. Over the past 10 years, IBCD.DE has underperformed FRNU.DE with an annualized return of 1.88%, while FRNU.DE has yielded a comparatively higher 2.93% annualized return.
IBCD.DE
- 1D
- 0.20%
- 1M
- 1.19%
- YTD
- 1.30%
- 6M
- 0.27%
- 1Y
- 3.27%
- 3Y*
- 1.65%
- 5Y*
- 0.50%
- 10Y*
- 1.88%
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%
IBCD.DE vs. FRNU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCD.DE iShares USD Corporate Bond UCITS ETF (Dist) | 1.30% | -4.58% | 6.33% | 4.97% | -12.66% | 6.14% | 0.35% | 20.25% | -0.24% | -6.49% |
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% |
Correlation
The correlation between IBCD.DE and FRNU.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2015 | 0.61 |
The correlation between IBCD.DE and FRNU.DE shifts across timeframes, from 0.45 (3 years) to 0.61 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBCD.DE vs. FRNU.DE — Risk / Return Rank
IBCD.DE
FRNU.DE
IBCD.DE vs. FRNU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond UCITS ETF (Dist) (IBCD.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.
| IBCD.DE | FRNU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.10 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 1.03 | -0.29 |
| Martin ratioReturn relative to average drawdown | 1.78 | 2.13 | -0.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IBCD.DE | FRNU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | 0.55 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.67 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.39 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.32 | -0.16 |
Drawdowns
IBCD.DE vs. FRNU.DE - Drawdown Comparison
The maximum IBCD.DE drawdown since its inception was -41.86%, 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 IBCD.DE and FRNU.DE.
Loading charts...
Drawdown Indicators
| IBCD.DE | FRNU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.86% | -14.79% | -27.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.93% | -3.25% | -0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -11.40% | -0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | -11.40% | -5.72% |
Max Drawdown (10Y)Largest decline over 10 years | -17.51% | -14.79% | -2.72% |
Current DrawdownCurrent decline from peak | -7.49% | -6.01% | -1.48% |
Average DrawdownAverage peak-to-trough decline | -9.84% | -5.47% | -4.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.58% | +0.07% |
Volatility
IBCD.DE vs. FRNU.DE - Volatility Comparison
iShares USD Corporate Bond UCITS ETF (Dist) (IBCD.DE) and Amundi Floating Rate USD Corporate ESG UCITS ETF USD (FRNU.DE) have volatilities of 1.33% 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.
Loading charts...
Volatility by Period
| IBCD.DE | FRNU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.33% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 4.19% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.21% | 6.12% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.18% | 7.60% | +1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.07% | 7.50% | +1.57% |
IBCD.DE vs. FRNU.DE - Expense Ratio Comparison
IBCD.DE has a 0.20% expense ratio, which is higher than FRNU.DE's 0.18% 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
IBCD.DE vs. FRNU.DE - Dividend Comparison
IBCD.DE's dividend yield for the trailing twelve months is around 4.24%, while FRNU.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
IBCD.DE iShares USD Corporate Bond UCITS ETF (Dist) | 4.24% | 4.39% | 4.52% | 4.34% | 3.60% | 2.21% | 2.56% | 3.06% | 3.09% | 3.02% | 2.97% | 3.00% |
Frequently Asked Questions
IBCD.DE and FRNU.DE have a correlation of 0.56, 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 0.20% for IBCD.DE.
IBCD.DE tracks iBoxx® USD Liquid Investment Grade, while FRNU.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for IBCD.DE and 0.18% for FRNU.DE.
Find the right allocation for IBCD.DE and FRNU.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer