IS3F.DE vs. FRNE.DE
IS3F.DE (iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist)) and FRNE.DE (Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF) are both Corporate Bonds funds - IS3F.DE tracks the Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index while FRNE.DE tracks the iBoxx MSCI ESG EUR FRN Investment Grade Corporates TCA Index. Both are passively managed. Over the past 10 years, IS3F.DE returned 4.24%/yr vs 1.05%/yr for FRNE.DE. At a 0.01 correlation, their price movements are largely independent. IS3F.DE charges 0.25%/yr vs 0.18%/yr for FRNE.DE.
Performance
IS3F.DE vs. FRNE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IS3F.DE achieves a 5.49% return, which is significantly higher than FRNE.DE's 1.22% return. Over the past 10 years, IS3F.DE has outperformed FRNE.DE with an annualized return of 4.24%, while FRNE.DE has yielded a comparatively lower 1.05% annualized return.
IS3F.DE
- 1D
- 0.34%
- 1M
- 1.62%
- 6M
- 5.29%
- YTD
- 5.49%
- 1Y
- 8.12%
- 3Y*
- 5.78%
- 5Y*
- 6.07%
- 10Y*
- 4.24%
FRNE.DE
- 1D
- -0.01%
- 1M
- 0.21%
- 6M
- 1.23%
- YTD
- 1.22%
- 1Y
- 2.46%
- 3Y*
- 3.52%
- 5Y*
- 2.21%
- 10Y*
- 1.05%
IS3F.DE vs. FRNE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3F.DE iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 5.49% | -6.28% | 14.29% | 7.35% | 6.51% | 9.83% | -8.41% | 13.49% | 1.81% | -8.14% |
FRNE.DE Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF | 1.22% | 2.63% | 4.47% | 3.62% | -0.49% | -0.38% | -0.11% | 0.89% | -1.37% | 0.09% |
Correlation
The correlation between IS3F.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 | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2014 | 0.01 |
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
IS3F.DE vs. FRNE.DE — Risk / Return Rank
IS3F.DE
FRNE.DE
IS3F.DE vs. FRNE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (IS3F.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IS3F.DE | FRNE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.49 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 9.43 | -6.67 |
| Martin ratioReturn relative to average drawdown | 7.08 | 40.44 | -33.36 |
Loading charts...
Drawdowns
IS3F.DE vs. FRNE.DE - Drawdown Comparison
The maximum IS3F.DE drawdown since its inception was -27.25%, which is greater than FRNE.DE's maximum drawdown of -6.19%. Use the drawdown chart below to compare losses from any high point for IS3F.DE and FRNE.DE.
Loading charts...
Drawdown Indicators
| IS3F.DE | FRNE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.25% | -6.19% | -21.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -0.26% | -2.67% |
Max Drawdown (3Y)Largest decline over 3 years | -11.67% | -0.50% | -11.17% |
Max Drawdown (5Y)Largest decline over 5 years | -11.67% | -1.43% | -10.24% |
Max Drawdown (10Y)Largest decline over 10 years | -20.78% | -6.19% | -14.59% |
Current DrawdownCurrent decline from peak | -3.40% | -0.01% | -3.39% |
Average DrawdownAverage peak-to-trough decline | -8.18% | -0.52% | -7.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 0.06% | +1.08% |
Volatility
IS3F.DE vs. FRNE.DE - Volatility Comparison
iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (IS3F.DE) has a higher volatility of 1.90% compared to Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF (FRNE.DE) at 0.20%. This indicates that IS3F.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.
Loading charts...
Volatility by Period
| IS3F.DE | FRNE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 0.20% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 4.53% | 0.90% | +3.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.38% | 1.08% | +5.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.66% | 1.15% | +6.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.21% | 1.44% | +6.77% |
IS3F.DE vs. FRNE.DE - Expense Ratio Comparison
IS3F.DE has a 0.25% expense ratio, which is higher than FRNE.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
IS3F.DE vs. FRNE.DE - Dividend Comparison
IS3F.DE's dividend yield for the trailing twelve months is around 4.25%, while FRNE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
IS3F.DE iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 4.25% | 4.77% | 5.36% | 4.95% | 2.10% | 1.50% | 2.62% | 3.52% | 2.81% | 2.25% | 2.36% | 3.21% |
Frequently Asked Questions
IS3F.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 0.25% for IS3F.DE.
IS3F.DE tracks Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index, while FRNE.DE tracks iBoxx MSCI ESG EUR FRN Investment Grade Corporates TCA Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for IS3F.DE and 0.18% for FRNE.DE.
Find the right allocation for IS3F.DE and FRNE.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