IS3F.DE vs. FRNH.DE
IS3F.DE (iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist)) and FRNH.DE (Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc)) are both Corporate Bonds funds - IS3F.DE tracks the Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index while FRNH.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates Index (EUR Hedged). Both are passively managed. Over the past 10 years, IS3F.DE returned 4.24%/yr vs 1.21%/yr for FRNH.DE. At a 0.06 correlation, their price movements are largely independent. IS3F.DE charges 0.25%/yr vs 0.20%/yr for FRNH.DE.
Performance
IS3F.DE vs. FRNH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3F.DE achieves a 5.49% return, which is significantly higher than FRNH.DE's 1.35% return. Over the past 10 years, IS3F.DE has outperformed FRNH.DE with an annualized return of 4.24%, while FRNH.DE has yielded a comparatively lower 1.21% 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%
FRNH.DE
- 1D
- 0.02%
- 1M
- 0.27%
- 6M
- 1.33%
- YTD
- 1.35%
- 1Y
- 2.90%
- 3Y*
- 3.76%
- 5Y*
- 2.38%
- 10Y*
- 1.21%
IS3F.DE vs. FRNH.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% |
FRNH.DE Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) | 1.35% | 2.90% | 4.99% | 4.33% | -0.84% | -0.64% | -0.04% | 2.05% | -2.60% | 0.20% |
Correlation
The correlation between IS3F.DE and FRNH.DE is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2016 | 0.06 |
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Return for Risk
IS3F.DE vs. FRNH.DE — Risk / Return Rank
IS3F.DE
FRNH.DE
IS3F.DE vs. FRNH.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 USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) (FRNH.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 | FRNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.90 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 8.08 | -5.32 |
| Martin ratioReturn relative to average drawdown | 7.08 | 39.13 | -32.05 |
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Drawdowns
IS3F.DE vs. FRNH.DE - Drawdown Comparison
The maximum IS3F.DE drawdown since its inception was -27.25%, which is greater than FRNH.DE's maximum drawdown of -15.25%. Use the drawdown chart below to compare losses from any high point for IS3F.DE and FRNH.DE.
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Drawdown Indicators
| IS3F.DE | FRNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.25% | -15.25% | -12.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -0.36% | -2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -11.67% | -1.39% | -10.28% |
Max Drawdown (5Y)Largest decline over 5 years | -11.67% | -3.19% | -8.48% |
Max Drawdown (10Y)Largest decline over 10 years | -20.78% | -15.25% | -5.53% |
Current DrawdownCurrent decline from peak | -3.40% | 0.00% | -3.40% |
Average DrawdownAverage peak-to-trough decline | -8.18% | -0.87% | -7.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 0.07% | +1.07% |
Volatility
IS3F.DE vs. FRNH.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 USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) (FRNH.DE) at 0.10%. This indicates that IS3F.DE's price experiences larger fluctuations and is considered to be riskier than FRNH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3F.DE | FRNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 0.10% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 4.53% | 0.71% | +3.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.38% | 0.90% | +5.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.66% | 2.42% | +5.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.21% | 3.36% | +4.85% |
IS3F.DE vs. FRNH.DE - Expense Ratio Comparison
IS3F.DE has a 0.25% expense ratio, which is higher than FRNH.DE's 0.20% 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. FRNH.DE - Dividend Comparison
IS3F.DE's dividend yield for the trailing twelve months is around 4.25%, while FRNH.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRNH.DE Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) | 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 FRNH.DE have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FRNH.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FRNH.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for IS3F.DE.
IS3F.DE tracks Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index, while FRNH.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates Index (EUR Hedged). They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for IS3F.DE and 0.20% for FRNH.DE.
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