QDVY.DE vs. FRNE.DE
QDVY.DE (iShares USD Floating Rate Bond UCITS ETF) and FRNE.DE (Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF) are both Corporate Bonds funds - QDVY.DE tracks the Bloomberg US Floating Rate Notes 1-5 while FRNE.DE tracks the iBoxx MSCI ESG EUR FRN Investment Grade Corporates TCA Index. Both are passively managed. Over the past 3 years, QDVY.DE returned -0.58%/yr vs 3.51%/yr for FRNE.DE. At a correlation of -0.04, they often move in opposite directions. QDVY.DE charges 0.10%/yr vs 0.18%/yr for FRNE.DE.
Performance
QDVY.DE vs. FRNE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVY.DE achieves a 0.88% return, which is significantly lower than FRNE.DE's 1.04% return.
QDVY.DE
- 1D
- -0.14%
- 1M
- -0.63%
- YTD
- 0.88%
- 6M
- 0.12%
- 1Y
- -1.37%
- 3Y*
- -0.58%
- 5Y*
- 3.10%
- 10Y*
- —
FRNE.DE
- 1D
- 0.04%
- 1M
- 0.30%
- YTD
- 1.04%
- 6M
- 1.17%
- 1Y
- 2.61%
- 3Y*
- 3.51%
- 5Y*
- —
- 10Y*
- —
QDVY.DE vs. FRNE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QDVY.DE iShares USD Floating Rate Bond UCITS ETF | 0.88% | -11.19% | 9.21% | 2.97% | 7.53% | 2.04% |
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 QDVY.DE and FRNE.DE is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2021 | -0.04 |
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Return for Risk
QDVY.DE vs. FRNE.DE — Risk / Return Rank
QDVY.DE
FRNE.DE
QDVY.DE vs. FRNE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Floating Rate Bond UCITS ETF (QDVY.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.
| QDVY.DE | FRNE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.57 | ||
| Sortino ratioReturn per unit of downside risk | -3.72 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.52 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 8.32 | -8.59 |
| Martin ratioReturn relative to average drawdown | -0.59 | 44.27 | -44.86 |
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
| QDVY.DE | FRNE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.23 | 2.35 | -2.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 2.00 | -1.73 |
Drawdowns
QDVY.DE vs. FRNE.DE - Drawdown Comparison
The maximum QDVY.DE drawdown since its inception was -14.81%, 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 QDVY.DE and FRNE.DE.
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Drawdown Indicators
| QDVY.DE | FRNE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.81% | -1.23% | -13.58% |
Max Drawdown (1Y)Largest decline over 1 year | -5.67% | -0.32% | -5.35% |
Max Drawdown (3Y)Largest decline over 3 years | -14.81% | -0.51% | -14.30% |
Max Drawdown (5Y)Largest decline over 5 years | -14.81% | — | — |
Current DrawdownCurrent decline from peak | -12.65% | 0.00% | -12.65% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -0.21% | -4.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 0.06% | +2.57% |
Volatility
QDVY.DE vs. FRNE.DE - Volatility Comparison
iShares USD Floating Rate Bond UCITS ETF (QDVY.DE) has a higher volatility of 2.20% compared to Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF (FRNE.DE) at 0.29%. This indicates that QDVY.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
| QDVY.DE | FRNE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 0.29% | +1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 4.35% | 0.89% | +3.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.84% | 1.13% | +5.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.90% | 1.17% | +6.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.71% | 1.17% | +6.54% |
QDVY.DE vs. FRNE.DE - Expense Ratio Comparison
QDVY.DE has a 0.10% expense ratio, which is lower than FRNE.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
QDVY.DE vs. FRNE.DE - Dividend Comparison
Neither QDVY.DE nor FRNE.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
QDVY.DE iShares USD Floating Rate Bond UCITS ETF | 0.00% | 0.00% | 2.90% | 5.61% | 1.50% | 0.57% | 1.75% | 2.94% | 2.20% | 0.47% |
Frequently Asked Questions
QDVY.DE and FRNE.DE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVY.DE is cheaper with a 0.10% expense ratio, compared with 0.18% for FRNE.DE.
QDVY.DE tracks Bloomberg US Floating Rate Notes 1-5, 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: 0.10% for QDVY.DE and 0.18% for FRNE.DE.
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