QDVY.DE vs. FRNH.DE
QDVY.DE (iShares USD Floating Rate Bond UCITS ETF) and FRNH.DE (Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc)) are both Corporate Bonds funds - QDVY.DE tracks the Bloomberg US Floating Rate Notes 1-5 while FRNH.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates Index (EUR Hedged). Both are passively managed. Over the past 5 years, QDVY.DE returned 4.99%/yr vs 2.43%/yr for FRNH.DE. At a 0.01 correlation, their price movements are largely independent. QDVY.DE charges 0.10%/yr vs 0.20%/yr for FRNH.DE.
Performance
QDVY.DE vs. FRNH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVY.DE achieves a 5.04% return, which is significantly higher than FRNH.DE's 1.44% return.
QDVY.DE
- 1D
- 0.00%
- 1M
- 1.61%
- 6M
- 3.59%
- YTD
- 5.04%
- 1Y
- 5.96%
- 3Y*
- 4.93%
- 5Y*
- 4.99%
- 10Y*
- —
FRNH.DE
- 1D
- -0.04%
- 1M
- 0.23%
- 6M
- 1.24%
- YTD
- 1.44%
- 1Y
- 2.84%
- 3Y*
- 3.73%
- 5Y*
- 2.43%
- 10Y*
- 1.22%
QDVY.DE vs. FRNH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QDVY.DE iShares USD Floating Rate Bond UCITS ETF | 5.04% | -6.57% | 12.71% | 2.90% | 7.46% | 9.00% | -8.10% | 6.74% | 5.86% | -15.81% |
FRNH.DE Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) | 1.44% | 2.90% | 4.99% | 4.33% | -0.84% | -0.64% | -0.04% | 2.05% | -2.60% | -0.08% |
Correlation
The correlation between QDVY.DE and FRNH.DE is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.01 |
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Return for Risk
QDVY.DE vs. FRNH.DE — Risk / Return Rank
QDVY.DE
FRNH.DE
QDVY.DE vs. FRNH.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 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.
| QDVY.DE | FRNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -3.24 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.86 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 7.91 | -6.07 |
| Martin ratioReturn relative to average drawdown | 4.49 | 38.31 | -33.83 |
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Drawdowns
QDVY.DE vs. FRNH.DE - Drawdown Comparison
The maximum QDVY.DE drawdown since its inception was -19.19%, 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 QDVY.DE and FRNH.DE.
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Drawdown Indicators
| QDVY.DE | FRNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.19% | -15.25% | -3.94% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -0.36% | -2.85% |
Max Drawdown (3Y)Largest decline over 3 years | -11.29% | -1.39% | -9.90% |
Max Drawdown (5Y)Largest decline over 5 years | -11.29% | -3.17% | -8.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.25% | — |
Current DrawdownCurrent decline from peak | -4.24% | -0.04% | -4.20% |
Average DrawdownAverage peak-to-trough decline | -7.34% | -0.87% | -6.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 0.07% | +1.25% |
Volatility
QDVY.DE vs. FRNH.DE - Volatility Comparison
iShares USD Floating Rate Bond UCITS ETF (QDVY.DE) has a higher volatility of 1.50% compared to Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) (FRNH.DE) at 0.12%. This indicates that QDVY.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
| QDVY.DE | FRNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 0.12% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 4.35% | 0.52% | +3.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.07% | 0.90% | +5.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.84% | 2.42% | +5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.01% | 3.36% | +5.65% |
QDVY.DE vs. FRNH.DE - Expense Ratio Comparison
QDVY.DE has a 0.10% expense ratio, which is lower than FRNH.DE's 0.20% 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. FRNH.DE - Dividend Comparison
QDVY.DE's dividend yield for the trailing twelve months is around 4.61%, while FRNH.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
QDVY.DE iShares USD Floating Rate Bond UCITS ETF | 4.61% | 5.18% | 5.89% | 5.61% | 1.50% | 0.57% | 1.75% | 2.94% | 2.20% | 0.47% |
Frequently Asked Questions
QDVY.DE and FRNH.DE have a correlation of -0.08, 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 0.20% for FRNH.DE.
QDVY.DE tracks Bloomberg US Floating Rate Notes 1-5, 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: 0.10% for QDVY.DE and 0.20% for FRNH.DE.
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