SXRF.DE vs. FRNU.DE
SXRF.DE (iShares $ Intermediate Credit Bond UCITS ETF USD (Dist)) and FRNU.DE (Amundi Floating Rate USD Corporate ESG UCITS ETF USD) are both Corporate Bonds funds - SXRF.DE tracks the Bloomberg US Intermediate Credit Index while FRNU.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates. Both are passively managed. Over the past 5 years, SXRF.DE returned 2.42%/yr vs 4.97%/yr for FRNU.DE. Their correlation of 0.82 suggests significant overlap in exposure. SXRF.DE charges 0.15%/yr vs 0.18%/yr for FRNU.DE.
Performance
SXRF.DE vs. FRNU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRF.DE achieves a 3.61% return, which is significantly lower than FRNU.DE's 5.09% return.
SXRF.DE
- 1D
- 0.00%
- 1M
- 1.91%
- 6M
- 3.13%
- YTD
- 3.61%
- 1Y
- 7.18%
- 3Y*
- 3.97%
- 5Y*
- 2.42%
- 10Y*
- —
FRNU.DE
- 1D
- 0.12%
- 1M
- 1.86%
- 6M
- 4.90%
- YTD
- 5.09%
- 1Y
- 7.95%
- 3Y*
- 3.91%
- 5Y*
- 4.97%
- 10Y*
- 2.87%
SXRF.DE vs. FRNU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRF.DE iShares $ Intermediate Credit Bond UCITS ETF USD (Dist) | 3.61% | -4.30% | 10.07% | 2.89% | -3.43% | 7.01% | -2.85% | 12.53% | 4.12% | -8.27% |
FRNU.DE Amundi Floating Rate USD Corporate ESG UCITS ETF USD | 5.09% | -6.54% | 12.72% | 2.79% | 7.34% | 8.64% | -7.76% | 7.65% | 4.93% | -8.19% |
Correlation
The correlation between SXRF.DE and FRNU.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since May 10, 2017 | 0.82 |
The correlation between SXRF.DE and FRNU.DE has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.
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Return for Risk
SXRF.DE vs. FRNU.DE — Risk / Return Rank
SXRF.DE
FRNU.DE
SXRF.DE vs. FRNU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Intermediate Credit Bond UCITS ETF USD (Dist) (SXRF.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.
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.
| SXRF.DE | FRNU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 2.44 | -0.18 |
| Martin ratioReturn relative to average drawdown | 5.97 | 5.60 | +0.37 |
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Drawdowns
SXRF.DE vs. FRNU.DE - Drawdown Comparison
The maximum SXRF.DE drawdown since its inception was -20.60%, which is greater than FRNU.DE's maximum drawdown of -19.45%. Use the drawdown chart below to compare losses from any high point for SXRF.DE and FRNU.DE.
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Drawdown Indicators
| SXRF.DE | FRNU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.60% | -19.45% | -1.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -3.25% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -9.48% | -11.41% | +1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -10.49% | -11.41% | +0.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.45% | — |
Current DrawdownCurrent decline from peak | -2.98% | -4.20% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -6.48% | -7.79% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 1.42% | -0.22% |
Volatility
SXRF.DE vs. FRNU.DE - Volatility Comparison
The current volatility for iShares $ Intermediate Credit Bond UCITS ETF USD (Dist) (SXRF.DE) is 1.55%, while Amundi Floating Rate USD Corporate ESG UCITS ETF USD (FRNU.DE) has a volatility of 1.70%. This indicates that SXRF.DE experiences smaller price fluctuations and is considered to be less risky than FRNU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXRF.DE | FRNU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.70% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 4.35% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.60% | 6.12% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.10% | 7.58% | -0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.05% | 16.96% | -7.91% |
SXRF.DE vs. FRNU.DE - Expense Ratio Comparison
SXRF.DE has a 0.15% expense ratio, which is lower than FRNU.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
SXRF.DE vs. FRNU.DE - Dividend Comparison
SXRF.DE's dividend yield for the trailing twelve months is around 5.44%, while FRNU.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SXRF.DE iShares $ Intermediate Credit Bond UCITS ETF USD (Dist) | 5.44% | 4.55% | 3.62% | 2.79% | 1.94% | 1.82% | 3.03% | 2.91% | 2.57% | 0.47% |
Frequently Asked Questions
SXRF.DE and FRNU.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRF.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRF.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for FRNU.DE.
SXRF.DE tracks Bloomberg US Intermediate Credit Index, 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: 0.15% for SXRF.DE and 0.18% for FRNU.DE.
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