SYBF.DE vs. FRNH.DE
SYBF.DE (SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF) and FRNH.DE (Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc)) are both Corporate Bonds funds - SYBF.DE tracks the Bloomberg US Corporate 0-3 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, SYBF.DE returned 2.25%/yr vs 1.21%/yr for FRNH.DE. At a 0.01 correlation, their price movements are largely independent. SYBF.DE charges 0.12%/yr vs 0.20%/yr for FRNH.DE.
Performance
SYBF.DE vs. FRNH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBF.DE achieves a 4.33% return, which is significantly higher than FRNH.DE's 1.35% return. Over the past 10 years, SYBF.DE has outperformed FRNH.DE with an annualized return of 2.25%, while FRNH.DE has yielded a comparatively lower 1.21% annualized return.
SYBF.DE
- 1D
- 0.07%
- 1M
- 1.86%
- 6M
- 4.21%
- YTD
- 4.33%
- 1Y
- 7.10%
- 3Y*
- 3.63%
- 5Y*
- 3.73%
- 10Y*
- 2.25%
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%
SYBF.DE vs. FRNH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYBF.DE SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF | 4.33% | -6.20% | 11.43% | 1.73% | 3.87% | 8.26% | -6.08% | 7.11% | 6.39% | -11.09% |
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 SYBF.DE and FRNH.DE is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2016 | 0.01 |
The correlation between SYBF.DE and FRNH.DE shifts across timeframes, from -0.11 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SYBF.DE vs. FRNH.DE — Risk / Return Rank
SYBF.DE
FRNH.DE
SYBF.DE vs. FRNH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF (SYBF.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.
| SYBF.DE | FRNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.99 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.90 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 8.08 | -5.86 |
| Martin ratioReturn relative to average drawdown | 5.58 | 39.13 | -33.55 |
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Drawdowns
SYBF.DE vs. FRNH.DE - Drawdown Comparison
The maximum SYBF.DE drawdown since its inception was -28.15%, 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 SYBF.DE and FRNH.DE.
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Drawdown Indicators
| SYBF.DE | FRNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.15% | -15.25% | -12.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -0.36% | -2.83% |
Max Drawdown (3Y)Largest decline over 3 years | -10.86% | -1.39% | -9.47% |
Max Drawdown (5Y)Largest decline over 5 years | -11.57% | -3.19% | -8.38% |
Max Drawdown (10Y)Largest decline over 10 years | -19.82% | -15.25% | -4.57% |
Current DrawdownCurrent decline from peak | -4.39% | 0.00% | -4.39% |
Average DrawdownAverage peak-to-trough decline | -8.92% | -0.87% | -8.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 0.07% | +1.20% |
Volatility
SYBF.DE vs. FRNH.DE - Volatility Comparison
SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF (SYBF.DE) has a higher volatility of 1.53% compared to Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) (FRNH.DE) at 0.10%. This indicates that SYBF.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
| SYBF.DE | FRNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 0.10% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 4.06% | 0.71% | +3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.72% | 0.90% | +4.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.07% | 2.42% | +4.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.66% | 3.36% | +7.30% |
SYBF.DE vs. FRNH.DE - Expense Ratio Comparison
SYBF.DE has a 0.12% 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
SYBF.DE vs. FRNH.DE - Dividend Comparison
SYBF.DE's dividend yield for the trailing twelve months is around 4.51%, 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% |
SYBF.DE SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF | 4.51% | 5.03% | 4.10% | 3.10% | 1.21% | 1.74% | 2.86% | 2.43% | 1.68% | 1.77% | 1.36% | 1.02% |
Frequently Asked Questions
SYBF.DE and FRNH.DE have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBF.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBF.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for FRNH.DE.
SYBF.DE tracks Bloomberg US Corporate 0-3, while FRNH.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates Index (EUR Hedged). They also come from different issuers: State Street and Amundi. Their fees differ too: 0.12% for SYBF.DE and 0.20% for FRNH.DE.
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