TIGB.L vs. FRNU.DE

Last updated Apr 3, 2026

Compare and contrast key facts about Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.L) and Amundi Floating Rate USD Corporate ESG UCITS ETF USD (FRNU.DE).

TIGB.L and FRNU.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TIGB.L is a passively managed fund by Invesco that tracks the performance of the Bloomberg US Treasury Coupons Index. It was launched on Jan 21, 2020. FRNU.DE is a passively managed fund by Amundi that tracks the performance of the iBoxx MSCI ESG USD FRN Investment Grade Corporates. It was launched on Apr 5, 2018. Both TIGB.L and FRNU.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

TIGB.L vs. FRNU.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.L) and Amundi Floating Rate USD Corporate ESG UCITS ETF USD (FRNU.DE). The values are adjusted to include any dividend payments, if applicable.

TIGB.L vs. FRNU.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TIGB.L Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist	0.80%	4.10%	4.94%	4.27%	0.03%
FRNU.DE Amundi Floating Rate USD Corporate ESG UCITS ETF USD	2.47%	-1.69%	7.82%	0.73%	13.27%

Different Trading Currencies

TIGB.L is traded in GBp, while FRNU.DE is traded in EUR. To make them comparable, the FRNU.DE values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, TIGB.L achieves a 0.80% return, which is significantly lower than FRNU.DE's 2.47% return.

TIGB.L

• 1D: 0.02%
• 1M: 0.28%
• YTD: 0.80%
• 6M: 1.75%
• 1Y: 3.93%
• 3Y*: 4.39%
• 5Y*: —
• 10Y*: —

FRNU.DE

• 1D: 0.38%
• 1M: 0.63%
• YTD: 2.47%
• 6M: 3.11%
• 1Y: 2.78%
• 3Y*: 3.58%
• 5Y*: 4.83%
• 10Y*: 3.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TIGB.L vs. FRNU.DE - Expense Ratio Comparison

TIGB.L has a 0.10% 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%.

FRNU.DE

Amundi Floating Rate USD Corporate ESG UCITS ETF USD

TIGB.L

Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist

Return for Risk

TIGB.L vs. FRNU.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TIGB.L

TIGB.L Risk / Return Rank: 99
TIGB.L Sharpe Ratio Rank: 99
TIGB.L Sortino Ratio Rank: 99
TIGB.L Omega Ratio Rank: 99
TIGB.L Calmar Ratio Rank: 99
TIGB.L Martin Ratio Rank: 99

FRNU.DE

FRNU.DE Risk / Return Rank: 9
FRNU.DE Sharpe Ratio Rank: 8
FRNU.DE Sortino Ratio Rank: 6
FRNU.DE Omega Ratio Rank: 7
FRNU.DE Calmar Ratio Rank: 11
FRNU.DE Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TIGB.L vs. FRNU.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.L) 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.

	TIGB.L	FRNU.DE	Difference
Sharpe ratio Return per unit of total volatility	4.29	0.38	+3.91
Sortino ratio Return per unit of downside risk	6.98	0.56	+6.42
Omega ratio Gain probability vs. loss probability	2.42	1.07	+1.35
Calmar ratio Return relative to maximum drawdown	13.49	0.63	+12.86
Martin ratio Return relative to average drawdown	76.45	1.23	+75.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TIGB.L vs. FRNU.DE - Sharpe Ratio Comparison

The current TIGB.L Sharpe Ratio is 4.29, which is higher than the FRNU.DE Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of TIGB.L and FRNU.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TIGB.L	FRNU.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.29	0.38	+3.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.55	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.66	0.43	+5.23

Correlation

The correlation between TIGB.L and FRNU.DE is -0.13. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

TIGB.L vs. FRNU.DE - Dividend Comparison

TIGB.L's dividend yield for the trailing twelve months is around 3.95%, while FRNU.DE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020
TIGB.L Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist	3.95%	4.11%	4.93%	4.53%	1.46%	0.00%	0.00%
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%

Drawdowns

TIGB.L vs. FRNU.DE - Drawdown Comparison

The maximum TIGB.L drawdown since its inception was -0.50%, smaller than the maximum FRNU.DE drawdown of -14.59%. Use the drawdown chart below to compare losses from any high point for TIGB.L and FRNU.DE.

Drawdown Indicators

	TIGB.L	FRNU.DE	Difference
Max Drawdown Largest peak-to-trough decline	-0.50%	-14.79%	+14.29%
Max Drawdown (1Y) Largest decline over 1 year	-0.28%	-5.60%	+5.32%
Max Drawdown (5Y) Largest decline over 5 years	—	-11.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-14.79%	—
Current Drawdown Current decline from peak	0.00%	-6.61%	+6.61%
Average Drawdown Average peak-to-trough decline	-0.03%	-5.44%	+5.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.05%	3.13%	-3.08%

Volatility

TIGB.L vs. FRNU.DE - Volatility Comparison

The current volatility for Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.L) is 0.06%, while Amundi Floating Rate USD Corporate ESG UCITS ETF USD (FRNU.DE) has a volatility of 2.53%. This indicates that TIGB.L 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.

Volatility by Period

	TIGB.L	FRNU.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.06%	2.53%	-2.47%
Volatility (6M) Calculated over the trailing 6-month period	0.77%	4.69%	-3.92%
Volatility (1Y) Calculated over the trailing 1-year period	0.92%	7.22%	-6.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.72%	8.60%	-7.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.72%	9.86%	-9.14%