UCRP.DE vs. FRNU.DE
UCRP.DE (Amundi USD Corporate Bond ESG UCITS ETF DR (Acc)) and FRNU.DE (Amundi Floating Rate USD Corporate ESG UCITS ETF USD) are both Corporate Bonds funds from Amundi - UCRP.DE tracks the Bloomberg MSCI US Corporate SRI Index while FRNU.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates. Both are passively managed. Over the past 5 years, UCRP.DE returned 0.91%/yr vs 4.97%/yr for FRNU.DE. A 0.58 correlation means they provide meaningful diversification when combined. UCRP.DE charges 0.14%/yr vs 0.18%/yr for FRNU.DE.
Performance
UCRP.DE vs. FRNU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UCRP.DE achieves a 3.24% return, which is significantly lower than FRNU.DE's 5.09% return.
UCRP.DE
- 1D
- -0.16%
- 1M
- 1.82%
- 6M
- 2.96%
- YTD
- 3.24%
- 1Y
- 6.79%
- 3Y*
- 3.27%
- 5Y*
- 0.91%
- 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%
UCRP.DE vs. FRNU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UCRP.DE Amundi USD Corporate Bond ESG UCITS ETF DR (Acc) | 3.24% | -4.44% | 7.79% | 4.77% | -9.83% | 6.55% | -0.62% | 2.88% | 0.88% |
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% | 3.81% |
Correlation
The correlation between UCRP.DE and FRNU.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since May 15, 2018 | 0.58 |
The correlation between UCRP.DE and FRNU.DE shifts across timeframes, from 0.58 (all time) to 0.68 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UCRP.DE vs. FRNU.DE — Risk / Return Rank
UCRP.DE
FRNU.DE
UCRP.DE vs. FRNU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi USD Corporate Bond ESG UCITS ETF DR (Acc) (UCRP.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.
| UCRP.DE | FRNU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 2.44 | -0.38 |
| Martin ratioReturn relative to average drawdown | 5.77 | 5.60 | +0.17 |
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Drawdowns
UCRP.DE vs. FRNU.DE - Drawdown Comparison
The maximum UCRP.DE drawdown since its inception was -14.40%, smaller than the maximum FRNU.DE drawdown of -19.45%. Use the drawdown chart below to compare losses from any high point for UCRP.DE and FRNU.DE.
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Drawdown Indicators
| UCRP.DE | FRNU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.40% | -19.45% | +5.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.29% | -3.25% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -11.27% | -11.41% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -12.94% | -11.41% | -1.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.45% | — |
Current DrawdownCurrent decline from peak | -3.97% | -4.20% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -7.79% | +2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.42% | -0.25% |
Volatility
UCRP.DE vs. FRNU.DE - Volatility Comparison
Amundi USD Corporate Bond ESG UCITS ETF DR (Acc) (UCRP.DE) and Amundi Floating Rate USD Corporate ESG UCITS ETF USD (FRNU.DE) have volatilities of 1.70% and 1.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCRP.DE | FRNU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 1.70% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.95% | 4.35% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.74% | 6.12% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.35% | 7.58% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.07% | 16.96% | -7.89% |
UCRP.DE vs. FRNU.DE - Expense Ratio Comparison
UCRP.DE has a 0.14% 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
UCRP.DE vs. FRNU.DE - Dividend Comparison
Neither UCRP.DE nor FRNU.DE has paid dividends to shareholders.
Frequently Asked Questions
UCRP.DE and FRNU.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UCRP.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UCRP.DE is cheaper with a 0.14% expense ratio, compared with 0.18% for FRNU.DE.
UCRP.DE tracks Bloomberg MSCI US Corporate SRI Index, while FRNU.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates. Their fees differ too: 0.14% for UCRP.DE and 0.18% for FRNU.DE.
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