UEF7.DE vs. FRNH.DE
UEF7.DE (UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis) and FRNH.DE (Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc)) are both Corporate Bonds funds - UEF7.DE tracks the Bloomberg US Liquid Corporates 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 10 years, UEF7.DE returned 2.08%/yr vs 1.22%/yr for FRNH.DE. At a 0.03 correlation, their price movements are largely independent. UEF7.DE charges 0.16%/yr vs 0.20%/yr for FRNH.DE.
Performance
UEF7.DE vs. FRNH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEF7.DE achieves a 3.58% return, which is significantly higher than FRNH.DE's 1.44% return. Over the past 10 years, UEF7.DE has outperformed FRNH.DE with an annualized return of 2.08%, while FRNH.DE has yielded a comparatively lower 1.22% annualized return.
UEF7.DE
- 1D
- 0.41%
- 1M
- 1.51%
- 6M
- 2.21%
- YTD
- 3.58%
- 1Y
- 5.22%
- 3Y*
- 4.68%
- 5Y*
- 2.83%
- 10Y*
- 2.08%
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%
UEF7.DE vs. FRNH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UEF7.DE UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis | 3.58% | -4.77% | 10.52% | 2.48% | -0.56% | 7.39% | -4.30% | 10.25% | 4.93% | -9.80% |
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% | 0.20% |
Correlation
The correlation between UEF7.DE and FRNH.DE is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2016 | 0.03 |
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Return for Risk
UEF7.DE vs. FRNH.DE — Risk / Return Rank
UEF7.DE
FRNH.DE
UEF7.DE vs. FRNH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis (UEF7.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.
| UEF7.DE | FRNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -3.29 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.86 | -0.69 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 7.91 | -6.25 |
| Martin ratioReturn relative to average drawdown | 4.56 | 38.31 | -33.75 |
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Drawdowns
UEF7.DE vs. FRNH.DE - Drawdown Comparison
The maximum UEF7.DE drawdown since its inception was -19.46%, 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 UEF7.DE and FRNH.DE.
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Drawdown Indicators
| UEF7.DE | FRNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.46% | -15.25% | -4.21% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -0.36% | -2.76% |
Max Drawdown (3Y)Largest decline over 3 years | -9.64% | -1.39% | -8.25% |
Max Drawdown (5Y)Largest decline over 5 years | -10.71% | -3.17% | -7.54% |
Max Drawdown (10Y)Largest decline over 10 years | -15.40% | -15.25% | -0.15% |
Current DrawdownCurrent decline from peak | -3.49% | -0.04% | -3.45% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -0.87% | -4.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 0.07% | +1.07% |
Volatility
UEF7.DE vs. FRNH.DE - Volatility Comparison
UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis (UEF7.DE) has a higher volatility of 1.33% compared to Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) (FRNH.DE) at 0.12%. This indicates that UEF7.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
| UEF7.DE | FRNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 0.12% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 3.92% | 0.52% | +3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 0.90% | +4.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.97% | 2.42% | +4.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.89% | 3.36% | +3.53% |
UEF7.DE vs. FRNH.DE - Expense Ratio Comparison
UEF7.DE has a 0.16% 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
UEF7.DE vs. FRNH.DE - Dividend Comparison
UEF7.DE's dividend yield for the trailing twelve months is around 4.56%, 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% |
UEF7.DE UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis | 4.56% | 5.78% | 4.66% | 3.27% | 1.45% | 1.52% | 2.84% | 2.76% | 2.24% | 2.19% | 1.99% | 0.87% |
Frequently Asked Questions
UEF7.DE and FRNH.DE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEF7.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEF7.DE is cheaper with a 0.16% expense ratio, compared with 0.20% for FRNH.DE.
UEF7.DE tracks Bloomberg US Liquid Corporates 1-5, while FRNH.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates Index (EUR Hedged). They also come from different issuers: UBS and Amundi. Their fees differ too: 0.16% for UEF7.DE and 0.20% for FRNH.DE.
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