UEF7.DE vs. FRNU.DE
UEF7.DE (UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis) and FRNU.DE (Amundi Floating Rate USD Corporate ESG UCITS ETF USD) are both Corporate Bonds funds - UEF7.DE tracks the Bloomberg US Liquid Corporates 1-5 while FRNU.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates. Both are passively managed. Over the past 10 years, UEF7.DE returned 2.31%/yr vs 2.93%/yr for FRNU.DE. Their correlation of 0.90 suggests significant overlap in exposure. UEF7.DE charges 0.16%/yr vs 0.18%/yr for FRNU.DE.
Performance
UEF7.DE vs. FRNU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEF7.DE achieves a 1.61% return, which is significantly lower than FRNU.DE's 3.11% return. Over the past 10 years, UEF7.DE has underperformed FRNU.DE with an annualized return of 2.31%, while FRNU.DE has yielded a comparatively higher 2.93% annualized return.
UEF7.DE
- 1D
- 0.00%
- 1M
- 1.09%
- YTD
- 1.61%
- 6M
- 0.93%
- 1Y
- 2.76%
- 3Y*
- 2.52%
- 5Y*
- 3.04%
- 10Y*
- 2.31%
FRNU.DE
- 1D
- -0.07%
- 1M
- 1.57%
- YTD
- 3.11%
- 6M
- 2.36%
- 1Y
- 3.47%
- 3Y*
- 2.89%
- 5Y*
- 5.15%
- 10Y*
- 2.93%
UEF7.DE vs. FRNU.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 | 1.61% | -4.75% | 10.53% | 2.47% | -0.50% | 7.33% | -4.28% | 10.28% | 4.90% | -9.80% |
FRNU.DE Amundi Floating Rate USD Corporate ESG UCITS ETF USD | 3.11% | -6.55% | 12.73% | 2.79% | 7.34% | 8.64% | -7.76% | 7.65% | 4.94% | -10.27% |
Correlation
The correlation between UEF7.DE and FRNU.DE is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2015 | 0.90 |
The correlation between UEF7.DE and FRNU.DE has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
UEF7.DE vs. FRNU.DE — Risk / Return Rank
UEF7.DE
FRNU.DE
UEF7.DE vs. FRNU.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 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.
| UEF7.DE | FRNU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.10 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 1.03 | -0.28 |
| Martin ratioReturn relative to average drawdown | 1.88 | 2.13 | -0.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UEF7.DE | FRNU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 0.55 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.67 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.39 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.32 | +0.10 |
Drawdowns
UEF7.DE vs. FRNU.DE - Drawdown Comparison
The maximum UEF7.DE drawdown since its inception was -15.39%, roughly equal to the maximum FRNU.DE drawdown of -14.79%. Use the drawdown chart below to compare losses from any high point for UEF7.DE and FRNU.DE.
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Drawdown Indicators
| UEF7.DE | FRNU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.39% | -14.79% | -0.60% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -3.25% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -9.67% | -11.40% | +1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -10.70% | -11.40% | +0.70% |
Max Drawdown (10Y)Largest decline over 10 years | -15.39% | -14.79% | -0.60% |
Current DrawdownCurrent decline from peak | -5.28% | -6.01% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -5.47% | +0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.58% | -0.25% |
Volatility
UEF7.DE vs. FRNU.DE - Volatility Comparison
The current volatility for UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis (UEF7.DE) is 0.79%, while Amundi Floating Rate USD Corporate ESG UCITS ETF USD (FRNU.DE) has a volatility of 1.33%. This indicates that UEF7.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
| UEF7.DE | FRNU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 1.33% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 3.60% | 4.19% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.41% | 6.12% | -0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.97% | 7.60% | -0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.97% | 7.50% | -0.53% |
UEF7.DE vs. FRNU.DE - Expense Ratio Comparison
UEF7.DE has a 0.16% 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
UEF7.DE vs. FRNU.DE - Dividend Comparison
UEF7.DE's dividend yield for the trailing twelve months is around 4.65%, while FRNU.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
UEF7.DE UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis | 4.65% | 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
With a correlation of 0.91, UEF7.DE and FRNU.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.18% for FRNU.DE.
UEF7.DE tracks Bloomberg US Liquid Corporates 1-5, while FRNU.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates. They also come from different issuers: UBS and Amundi. Their fees differ too: 0.16% for UEF7.DE and 0.18% for FRNU.DE.
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