VAGY.DE vs. FRNU.DE
VAGY.DE (Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating) and FRNU.DE (Amundi Floating Rate USD Corporate ESG UCITS ETF USD) are both Corporate Bonds funds - VAGY.DE tracks the Bloomberg Global Aggregate Corporate USD 1-3 while FRNU.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates. Both are passively managed. Over the past 3 years, VAGY.DE returned 2.52%/yr vs 2.89%/yr for FRNU.DE. Their correlation of 0.93 suggests significant overlap in exposure. VAGY.DE charges 0.09%/yr vs 0.18%/yr for FRNU.DE.
Performance
VAGY.DE vs. FRNU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VAGY.DE achieves a 2.12% return, which is significantly lower than FRNU.DE's 3.11% return.
VAGY.DE
- 1D
- -0.00%
- 1M
- 0.97%
- YTD
- 2.12%
- 6M
- 1.62%
- 1Y
- 2.54%
- 3Y*
- 2.52%
- 5Y*
- —
- 10Y*
- —
FRNU.DE
- 1D
- -0.07%
- 1M
- 1.11%
- YTD
- 3.11%
- 6M
- 2.57%
- 1Y
- 3.36%
- 3Y*
- 2.89%
- 5Y*
- 5.15%
- 10Y*
- 2.93%
VAGY.DE vs. FRNU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VAGY.DE Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating | 2.12% | -5.79% | 11.38% | 0.78% |
FRNU.DE Amundi Floating Rate USD Corporate ESG UCITS ETF USD | 3.11% | -6.55% | 12.73% | 0.10% |
Correlation
The correlation between VAGY.DE and FRNU.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023 | 0.93 |
The correlation between VAGY.DE and FRNU.DE has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
VAGY.DE vs. FRNU.DE — Risk / Return Rank
VAGY.DE
FRNU.DE
VAGY.DE vs. FRNU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating (VAGY.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.
| VAGY.DE | FRNU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.10 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 1.03 | -0.24 |
| Martin ratioReturn relative to average drawdown | 1.82 | 2.13 | -0.31 |
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
| VAGY.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 | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.32 | +0.05 |
Drawdowns
VAGY.DE vs. FRNU.DE - Drawdown Comparison
The maximum VAGY.DE drawdown since its inception was -10.58%, smaller than the maximum FRNU.DE drawdown of -14.79%. Use the drawdown chart below to compare losses from any high point for VAGY.DE and FRNU.DE.
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Drawdown Indicators
| VAGY.DE | FRNU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.58% | -14.79% | +4.21% |
Max Drawdown (1Y)Largest decline over 1 year | -3.20% | -3.25% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -10.58% | -11.40% | +0.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.79% | — |
Current DrawdownCurrent decline from peak | -5.93% | -6.01% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -5.47% | +1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 1.58% | -0.19% |
Volatility
VAGY.DE vs. FRNU.DE - Volatility Comparison
The current volatility for Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating (VAGY.DE) is 1.09%, while Amundi Floating Rate USD Corporate ESG UCITS ETF USD (FRNU.DE) has a volatility of 1.33%. This indicates that VAGY.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
| VAGY.DE | FRNU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.33% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.74% | 4.19% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.56% | 6.12% | -0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.46% | 7.60% | -1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.46% | 7.50% | -1.04% |
VAGY.DE vs. FRNU.DE - Expense Ratio Comparison
VAGY.DE has a 0.09% 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
VAGY.DE vs. FRNU.DE - Dividend Comparison
Neither VAGY.DE nor FRNU.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, VAGY.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, VAGY.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGY.DE is cheaper with a 0.09% expense ratio, compared with 0.18% for FRNU.DE.
VAGY.DE tracks Bloomberg Global Aggregate Corporate USD 1-3, while FRNU.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates. They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.09% for VAGY.DE and 0.18% for FRNU.DE.
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