XGBE.DE vs. FRNU.DE
XGBE.DE (Xtrackers EUR Corporate Green Bond UCITS ETF (Acc)) and FRNU.DE (Amundi Floating Rate USD Corporate ESG UCITS ETF USD) are both Corporate Bonds funds - XGBE.DE tracks the Bloomberg MSCI EUR Corporate and Agency Green Bond Index while FRNU.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates. Both are passively managed. Over the past 5 years, XGBE.DE returned -0.79%/yr vs 4.97%/yr for FRNU.DE. At a correlation of -0.15, they often move in opposite directions. XGBE.DE charges 0.25%/yr vs 0.18%/yr for FRNU.DE.
Performance
XGBE.DE vs. FRNU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGBE.DE achieves a 1.11% return, which is significantly lower than FRNU.DE's 5.09% return.
XGBE.DE
- 1D
- -0.04%
- 1M
- 0.68%
- 6M
- 1.41%
- YTD
- 1.11%
- 1Y
- 1.81%
- 3Y*
- 4.36%
- 5Y*
- -0.79%
- 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%
XGBE.DE vs. FRNU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XGBE.DE Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) | 1.11% | 2.73% | 3.40% | 7.52% | -16.38% | -0.21% |
FRNU.DE Amundi Floating Rate USD Corporate ESG UCITS ETF USD | 5.09% | -6.54% | 12.72% | 2.79% | 7.34% | 5.28% |
Correlation
The correlation between XGBE.DE and FRNU.DE is -0.28, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2021 | -0.15 |
The correlation between XGBE.DE and FRNU.DE shifts across timeframes, from -0.28 (1 year) to -0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XGBE.DE vs. FRNU.DE — Risk / Return Rank
XGBE.DE
FRNU.DE
XGBE.DE vs. FRNU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) (XGBE.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.
| XGBE.DE | FRNU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.23 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 2.44 | -1.75 |
| Martin ratioReturn relative to average drawdown | 2.16 | 5.60 | -3.44 |
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Drawdowns
XGBE.DE vs. FRNU.DE - Drawdown Comparison
The maximum XGBE.DE drawdown since its inception was -20.20%, roughly equal to the maximum FRNU.DE drawdown of -19.45%. Use the drawdown chart below to compare losses from any high point for XGBE.DE and FRNU.DE.
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Drawdown Indicators
| XGBE.DE | FRNU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.20% | -19.45% | -0.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.62% | -3.25% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -2.62% | -11.41% | +8.79% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | -11.41% | -8.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.45% | — |
Current DrawdownCurrent decline from peak | -5.48% | -4.20% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -7.79% | -2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 1.42% | -0.58% |
Volatility
XGBE.DE vs. FRNU.DE - Volatility Comparison
The current volatility for Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) (XGBE.DE) is 0.62%, while Amundi Floating Rate USD Corporate ESG UCITS ETF USD (FRNU.DE) has a volatility of 1.70%. This indicates that XGBE.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
| XGBE.DE | FRNU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 1.70% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 4.35% | -1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.22% | 6.12% | -2.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.04% | 7.58% | -2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.03% | 16.96% | -11.93% |
XGBE.DE vs. FRNU.DE - Expense Ratio Comparison
XGBE.DE has a 0.25% expense ratio, which is higher than FRNU.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XGBE.DE vs. FRNU.DE - Dividend Comparison
Neither XGBE.DE nor FRNU.DE has paid dividends to shareholders.
Frequently Asked Questions
XGBE.DE and FRNU.DE have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FRNU.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FRNU.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for XGBE.DE.
XGBE.DE tracks Bloomberg MSCI EUR Corporate and Agency Green Bond Index, while FRNU.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.25% for XGBE.DE and 0.18% for FRNU.DE.
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