XYLD.DE vs. FRNH.DE
XYLD.DE (Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D) and FRNH.DE (Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc)) are both Corporate Bonds funds - XYLD.DE tracks the Bloomberg US Corp Bond TR USD while FRNH.DE tracks the iBoxx MSCI ESG USD FRN Investment Grade Corporates Index (EUR Hedged). Both are passively managed. Over the past 5 years, XYLD.DE returned 2.18%/yr vs 2.43%/yr for FRNH.DE. At a 0.01 correlation, their price movements are largely independent. XYLD.DE charges 0.16%/yr vs 0.20%/yr for FRNH.DE.
Performance
XYLD.DE vs. FRNH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XYLD.DE achieves a 3.79% return, which is significantly higher than FRNH.DE's 1.44% return.
XYLD.DE
- 1D
- 0.06%
- 1M
- 1.45%
- 6M
- 2.37%
- YTD
- 3.79%
- 1Y
- 5.19%
- 3Y*
- 4.43%
- 5Y*
- 2.18%
- 10Y*
- —
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%
XYLD.DE vs. FRNH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XYLD.DE Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D | 3.79% | -5.52% | 10.78% | 2.18% | -3.01% | 8.90% | 0.66% | 16.01% | -13.83% |
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% | -2.52% |
Correlation
The correlation between XYLD.DE and FRNH.DE is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2018 | 0.01 |
The correlation between XYLD.DE and FRNH.DE shifts across timeframes, from -0.11 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XYLD.DE vs. FRNH.DE — Risk / Return Rank
XYLD.DE
FRNH.DE
XYLD.DE vs. FRNH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D (XYLD.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.
| XYLD.DE | FRNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -3.25 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.86 | -0.69 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 7.91 | -6.35 |
| Martin ratioReturn relative to average drawdown | 4.23 | 38.31 | -34.08 |
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Drawdowns
XYLD.DE vs. FRNH.DE - Drawdown Comparison
The maximum XYLD.DE drawdown since its inception was -20.02%, 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 XYLD.DE and FRNH.DE.
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Drawdown Indicators
| XYLD.DE | FRNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.02% | -15.25% | -4.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.30% | -0.36% | -2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -10.26% | -1.39% | -8.87% |
Max Drawdown (5Y)Largest decline over 5 years | -11.03% | -3.17% | -7.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.25% | — |
Current DrawdownCurrent decline from peak | -4.09% | -0.04% | -4.05% |
Average DrawdownAverage peak-to-trough decline | -5.77% | -0.87% | -4.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 0.07% | +1.15% |
Volatility
XYLD.DE vs. FRNH.DE - Volatility Comparison
Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D (XYLD.DE) has a higher volatility of 1.24% compared to Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged (Acc) (FRNH.DE) at 0.12%. This indicates that XYLD.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
| XYLD.DE | FRNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 0.12% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.73% | 0.52% | +3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.35% | 0.90% | +4.45% |
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 | 10.07% | 3.36% | +6.71% |
XYLD.DE vs. FRNH.DE - Expense Ratio Comparison
XYLD.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
XYLD.DE vs. FRNH.DE - Dividend Comparison
XYLD.DE's dividend yield for the trailing twelve months is around 3.66%, while FRNH.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
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% |
XYLD.DE Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D | 3.66% | 3.86% | 3.19% | 2.95% | 6.15% | 3.64% | 4.10% |
Frequently Asked Questions
XYLD.DE and FRNH.DE have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XYLD.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XYLD.DE is cheaper with a 0.16% expense ratio, compared with 0.20% for FRNH.DE.
XYLD.DE tracks Bloomberg US Corp Bond TR USD, while FRNH.DE tracks iBoxx MSCI ESG USD FRN Investment Grade Corporates Index (EUR Hedged). They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.16% for XYLD.DE and 0.20% for FRNH.DE.
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