Comparison window: 2 Jan 2019 → 8 Sept 2026 (max: from the most recent launch) · currency: 🇪🇺 EUR · inflation: 🇮🇹 Italy · distributions: reinvested where declared
Report produced on 10 September 2026 · data as of the dates shown per section Sources: official issuer documents (KID, factsheet, declared NAV series and holdings), ESMA register, ECB rates, Eurostat Public methodology: rebalix.com/en/methodology
Informational document generated by rebalix.com — facts side by side, no recommendations. It does not constitute investment advice or investment research under Directive 2014/65/EU (MiFID II). Past performance is not indicative of future results.
RebalixAFRHU vs AFRN · report of 10 September 2026
The funds at a glance
From official issuer documents and the ESMA register
AFRHULU1923163759Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF USD Hedged AccBonds · Corporate EUR · Global
Declared index
iBoxx MSCI ESG EUR FRN Investment Grade Corporates TCA TRI
TER
0.20%
Transaction (KID)
0.07%
Fund size
2 mln EUR
Launch
15 Jan 2019
Currency
USD
Replication
Physical
Hedging
Yes — in USD
Holdings
135
Duration
0.12 yrs
Effective 🇮🇹 rate
26.00%
AFRNLU1681041114Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF AccBonds · Corporate EUR · Global
Declared index
iBoxx MSCI ESG EUR FRN Investment Grade Corporates TCA TRI
TER
0.18%
Transaction (KID)
0.07%
Fund size
1.5 mld EUR
Launch
4 Apr 2018
Currency
EUR
Replication
Physical
Hedging
No
Holdings
135
Duration
0.12 yrs
Effective 🇮🇹 rate
26.00%
Tracking difference — year by year
Fund minus index, from issuer-declared series (complete calendar years). Each measures adherence to its OWN index.
AFRHU3y avg: −0.19%/anno
2025
−0.25%
2024
−0.16%
2023
−0.17%
2022
−0.31%
2021
−0.27%
2020
−0.30%
AFRN3y avg: −0.14%/anno
2025
−0.13%
2024
−0.11%
2023
−0.19%
2022
−0.22%
2021
−0.24%
2020
−0.26%
Rebalix · AFRHU vs AFRNsection 1 of 4
RebalixAFRHU vs AFRN · report of 10 September 2026
From 2 Jan 2019 to 8 Sept 2026 · base 100 · ECB rates, dividends reinvested where declared
In euro (nominal)
In today’s purchasing power (net of Italy inflation)
Same scale in both panels: the gap between endpoints is Italian inflation over the period (Eurostat). Volatility stays nominal, as everywhere on the site.
How far they fell — drawdown from peak (nominal)
In euro · distance from the previous peak, day by day, on NAV: for distributing classes it includes ex-dividend drops (slightly deeper than total return)
Filled area: AFRHU; thin lines: the other funds.
The worst episode, fund by fund
Fund
Max drawdown
Trough
Recovery time
Underwater
AFRHU
−11.7%
06 Jan 2021
425 days
746 days · back to break-even on 07 Mar 2022
AFRN
−3.3%
30 Mar 2020
1,130 days
1,171 days · back to break-even on 04 May 2023
"Recovery time" = the climb only: trough to break-even (0%). "Underwater" = decline + recovery: peak to break-even.
Drawdown net of Italy inflation
Same curve in purchasing-power terms: as on the site, drawdown follows the real view (volatility stays nominal, per methodology)
In real terms declines are deeper and recoveries slower. Monthly price index (Eurostat), held at the last published value.
Rebalix · AFRHU vs AFRNsection 2 of 4
RebalixAFRHU vs AFRN · report of 10 September 2026
135 common holdings · ticker match on full official portfolios
How the shared part is computed: for each security held by both funds, only the SMALLER of the two weights counts — a stock at 5% in one fund and 1% in the other overlaps by 1%, not 5%. Summed over all 135 common holdings this gives 100.4%: buying both funds, roughly this share of your money buys the same stocks twice. Matching uses the ISIN of each security, as published by both issuers in their baskets.
Rebalix · AFRHU vs AFRNsection 3 of 4
RebalixAFRHU vs AFRN · report of 10 September 2026
Full comparison table
"—" = not published by the source, never estimated
Indicative cumulative cost: on 10,000 euro over 5 years (stated assumption: 5%/yr growth, cost = TER + transaction) ~169 euro AFRHU · ~157 euro AFRN. Broker costs not included.
Disclaimer
This document is for information only and does not constitute investment advice under Directive 2014/65/EU (MiFID II), investment research, a personal recommendation, or an offer or solicitation to buy or sell financial instruments.
Past performance is not indicative of, nor a guarantee of, future results. The value of an investment can go down as well as up and investors may not get back the capital invested. Euro returns are affected by currency fluctuations.
Before any investment decision, read the KID and the Prospectus, available from the issuers. Tax treatment depends on individual circumstances and may change.
Data come from official issuer documents and public registers, following the public methodology at rebalix.com/en/methodology. "—" fields were not published by the source and have not been estimated. Rebalix receives no compensation from the issuers mentioned.