AIGS.L vs. CSH2.L

Last updated Jun 5, 2026

AIGS.L (WisdomTree Softs) and CSH2.L (Lyxor Smart Overnight Return UCITS ETF C-GBP) are both exchange-traded funds - AIGS.L is a Agricultural Commodities fund tracking the Bloomberg Softs, while CSH2.L is a Money Market fund actively managed by Amundi. AIGS.L is passively managed, while CSH2.L is actively managed. Over the past 10 years, AIGS.L returned 2.26%/yr vs 1.33%/yr for CSH2.L. At a 0.13 correlation, their price movements are largely independent. AIGS.L charges 0.49%/yr vs 0.07%/yr for CSH2.L.

Performance

AIGS.L vs. CSH2.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Softs (AIGS.L) and Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AIGS.L is traded in USD, while CSH2.L is traded in GBp. To make them comparable, the CSH2.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AIGS.L achieves a -12.24% return, which is significantly lower than CSH2.L's 1.49% return. Over the past 10 years, AIGS.L has outperformed CSH2.L with an annualized return of 2.26%, while CSH2.L has yielded a comparatively lower 1.33% annualized return.

AIGS.L

• 1D: -2.05%
• 1M: -9.93%
• YTD: -12.24%
• 6M: -15.11%
• 1Y: -13.13%
• 3Y*: 4.76%
• 5Y*: 9.62%
• 10Y*: 2.26%

CSH2.L

• 1D: 0.08%
• 1M: -0.49%
• YTD: 1.49%
• 6M: 2.83%
• 1Y: 3.38%
• 3Y*: 7.71%
• 5Y*: 2.57%
• 10Y*: 1.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIGS.L vs. CSH2.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AIGS.L WisdomTree Softs	-12.24%	2.96%	25.45%	20.14%	-4.35%	43.50%	-0.54%	3.02%	-21.88%	-16.48%
CSH2.L Lyxor Smart Overnight Return UCITS ETF C-GBP	1.49%	12.57%	3.85%	10.24%	-9.32%	-0.78%	3.37%	4.86%	-5.00%	9.98%

Correlation

The correlation between AIGS.L and CSH2.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.14
Correlation (All Time) Calculated using the full available price history since Jun 11, 2015	0.13

Return for Risk

AIGS.L vs. CSH2.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIGS.L

AIGS.L Risk / Return Rank: 4
AIGS.L Sharpe Ratio Rank: 4
AIGS.L Sortino Ratio Rank: 4
AIGS.L Omega Ratio Rank: 4
AIGS.L Calmar Ratio Rank: 4
AIGS.L Martin Ratio Rank: 4

CSH2.L

CSH2.L Risk / Return Rank: 99
CSH2.L Sharpe Ratio Rank: 99
CSH2.L Sortino Ratio Rank: 99
CSH2.L Omega Ratio Rank: 99
CSH2.L Calmar Ratio Rank: 99
CSH2.L Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIGS.L vs. CSH2.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Softs (AIGS.L) and Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L). 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.

	AIGS.L	CSH2.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.62	0.51	-1.13
Sortino ratio: Return per unit of downside risk	-0.76	0.79	-1.55
Omega ratio: Gain probability vs. loss probability	0.91	1.09	-0.18
Calmar ratio: Return relative to maximum drawdown	-0.55	0.82	-1.38
Martin ratio: Return relative to average drawdown	-1.07	1.79	-2.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIGS.L vs. CSH2.L - Sharpe Ratio Comparison

The current AIGS.L Sharpe Ratio is -0.62, which is lower than the CSH2.L Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of AIGS.L and CSH2.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AIGS.L	CSH2.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.62	0.51	-1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.30	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	0.14	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.07	-0.08

Drawdowns

AIGS.L vs. CSH2.L - Drawdown Comparison

The maximum AIGS.L drawdown since its inception was -79.63%, which is greater than CSH2.L's maximum drawdown of -29.83%. Use the drawdown chart below to compare losses from any high point for AIGS.L and CSH2.L.

Drawdown Indicators

	AIGS.L	CSH2.L	Difference
Max Drawdown Largest peak-to-trough decline	-79.63%	-29.83%	-49.80%
Max Drawdown (1Y) Largest decline over 1 year	-23.61%	-4.11%	-19.50%
Max Drawdown (3Y) Largest decline over 3 years	-27.19%	-7.81%	-19.38%
Max Drawdown (5Y) Largest decline over 5 years	-27.19%	-23.98%	-3.21%
Max Drawdown (10Y) Largest decline over 10 years	-55.98%	-25.51%	-30.47%
Current Drawdown Current decline from peak	-50.04%	-1.62%	-48.42%
Average Drawdown Average peak-to-trough decline	-50.34%	-12.73%	-37.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.23%	1.88%	+10.35%

Volatility

AIGS.L vs. CSH2.L - Volatility Comparison

WisdomTree Softs (AIGS.L) has a higher volatility of 7.29% compared to Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) at 1.81%. This indicates that AIGS.L's price experiences larger fluctuations and is considered to be riskier than CSH2.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIGS.L	CSH2.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.29%	1.81%	+5.48%
Volatility (6M) Calculated over the trailing 6-month period	15.09%	4.94%	+10.15%
Volatility (1Y) Calculated over the trailing 1-year period	21.18%	6.62%	+14.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.25%	8.55%	+12.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.91%	9.36%	+10.55%

AIGS.L vs. CSH2.L - Expense Ratio Comparison

AIGS.L has a 0.49% expense ratio, which is higher than CSH2.L's 0.07% expense ratio.

Dividends

AIGS.L vs. CSH2.L - Dividend Comparison

Neither AIGS.L nor CSH2.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AIGS.L and CSH2.L in my portfolio?

AIGS.L and CSH2.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AIGS.L or CSH2.L?

On fees, CSH2.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIGS.L or CSH2.L?

CSH2.L is cheaper with a 0.07% expense ratio, compared with 0.49% for AIGS.L.

What is the main difference between AIGS.L and CSH2.L?

AIGS.L is categorized as Agricultural Commodities, while CSH2.L is Money Market. They also come from different issuers: WisdomTree and Amundi. Their fees differ too: 0.49% for AIGS.L and 0.07% for CSH2.L.