AMEG.L vs. CSH2.L
AMEG.L (Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR GBP (D)) and CSH2.L (Lyxor Smart Overnight Return UCITS ETF C-GBP) are both exchange-traded funds - AMEG.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while CSH2.L is a Money Market fund actively managed by Amundi. AMEG.L is passively managed, while CSH2.L is actively managed. Over the past 3 years, AMEG.L returned 12.91%/yr vs 5.01%/yr for CSH2.L. At a correlation of -0.07, they often move in opposite directions. AMEG.L charges 0.16%/yr vs 0.07%/yr for CSH2.L.
Performance
AMEG.L vs. CSH2.L - Performance Comparison
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Returns By Period
In the year-to-date period, AMEG.L achieves a 15.84% return, which is significantly higher than CSH2.L's 1.74% return.
AMEG.L
- 1D
- -1.18%
- 1M
- 3.32%
- YTD
- 15.84%
- 6M
- 16.20%
- 1Y
- 34.85%
- 3Y*
- 12.91%
- 5Y*
- —
- 10Y*
- —
CSH2.L
- 1D
- 0.03%
- 1M
- 0.36%
- YTD
- 1.74%
- 6M
- 2.08%
- 1Y
- 4.38%
- 3Y*
- 5.01%
- 5Y*
- 3.66%
- 10Y*
- 2.07%
AMEG.L vs. CSH2.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AMEG.L Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR GBP (D) | 15.84% | 19.33% | 6.23% | -5.48% | -1.10% |
CSH2.L Lyxor Smart Overnight Return UCITS ETF C-GBP | 1.74% | 4.67% | 5.61% | 4.72% | 1.20% |
Correlation
The correlation between AMEG.L and CSH2.L is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2022 | -0.07 |
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Return for Risk
AMEG.L vs. CSH2.L — Risk / Return Rank
AMEG.L
CSH2.L
AMEG.L vs. CSH2.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR GBP (D) (AMEG.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.
| AMEG.L | CSH2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.83 | ||
| Sortino ratioReturn per unit of downside risk | -12.06 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 4.37 | -2.97 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 27.66 | -24.11 |
| Martin ratioReturn relative to average drawdown | 11.17 | 159.04 | -147.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMEG.L | CSH2.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 8.05 | -5.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 6.49 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 4.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 4.62 | -4.09 |
Drawdowns
AMEG.L vs. CSH2.L - Drawdown Comparison
The maximum AMEG.L drawdown since its inception was -18.35%, which is greater than CSH2.L's maximum drawdown of -0.37%. Use the drawdown chart below to compare losses from any high point for AMEG.L and CSH2.L.
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Drawdown Indicators
| AMEG.L | CSH2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.35% | -0.37% | -17.98% |
Max Drawdown (1Y)Largest decline over 1 year | -9.78% | -0.16% | -9.62% |
Max Drawdown (3Y)Largest decline over 3 years | -18.35% | -0.29% | -18.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.37% | — |
Current DrawdownCurrent decline from peak | -2.10% | 0.00% | -2.10% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -0.00% | -6.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 0.03% | +3.08% |
Volatility
AMEG.L vs. CSH2.L - Volatility Comparison
Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR GBP (D) (AMEG.L) has a higher volatility of 6.11% compared to Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) at 0.08%. This indicates that AMEG.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.
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Volatility by Period
| AMEG.L | CSH2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 0.08% | +6.03% |
Volatility (6M)Calculated over the trailing 6-month period | 12.90% | 0.25% | +12.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.64% | 0.54% | +15.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.65% | 0.56% | +15.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 0.44% | +15.21% |
AMEG.L vs. CSH2.L - Expense Ratio Comparison
AMEG.L has a 0.16% expense ratio, which is higher than CSH2.L's 0.07% 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
AMEG.L vs. CSH2.L - Dividend Comparison
AMEG.L's dividend yield for the trailing twelve months is around 1.72%, while CSH2.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AMEG.L Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR GBP (D) | 1.72% | 1.99% | 2.06% | 2.38% | 1.29% |
CSH2.L Lyxor Smart Overnight Return UCITS ETF C-GBP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AMEG.L and CSH2.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
CSH2.L is cheaper with a 0.07% expense ratio, compared with 0.16% for AMEG.L.
AMEG.L is categorized as Emerging Markets Equities, while CSH2.L is Money Market. Their fees differ too: 0.16% for AMEG.L and 0.07% for CSH2.L.
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