CSH.PA vs. ^GDAXI
CSH.PA (Amundi EUR Overnight Return UCITS ETF Acc) is Money Market fund tracking the Solactive Euro Overnight Return Index, while ^GDAXI (DAX Performance Index) is an index. Over the past 10 years, CSH.PA returned 0.67%/yr vs 9.36%/yr for ^GDAXI. At a correlation of -0.03, they often move in opposite directions.
Performance
CSH.PA vs. ^GDAXI - Performance Comparison
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Returns By Period
In the year-to-date period, CSH.PA achieves a 1.03% return, which is significantly lower than ^GDAXI's 1.39% return. Over the past 10 years, CSH.PA has underperformed ^GDAXI with an annualized return of 0.67%, while ^GDAXI has yielded a comparatively higher 9.36% annualized return.
CSH.PA
- 1D
- 0.00%
- 1M
- 0.14%
- 6M
- 0.96%
- YTD
- 1.03%
- 1Y
- 1.96%
- 3Y*
- 2.89%
- 5Y*
- 1.94%
- 10Y*
- 0.67%
- ALL TIME*
- 0.65%
^GDAXI
- 1D
- 0.00%
- 1M
- -0.62%
- 6M
- -0.51%
- YTD
- 1.39%
- 1Y
- 2.23%
- 3Y*
- 15.35%
- 5Y*
- 9.99%
- 10Y*
- 9.36%
- ALL TIME*
- 8.67%
CSH.PA vs. ^GDAXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSH.PA Amundi EUR Overnight Return UCITS ETF Acc | 1.03% | 2.25% | 3.69% | 3.22% | -0.11% | -0.70% | -0.69% | -0.61% | -0.55% | -0.45% |
^GDAXI DAX Performance Index | 1.39% | 23.01% | 18.85% | 20.31% | -12.35% | 15.79% | 3.55% | 25.48% | -18.26% | 12.51% |
Correlation
The correlation between CSH.PA and ^GDAXI is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | -0.03 |
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Return for Risk
CSH.PA vs. ^GDAXI — Risk / Return Rank
CSH.PA
^GDAXI
CSH.PA vs. ^GDAXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) and DAX Performance Index (^GDAXI). 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.
| CSH.PA | ^GDAXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.59 | ||
| Sortino ratioReturn per unit of downside risk | +3.92 | ||
| Omega ratioGain probability vs. loss probability | 1.82 | 1.04 | +0.78 |
| Calmar ratioReturn relative to maximum drawdown | 5.57 | 0.18 | +5.39 |
| Martin ratioReturn relative to average drawdown | 30.90 | 0.57 | +30.32 |
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Drawdowns
CSH.PA vs. ^GDAXI - Drawdown Comparison
The maximum CSH.PA drawdown since its inception was -5.07%, smaller than the maximum ^GDAXI drawdown of -72.68%. Use the drawdown chart below to compare losses from any high point for CSH.PA and ^GDAXI.
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Drawdown Indicators
| CSH.PA | ^GDAXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.07% | -72.68% | +67.61% |
Max Drawdown (1Y)Largest decline over 1 year | -0.35% | -12.27% | +11.92% |
Max Drawdown (3Y)Largest decline over 3 years | -0.35% | -16.01% | +15.66% |
Max Drawdown (5Y)Largest decline over 5 years | -0.74% | -26.40% | +25.66% |
Max Drawdown (10Y)Largest decline over 10 years | -3.57% | -38.78% | +35.21% |
Current DrawdownCurrent decline from peak | -0.35% | -3.82% | +3.47% |
Average DrawdownAverage peak-to-trough decline | -1.51% | -15.49% | +13.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 3.88% | -3.82% |
Volatility
CSH.PA vs. ^GDAXI - Volatility Comparison
The current volatility for Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) is 0.54%, while DAX Performance Index (^GDAXI) has a volatility of 4.62%. This indicates that CSH.PA experiences smaller price fluctuations and is considered to be less risky than ^GDAXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSH.PA | ^GDAXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 4.62% | -4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 0.64% | 13.50% | -12.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.72% | 16.12% | -15.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.42% | 17.03% | -16.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.32% | 18.11% | -17.79% |
Frequently Asked Questions
CSH.PA and ^GDAXI have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for CSH.PA and ^GDAXI
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