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 0.92%/yr vs 9.67%/yr for ^GDAXI. At a correlation of -0.04, 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 0.78% return, which is significantly lower than ^GDAXI's 1.10% return. Over the past 10 years, CSH.PA has underperformed ^GDAXI with an annualized return of 0.92%, while ^GDAXI has yielded a comparatively higher 9.67% annualized return.
CSH.PA
- 1D
- 0.01%
- 1M
- 0.16%
- YTD
- 0.78%
- 6M
- 0.96%
- 1Y
- 1.96%
- 3Y*
- 2.96%
- 5Y*
- 1.89%
- 10Y*
- 0.92%
^GDAXI
- 1D
- 0.00%
- 1M
- 1.73%
- YTD
- 1.10%
- 6M
- 2.97%
- 1Y
- 1.87%
- 3Y*
- 15.79%
- 5Y*
- 9.71%
- 10Y*
- 9.67%
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 | 0.78% | 2.25% | 3.69% | 3.22% | -0.06% | -0.65% | 1.93% | -0.61% | -0.55% | -0.45% |
^GDAXI DAX Performance Index | 1.10% | 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 -0.05, 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 | -0.00 |
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 3, 2008 | -0.04 |
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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.
| CSH.PA | ^GDAXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.85 | ||
| Sortino ratioReturn per unit of downside risk | +6.33 | ||
| Omega ratioGain probability vs. loss probability | 1.96 | 1.03 | +0.93 |
| Calmar ratioReturn relative to maximum drawdown | 11.24 | 0.15 | +11.09 |
| Martin ratioReturn relative to average drawdown | 57.34 | 0.48 | +56.86 |
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
| CSH.PA | ^GDAXI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.96 | 0.12 | +3.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 5.28 | 0.56 | +4.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.41 | 0.52 | +0.89 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.40 | +0.39 |
Drawdowns
CSH.PA vs. ^GDAXI - Drawdown Comparison
The maximum CSH.PA drawdown since its inception was -3.73%, 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 | -3.73% | -72.68% | +68.95% |
Max Drawdown (1Y)Largest decline over 1 year | -0.18% | -12.27% | +12.09% |
Max Drawdown (3Y)Largest decline over 3 years | -0.18% | -16.01% | +15.83% |
Max Drawdown (5Y)Largest decline over 5 years | -0.76% | -26.40% | +25.64% |
Max Drawdown (10Y)Largest decline over 10 years | -2.26% | -38.78% | +36.52% |
Current DrawdownCurrent decline from peak | 0.00% | -2.60% | +2.60% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -15.53% | +14.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 3.87% | -3.84% |
Volatility
CSH.PA vs. ^GDAXI - Volatility Comparison
The current volatility for Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) is 0.09%, while DAX Performance Index (^GDAXI) has a volatility of 4.89%. 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 | 0.09% | 4.89% | -4.80% |
Volatility (6M)Calculated over the trailing 6-month period | 0.41% | 12.89% | -12.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.50% | 16.02% | -15.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.35% | 17.03% | -16.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.64% | 18.36% | -17.72% |
Frequently Asked Questions
CSH.PA and ^GDAXI 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.
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