CSH.PA vs. AINF.AS
CSH.PA (Amundi EUR Overnight Return UCITS ETF Acc) and AINF.AS (iShares AI Infrastructure UCITS ETF USD (Acc)) are both exchange-traded funds - CSH.PA is a Money Market fund tracking the Solactive Euro Overnight Return Index, while AINF.AS is a Technology Equities fund tracking the STOXX Global AI Infrastructure Index. Both are passively managed. Over the past year, CSH.PA returned 2.02% vs 90.14% for AINF.AS. At a correlation of -0.08, they often move in opposite directions. CSH.PA charges 0.10%/yr vs 0.35%/yr for AINF.AS.
Performance
CSH.PA vs. AINF.AS - Performance Comparison
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Different Trading Currencies
CSH.PA is traded in EUR, while AINF.AS is traded in USD. To make them comparable, the AINF.AS values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CSH.PA achieves a 1.03% return, which is significantly lower than AINF.AS's 54.30% return.
CSH.PA
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- 0.97%
- YTD
- 1.03%
- 1Y
- 2.02%
- 3Y*
- 2.92%
- 5Y*
- 1.94%
- 10Y*
- 0.67%
AINF.AS
- 1D
- 0.00%
- 1M
- -4.15%
- 6M
- 46.88%
- YTD
- 54.30%
- 1Y
- 90.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSH.PA vs. AINF.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CSH.PA Amundi EUR Overnight Return UCITS ETF Acc | 1.03% | 2.25% | 0.22% |
AINF.AS iShares AI Infrastructure UCITS ETF USD (Acc) | 54.30% | 26.65% | 2.12% |
Correlation
The correlation between CSH.PA and AINF.AS is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2024 | -0.08 |
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Return for Risk
CSH.PA vs. AINF.AS — Risk / Return Rank
CSH.PA
AINF.AS
CSH.PA vs. AINF.AS - 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 iShares AI Infrastructure UCITS ETF USD (Acc) (AINF.AS). 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 | AINF.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.85 | 1.50 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 5.74 | 7.65 | -1.90 |
| Martin ratioReturn relative to average drawdown | 39.15 | 22.85 | +16.30 |
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Drawdowns
CSH.PA vs. AINF.AS - Drawdown Comparison
The maximum CSH.PA drawdown since its inception was -5.07%, smaller than the maximum AINF.AS drawdown of -30.52%. Use the drawdown chart below to compare losses from any high point for CSH.PA and AINF.AS.
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Drawdown Indicators
| CSH.PA | AINF.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.07% | -30.52% | +25.45% |
Max Drawdown (1Y)Largest decline over 1 year | -0.35% | -11.60% | +11.25% |
Max Drawdown (3Y)Largest decline over 3 years | -0.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -0.75% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -3.58% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | -6.33% | +5.98% |
Average DrawdownAverage peak-to-trough decline | -1.51% | -5.62% | +4.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 3.91% | -3.86% |
Volatility
CSH.PA vs. AINF.AS - Volatility Comparison
The current volatility for Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) is 0.53%, while iShares AI Infrastructure UCITS ETF USD (Acc) (AINF.AS) has a volatility of 9.72%. This indicates that CSH.PA experiences smaller price fluctuations and is considered to be less risky than AINF.AS 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 | AINF.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 9.72% | -9.19% |
Volatility (6M)Calculated over the trailing 6-month period | 0.65% | 21.76% | -21.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.72% | 27.32% | -26.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.42% | 28.92% | -28.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.32% | 28.92% | -28.60% |
CSH.PA vs. AINF.AS - Expense Ratio Comparison
CSH.PA has a 0.10% expense ratio, which is lower than AINF.AS's 0.35% expense ratio.
Dividends
CSH.PA vs. AINF.AS - Dividend Comparison
Neither CSH.PA nor AINF.AS has paid dividends to shareholders.
Frequently Asked Questions
CSH.PA and AINF.AS have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSH.PA is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSH.PA is cheaper with a 0.10% expense ratio, compared with 0.35% for AINF.AS.
CSH.PA is categorized as Money Market, while AINF.AS is Technology Equities. CSH.PA tracks Solactive Euro Overnight Return Index, while AINF.AS tracks STOXX Global AI Infrastructure Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.10% for CSH.PA and 0.35% for AINF.AS.
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