CSH.PA vs. CLOA.DE
Compare and contrast key facts about Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) and Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE).
CSH.PA and CLOA.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CSH.PA is a passively managed fund by Amundi that tracks the performance of the Solactive Euro Overnight Return Index. It was launched on Sep 13, 2007. CLOA.DE is a passively managed fund by Invesco that tracks the performance of the J.P. Morgan European Collateralized Loan Obligation AAA-only Index. It was launched on Feb 10, 2025. Both CSH.PA and CLOA.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CSH.PA vs. CLOA.DE - Performance Comparison
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CSH.PA vs. CLOA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CSH.PA Amundi EUR Overnight Return UCITS ETF Acc | 0.45% | 1.97% |
CLOA.DE Invesco EUR AAA CLO UCITS ETF Acc | 0.35% | 2.88% |
Returns By Period
In the year-to-date period, CSH.PA achieves a 0.45% return, which is significantly higher than CLOA.DE's 0.35% return.
CSH.PA
- 1D
- 0.04%
- 1M
- 0.17%
- YTD
- 0.45%
- 6M
- 1.02%
- 1Y
- 2.02%
- 3Y*
- 3.02%
- 5Y*
- 1.80%
- 10Y*
- 0.88%
CLOA.DE
- 1D
- -0.23%
- 1M
- -0.04%
- YTD
- 0.35%
- 6M
- 1.16%
- 1Y
- 2.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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CSH.PA vs. CLOA.DE - Expense Ratio Comparison
CSH.PA has a 0.10% expense ratio, which is lower than CLOA.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
CSH.PA vs. CLOA.DE — Risk / Return Rank
CSH.PA
CLOA.DE
CSH.PA vs. CLOA.DE - 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 Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE). 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 | CLOA.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.80 | 2.00 | +1.80 |
Sortino ratioReturn per unit of downside risk | 6.25 | 2.92 | +3.33 |
Omega ratioGain probability vs. loss probability | 1.89 | 1.42 | +0.47 |
Calmar ratioReturn relative to maximum drawdown | 11.82 | 6.58 | +5.24 |
Martin ratioReturn relative to average drawdown | 64.78 | 21.81 | +42.97 |
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 | CLOA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.80 | 2.00 | +1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 5.13 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 1.99 | -1.22 |
Correlation
The correlation between CSH.PA and CLOA.DE is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CSH.PA vs. CLOA.DE - Dividend Comparison
Neither CSH.PA nor CLOA.DE has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CSH.PA Amundi EUR Overnight Return UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% | 0.05% | 2.60% |
CLOA.DE Invesco EUR AAA CLO UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CSH.PA vs. CLOA.DE - Drawdown Comparison
The maximum CSH.PA drawdown since its inception was -3.73%, which is greater than CLOA.DE's maximum drawdown of -0.49%. Use the drawdown chart below to compare losses from any high point for CSH.PA and CLOA.DE.
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Drawdown Indicators
| CSH.PA | CLOA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.73% | -0.49% | -3.24% |
Max Drawdown (1Y)Largest decline over 1 year | -0.18% | -0.45% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -0.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -2.34% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | -0.23% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -1.05% | -0.09% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 0.14% | -0.11% |
Volatility
CSH.PA vs. CLOA.DE - Volatility Comparison
The current volatility for Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) is 0.29%, while Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE) has a volatility of 0.39%. This indicates that CSH.PA experiences smaller price fluctuations and is considered to be less risky than CLOA.DE 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 | CLOA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.29% | 0.39% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 0.41% | 0.90% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.53% | 1.48% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.35% | 1.43% | -1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.64% | 1.43% | -0.79% |