CSH.PA vs. COPX
CSH.PA (Amundi EUR Overnight Return UCITS ETF Acc) and COPX (Global X Copper Miners ETF) are both exchange-traded funds - CSH.PA is a Money Market fund tracking the Solactive Euro Overnight Return Index, while COPX is a Materials fund tracking the Solactive Global Copper Miners Total Return Index. Both are passively managed. Over the past 10 years, CSH.PA returned 0.92%/yr vs 21.19%/yr for COPX. At a 0.00 correlation, their price movements are largely independent. CSH.PA charges 0.10%/yr vs 0.65%/yr for COPX.
Performance
CSH.PA vs. COPX - Performance Comparison
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Different Trading Currencies
CSH.PA is traded in EUR, while COPX is traded in USD. To make them comparable, the COPX 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 0.78% return, which is significantly lower than COPX's 27.10% return. Over the past 10 years, CSH.PA has underperformed COPX with an annualized return of 0.92%, while COPX has yielded a comparatively higher 21.19% annualized return.
CSH.PA
- 1D
- 0.01%
- 1M
- 0.18%
- YTD
- 0.78%
- 6M
- 0.98%
- 1Y
- 1.99%
- 3Y*
- 2.96%
- 5Y*
- 1.89%
- 10Y*
- 0.92%
COPX
- 1D
- -0.17%
- 1M
- 16.13%
- YTD
- 27.10%
- 6M
- 37.77%
- 1Y
- 114.34%
- 3Y*
- 34.31%
- 5Y*
- 20.98%
- 10Y*
- 21.19%
CSH.PA vs. COPX - 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% |
COPX Global X Copper Miners ETF | 27.10% | 70.54% | 10.40% | 5.13% | 5.39% | 32.61% | 39.16% | 15.02% | -28.08% | 21.85% |
Correlation
The correlation between CSH.PA and COPX is -0.08, 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 | -0.08 |
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 | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2010 | 0.00 |
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Return for Risk
CSH.PA vs. COPX — Risk / Return Rank
CSH.PA
COPX
CSH.PA vs. COPX - 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 Global X Copper Miners ETF (COPX). 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 | COPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +3.44 | ||
| Omega ratioGain probability vs. loss probability | 1.96 | 1.42 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 11.24 | 4.38 | +6.86 |
| Martin ratioReturn relative to average drawdown | 57.34 | 14.44 | +42.90 |
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 | COPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.96 | 2.91 | +1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 5.28 | 0.62 | +4.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.41 | 0.63 | +0.79 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.23 | +0.56 |
Drawdowns
CSH.PA vs. COPX - Drawdown Comparison
The maximum CSH.PA drawdown since its inception was -3.73%, smaller than the maximum COPX drawdown of -79.16%. Use the drawdown chart below to compare losses from any high point for CSH.PA and COPX.
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Drawdown Indicators
| CSH.PA | COPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.73% | -79.16% | +75.43% |
Max Drawdown (1Y)Largest decline over 1 year | -0.18% | -26.24% | +26.06% |
Max Drawdown (3Y)Largest decline over 3 years | -0.18% | -40.25% | +40.07% |
Max Drawdown (5Y)Largest decline over 5 years | -0.77% | -40.25% | +39.48% |
Max Drawdown (10Y)Largest decline over 10 years | -2.27% | -61.53% | +59.26% |
Current DrawdownCurrent decline from peak | 0.00% | -4.03% | +4.03% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -34.99% | +33.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 7.95% | -7.92% |
Volatility
CSH.PA vs. COPX - Volatility Comparison
The current volatility for Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) is 0.09%, while Global X Copper Miners ETF (COPX) has a volatility of 14.58%. This indicates that CSH.PA experiences smaller price fluctuations and is considered to be less risky than COPX 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 | COPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 14.58% | -14.49% |
Volatility (6M)Calculated over the trailing 6-month period | 0.41% | 33.74% | -33.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.50% | 39.47% | -38.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.35% | 34.11% | -33.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.64% | 33.96% | -33.32% |
CSH.PA vs. COPX - Expense Ratio Comparison
CSH.PA has a 0.10% expense ratio, which is lower than COPX's 0.65% expense ratio.
Dividends
CSH.PA vs. COPX - Dividend Comparison
CSH.PA has not paid dividends to shareholders, while COPX's dividend yield for the trailing twelve months is around 2.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COPX Global X Copper Miners ETF | 2.13% | 2.68% | 1.80% | 2.39% | 3.14% | 1.48% | 1.30% | 1.37% | 2.59% | 1.57% | 0.60% | 1.20% |
CSH.PA Amundi EUR Overnight Return UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% | 0.05% | 2.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CSH.PA and COPX have a correlation of -0.08, 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 0.65% for COPX.
CSH.PA is categorized as Money Market, while COPX is Materials. CSH.PA tracks Solactive Euro Overnight Return Index, while COPX tracks Solactive Global Copper Miners Total Return Index. They also come from different issuers: Amundi and Global X. Their fees differ too: 0.10% for CSH.PA and 0.65% for COPX.
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