CSH.PA vs. DBXD.DE
CSH.PA (Amundi EUR Overnight Return UCITS ETF Acc) and DBXD.DE (Xtrackers DAX UCITS ETF 1C) are both exchange-traded funds - CSH.PA is a Money Market fund tracking the Solactive Euro Overnight Return Index, while DBXD.DE is a Europe Equities fund tracking the DAX®. Both are passively managed. Over the past 10 years, CSH.PA returned 0.68%/yr vs 9.03%/yr for DBXD.DE. At a correlation of -0.03, they often move in opposite directions. CSH.PA charges 0.10%/yr vs 0.09%/yr for DBXD.DE.
Performance
CSH.PA vs. DBXD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CSH.PA achieves a 1.05% return, which is significantly higher than DBXD.DE's 0.89% return. Over the past 10 years, CSH.PA has underperformed DBXD.DE with an annualized return of 0.68%, while DBXD.DE has yielded a comparatively higher 9.03% annualized return.
CSH.PA
- 1D
- 0.00%
- 1M
- 0.18%
- 6M
- 1.04%
- YTD
- 1.05%
- 1Y
- 1.99%
- 3Y*
- 2.92%
- 5Y*
- 1.94%
- 10Y*
- 0.68%
DBXD.DE
- 1D
- -0.34%
- 1M
- -0.73%
- 6M
- -2.21%
- YTD
- 0.89%
- 1Y
- 1.76%
- 3Y*
- 14.95%
- 5Y*
- 9.27%
- 10Y*
- 9.03%
CSH.PA vs. DBXD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSH.PA Amundi EUR Overnight Return UCITS ETF Acc | 1.05% | 2.25% | 3.69% | 3.22% | -0.11% | -0.70% | -0.69% | -0.61% | -0.55% | -0.45% |
DBXD.DE Xtrackers DAX UCITS ETF 1C | 0.89% | 22.65% | 18.18% | 19.60% | -12.74% | 15.26% | 3.11% | 24.69% | -18.52% | 12.12% |
Correlation
The correlation between CSH.PA and DBXD.DE is -0.02, 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 | -0.02 |
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. DBXD.DE — Risk / Return Rank
CSH.PA
DBXD.DE
CSH.PA vs. DBXD.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 Xtrackers DAX UCITS ETF 1C (DBXD.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.
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 | DBXD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.74 | ||
| Sortino ratioReturn per unit of downside risk | +4.15 | ||
| Omega ratioGain probability vs. loss probability | 1.86 | 1.03 | +0.83 |
| Calmar ratioReturn relative to maximum drawdown | 5.77 | 0.12 | +5.66 |
| Martin ratioReturn relative to average drawdown | 34.47 | 0.36 | +34.11 |
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Drawdowns
CSH.PA vs. DBXD.DE - Drawdown Comparison
The maximum CSH.PA drawdown since its inception was -5.07%, smaller than the maximum DBXD.DE drawdown of -54.83%. Use the drawdown chart below to compare losses from any high point for CSH.PA and DBXD.DE.
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Drawdown Indicators
| CSH.PA | DBXD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.07% | -54.83% | +49.76% |
Max Drawdown (1Y)Largest decline over 1 year | -0.35% | -12.32% | +11.97% |
Max Drawdown (3Y)Largest decline over 3 years | -0.35% | -15.92% | +15.57% |
Max Drawdown (5Y)Largest decline over 5 years | -0.75% | -26.70% | +25.95% |
Max Drawdown (10Y)Largest decline over 10 years | -3.57% | -38.83% | +35.26% |
Current DrawdownCurrent decline from peak | -0.32% | -3.84% | +3.52% |
Average DrawdownAverage peak-to-trough decline | -1.51% | -11.27% | +9.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 3.95% | -3.89% |
Volatility
CSH.PA vs. DBXD.DE - Volatility Comparison
The current volatility for Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) is 0.53%, while Xtrackers DAX UCITS ETF 1C (DBXD.DE) has a volatility of 4.65%. This indicates that CSH.PA experiences smaller price fluctuations and is considered to be less risky than DBXD.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 | DBXD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 4.65% | -4.12% |
Volatility (6M)Calculated over the trailing 6-month period | 0.65% | 13.55% | -12.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.71% | 16.28% | -15.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.42% | 17.19% | -16.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.32% | 18.09% | -17.77% |
CSH.PA vs. DBXD.DE - Expense Ratio Comparison
CSH.PA has a 0.10% expense ratio, which is higher than DBXD.DE's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CSH.PA vs. DBXD.DE - Dividend Comparison
Neither CSH.PA nor DBXD.DE has paid dividends to shareholders.
Frequently Asked Questions
CSH.PA and DBXD.DE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBXD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXD.DE is cheaper with a 0.09% expense ratio, compared with 0.10% for CSH.PA.
CSH.PA is categorized as Money Market, while DBXD.DE is Europe Equities. CSH.PA tracks Solactive Euro Overnight Return Index, while DBXD.DE tracks DAX®. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.10% for CSH.PA and 0.09% for DBXD.DE.
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