CSH.PA vs. DEAM.DE
CSH.PA (Amundi EUR Overnight Return UCITS ETF Acc) and DEAM.DE (Invesco MDAX UCITS ETF A) are both exchange-traded funds - CSH.PA is a Money Market fund tracking the Solactive Euro Overnight Return Index, while DEAM.DE is a Europe Equities fund tracking the MDAX®. Both are passively managed. Over the past 5 years, CSH.PA returned 1.94%/yr vs -1.95%/yr for DEAM.DE. At a correlation of -0.00, they often move in opposite directions. CSH.PA charges 0.10%/yr vs 0.19%/yr for DEAM.DE.
Performance
CSH.PA vs. DEAM.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 lower than DEAM.DE's 3.71% 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%
DEAM.DE
- 1D
- 0.06%
- 1M
- -1.89%
- 6M
- -0.55%
- YTD
- 3.71%
- 1Y
- 2.10%
- 3Y*
- 3.87%
- 5Y*
- -1.95%
- 10Y*
- —
CSH.PA vs. DEAM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CSH.PA Amundi EUR Overnight Return UCITS ETF Acc | 1.05% | 2.25% | 3.69% | 3.22% | -0.11% | -0.70% | -0.69% | -0.53% |
DEAM.DE Invesco MDAX UCITS ETF A | 3.71% | 19.33% | -6.04% | 7.34% | -28.80% | 13.67% | 8.06% | 20.37% |
Correlation
The correlation between CSH.PA and DEAM.DE is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2019 | -0.00 |
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Return for Risk
CSH.PA vs. DEAM.DE — Risk / Return Rank
CSH.PA
DEAM.DE
CSH.PA vs. DEAM.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 MDAX UCITS ETF A (DEAM.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 | DEAM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.70 | ||
| Sortino ratioReturn per unit of downside risk | +4.09 | ||
| Omega ratioGain probability vs. loss probability | 1.86 | 1.04 | +0.82 |
| Calmar ratioReturn relative to maximum drawdown | 5.77 | 0.15 | +5.62 |
| Martin ratioReturn relative to average drawdown | 34.47 | 0.43 | +34.04 |
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Drawdowns
CSH.PA vs. DEAM.DE - Drawdown Comparison
The maximum CSH.PA drawdown since its inception was -5.07%, smaller than the maximum DEAM.DE drawdown of -40.04%. Use the drawdown chart below to compare losses from any high point for CSH.PA and DEAM.DE.
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Drawdown Indicators
| CSH.PA | DEAM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.07% | -40.04% | +34.97% |
Max Drawdown (1Y)Largest decline over 1 year | -0.35% | -14.95% | +14.60% |
Max Drawdown (3Y)Largest decline over 3 years | -0.35% | -18.48% | +18.13% |
Max Drawdown (5Y)Largest decline over 5 years | -0.75% | -40.04% | +39.29% |
Max Drawdown (10Y)Largest decline over 10 years | -3.57% | — | — |
Current DrawdownCurrent decline from peak | -0.32% | -13.92% | +13.60% |
Average DrawdownAverage peak-to-trough decline | -1.51% | -16.18% | +14.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 5.36% | -5.30% |
Volatility
CSH.PA vs. DEAM.DE - Volatility Comparison
The current volatility for Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) is 0.53%, while Invesco MDAX UCITS ETF A (DEAM.DE) has a volatility of 4.94%. This indicates that CSH.PA experiences smaller price fluctuations and is considered to be less risky than DEAM.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 | DEAM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 4.94% | -4.41% |
Volatility (6M)Calculated over the trailing 6-month period | 0.65% | 15.96% | -15.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.71% | 18.83% | -18.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.42% | 19.40% | -18.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.32% | 19.56% | -19.24% |
CSH.PA vs. DEAM.DE - Expense Ratio Comparison
CSH.PA has a 0.10% expense ratio, which is lower than DEAM.DE's 0.19% 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%.
Dividends
CSH.PA vs. DEAM.DE - Dividend Comparison
Neither CSH.PA nor DEAM.DE has paid dividends to shareholders.
Frequently Asked Questions
CSH.PA and DEAM.DE have a correlation of -0.03, 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 0.19% for DEAM.DE.
CSH.PA is categorized as Money Market, while DEAM.DE is Europe Equities. CSH.PA tracks Solactive Euro Overnight Return Index, while DEAM.DE tracks MDAX®. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.10% for CSH.PA and 0.19% for DEAM.DE.
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