CSH.PA vs. ETLX.DE
CSH.PA (Amundi EUR Overnight Return UCITS ETF Acc) and ETLX.DE (L&G Gold Mining UCITS ETF) are both exchange-traded funds - CSH.PA is a Money Market fund tracking the Solactive Euro Overnight Return Index, while ETLX.DE is a Gold fund tracking the DAXglobal® Gold Miners. Both are passively managed. Over the past 10 years, CSH.PA returned 0.68%/yr vs 11.24%/yr for ETLX.DE. At a correlation of -0.01, they often move in opposite directions. CSH.PA charges 0.10%/yr vs 0.65%/yr for ETLX.DE.
Performance
CSH.PA vs. ETLX.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 ETLX.DE's -17.69% return. Over the past 10 years, CSH.PA has underperformed ETLX.DE with an annualized return of 0.68%, while ETLX.DE has yielded a comparatively higher 11.24% 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%
ETLX.DE
- 1D
- -1.41%
- 1M
- -14.44%
- 6M
- -25.07%
- YTD
- -17.69%
- 1Y
- 45.65%
- 3Y*
- 37.92%
- 5Y*
- 22.00%
- 10Y*
- 11.24%
CSH.PA vs. ETLX.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% |
ETLX.DE L&G Gold Mining UCITS ETF | -17.69% | 152.51% | 27.45% | 11.01% | -7.07% | -3.33% | 12.25% | 42.55% | -5.79% | -3.18% |
Correlation
The correlation between CSH.PA and ETLX.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 | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2009 | -0.01 |
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Return for Risk
CSH.PA vs. ETLX.DE — Risk / Return Rank
CSH.PA
ETLX.DE
CSH.PA vs. ETLX.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 L&G Gold Mining UCITS ETF (ETLX.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 | ETLX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.88 | ||
| Sortino ratioReturn per unit of downside risk | +2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.86 | 1.18 | +0.68 |
| Calmar ratioReturn relative to maximum drawdown | 5.77 | 1.25 | +4.52 |
| Martin ratioReturn relative to average drawdown | 34.47 | 2.92 | +31.54 |
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Drawdowns
CSH.PA vs. ETLX.DE - Drawdown Comparison
The maximum CSH.PA drawdown since its inception was -5.07%, smaller than the maximum ETLX.DE drawdown of -73.44%. Use the drawdown chart below to compare losses from any high point for CSH.PA and ETLX.DE.
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Drawdown Indicators
| CSH.PA | ETLX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.07% | -73.44% | +68.37% |
Max Drawdown (1Y)Largest decline over 1 year | -0.35% | -36.57% | +36.22% |
Max Drawdown (3Y)Largest decline over 3 years | -0.35% | -36.57% | +36.22% |
Max Drawdown (5Y)Largest decline over 5 years | -0.75% | -42.01% | +41.26% |
Max Drawdown (10Y)Largest decline over 10 years | -3.57% | -47.06% | +43.49% |
Current DrawdownCurrent decline from peak | -0.32% | -36.57% | +36.25% |
Average DrawdownAverage peak-to-trough decline | -1.51% | -34.38% | +32.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 15.71% | -15.65% |
Volatility
CSH.PA vs. ETLX.DE - Volatility Comparison
The current volatility for Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) is 0.53%, while L&G Gold Mining UCITS ETF (ETLX.DE) has a volatility of 13.74%. This indicates that CSH.PA experiences smaller price fluctuations and is considered to be less risky than ETLX.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 | ETLX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 13.74% | -13.21% |
Volatility (6M)Calculated over the trailing 6-month period | 0.65% | 37.76% | -37.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.71% | 48.26% | -47.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.42% | 36.80% | -36.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.32% | 34.09% | -33.77% |
CSH.PA vs. ETLX.DE - Expense Ratio Comparison
CSH.PA has a 0.10% expense ratio, which is lower than ETLX.DE's 0.65% expense ratio.
Dividends
CSH.PA vs. ETLX.DE - Dividend Comparison
Neither CSH.PA nor ETLX.DE has paid dividends to shareholders.
Frequently Asked Questions
CSH.PA and ETLX.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 0.65% for ETLX.DE.
CSH.PA is categorized as Money Market, while ETLX.DE is Gold. CSH.PA tracks Solactive Euro Overnight Return Index, while ETLX.DE tracks DAXglobal® Gold Miners. They also come from different issuers: Amundi and Legal & General. Their fees differ too: 0.10% for CSH.PA and 0.65% for ETLX.DE.
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