CSH.PA vs. EUNH.DE
CSH.PA (Amundi EUR Overnight Return UCITS ETF Acc) and EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) are both exchange-traded funds - CSH.PA is a Money Market fund tracking the Solactive Euro Overnight Return Index, while EUNH.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 10 years, CSH.PA returned 0.92%/yr vs -0.32%/yr for EUNH.DE. At a correlation of -0.00, they often move in opposite directions. CSH.PA charges 0.10%/yr vs 0.07%/yr for EUNH.DE.
Performance
CSH.PA vs. EUNH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CSH.PA achieves a 0.78% return, which is significantly higher than EUNH.DE's -0.06% return. Over the past 10 years, CSH.PA has outperformed EUNH.DE with an annualized return of 0.92%, while EUNH.DE has yielded a comparatively lower -0.32% 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%
EUNH.DE
- 1D
- 0.04%
- 1M
- 0.49%
- YTD
- -0.06%
- 6M
- 0.02%
- 1Y
- -0.11%
- 3Y*
- 2.35%
- 5Y*
- -2.27%
- 10Y*
- -0.32%
CSH.PA vs. EUNH.DE - 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% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | -0.06% | 0.80% | 1.52% | 6.83% | -18.32% | -3.37% | 4.72% | 6.76% | 0.85% | -0.13% |
Correlation
The correlation between CSH.PA and EUNH.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 | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2009 | -0.00 |
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Return for Risk
CSH.PA vs. EUNH.DE — Risk / Return Rank
CSH.PA
EUNH.DE
CSH.PA vs. EUNH.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 iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.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 | EUNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.99 | ||
| Sortino ratioReturn per unit of downside risk | +6.62 | ||
| Omega ratioGain probability vs. loss probability | 1.96 | 1.00 | +0.96 |
| Calmar ratioReturn relative to maximum drawdown | 11.24 | -0.03 | +11.27 |
| Martin ratioReturn relative to average drawdown | 57.34 | -0.08 | +57.42 |
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 | EUNH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.96 | -0.02 | +3.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 5.28 | -0.35 | +5.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.41 | -0.06 | +1.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.25 | +0.53 |
Drawdowns
CSH.PA vs. EUNH.DE - Drawdown Comparison
The maximum CSH.PA drawdown since its inception was -3.73%, smaller than the maximum EUNH.DE drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for CSH.PA and EUNH.DE.
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Drawdown Indicators
| CSH.PA | EUNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.73% | -22.43% | +18.70% |
Max Drawdown (1Y)Largest decline over 1 year | -0.18% | -3.48% | +3.30% |
Max Drawdown (3Y)Largest decline over 3 years | -0.18% | -4.10% | +3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -0.77% | -21.53% | +20.76% |
Max Drawdown (10Y)Largest decline over 10 years | -2.27% | -22.43% | +20.16% |
Current DrawdownCurrent decline from peak | 0.00% | -14.10% | +14.10% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -5.97% | +4.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 1.35% | -1.32% |
Volatility
CSH.PA vs. EUNH.DE - Volatility Comparison
The current volatility for Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) is 0.09%, while iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) has a volatility of 1.72%. This indicates that CSH.PA experiences smaller price fluctuations and is considered to be less risky than EUNH.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 | EUNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 1.72% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 0.41% | 3.70% | -3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.50% | 4.37% | -3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.35% | 6.34% | -5.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.64% | 5.52% | -4.88% |
CSH.PA vs. EUNH.DE - Expense Ratio Comparison
CSH.PA has a 0.10% expense ratio, which is higher than EUNH.DE's 0.07% 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. EUNH.DE - Dividend Comparison
CSH.PA has not paid dividends to shareholders, while EUNH.DE's dividend yield for the trailing twelve months is around 2.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | 2.49% | 2.30% | 1.77% | 0.97% | 0.27% | 0.24% | 0.47% | 0.65% | 0.66% | 0.70% | 0.94% | 0.62% |
Frequently Asked Questions
CSH.PA and EUNH.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, EUNH.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNH.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for CSH.PA.
CSH.PA is categorized as Money Market, while EUNH.DE is European Government Bonds. CSH.PA tracks Solactive Euro Overnight Return Index, while EUNH.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.10% for CSH.PA and 0.07% for EUNH.DE.
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