CSH.PA vs. EWT
CSH.PA (Amundi EUR Overnight Return UCITS ETF Acc) and EWT (iShares MSCI Taiwan ETF) are both exchange-traded funds - CSH.PA is a Money Market fund tracking the Solactive Euro Overnight Return Index, while EWT is a Asia Pacific Equities fund tracking the MSCI Taiwan Index. Both are passively managed. Over the past 10 years, CSH.PA returned 0.92%/yr vs 19.46%/yr for EWT. At a 0.00 correlation, their price movements are largely independent. CSH.PA charges 0.10%/yr vs 0.59%/yr for EWT.
Performance
CSH.PA vs. EWT - Performance Comparison
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Different Trading Currencies
CSH.PA is traded in EUR, while EWT is traded in USD. To make them comparable, the EWT 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 EWT's 68.35% return. Over the past 10 years, CSH.PA has underperformed EWT with an annualized return of 0.92%, while EWT has yielded a comparatively higher 19.46% 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%
EWT
- 1D
- -1.21%
- 1M
- 14.75%
- YTD
- 68.35%
- 6M
- 71.92%
- 1Y
- 101.54%
- 3Y*
- 34.32%
- 5Y*
- 19.17%
- 10Y*
- 19.46%
CSH.PA vs. EWT - 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% |
EWT iShares MSCI Taiwan ETF | 68.35% | 13.14% | 23.78% | 20.25% | -24.49% | 35.62% | 20.66% | 36.37% | -5.67% | 11.23% |
Correlation
The correlation between CSH.PA and EWT 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 | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2008 | 0.00 |
The correlation between CSH.PA and EWT shifts across timeframes, from -0.08 (1 year) to 0.03 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CSH.PA vs. EWT — Risk / Return Rank
CSH.PA
EWT
CSH.PA vs. EWT - 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 MSCI Taiwan ETF (EWT). 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 | EWT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.96 | 1.69 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 11.24 | 12.31 | -1.07 |
| Martin ratioReturn relative to average drawdown | 57.34 | 33.80 | +23.54 |
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 | EWT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.96 | 4.24 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 5.28 | 0.90 | +4.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.41 | 0.93 | +0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.49 | +0.30 |
Drawdowns
CSH.PA vs. EWT - Drawdown Comparison
The maximum CSH.PA drawdown since its inception was -3.73%, smaller than the maximum EWT drawdown of -57.02%. Use the drawdown chart below to compare losses from any high point for CSH.PA and EWT.
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Drawdown Indicators
| CSH.PA | EWT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.73% | -57.02% | +53.29% |
Max Drawdown (1Y)Largest decline over 1 year | -0.18% | -8.29% | +8.11% |
Max Drawdown (3Y)Largest decline over 3 years | -0.18% | -27.84% | +27.66% |
Max Drawdown (5Y)Largest decline over 5 years | -0.77% | -31.06% | +30.29% |
Max Drawdown (10Y)Largest decline over 10 years | -2.27% | -31.06% | +28.79% |
Current DrawdownCurrent decline from peak | 0.00% | -1.21% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -11.36% | +10.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 3.02% | -2.99% |
Volatility
CSH.PA vs. EWT - Volatility Comparison
The current volatility for Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) is 0.09%, while iShares MSCI Taiwan ETF (EWT) has a volatility of 9.82%. This indicates that CSH.PA experiences smaller price fluctuations and is considered to be less risky than EWT 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 | EWT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 9.82% | -9.73% |
Volatility (6M)Calculated over the trailing 6-month period | 0.41% | 19.23% | -18.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.50% | 24.08% | -23.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.35% | 21.32% | -20.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.64% | 20.91% | -20.27% |
CSH.PA vs. EWT - Expense Ratio Comparison
CSH.PA has a 0.10% expense ratio, which is lower than EWT's 0.59% expense ratio.
Dividends
CSH.PA vs. EWT - Dividend Comparison
CSH.PA has not paid dividends to shareholders, while EWT's dividend yield for the trailing twelve months is around 2.66%.
| 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% |
EWT iShares MSCI Taiwan ETF | 2.66% | 4.43% | 3.32% | 8.12% | 18.82% | 0.55% | 1.83% | 2.49% | 3.16% | 2.81% | 2.39% | 3.12% |
Frequently Asked Questions
CSH.PA and EWT 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 0.59% for EWT.
CSH.PA is categorized as Money Market, while EWT is Asia Pacific Equities. CSH.PA tracks Solactive Euro Overnight Return Index, while EWT tracks MSCI Taiwan Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.10% for CSH.PA and 0.59% for EWT.
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