CSH.PA vs. GSDE.DE
CSH.PA (Amundi EUR Overnight Return UCITS ETF Acc) and GSDE.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) are both exchange-traded funds - CSH.PA is a Money Market fund tracking the Solactive Euro Overnight Return Index, while GSDE.DE is a Commodities fund tracking the BNP Paribas Energy & Metals Enhanced Roll. Both are passively managed. Over the past 10 years, CSH.PA returned 0.92%/yr vs 9.70%/yr for GSDE.DE. At a correlation of -0.03, they often move in opposite directions. CSH.PA charges 0.10%/yr vs 0.39%/yr for GSDE.DE.
Performance
CSH.PA vs. GSDE.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 lower than GSDE.DE's 23.86% return. Over the past 10 years, CSH.PA has underperformed GSDE.DE with an annualized return of 0.92%, while GSDE.DE has yielded a comparatively higher 9.70% 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%
GSDE.DE
- 1D
- -0.69%
- 1M
- -0.24%
- YTD
- 23.86%
- 6M
- 26.63%
- 1Y
- 44.74%
- 3Y*
- 15.82%
- 5Y*
- 14.84%
- 10Y*
- 9.70%
CSH.PA vs. GSDE.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% |
GSDE.DE BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR | 23.86% | 13.74% | 14.93% | -12.88% | 21.59% | 38.67% | -11.20% | 13.32% | -3.71% | -5.15% |
Correlation
The correlation between CSH.PA and GSDE.DE is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
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 | -0.03 |
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Return for Risk
CSH.PA vs. GSDE.DE — Risk / Return Rank
CSH.PA
GSDE.DE
CSH.PA vs. GSDE.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 BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.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 | GSDE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +3.70 | ||
| Omega ratioGain probability vs. loss probability | 1.96 | 1.43 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 11.24 | 5.65 | +5.60 |
| Martin ratioReturn relative to average drawdown | 57.34 | 12.60 | +44.74 |
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 | GSDE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.96 | 2.37 | +1.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 5.28 | 0.82 | +4.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.41 | 0.63 | +0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.09 | +0.70 |
Drawdowns
CSH.PA vs. GSDE.DE - Drawdown Comparison
The maximum CSH.PA drawdown since its inception was -3.73%, smaller than the maximum GSDE.DE drawdown of -68.91%. Use the drawdown chart below to compare losses from any high point for CSH.PA and GSDE.DE.
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Drawdown Indicators
| CSH.PA | GSDE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.73% | -68.91% | +65.18% |
Max Drawdown (1Y)Largest decline over 1 year | -0.18% | -7.89% | +7.71% |
Max Drawdown (3Y)Largest decline over 3 years | -0.18% | -15.25% | +15.07% |
Max Drawdown (5Y)Largest decline over 5 years | -0.77% | -29.72% | +28.95% |
Max Drawdown (10Y)Largest decline over 10 years | -2.27% | -29.72% | +27.45% |
Current DrawdownCurrent decline from peak | 0.00% | -6.40% | +6.40% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -44.09% | +43.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 3.54% | -3.51% |
Volatility
CSH.PA vs. GSDE.DE - Volatility Comparison
The current volatility for Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) is 0.09%, while BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.DE) has a volatility of 4.51%. This indicates that CSH.PA experiences smaller price fluctuations and is considered to be less risky than GSDE.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 | GSDE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 4.51% | -4.42% |
Volatility (6M)Calculated over the trailing 6-month period | 0.41% | 16.35% | -15.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.50% | 18.80% | -18.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.35% | 17.84% | -17.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.64% | 15.76% | -15.12% |
CSH.PA vs. GSDE.DE - Expense Ratio Comparison
CSH.PA has a 0.10% expense ratio, which is lower than GSDE.DE's 0.39% expense ratio.
Dividends
CSH.PA vs. GSDE.DE - Dividend Comparison
Neither CSH.PA nor GSDE.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CSH.PA Amundi EUR Overnight Return UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% | 0.05% | 2.60% |
GSDE.DE BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CSH.PA and GSDE.DE have a correlation of -0.01, 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 0.39% for GSDE.DE.
CSH.PA is categorized as Money Market, while GSDE.DE is Commodities. CSH.PA tracks Solactive Euro Overnight Return Index, while GSDE.DE tracks BNP Paribas Energy & Metals Enhanced Roll. They also come from different issuers: Amundi and BNP Paribas. Their fees differ too: 0.10% for CSH.PA and 0.39% for GSDE.DE.
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