CSH.PA vs. IUSA.DE
CSH.PA (Amundi EUR Overnight Return UCITS ETF Acc) and IUSA.DE (iShares Core S&P 500 UCITS ETF USD Dist) are both exchange-traded funds - CSH.PA is a Money Market fund tracking the Solactive Euro Overnight Return Index, while IUSA.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, CSH.PA returned 0.92%/yr vs 15.16%/yr for IUSA.DE. At a correlation of -0.04, they often move in opposite directions. CSH.PA charges 0.10%/yr vs 0.07%/yr for IUSA.DE.
Performance
CSH.PA vs. IUSA.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 IUSA.DE's 11.42% return. Over the past 10 years, CSH.PA has underperformed IUSA.DE with an annualized return of 0.92%, while IUSA.DE has yielded a comparatively higher 15.16% 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%
IUSA.DE
- 1D
- -0.13%
- 1M
- 5.19%
- YTD
- 11.42%
- 6M
- 11.46%
- 1Y
- 25.79%
- 3Y*
- 19.00%
- 5Y*
- 14.90%
- 10Y*
- 15.16%
CSH.PA vs. IUSA.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% |
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 11.42% | 4.84% | 32.50% | 22.60% | -14.19% | 41.00% | 7.02% | 34.79% | -0.83% | 7.30% |
Correlation
The correlation between CSH.PA and IUSA.DE is -0.04, 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 | -0.04 |
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 | -0.04 |
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Return for Risk
CSH.PA vs. IUSA.DE — Risk / Return Rank
CSH.PA
IUSA.DE
CSH.PA vs. IUSA.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 S&P 500 UCITS ETF USD Dist (IUSA.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 | IUSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +3.57 | ||
| Omega ratioGain probability vs. loss probability | 1.96 | 1.42 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 11.24 | 3.63 | +7.61 |
| Martin ratioReturn relative to average drawdown | 57.34 | 12.88 | +44.45 |
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 | IUSA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.96 | 2.24 | +1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 5.28 | 0.97 | +4.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.41 | 0.94 | +0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.67 | +0.12 |
Drawdowns
CSH.PA vs. IUSA.DE - Drawdown Comparison
The maximum CSH.PA drawdown since its inception was -3.73%, smaller than the maximum IUSA.DE drawdown of -50.54%. Use the drawdown chart below to compare losses from any high point for CSH.PA and IUSA.DE.
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Drawdown Indicators
| CSH.PA | IUSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.73% | -50.54% | +46.81% |
Max Drawdown (1Y)Largest decline over 1 year | -0.18% | -7.08% | +6.90% |
Max Drawdown (3Y)Largest decline over 3 years | -0.18% | -23.34% | +23.16% |
Max Drawdown (5Y)Largest decline over 5 years | -0.77% | -23.34% | +22.57% |
Max Drawdown (10Y)Largest decline over 10 years | -2.27% | -33.63% | +31.36% |
Current DrawdownCurrent decline from peak | 0.00% | -0.46% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -7.19% | +6.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 2.00% | -1.97% |
Volatility
CSH.PA vs. IUSA.DE - Volatility Comparison
The current volatility for Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) is 0.09%, while iShares Core S&P 500 UCITS ETF USD Dist (IUSA.DE) has a volatility of 2.67%. This indicates that CSH.PA experiences smaller price fluctuations and is considered to be less risky than IUSA.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 | IUSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 2.67% | -2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 0.41% | 7.57% | -7.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.50% | 11.48% | -10.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.35% | 15.17% | -14.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.64% | 16.06% | -15.42% |
CSH.PA vs. IUSA.DE - Expense Ratio Comparison
CSH.PA has a 0.10% expense ratio, which is higher than IUSA.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. IUSA.DE - Dividend Comparison
CSH.PA has not paid dividends to shareholders, while IUSA.DE's dividend yield for the trailing twelve months is around 0.99%.
| 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% |
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 0.99% | 1.08% | 1.07% | 1.35% | 1.54% | 1.16% | 1.62% | 1.66% | 2.00% | 2.09% | 1.50% | 1.68% |
Frequently Asked Questions
CSH.PA and IUSA.DE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSA.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for CSH.PA.
CSH.PA is categorized as Money Market, while IUSA.DE is S&P 500. CSH.PA tracks Solactive Euro Overnight Return Index, while IUSA.DE tracks S&P 500 Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.10% for CSH.PA and 0.07% for IUSA.DE.
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