CSH.PA vs. SJPA.L
CSH.PA (Amundi EUR Overnight Return UCITS ETF Acc) and SJPA.L (iShares Core MSCI Japan IMI UCITS ETF) are both exchange-traded funds - CSH.PA is a Money Market fund tracking the Solactive Euro Overnight Return Index, while SJPA.L is a Japan Equities fund tracking the TOPIX TR JPY. Both are passively managed. Over the past 10 years, CSH.PA returned 0.92%/yr vs 9.34%/yr for SJPA.L. At a correlation of -0.01, they often move in opposite directions. CSH.PA charges 0.10%/yr vs 0.15%/yr for SJPA.L.
Performance
CSH.PA vs. SJPA.L - Performance Comparison
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Different Trading Currencies
CSH.PA is traded in EUR, while SJPA.L is traded in GBp. To make them comparable, the SJPA.L 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 SJPA.L's 16.71% return. Over the past 10 years, CSH.PA has underperformed SJPA.L with an annualized return of 0.92%, while SJPA.L has yielded a comparatively higher 9.34% annualized return.
CSH.PA
- 1D
- 0.01%
- 1M
- 0.14%
- YTD
- 0.78%
- 6M
- 0.94%
- 1Y
- 1.88%
- 3Y*
- 2.96%
- 5Y*
- 1.89%
- 10Y*
- 0.92%
SJPA.L
- 1D
- 2.18%
- 1M
- 0.83%
- YTD
- 16.71%
- 6M
- 16.62%
- 1Y
- 30.82%
- 3Y*
- 14.20%
- 5Y*
- 9.71%
- 10Y*
- 9.34%
CSH.PA vs. SJPA.L - 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% |
SJPA.L iShares Core MSCI Japan IMI UCITS ETF | 16.71% | 12.02% | 13.59% | 15.15% | -11.05% | 8.23% | 5.00% | 21.98% | -10.27% | 10.17% |
Correlation
The correlation between CSH.PA and SJPA.L 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 | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2009 | -0.01 |
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Return for Risk
CSH.PA vs. SJPA.L — Risk / Return Rank
CSH.PA
SJPA.L
CSH.PA vs. SJPA.L - 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 MSCI Japan IMI UCITS ETF (SJPA.L). 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 | SJPA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.28 | ||
| Sortino ratioReturn per unit of downside risk | +4.09 | ||
| Omega ratioGain probability vs. loss probability | 1.96 | 1.32 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 11.24 | 3.12 | +8.12 |
| Martin ratioReturn relative to average drawdown | 57.34 | 10.45 | +46.89 |
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Drawdowns
CSH.PA vs. SJPA.L - Drawdown Comparison
The maximum CSH.PA drawdown since its inception was -3.73%, smaller than the maximum SJPA.L drawdown of -43.90%. Use the drawdown chart below to compare losses from any high point for CSH.PA and SJPA.L.
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Drawdown Indicators
| CSH.PA | SJPA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.73% | -43.90% | +40.17% |
Max Drawdown (1Y)Largest decline over 1 year | -0.18% | -9.83% | +9.65% |
Max Drawdown (3Y)Largest decline over 3 years | -0.18% | -19.25% | +19.07% |
Max Drawdown (5Y)Largest decline over 5 years | -0.75% | -19.25% | +18.50% |
Max Drawdown (10Y)Largest decline over 10 years | -2.26% | -28.76% | +26.50% |
Current DrawdownCurrent decline from peak | 0.00% | -0.73% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -14.38% | +13.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 2.94% | -2.91% |
Volatility
CSH.PA vs. SJPA.L - Volatility Comparison
The current volatility for Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) is 0.09%, while iShares Core MSCI Japan IMI UCITS ETF (SJPA.L) has a volatility of 4.22%. This indicates that CSH.PA experiences smaller price fluctuations and is considered to be less risky than SJPA.L 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 | SJPA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 4.22% | -4.13% |
Volatility (6M)Calculated over the trailing 6-month period | 0.41% | 14.82% | -14.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.50% | 18.20% | -17.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.35% | 21.35% | -21.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.64% | 18.97% | -18.33% |
CSH.PA vs. SJPA.L - Expense Ratio Comparison
CSH.PA has a 0.10% expense ratio, which is lower than SJPA.L's 0.15% expense ratio. Despite the difference, 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. SJPA.L - Dividend Comparison
Neither CSH.PA nor SJPA.L 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% |
SJPA.L iShares Core MSCI Japan IMI UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CSH.PA and SJPA.L 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 0.15% for SJPA.L.
CSH.PA is categorized as Money Market, while SJPA.L is Japan Equities. CSH.PA tracks Solactive Euro Overnight Return Index, while SJPA.L tracks TOPIX TR JPY. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.10% for CSH.PA and 0.15% for SJPA.L.
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