CSH.PA vs. TDGB.L
CSH.PA (Amundi EUR Overnight Return UCITS ETF Acc) and TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - CSH.PA is a Money Market fund tracking the Solactive Euro Overnight Return Index, while TDGB.L is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 10 years, CSH.PA returned 0.92%/yr vs 9.69%/yr for TDGB.L. At a 0.01 correlation, their price movements are largely independent. CSH.PA charges 0.10%/yr vs 0.38%/yr for TDGB.L.
Performance
CSH.PA vs. TDGB.L - Performance Comparison
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Different Trading Currencies
CSH.PA is traded in EUR, while TDGB.L is traded in GBP. To make them comparable, the TDGB.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 TDGB.L's 11.53% return. Over the past 10 years, CSH.PA has underperformed TDGB.L with an annualized return of 0.92%, while TDGB.L has yielded a comparatively higher 9.69% 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%
TDGB.L
- 1D
- 0.21%
- 1M
- 2.32%
- YTD
- 11.53%
- 6M
- 13.60%
- 1Y
- 27.54%
- 3Y*
- 20.01%
- 5Y*
- 17.82%
- 10Y*
- 9.69%
CSH.PA vs. TDGB.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% |
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 11.53% | 24.07% | 16.00% | 11.35% | 16.18% | 27.37% | -10.74% | 10.49% | -9.11% | -1.18% |
Correlation
The correlation between CSH.PA and TDGB.L 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 | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.01 |
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Return for Risk
CSH.PA vs. TDGB.L — Risk / Return Rank
CSH.PA
TDGB.L
CSH.PA vs. TDGB.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 VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.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 | TDGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.96 | 1.55 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 11.24 | 8.17 | +3.07 |
| Martin ratioReturn relative to average drawdown | 57.34 | 23.41 | +33.93 |
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Drawdowns
CSH.PA vs. TDGB.L - Drawdown Comparison
The maximum CSH.PA drawdown since its inception was -3.73%, smaller than the maximum TDGB.L drawdown of -38.08%. Use the drawdown chart below to compare losses from any high point for CSH.PA and TDGB.L.
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Drawdown Indicators
| CSH.PA | TDGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.73% | -38.08% | +34.35% |
Max Drawdown (1Y)Largest decline over 1 year | -0.18% | -3.36% | +3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -0.18% | -14.51% | +14.33% |
Max Drawdown (5Y)Largest decline over 5 years | -0.75% | -14.51% | +13.76% |
Max Drawdown (10Y)Largest decline over 10 years | -2.26% | -38.08% | +35.82% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -6.41% | +5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 1.17% | -1.14% |
Volatility
CSH.PA vs. TDGB.L - Volatility Comparison
The current volatility for Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) is 0.09%, while VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) has a volatility of 1.98%. This indicates that CSH.PA experiences smaller price fluctuations and is considered to be less risky than TDGB.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 | TDGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 1.98% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 0.41% | 6.86% | -6.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.50% | 9.41% | -8.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.35% | 12.02% | -11.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.64% | 15.65% | -15.01% |
CSH.PA vs. TDGB.L - Expense Ratio Comparison
CSH.PA has a 0.10% expense ratio, which is lower than TDGB.L's 0.38% expense ratio.
Dividends
CSH.PA vs. TDGB.L - Dividend Comparison
CSH.PA has not paid dividends to shareholders, while TDGB.L's dividend yield for the trailing twelve months is around 3.16%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.16% | 3.50% | 4.26% | 4.93% | 4.40% | 4.06% | 4.16% | 4.52% | 4.38% | 3.48% |
Frequently Asked Questions
CSH.PA and TDGB.L 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 0.38% for TDGB.L.
CSH.PA is categorized as Money Market, while TDGB.L is Global Equities. CSH.PA tracks Solactive Euro Overnight Return Index, while TDGB.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: Amundi and VanEck. Their fees differ too: 0.10% for CSH.PA and 0.38% for TDGB.L.
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