CSH.PA vs. VETA.L
CSH.PA (Amundi EUR Overnight Return UCITS ETF Acc) and VETA.L (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) are both exchange-traded funds - CSH.PA is a Money Market fund tracking the Solactive Euro Overnight Return Index, while VETA.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR. Both are passively managed. Over the past 5 years, CSH.PA returned 1.89%/yr vs -2.23%/yr for VETA.L. At a 0.02 correlation, their price movements are largely independent. CSH.PA charges 0.10%/yr vs 0.07%/yr for VETA.L.
Performance
CSH.PA vs. VETA.L - Performance Comparison
Loading charts...
Different Trading Currencies
CSH.PA is traded in EUR, while VETA.L is traded in GBP. To make them comparable, the VETA.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 higher than VETA.L's 0.07% 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%
VETA.L
- 1D
- 0.14%
- 1M
- 0.59%
- YTD
- 0.07%
- 6M
- 0.08%
- 1Y
- -0.02%
- 3Y*
- 2.32%
- 5Y*
- -2.23%
- 10Y*
- —
CSH.PA vs. VETA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CSH.PA Amundi EUR Overnight Return UCITS ETF Acc | 0.78% | 2.25% | 3.69% | 3.22% | -0.06% | -0.65% | 1.93% | -0.51% |
VETA.L Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.07% | 0.27% | 1.75% | 6.98% | -18.05% | -3.90% | 4.64% | 6.73% |
Correlation
The correlation between CSH.PA and VETA.L is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CSH.PA vs. VETA.L — Risk / Return Rank
CSH.PA
VETA.L
CSH.PA vs. VETA.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 Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VETA.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.
| CSH.PA | VETA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.97 | ||
| Sortino ratioReturn per unit of downside risk | +6.59 | ||
| Omega ratioGain probability vs. loss probability | 1.96 | 1.00 | +0.96 |
| Calmar ratioReturn relative to maximum drawdown | 11.24 | -0.00 | +11.25 |
| Martin ratioReturn relative to average drawdown | 57.34 | -0.01 | +57.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CSH.PA | VETA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.96 | -0.00 | +3.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 5.28 | -0.32 | +5.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | -0.08 | +0.86 |
Drawdowns
CSH.PA vs. VETA.L - Drawdown Comparison
The maximum CSH.PA drawdown since its inception was -3.73%, smaller than the maximum VETA.L drawdown of -22.88%. Use the drawdown chart below to compare losses from any high point for CSH.PA and VETA.L.
Loading charts...
Drawdown Indicators
| CSH.PA | VETA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.73% | -22.88% | +19.15% |
Max Drawdown (1Y)Largest decline over 1 year | -0.18% | -3.72% | +3.54% |
Max Drawdown (3Y)Largest decline over 3 years | -0.18% | -4.30% | +4.12% |
Max Drawdown (5Y)Largest decline over 5 years | -0.77% | -21.72% | +20.95% |
Max Drawdown (10Y)Largest decline over 10 years | -2.27% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -14.27% | +14.27% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -10.67% | +9.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 1.43% | -1.40% |
Volatility
CSH.PA vs. VETA.L - Volatility Comparison
The current volatility for Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) is 0.09%, while Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VETA.L) has a volatility of 1.67%. This indicates that CSH.PA experiences smaller price fluctuations and is considered to be less risky than VETA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CSH.PA | VETA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 1.67% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 0.41% | 3.60% | -3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.50% | 4.46% | -3.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.35% | 7.02% | -6.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.64% | 7.00% | -6.36% |
CSH.PA vs. VETA.L - Expense Ratio Comparison
CSH.PA has a 0.10% expense ratio, which is higher than VETA.L'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. VETA.L - Dividend Comparison
Neither CSH.PA nor VETA.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% |
VETA.L Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CSH.PA and VETA.L have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VETA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VETA.L is cheaper with a 0.07% expense ratio, compared with 0.10% for CSH.PA.
CSH.PA is categorized as Money Market, while VETA.L is European Government Bonds. CSH.PA tracks Solactive Euro Overnight Return Index, while VETA.L tracks Bloomberg Euro Agg Govt TR EUR. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.10% for CSH.PA and 0.07% for VETA.L.
Find the right allocation for CSH.PA and VETA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer