CSH.PA vs. XD5E.DE
CSH.PA (Amundi EUR Overnight Return UCITS ETF Acc) and XD5E.DE (Xtrackers MSCI EMU UCITS ETF 1D) are both exchange-traded funds - CSH.PA is a Money Market fund tracking the Solactive Euro Overnight Return Index, while XD5E.DE is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, CSH.PA returned 0.92%/yr vs 10.03%/yr for XD5E.DE. At a correlation of -0.00, they often move in opposite directions. CSH.PA charges 0.10%/yr vs 0.12%/yr for XD5E.DE.
Performance
CSH.PA vs. XD5E.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 XD5E.DE's 8.92% return. Over the past 10 years, CSH.PA has underperformed XD5E.DE with an annualized return of 0.92%, while XD5E.DE has yielded a comparatively higher 10.03% 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%
XD5E.DE
- 1D
- 0.52%
- 1M
- 4.50%
- YTD
- 8.92%
- 6M
- 10.66%
- 1Y
- 18.06%
- 3Y*
- 16.06%
- 5Y*
- 10.59%
- 10Y*
- 10.03%
CSH.PA vs. XD5E.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% |
XD5E.DE Xtrackers MSCI EMU UCITS ETF 1D | 8.92% | 24.71% | 9.50% | 18.86% | -11.92% | 22.17% | -0.74% | 27.44% | -12.93% | 13.47% |
Correlation
The correlation between CSH.PA and XD5E.DE is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
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 Dec 20, 2012 | -0.00 |
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Return for Risk
CSH.PA vs. XD5E.DE — Risk / Return Rank
CSH.PA
XD5E.DE
CSH.PA vs. XD5E.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 Xtrackers MSCI EMU UCITS ETF 1D (XD5E.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 | XD5E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.72 | ||
| Sortino ratioReturn per unit of downside risk | +4.74 | ||
| Omega ratioGain probability vs. loss probability | 1.96 | 1.23 | +0.73 |
| Calmar ratioReturn relative to maximum drawdown | 11.24 | 1.75 | +9.49 |
| Martin ratioReturn relative to average drawdown | 57.34 | 6.40 | +50.94 |
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 | XD5E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.96 | 1.24 | +2.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 5.28 | 0.65 | +4.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.41 | 0.59 | +0.83 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.55 | +0.23 |
Drawdowns
CSH.PA vs. XD5E.DE - Drawdown Comparison
The maximum CSH.PA drawdown since its inception was -3.73%, smaller than the maximum XD5E.DE drawdown of -38.04%. Use the drawdown chart below to compare losses from any high point for CSH.PA and XD5E.DE.
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Drawdown Indicators
| CSH.PA | XD5E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.73% | -38.04% | +34.31% |
Max Drawdown (1Y)Largest decline over 1 year | -0.18% | -10.26% | +10.08% |
Max Drawdown (3Y)Largest decline over 3 years | -0.18% | -15.30% | +15.12% |
Max Drawdown (5Y)Largest decline over 5 years | -0.77% | -24.56% | +23.79% |
Max Drawdown (10Y)Largest decline over 10 years | -2.27% | -38.04% | +35.77% |
Current DrawdownCurrent decline from peak | 0.00% | -0.44% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -5.74% | +4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 2.82% | -2.79% |
Volatility
CSH.PA vs. XD5E.DE - Volatility Comparison
The current volatility for Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) is 0.09%, while Xtrackers MSCI EMU UCITS ETF 1D (XD5E.DE) has a volatility of 4.54%. This indicates that CSH.PA experiences smaller price fluctuations and is considered to be less risky than XD5E.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 | XD5E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 4.54% | -4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 0.41% | 11.91% | -11.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.50% | 14.52% | -14.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.35% | 16.13% | -15.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.64% | 17.03% | -16.39% |
CSH.PA vs. XD5E.DE - Expense Ratio Comparison
CSH.PA has a 0.10% expense ratio, which is lower than XD5E.DE's 0.12% 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. XD5E.DE - Dividend Comparison
CSH.PA has not paid dividends to shareholders, while XD5E.DE's dividend yield for the trailing twelve months is around 2.42%.
| 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% |
XD5E.DE Xtrackers MSCI EMU UCITS ETF 1D | 2.42% | 2.54% | 2.86% | 2.74% | 4.66% | 1.41% | 2.94% | 2.59% | 1.89% | 2.51% | 0.73% | 0.36% |
Frequently Asked Questions
CSH.PA and XD5E.DE have a correlation of -0.05, 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 0.12% for XD5E.DE.
CSH.PA is categorized as Money Market, while XD5E.DE is Europe Equities. CSH.PA tracks Solactive Euro Overnight Return Index, while XD5E.DE tracks MSCI EMU NR EUR. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.10% for CSH.PA and 0.12% for XD5E.DE.
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