CSH2.L vs. AEGG.L
CSH2.L (Lyxor Smart Overnight Return UCITS ETF C-GBP) and AEGG.L (iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc)) are both exchange-traded funds - CSH2.L is a Money Market fund actively managed by Amundi, while AEGG.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg GBP. CSH2.L is actively managed, while AEGG.L is passively managed. Over the past 3 years, CSH2.L returned 4.99%/yr vs 3.81%/yr for AEGG.L. At a 0.04 correlation, their price movements are largely independent. CSH2.L charges 0.07%/yr vs 0.10%/yr for AEGG.L.
Performance
CSH2.L vs. AEGG.L - Performance Comparison
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Different Trading Currencies
CSH2.L is traded in GBp, while AEGG.L is traded in GBP. To make them comparable, the AEGG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CSH2.L achieves a 1.71% return, which is significantly higher than AEGG.L's 0.37% return.
CSH2.L
- 1D
- 0.01%
- 1M
- 0.35%
- YTD
- 1.71%
- 6M
- 2.09%
- 1Y
- 4.37%
- 3Y*
- 4.99%
- 5Y*
- 3.65%
- 10Y*
- 2.07%
AEGG.L
- 1D
- -0.24%
- 1M
- 0.16%
- YTD
- 0.37%
- 6M
- 0.48%
- 1Y
- 3.27%
- 3Y*
- 3.81%
- 5Y*
- —
- 10Y*
- —
CSH2.L vs. AEGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CSH2.L Lyxor Smart Overnight Return UCITS ETF C-GBP | 1.71% | 4.67% | 5.61% | 4.72% | 1.54% | 0.02% |
AEGG.L iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc) | 0.37% | 4.36% | 3.07% | 5.65% | -12.74% | -0.69% |
Correlation
The correlation between CSH2.L and AEGG.L is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2021 | 0.04 |
The correlation between CSH2.L and AEGG.L shifts across timeframes, from -0.06 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CSH2.L vs. AEGG.L — Risk / Return Rank
CSH2.L
AEGG.L
CSH2.L vs. AEGG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) and iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc) (AEGG.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.
| CSH2.L | AEGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.00 | ||
| Sortino ratioReturn per unit of downside risk | +13.46 | ||
| Omega ratioGain probability vs. loss probability | 4.37 | 1.18 | +3.18 |
| Calmar ratioReturn relative to maximum drawdown | 27.61 | 1.36 | +26.25 |
| Martin ratioReturn relative to average drawdown | 158.77 | 3.93 | +154.84 |
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
| CSH2.L | AEGG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 8.04 | 1.04 | +7.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 6.48 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 4.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.61 | -0.06 | +4.67 |
Drawdowns
CSH2.L vs. AEGG.L - Drawdown Comparison
The maximum CSH2.L drawdown since its inception was -0.37%, smaller than the maximum AEGG.L drawdown of -15.75%. Use the drawdown chart below to compare losses from any high point for CSH2.L and AEGG.L.
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Drawdown Indicators
| CSH2.L | AEGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.37% | -15.75% | +15.38% |
Max Drawdown (1Y)Largest decline over 1 year | -0.16% | -2.38% | +2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -0.29% | -3.72% | +3.43% |
Max Drawdown (5Y)Largest decline over 5 years | -0.29% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -0.37% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.48% | +1.48% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -7.55% | +7.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 0.83% | -0.80% |
Volatility
CSH2.L vs. AEGG.L - Volatility Comparison
The current volatility for Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) is 0.08%, while iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc) (AEGG.L) has a volatility of 1.41%. This indicates that CSH2.L experiences smaller price fluctuations and is considered to be less risky than AEGG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSH2.L | AEGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.08% | 1.41% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 0.25% | 2.48% | -2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.54% | 3.12% | -2.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.56% | 4.59% | -4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.44% | 4.59% | -4.15% |
CSH2.L vs. AEGG.L - Expense Ratio Comparison
CSH2.L has a 0.07% expense ratio, which is lower than AEGG.L's 0.10% 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
CSH2.L vs. AEGG.L - Dividend Comparison
Neither CSH2.L nor AEGG.L has paid dividends to shareholders.
Frequently Asked Questions
CSH2.L and AEGG.L have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSH2.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSH2.L is cheaper with a 0.07% expense ratio, compared with 0.10% for AEGG.L.
CSH2.L is categorized as Money Market, while AEGG.L is Global Bonds. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.07% for CSH2.L and 0.10% for AEGG.L.
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