CSH2.L vs. BIL
Compare and contrast key facts about Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
CSH2.L and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CSH2.L is an actively managed fund by Amundi. It was launched on Mar 2, 2015. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CSH2.L or BIL.
Key characteristics
| CSH2.L | BIL | |
|---|---|---|
| YTD Return | 4.85% | 4.53% |
| 1Y Return | 5.55% | 5.28% |
| 3Y Return (Ann) | 3.72% | 3.63% |
| 5Y Return (Ann) | 2.32% | 2.26% |
| Sharpe Ratio | 6.07 | 20.36 |
| Sortino Ratio | 9.64 | 273.01 |
| Omega Ratio | 3.54 | 158.62 |
| Calmar Ratio | 19.14 | 482.85 |
| Martin Ratio | 129.35 | 4,446.78 |
| Ulcer Index | 0.04% | 0.00% |
| Daily Std Dev | 0.91% | 0.26% |
| Max Drawdown | -0.37% | -0.77% |
| Current Drawdown | 0.00% | -0.01% |
Correlation
The correlation between CSH2.L and BIL is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CSH2.L vs. BIL - Performance Comparison
In the year-to-date period, CSH2.L achieves a 4.85% return, which is significantly higher than BIL's 4.53% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CSH2.L vs. BIL - Expense Ratio Comparison
CSH2.L has a 0.07% expense ratio, which is lower than BIL's 0.14% 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%.
Risk-Adjusted Performance
CSH2.L vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). 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.
Dividends
CSH2.L vs. BIL - Dividend Comparison
CSH2.L has not paid dividends to shareholders, while BIL's dividend yield for the trailing twelve months is around 5.15%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
CSH2.L Lyxor Smart Overnight Return UCITS ETF C-GBP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 5.15% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Drawdowns
CSH2.L vs. BIL - Drawdown Comparison
The maximum CSH2.L drawdown since its inception was -0.37%, smaller than the maximum BIL drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for CSH2.L and BIL. For additional features, visit the drawdowns tool.
Volatility
CSH2.L vs. BIL - Volatility Comparison
Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) has a higher volatility of 2.30% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.08%. This indicates that CSH2.L's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.