CSH2.L vs. CBFSX

Last updated Jun 4, 2026

CSH2.L (Lyxor Smart Overnight Return UCITS ETF C-GBP) and CBFSX (JPMorgan Corporate Bond Fund) are both funds - CSH2.L is a Money Market fund actively managed by Amundi, while CBFSX is a Corporate Bonds fund managed by JPMorgan. Over the past 10 years, CSH2.L returned 2.07%/yr vs 3.66%/yr for CBFSX. At a 0.03 correlation, their price movements are largely independent. CSH2.L charges 0.07%/yr vs 0.50%/yr for CBFSX.

Performance

CSH2.L vs. CBFSX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) and JPMorgan Corporate Bond Fund (CBFSX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CSH2.L is traded in GBp, while CBFSX is traded in USD. To make them comparable, the CBFSX 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 CBFSX's 0.39% return. Over the past 10 years, CSH2.L has underperformed CBFSX with an annualized return of 2.07%, while CBFSX has yielded a comparatively higher 3.66% annualized 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%

CBFSX

• 1D: 0.06%
• 1M: 1.56%
• YTD: 0.39%
• 6M: -0.77%
• 1Y: 6.42%
• 3Y*: 2.70%
• 5Y*: 1.70%
• 10Y*: 3.66%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CSH2.L vs. CBFSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSH2.L Lyxor Smart Overnight Return UCITS ETF C-GBP	1.71%	4.67%	5.61%	4.72%	1.54%	0.13%	0.30%	0.82%	0.70%	0.42%
CBFSX JPMorgan Corporate Bond Fund	0.39%	-0.20%	4.50%	3.74%	-6.08%	0.17%	7.00%	10.68%	3.49%	-2.35%

Correlation

The correlation between CSH2.L and CBFSX 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	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since Jun 11, 2015	0.03

Return for Risk

CSH2.L vs. CBFSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CSH2.L

CSH2.L Risk / Return Rank: 99
CSH2.L Sharpe Ratio Rank: 99
CSH2.L Sortino Ratio Rank: 99
CSH2.L Omega Ratio Rank: 99
CSH2.L Calmar Ratio Rank: 99
CSH2.L Martin Ratio Rank: 99

CBFSX

CBFSX Risk / Return Rank: 23
CBFSX Sharpe Ratio Rank: 25
CBFSX Sortino Ratio Rank: 25
CBFSX Omega Ratio Rank: 24
CBFSX Calmar Ratio Rank: 22
CBFSX Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CSH2.L vs. CBFSX - 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 JPMorgan Corporate Bond Fund (CBFSX). 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	CBFSX	Difference
Sharpe ratio: Return per unit of total volatility	8.04	1.06	+6.98
Sortino ratio: Return per unit of downside risk	15.04	1.62	+13.41
Omega ratio: Gain probability vs. loss probability	4.37	1.20	+3.17
Calmar ratio: Return relative to maximum drawdown	27.61	1.30	+26.31
Martin ratio: Return relative to average drawdown	158.77	3.15	+155.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSH2.L vs. CBFSX - Sharpe Ratio Comparison

The current CSH2.L Sharpe Ratio is 8.04, which is higher than the CBFSX Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of CSH2.L and CBFSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CSH2.L	CBFSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	8.04	1.06	+6.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	6.48	0.19	+6.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	4.68	0.37	+4.31
Sharpe Ratio (All Time) Calculated using the full available price history	4.61	0.42	+4.20

Drawdowns

CSH2.L vs. CBFSX - Drawdown Comparison

The maximum CSH2.L drawdown since its inception was -0.37%, smaller than the maximum CBFSX drawdown of -14.69%. Use the drawdown chart below to compare losses from any high point for CSH2.L and CBFSX.

Drawdown Indicators

	CSH2.L	CBFSX	Difference
Max Drawdown Largest peak-to-trough decline	-0.37%	-14.69%	+14.32%
Max Drawdown (1Y) Largest decline over 1 year	-0.16%	-5.19%	+5.03%
Max Drawdown (3Y) Largest decline over 3 years	-0.29%	-9.38%	+9.09%
Max Drawdown (5Y) Largest decline over 5 years	-0.29%	-12.98%	+12.69%
Max Drawdown (10Y) Largest decline over 10 years	-0.37%	-14.69%	+14.32%
Current Drawdown Current decline from peak	0.00%	-3.32%	+3.32%
Average Drawdown Average peak-to-trough decline	-0.00%	-5.90%	+5.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	2.14%	-2.11%

Volatility

CSH2.L vs. CBFSX - Volatility Comparison

The current volatility for Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) is 0.08%, while JPMorgan Corporate Bond Fund (CBFSX) has a volatility of 1.56%. This indicates that CSH2.L experiences smaller price fluctuations and is considered to be less risky than CBFSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSH2.L	CBFSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.08%	1.56%	-1.48%
Volatility (6M) Calculated over the trailing 6-month period	0.25%	4.97%	-4.72%
Volatility (1Y) Calculated over the trailing 1-year period	0.54%	6.45%	-5.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.56%	8.98%	-8.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.44%	9.93%	-9.49%

CSH2.L vs. CBFSX - Expense Ratio Comparison

CSH2.L has a 0.07% expense ratio, which is lower than CBFSX's 0.50% expense ratio.

Dividends

CSH2.L vs. CBFSX - Dividend Comparison

CSH2.L has not paid dividends to shareholders, while CBFSX's dividend yield for the trailing twelve months is around 4.53%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CBFSX JPMorgan Corporate Bond Fund	4.53%	4.54%	4.99%	4.18%	4.06%	7.96%	3.74%	3.14%	4.55%	6.78%	3.11%	3.11%
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%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CSH2.L and CBFSX in my portfolio?

CSH2.L and CBFSX 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.