CSH2.L vs. CU2G.L

Last updated Jun 4, 2026

CSH2.L (Lyxor Smart Overnight Return UCITS ETF C-GBP) and CU2G.L (Amundi MSCI USA UCITS USD) are both exchange-traded funds - CSH2.L is a Money Market fund actively managed by Amundi, while CU2G.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. CSH2.L is actively managed, while CU2G.L is passively managed. Over the past 10 years, CSH2.L returned 2.07%/yr vs 15.40%/yr for CU2G.L. At a correlation of -0.02, they often move in opposite directions. CSH2.L charges 0.07%/yr vs 0.18%/yr for CU2G.L.

Performance

CSH2.L vs. CU2G.L - 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 Amundi MSCI USA UCITS USD (CU2G.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSH2.L achieves a 1.71% return, which is significantly lower than CU2G.L's 12.15% return. Over the past 10 years, CSH2.L has underperformed CU2G.L with an annualized return of 2.07%, while CU2G.L has yielded a comparatively higher 15.40% 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%

CU2G.L

• 1D: -0.01%
• 1M: 8.13%
• YTD: 12.15%
• 6M: 12.93%
• 1Y: 28.55%
• 3Y*: 16.92%
• 5Y*: 13.05%
• 10Y*: 15.40%

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

CSH2.L vs. CU2G.L - 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%
CU2G.L Amundi MSCI USA UCITS USD	12.15%	6.37%	21.31%	20.11%	-10.63%	29.15%	16.42%	26.58%	-0.32%	10.75%

Correlation

The correlation between CSH2.L and CU2G.L is -0.07, 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	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (5Y) Calculated over the trailing 5-year period	-0.03
Correlation (10Y) Calculated over the trailing 10-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016	-0.02

CSH2.L vs. CU2G.L - Sectors Allocation Comparison

Sectors	CSH2.L	CU2G.L
Technology	35.9%	29.4%
Communication Services	13.9%	8.8%
Consumer Cyclical	13.9%	11.0%
Healthcare	11.3%	13.0%
Financial Services	10.4%	11.7%
Industrials	6.3%	8.4%
Consumer Defensive	4.9%	6.3%
Energy	1.4%	4.4%
Utilities	1.1%	2.3%
Basic Materials	1.0%	2.3%
Real Estate	0.0%	2.5%

Return for Risk

CSH2.L vs. CU2G.L — 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

CU2G.L

CU2G.L Risk / Return Rank: 68
CU2G.L Sharpe Ratio Rank: 75
CU2G.L Sortino Ratio Rank: 72
CU2G.L Omega Ratio Rank: 75
CU2G.L Calmar Ratio Rank: 58
CU2G.L Martin Ratio Rank: 59

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. CU2G.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 Amundi MSCI USA UCITS USD (CU2G.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	CU2G.L	Difference
Sharpe ratio: Return per unit of total volatility	8.04	2.43	+5.61
Sortino ratio: Return per unit of downside risk	15.04	3.22	+11.82
Omega ratio: Gain probability vs. loss probability	4.37	1.44	+2.92
Calmar ratio: Return relative to maximum drawdown	27.61	2.86	+24.75
Martin ratio: Return relative to average drawdown	158.77	10.34	+148.43
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. CU2G.L - Sharpe Ratio Comparison

The current CSH2.L Sharpe Ratio is 8.04, which is higher than the CU2G.L Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of CSH2.L and CU2G.L, 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	CU2G.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	8.04	2.43	+5.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	6.48	0.90	+5.58
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	4.68	0.98	+3.69
Sharpe Ratio (All Time) Calculated using the full available price history	4.61	1.00	+3.61

Drawdowns

CSH2.L vs. CU2G.L - Drawdown Comparison

The maximum CSH2.L drawdown since its inception was -0.37%, smaller than the maximum CU2G.L drawdown of -25.96%. Use the drawdown chart below to compare losses from any high point for CSH2.L and CU2G.L.

Drawdown Indicators

	CSH2.L	CU2G.L	Difference
Max Drawdown Largest peak-to-trough decline	-0.37%	-25.96%	+25.59%
Max Drawdown (1Y) Largest decline over 1 year	-0.16%	-9.93%	+9.77%
Max Drawdown (3Y) Largest decline over 3 years	-0.29%	-21.81%	+21.52%
Max Drawdown (5Y) Largest decline over 5 years	-0.29%	-21.81%	+21.52%
Max Drawdown (10Y) Largest decline over 10 years	-0.37%	-25.96%	+25.59%
Current Drawdown Current decline from peak	0.00%	-0.01%	+0.01%
Average Drawdown Average peak-to-trough decline	-0.00%	-3.66%	+3.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	2.76%	-2.73%

Volatility

CSH2.L vs. CU2G.L - Volatility Comparison

The current volatility for Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) is 0.08%, while Amundi MSCI USA UCITS USD (CU2G.L) has a volatility of 3.21%. This indicates that CSH2.L experiences smaller price fluctuations and is considered to be less risky than CU2G.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSH2.L	CU2G.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.08%	3.21%	-3.13%
Volatility (6M) Calculated over the trailing 6-month period	0.25%	8.38%	-8.13%
Volatility (1Y) Calculated over the trailing 1-year period	0.54%	11.78%	-11.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.56%	14.57%	-14.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.44%	15.76%	-15.32%

CSH2.L vs. CU2G.L - Expense Ratio Comparison

CSH2.L has a 0.07% expense ratio, which is lower than CU2G.L's 0.18% 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. CU2G.L - Dividend Comparison

Neither CSH2.L nor CU2G.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CSH2.L and CU2G.L in my portfolio?

CSH2.L and CU2G.L have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CSH2.L or CU2G.L?

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.

Which ETF is cheaper, CSH2.L or CU2G.L?

CSH2.L is cheaper with a 0.07% expense ratio, compared with 0.18% for CU2G.L.

What is the main difference between CSH2.L and CU2G.L?

CSH2.L is categorized as Money Market, while CU2G.L is Large Cap Blend Equities. Their fees differ too: 0.07% for CSH2.L and 0.18% for CU2G.L.