CSH2.L vs. CU2U.L
CSH2.L (Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc) and CU2U.L (Amundi MSCI USA UCITS USD) are both exchange-traded funds - CSH2.L is a Money Market fund tracking the SONIA Compounded (GBP Hedged), while CU2U.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 10 years, CSH2.L returned 2.09%/yr vs 14.90%/yr for CU2U.L. At a correlation of -0.01, they often move in opposite directions. CSH2.L charges 0.10%/yr vs 0.18%/yr for CU2U.L.
Performance
CSH2.L vs. CU2U.L - Performance Comparison
Loading charts...
Different Trading Currencies
CSH2.L is traded in GBp, while CU2U.L is traded in USD. To make them comparable, the CU2U.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 1.93% return, which is significantly lower than CU2U.L's 12.34% return. Over the past 10 years, CSH2.L has underperformed CU2U.L with an annualized return of 2.09%, while CU2U.L has yielded a comparatively higher 14.90% annualized return.
CSH2.L
- 1D
- 0.01%
- 1M
- 0.33%
- YTD
- 1.93%
- 6M
- 1.99%
- 1Y
- 4.35%
- 3Y*
- 4.97%
- 5Y*
- 3.70%
- 10Y*
- 2.09%
CU2U.L
- 1D
- -1.54%
- 1M
- 2.33%
- YTD
- 12.34%
- 6M
- 12.46%
- 1Y
- 29.14%
- 3Y*
- 17.13%
- 5Y*
- 12.33%
- 10Y*
- 14.90%
CSH2.L vs. CU2U.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSH2.L Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc | 1.93% | 4.67% | 5.61% | 4.72% | 1.54% | 0.13% | 0.30% | 0.82% | 0.70% | 0.42% |
CU2U.L Amundi MSCI USA UCITS USD | 12.34% | 5.97% | 21.58% | 20.73% | -10.52% | 28.58% | 16.91% | 26.59% | -0.88% | 11.17% |
Correlation
The correlation between CSH2.L and CU2U.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 | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since May 29, 2015 | -0.01 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CSH2.L vs. CU2U.L — Risk / Return Rank
CSH2.L
CU2U.L
CSH2.L vs. CU2U.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc (CSH2.L) and Amundi MSCI USA UCITS USD (CU2U.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CSH2.L | CU2U.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.95 | ||
| Sortino ratioReturn per unit of downside risk | +12.18 | ||
| Omega ratioGain probability vs. loss probability | 4.49 | 1.40 | +3.09 |
| Calmar ratioReturn relative to maximum drawdown | 27.47 | 2.97 | +24.50 |
| Martin ratioReturn relative to average drawdown | 160.87 | 10.04 | +150.84 |
Loading charts...
Drawdowns
CSH2.L vs. CU2U.L - Drawdown Comparison
The maximum CSH2.L drawdown since its inception was -0.37%, smaller than the maximum CU2U.L drawdown of -26.52%. Use the drawdown chart below to compare losses from any high point for CSH2.L and CU2U.L.
Loading charts...
Drawdown Indicators
| CSH2.L | CU2U.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.37% | -26.52% | +26.15% |
Max Drawdown (1Y)Largest decline over 1 year | -0.16% | -9.78% | +9.62% |
Max Drawdown (3Y)Largest decline over 3 years | -0.29% | -21.98% | +21.69% |
Max Drawdown (5Y)Largest decline over 5 years | -0.29% | -21.98% | +21.69% |
Max Drawdown (10Y)Largest decline over 10 years | -0.37% | -26.52% | +26.15% |
Current DrawdownCurrent decline from peak | 0.00% | -1.71% | +1.71% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -3.66% | +3.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 2.89% | -2.86% |
Volatility
CSH2.L vs. CU2U.L - Volatility Comparison
The current volatility for Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc (CSH2.L) is 0.06%, while Amundi MSCI USA UCITS USD (CU2U.L) has a volatility of 4.51%. This indicates that CSH2.L experiences smaller price fluctuations and is considered to be less risky than CU2U.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CSH2.L | CU2U.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 4.51% | -4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 0.23% | 10.43% | -10.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.53% | 13.28% | -12.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.56% | 15.83% | -15.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.44% | 16.49% | -16.05% |
CSH2.L vs. CU2U.L - Expense Ratio Comparison
CSH2.L has a 0.10% expense ratio, which is lower than CU2U.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. CU2U.L - Dividend Comparison
Neither CSH2.L nor CU2U.L has paid dividends to shareholders.
Frequently Asked Questions
CSH2.L and CU2U.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 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSH2.L is cheaper with a 0.10% expense ratio, compared with 0.18% for CU2U.L.
CSH2.L is categorized as Money Market, while CU2U.L is Large Cap Blend Equities. CSH2.L tracks SONIA Compounded (GBP Hedged), while CU2U.L tracks Russell 1000 TR USD. Their fees differ too: 0.10% for CSH2.L and 0.18% for CU2U.L.
Find the right allocation for CSH2.L and CU2U.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer