CSH2.L vs. ERNA.L
Compare and contrast key facts about Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) and iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.L).
CSH2.L and ERNA.L 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. ERNA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Corp 1-3 Yr TR USD. It was launched on Jun 29, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CSH2.L or ERNA.L.
Key characteristics
| CSH2.L | ERNA.L | |
|---|---|---|
| YTD Return | 4.85% | 4.87% |
| 1Y Return | 5.55% | 5.87% |
| 3Y Return (Ann) | 3.72% | 3.90% |
| 5Y Return (Ann) | 2.32% | 2.69% |
| Sharpe Ratio | 6.07 | 7.57 |
| Sortino Ratio | 9.64 | 15.67 |
| Omega Ratio | 3.54 | 3.37 |
| Calmar Ratio | 19.14 | 57.39 |
| Martin Ratio | 129.35 | 199.35 |
| Ulcer Index | 0.04% | 0.03% |
| Daily Std Dev | 0.91% | 0.78% |
| Max Drawdown | -0.37% | -8.63% |
| Current Drawdown | 0.00% | -0.10% |
Correlation
The correlation between CSH2.L and ERNA.L is 0.11, 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. ERNA.L - Performance Comparison
The year-to-date returns for both investments are quite close, with CSH2.L having a 4.85% return and ERNA.L slightly higher at 4.87%. 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. ERNA.L - Expense Ratio Comparison
CSH2.L has a 0.07% expense ratio, which is lower than ERNA.L's 0.09% 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. ERNA.L - 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 iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.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.
Dividends
CSH2.L vs. ERNA.L - Dividend Comparison
Neither CSH2.L nor ERNA.L has paid dividends to shareholders.
Drawdowns
CSH2.L vs. ERNA.L - Drawdown Comparison
The maximum CSH2.L drawdown since its inception was -0.37%, smaller than the maximum ERNA.L drawdown of -8.63%. Use the drawdown chart below to compare losses from any high point for CSH2.L and ERNA.L. For additional features, visit the drawdowns tool.
Volatility
CSH2.L vs. ERNA.L - Volatility Comparison
Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) has a higher volatility of 2.30% compared to iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.L) at 0.33%. This indicates that CSH2.L's price experiences larger fluctuations and is considered to be riskier than ERNA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.