CSH2.L vs. ERNS.L
Compare and contrast key facts about Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) and iShares £ Ultrashort Bond UCITS ETF (ERNS.L).
CSH2.L and ERNS.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. ERNS.L is a passively managed fund by iShares that tracks the performance of the Markit iBoxx GBP Liquid Investment Grade Ultrashort Index. It was launched on Nov 16, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CSH2.L or ERNS.L.
Key characteristics
| CSH2.L | ERNS.L | |
|---|---|---|
| YTD Return | 4.85% | 4.65% |
| 1Y Return | 5.54% | 5.61% |
| 3Y Return (Ann) | 3.71% | 3.64% |
| 5Y Return (Ann) | 2.32% | 2.38% |
| Sharpe Ratio | 6.05 | 8.06 |
| Sortino Ratio | 9.62 | 16.49 |
| Omega Ratio | 3.53 | 3.48 |
| Calmar Ratio | 19.11 | 46.97 |
| Martin Ratio | 129.11 | 220.07 |
| Ulcer Index | 0.04% | 0.02% |
| Daily Std Dev | 0.91% | 0.69% |
| Max Drawdown | -0.37% | -1.51% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between CSH2.L and ERNS.L is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CSH2.L vs. ERNS.L - Performance Comparison
The year-to-date returns for both stocks are quite close, with CSH2.L having a 4.85% return and ERNS.L slightly lower at 4.65%. 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. ERNS.L - Expense Ratio Comparison
CSH2.L has a 0.07% expense ratio, which is lower than ERNS.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. ERNS.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 £ Ultrashort Bond UCITS ETF (ERNS.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. ERNS.L - Dividend Comparison
CSH2.L has not paid dividends to shareholders, while ERNS.L's dividend yield for the trailing twelve months is around 5.25%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF | 5.25% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% | 0.55% | 0.06% |
Drawdowns
CSH2.L vs. ERNS.L - Drawdown Comparison
The maximum CSH2.L drawdown since its inception was -0.37%, smaller than the maximum ERNS.L drawdown of -1.51%. Use the drawdown chart below to compare losses from any high point for CSH2.L and ERNS.L. For additional features, visit the drawdowns tool.
Volatility
CSH2.L vs. ERNS.L - Volatility Comparison
Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) and iShares £ Ultrashort Bond UCITS ETF (ERNS.L) have volatilities of 2.47% and 2.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.