CSH2.L vs. ETH-USD

Last updated Jun 9, 2026

CSH2.L (Lyxor Smart Overnight Return UCITS ETF C-GBP) is Money Market fund actively managed by Amundi, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 10 years, CSH2.L returned 2.08%/yr vs 62.41%/yr for ETH-USD. At a correlation of -0.04, they often move in opposite directions.

Performance

CSH2.L vs. ETH-USD - 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 Ethereum (ETH-USD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CSH2.L is traded in GBp, while ETH-USD is traded in USD. To make them comparable, the ETH-USD 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 1.77% return, which is significantly higher than ETH-USD's -43.44% return. Over the past 10 years, CSH2.L has underperformed ETH-USD with an annualized return of 2.08%, while ETH-USD has yielded a comparatively higher 62.41% annualized return.

CSH2.L

• 1D: 0.02%
• 1M: 0.32%
• YTD: 1.77%
• 6M: 2.12%
• 1Y: 4.31%
• 3Y*: 4.99%
• 5Y*: 3.66%
• 10Y*: 2.08%

ETH-USD

• 1D: -1.66%
• 1M: -26.41%
• YTD: -43.44%
• 6M: -46.90%
• 1Y: -32.84%
• 3Y*: -5.24%
• 5Y*: -7.61%
• 10Y*: 62.41%

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

CSH2.L vs. ETH-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSH2.L Lyxor Smart Overnight Return UCITS ETF C-GBP	1.77%	4.67%	5.61%	4.72%	1.54%	0.13%	0.30%	0.82%	0.70%	0.42%
ETH-USD Ethereum	-43.44%	-17.26%	47.37%	82.17%	-63.50%	403.02%	457.03%	-5.27%	-81.54%	8,232.87%

Correlation

The correlation between CSH2.L and ETH-USD is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	-0.08
Correlation (5Y) Calculated over the trailing 5-year period	-0.06
Correlation (10Y) Calculated over the trailing 10-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015	-0.04

Return for Risk

CSH2.L vs. ETH-USD — 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

ETH-USD

ETH-USD Risk / Return Rank: 68
ETH-USD Sharpe Ratio Rank: 66
ETH-USD Sortino Ratio Rank: 65
ETH-USD Omega Ratio Rank: 65
ETH-USD Calmar Ratio Rank: 74
ETH-USD Martin Ratio Rank: 73

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. ETH-USD - 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 Ethereum (ETH-USD). 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	ETH-USD	Difference
Sharpe ratio: Return per unit of total volatility	7.99	-0.49	+8.48
Sortino ratio: Return per unit of downside risk	14.85	-0.36	+15.21
Omega ratio: Gain probability vs. loss probability	4.32	0.96	+3.36
Calmar ratio: Return relative to maximum drawdown	27.26	-0.49	+27.76
Martin ratio: Return relative to average drawdown	159.68	-0.86	+160.54
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. ETH-USD - Sharpe Ratio Comparison

The current CSH2.L Sharpe Ratio is 7.99, which is higher than the ETH-USD Sharpe Ratio of -0.49. The chart below compares the historical Sharpe Ratios of CSH2.L and ETH-USD, 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	ETH-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.99	-0.49	+8.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	6.51	-0.11	+6.62
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	4.69	0.66	+4.03
Sharpe Ratio (All Time) Calculated using the full available price history	4.62	0.76	+3.86

Drawdowns

CSH2.L vs. ETH-USD - Drawdown Comparison

The maximum CSH2.L drawdown since its inception was -0.37%, smaller than the maximum ETH-USD drawdown of -93.08%. Use the drawdown chart below to compare losses from any high point for CSH2.L and ETH-USD.

Drawdown Indicators

	CSH2.L	ETH-USD	Difference
Max Drawdown Largest peak-to-trough decline	-0.37%	-93.08%	+92.71%
Max Drawdown (1Y) Largest decline over 1 year	-0.16%	-66.80%	+66.64%
Max Drawdown (3Y) Largest decline over 3 years	-0.29%	-66.80%	+66.51%
Max Drawdown (5Y) Largest decline over 5 years	-0.29%	-75.89%	+75.60%
Max Drawdown (10Y) Largest decline over 10 years	-0.37%	-93.08%	+92.71%
Current Drawdown Current decline from peak	0.00%	-65.15%	+65.15%
Average Drawdown Average peak-to-trough decline	-0.00%	-48.54%	+48.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	44.32%	-44.29%

Volatility

CSH2.L vs. ETH-USD - Volatility Comparison

The current volatility for Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) is 0.08%, while Ethereum (ETH-USD) has a volatility of 16.35%. This indicates that CSH2.L experiences smaller price fluctuations and is considered to be less risky than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSH2.L	ETH-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.08%	16.35%	-16.27%
Volatility (6M) Calculated over the trailing 6-month period	0.25%	46.86%	-46.61%
Volatility (1Y) Calculated over the trailing 1-year period	0.54%	55.63%	-55.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.56%	58.85%	-58.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.44%	78.69%	-78.25%

Frequently Asked Questions

Can I hold both CSH2.L and ETH-USD in my portfolio?

CSH2.L and ETH-USD have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.