CSH2.L vs. IGLS.L
CSH2.L (Lyxor Smart Overnight Return UCITS ETF C-GBP) and IGLS.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)) are both exchange-traded funds - CSH2.L is a Money Market fund actively managed by Amundi, while IGLS.L is a European Government Bonds fund tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP. CSH2.L is actively managed, while IGLS.L is passively managed. Over the past 10 years, CSH2.L returned 2.07%/yr vs 0.88%/yr for IGLS.L. At a 0.06 correlation, their price movements are largely independent. Both charge a 0.07% expense ratio.
Performance
CSH2.L vs. IGLS.L - Performance Comparison
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Different Trading Currencies
CSH2.L is traded in GBp, while IGLS.L is traded in GBP. To make them comparable, the IGLS.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 1.71% return, which is significantly higher than IGLS.L's 0.18% return. Over the past 10 years, CSH2.L has outperformed IGLS.L with an annualized return of 2.07%, while IGLS.L has yielded a comparatively lower 0.88% 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%
IGLS.L
- 1D
- -0.13%
- 1M
- 0.35%
- YTD
- 0.18%
- 6M
- 0.64%
- 1Y
- 3.09%
- 3Y*
- 4.17%
- 5Y*
- 1.31%
- 10Y*
- 0.88%
CSH2.L vs. IGLS.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% |
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 0.18% | 5.26% | 2.65% | 4.19% | -4.45% | -1.68% | 1.49% | 1.05% | 0.13% | -0.38% |
Correlation
The correlation between CSH2.L and IGLS.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2015 | 0.06 |
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Return for Risk
CSH2.L vs. IGLS.L — Risk / Return Rank
CSH2.L
IGLS.L
CSH2.L vs. IGLS.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 iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.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 | IGLS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.49 | ||
| Sortino ratioReturn per unit of downside risk | +12.78 | ||
| Omega ratioGain probability vs. loss probability | 4.37 | 1.31 | +3.06 |
| Calmar ratioReturn relative to maximum drawdown | 27.61 | 1.58 | +26.03 |
| Martin ratioReturn relative to average drawdown | 158.77 | 5.42 | +153.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CSH2.L | IGLS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 8.04 | 1.55 | +6.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 6.48 | 0.49 | +5.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 4.68 | 0.40 | +4.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.61 | 0.68 | +3.93 |
Drawdowns
CSH2.L vs. IGLS.L - Drawdown Comparison
The maximum CSH2.L drawdown since its inception was -0.37%, smaller than the maximum IGLS.L drawdown of -9.54%. Use the drawdown chart below to compare losses from any high point for CSH2.L and IGLS.L.
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Drawdown Indicators
| CSH2.L | IGLS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.37% | -9.54% | +9.17% |
Max Drawdown (1Y)Largest decline over 1 year | -0.16% | -1.95% | +1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -0.29% | -1.95% | +1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -0.29% | -8.85% | +8.56% |
Max Drawdown (10Y)Largest decline over 10 years | -0.37% | -9.54% | +9.17% |
Current DrawdownCurrent decline from peak | 0.00% | -0.73% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -1.10% | +1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 0.57% | -0.54% |
Volatility
CSH2.L vs. IGLS.L - Volatility Comparison
The current volatility for Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) is 0.08%, while iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) has a volatility of 0.82%. This indicates that CSH2.L experiences smaller price fluctuations and is considered to be less risky than IGLS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSH2.L | IGLS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.08% | 0.82% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 0.25% | 1.75% | -1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.54% | 1.99% | -1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.56% | 2.67% | -2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.44% | 2.18% | -1.74% |
CSH2.L vs. IGLS.L - Expense Ratio Comparison
Both CSH2.L and IGLS.L have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CSH2.L vs. IGLS.L - Dividend Comparison
CSH2.L has not paid dividends to shareholders, while IGLS.L's dividend yield for the trailing twelve months is around 3.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 3.99% | 3.88% | 3.67% | 1.62% | 0.30% | 0.25% | 0.53% | 0.46% | 0.33% | 0.53% | 0.88% | 0.48% |
Frequently Asked Questions
CSH2.L and IGLS.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CSH2.L and IGLS.L have the same expense ratio: 0.07% per year.
CSH2.L is categorized as Money Market, while IGLS.L is European Government Bonds. They also come from different issuers: Amundi and iShares.
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