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CSH2.L vs. MEUD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CSH2.L vs. MEUD.L

Last updated Jun 4, 2026

CSH2.L (Lyxor Smart Overnight Return UCITS ETF C-GBP) and MEUD.L (Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc) are both exchange-traded funds - CSH2.L is a Money Market fund actively managed by Amundi, while MEUD.L is a Europe Equities fund tracking the MSCI Europe NR EUR. CSH2.L is actively managed, while MEUD.L is passively managed. Over the past 10 years, CSH2.L returned 2.07%/yr vs 10.34%/yr for MEUD.L. At a correlation of -0.02, they often move in opposite directions. CSH2.L charges 0.07%/yr vs 0.15%/yr for MEUD.L.

Performance

CSH2.L vs. MEUD.L - 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 Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CSH2.L achieves a 1.71% return, which is significantly lower than MEUD.L's 5.97% return. Over the past 10 years, CSH2.L has underperformed MEUD.L with an annualized return of 2.07%, while MEUD.L has yielded a comparatively higher 10.34% 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%

MEUD.L

1D
-0.68%
1M
1.97%
YTD
5.97%
6M
8.66%
1Y
19.47%
3Y*
13.74%
5Y*
9.76%
10Y*
10.34%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSH2.L vs. MEUD.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
MEUD.L
Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc		5.97%26.51%3.65%13.48%-5.04%17.06%3.85%20.40%-9.59%15.43%

Correlation

The correlation between CSH2.L and MEUD.L is -0.03, 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

-0.03

Correlation (3Y)
Calculated over the trailing 3-year period

-0.03

Correlation (5Y)
Calculated over the trailing 5-year period

-0.02

Correlation (10Y)
Calculated over the trailing 10-year period

-0.02

Correlation (All Time)
Calculated using the full available price history since Jun 11, 2015

-0.02

CSH2.L vs. MEUD.L - Sectors Allocation Comparison

Sectors
CSH2.L
MEUD.L

Technology

35.9%
9.4%

Communication Services

13.9%
3.1%

Consumer Cyclical

13.9%
6.9%

Healthcare

11.3%
12.7%

Financial Services

10.4%
24.0%

Industrials

6.3%
20.1%

Consumer Defensive

4.9%
7.7%

Energy

1.4%
5.5%

Utilities

1.1%
4.5%

Basic Materials

1.0%
5.0%

Real Estate

0.0%
1.2%

Technology

CSH2.L
35.9%
MEUD.L
9.4%

Communication Services

CSH2.L
13.9%
MEUD.L
3.1%

Consumer Cyclical

CSH2.L
13.9%
MEUD.L
6.9%

Healthcare

CSH2.L
11.3%
MEUD.L
12.7%

Financial Services

CSH2.L
10.4%
MEUD.L
24.0%

Industrials

CSH2.L
6.3%
MEUD.L
20.1%

Consumer Defensive

CSH2.L
4.9%
MEUD.L
7.7%

Energy

CSH2.L
1.4%
MEUD.L
5.5%

Utilities

CSH2.L
1.1%
MEUD.L
4.5%

Basic Materials

CSH2.L
1.0%
MEUD.L
5.0%

Real Estate

CSH2.L
0.0%
MEUD.L
1.2%

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Lyxor Smart Overnight Return UCITS ETF C-GBP

Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc

Often compared with CSH2.L:
CSH2.L vs. ERNS.LCSH2.L vs. MINV.LCSH2.L vs. BILSCSH2.L vs. ERNA.LCSH2.L vs. TI5G.LCSH2.L vs. LCSIXCSH2.L vs. AAPL
Often compared with MEUD.L:
MEUD.L vs. SMEA.LMEUD.L vs. XSX6.LMEUD.L vs. VEUA.LMEUD.L vs. HMEU.LMEUD.L vs. SPYMEUD.L vs. VUAA.LMEUD.L vs. CS51.L

Return for Risk

CSH2.L vs. MEUD.L — 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: 9999
Overall Rank
CSH2.L Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
CSH2.L Sortino Ratio Rank: 9999
Sortino Ratio Rank
CSH2.L Omega Ratio Rank: 9999
Omega Ratio Rank
CSH2.L Calmar Ratio Rank: 9999
Calmar Ratio Rank
CSH2.L Martin Ratio Rank: 9999
Martin Ratio Rank
MEUD.L
MEUD.L Risk / Return Rank: 4343
Overall Rank
MEUD.L Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
MEUD.L Sortino Ratio Rank: 4444
Sortino Ratio Rank
MEUD.L Omega Ratio Rank: 4747
Omega Ratio Rank
MEUD.L Calmar Ratio Rank: 3737
Calmar Ratio Rank
MEUD.L Martin Ratio Rank: 4141
Martin Ratio Rank
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. MEUD.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 Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.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.LMEUD.LDifference
Sharpe ratioReturn per unit of total volatility
8.04
1.60

+6.44

Sortino ratioReturn per unit of downside risk
15.04
2.25

+12.79

Omega ratioGain probability vs. loss probability

4.37

1.30

+3.06

Calmar ratioReturn relative to maximum drawdown

27.61

1.84

+25.77

Martin ratioReturn relative to average drawdown

158.77

6.68

+152.09

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. MEUD.L - Sharpe Ratio Comparison

The current CSH2.L Sharpe Ratio is 8.04, which is higher than the MEUD.L Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of CSH2.L and MEUD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CSH2.LMEUD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

8.04

1.60

+6.44

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

6.48

0.70

+5.78

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

4.68

0.69

+3.98

Sharpe Ratio (All Time)

Calculated using the full available price history

4.61

0.59

+4.02

Drawdowns

CSH2.L vs. MEUD.L - Drawdown Comparison

The maximum CSH2.L drawdown since its inception was -0.37%, smaller than the maximum MEUD.L drawdown of -28.57%. Use the drawdown chart below to compare losses from any high point for CSH2.L and MEUD.L.

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Drawdown Indicators

CSH2.LMEUD.LDifference

Max Drawdown

Largest peak-to-trough decline

-0.37%

-28.57%

+28.20%

Max Drawdown (1Y)

Largest decline over 1 year

-0.16%

-10.53%

+10.37%

Max Drawdown (3Y)

Largest decline over 3 years

-0.29%

-12.61%

+12.32%

Max Drawdown (5Y)

Largest decline over 5 years

-0.29%

-17.09%

+16.80%

Max Drawdown (10Y)

Largest decline over 10 years

-0.37%

-28.57%

+28.20%

Current Drawdown

Current decline from peak

0.00%

-1.90%

+1.90%

Average Drawdown

Average peak-to-trough decline

-0.00%

-4.17%

+4.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.03%

2.91%

-2.88%

Volatility

CSH2.L vs. MEUD.L - Volatility Comparison

The current volatility for Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) is 0.08%, while Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L) has a volatility of 4.20%. This indicates that CSH2.L experiences smaller price fluctuations and is considered to be less risky than MEUD.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.LMEUD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.08%

4.20%

-4.12%

Volatility (6M)

Calculated over the trailing 6-month period

0.25%

10.19%

-9.94%

Volatility (1Y)

Calculated over the trailing 1-year period

0.54%

12.13%

-11.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.56%

13.94%

-13.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.44%

14.92%

-14.48%

CSH2.L vs. MEUD.L - Expense Ratio Comparison

CSH2.L has a 0.07% expense ratio, which is lower than MEUD.L's 0.15% 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. MEUD.L - Dividend Comparison

Neither CSH2.L nor MEUD.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

CSH2.L and MEUD.L have a correlation of -0.03, 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 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CSH2.L is cheaper with a 0.07% expense ratio, compared with 0.15% for MEUD.L.

CSH2.L is categorized as Money Market, while MEUD.L is Europe Equities. Their fees differ too: 0.07% for CSH2.L and 0.15% for MEUD.L.

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