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

CSH2.L vs. MWRD.L

Last updated Jun 4, 2026

CSH2.L (Lyxor Smart Overnight Return UCITS ETF C-GBP) and MWRD.L (Amundi Index MSCI World) are both exchange-traded funds - CSH2.L is a Money Market fund actively managed by Amundi, while MWRD.L is a Global Equities fund tracking the MSCI ACWI NR USD. CSH2.L is actively managed, while MWRD.L is passively managed. At a correlation of -0.05, they often move in opposite directions. CSH2.L charges 0.07%/yr vs 0.08%/yr for MWRD.L.

Performance

CSH2.L vs. MWRD.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 Amundi Index MSCI World (MWRD.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

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%

MWRD.L

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSH2.L vs. MWRD.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%0.23%
MWRD.L
Amundi Index MSCI World		0.00%0.00%-1.27%17.50%-9.18%24.39%11.85%23.29%-4.10%6.52%

Correlation

The correlation between CSH2.L and MWRD.L is -0.05, 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 (3Y)
Calculated over the trailing 3-year period

-0.03

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

-0.05

Correlation (All Time)
Calculated using the full available price history since Jun 30, 2017

-0.05

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

Sectors
CSH2.L
MWRD.L

Technology

35.9%
24.7%

Communication Services

13.9%
7.5%

Consumer Cyclical

13.9%
10.5%

Healthcare

11.3%
12.4%

Financial Services

10.4%
14.7%

Industrials

6.3%
10.6%

Consumer Defensive

4.9%
6.7%

Energy

1.4%
4.4%

Utilities

1.1%
2.4%

Basic Materials

1.0%
3.8%

Real Estate

0.0%
2.4%

Technology

CSH2.L
35.9%
MWRD.L
24.7%

Communication Services

CSH2.L
13.9%
MWRD.L
7.5%

Consumer Cyclical

CSH2.L
13.9%
MWRD.L
10.5%

Healthcare

CSH2.L
11.3%
MWRD.L
12.4%

Financial Services

CSH2.L
10.4%
MWRD.L
14.7%

Industrials

CSH2.L
6.3%
MWRD.L
10.6%

Consumer Defensive

CSH2.L
4.9%
MWRD.L
6.7%

Energy

CSH2.L
1.4%
MWRD.L
4.4%

Utilities

CSH2.L
1.1%
MWRD.L
2.4%

Basic Materials

CSH2.L
1.0%
MWRD.L
3.8%

Real Estate

CSH2.L
0.0%
MWRD.L
2.4%

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Lyxor Smart Overnight Return UCITS ETF C-GBP

Amundi Index MSCI World

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 MWRD.L:
MWRD.L vs. BRK-BMWRD.L vs. IWDA.ASMWRD.L vs. URTHMWRD.L vs. SWDA.LMWRD.L vs. JEPIMWRD.L vs. ACWIMWRD.L vs. 36BZ.DE

Return for Risk

CSH2.L vs. MWRD.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
MWRD.L
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. MWRD.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 Amundi Index MSCI World (MWRD.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.LMWRD.LDifference
Sharpe ratioReturn per unit of total volatility
8.04

—

—

Sortino ratioReturn per unit of downside risk
15.04

—

—

Omega ratioGain probability vs. loss probability

4.37

—

—

Calmar ratioReturn relative to maximum drawdown

27.61

—

—

Martin ratioReturn relative to average drawdown

158.77

—

—

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. MWRD.L - Sharpe Ratio Comparison

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Sharpe Ratios by Period

CSH2.LMWRD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

8.04

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

6.48

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

4.68

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

4.61

—

—

Drawdowns

CSH2.L vs. MWRD.L - Drawdown Comparison

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Drawdown Indicators

CSH2.LMWRD.LDifference

Max Drawdown

Largest peak-to-trough decline

-0.37%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-0.16%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-0.29%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-0.29%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-0.37%

—

—

Current Drawdown

Current decline from peak

0.00%

—

—

Average Drawdown

Average peak-to-trough decline

-0.00%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.03%

—

—

Volatility

CSH2.L vs. MWRD.L - Volatility Comparison

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Volatility by Period

CSH2.LMWRD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.08%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

0.25%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

0.54%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.56%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.44%

—

—

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

CSH2.L has a 0.07% expense ratio, which is lower than MWRD.L's 0.08% 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. MWRD.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

CSH2.L and MWRD.L have a correlation of -0.05, 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 0.08% for MWRD.L.

CSH2.L is categorized as Money Market, while MWRD.L is Global Equities. Their fees differ too: 0.07% for CSH2.L and 0.08% for MWRD.L.

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