CSH2.L vs. OWL
CSH2.L (Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc) is Money Market fund tracking the SONIA Compounded (GBP Hedged), while OWL (Blue Owl Capital Inc.) is a stock. Over the past 5 years, CSH2.L returned 3.71%/yr vs -3.04%/yr for OWL. At a correlation of -0.02, they often move in opposite directions.
Performance
CSH2.L vs. OWL - Performance Comparison
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Different Trading Currencies
CSH2.L is traded in GBp, while OWL is traded in USD. To make them comparable, the OWL 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 2.01% return, which is significantly higher than OWL's -39.42% return.
CSH2.L
- 1D
- 0.01%
- 1M
- 0.32%
- YTD
- 2.01%
- 6M
- 2.08%
- 1Y
- 4.39%
- 3Y*
- 4.97%
- 5Y*
- 3.71%
- 10Y*
- 2.10%
OWL
- 1D
- -0.90%
- 1M
- -15.77%
- YTD
- -39.42%
- 6M
- -40.48%
- 1Y
- -51.39%
- 3Y*
- -6.70%
- 5Y*
- -3.04%
- 10Y*
- —
CSH2.L vs. OWL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CSH2.L Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc | 2.01% | 4.67% | 5.61% | 4.72% | 1.54% | 0.13% | 0.01% |
OWL Blue Owl Capital Inc. | -39.42% | -37.61% | 64.59% | 40.03% | -17.53% | 33.43% | 3.29% |
Correlation
The correlation between CSH2.L and OWL is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2020 | -0.02 |
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Return for Risk
CSH2.L vs. OWL — Risk / Return Rank
CSH2.L
OWL
CSH2.L vs. OWL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc (CSH2.L) and Blue Owl Capital Inc. (OWL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CSH2.L | OWL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +9.50 | ||
| Sortino ratioReturn per unit of downside risk | +17.50 | ||
| Omega ratioGain probability vs. loss probability | 4.73 | 0.79 | +3.94 |
| Calmar ratioReturn relative to maximum drawdown | 27.75 | -0.88 | +28.63 |
| Martin ratioReturn relative to average drawdown | 163.55 | -1.47 | +165.02 |
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Drawdowns
CSH2.L vs. OWL - Drawdown Comparison
The maximum CSH2.L drawdown since its inception was -0.37%, smaller than the maximum OWL drawdown of -69.49%. Use the drawdown chart below to compare losses from any high point for CSH2.L and OWL.
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Drawdown Indicators
| CSH2.L | OWL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.37% | -69.49% | +69.12% |
Max Drawdown (1Y)Largest decline over 1 year | -0.16% | -58.72% | +58.56% |
Max Drawdown (3Y)Largest decline over 3 years | -0.29% | -69.49% | +69.20% |
Max Drawdown (5Y)Largest decline over 5 years | -0.29% | -69.49% | +69.20% |
Max Drawdown (10Y)Largest decline over 10 years | -0.37% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -67.14% | +67.14% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -22.84% | +22.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 35.02% | -34.99% |
Volatility
CSH2.L vs. OWL - Volatility Comparison
The current volatility for Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc (CSH2.L) is 0.06%, while Blue Owl Capital Inc. (OWL) has a volatility of 12.76%. This indicates that CSH2.L experiences smaller price fluctuations and is considered to be less risky than OWL 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 | OWL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 12.76% | -12.70% |
Volatility (6M)Calculated over the trailing 6-month period | 0.20% | 34.34% | -34.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.53% | 43.70% | -43.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.56% | 40.69% | -40.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.44% | 41.52% | -41.08% |
Dividends
CSH2.L vs. OWL - Dividend Comparison
CSH2.L has not paid dividends to shareholders, while OWL's dividend yield for the trailing twelve months is around 10.62%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CSH2.L Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OWL Blue Owl Capital Inc. | 10.62% | 5.72% | 2.92% | 3.69% | 4.06% | 0.87% |
Frequently Asked Questions
CSH2.L and OWL have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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