CSH2.L vs. TSLI.L
CSH2.L (Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc) and TSLI.L (IncomeShares Tesla TSLA Options ETP) are both exchange-traded funds - CSH2.L is a Money Market fund tracking the SONIA Compounded (GBP Hedged), while TSLI.L is a Derivative Income fund actively managed by Leverage Shares. CSH2.L is passively managed, while TSLI.L is actively managed. Over the past year, CSH2.L returned 4.39% vs 7.35% for TSLI.L. At a correlation of -0.01, they often move in opposite directions. CSH2.L charges 0.10%/yr vs 0.55%/yr for TSLI.L.
Performance
CSH2.L vs. TSLI.L - Performance Comparison
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Different Trading Currencies
CSH2.L is traded in GBp, while TSLI.L is traded in USD. To make them comparable, the TSLI.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 2.01% return, which is significantly higher than TSLI.L's -22.56% 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%
TSLI.L
- 1D
- 0.00%
- 1M
- -7.89%
- YTD
- -22.56%
- 6M
- -24.51%
- 1Y
- 7.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSH2.L vs. TSLI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CSH2.L Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc | 2.01% | 4.67% | 2.04% |
TSLI.L IncomeShares Tesla TSLA Options ETP | -22.56% | 7.38% | 27.91% |
Correlation
The correlation between CSH2.L and TSLI.L is -0.14, 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 | -0.14 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2024 | -0.01 |
The correlation between CSH2.L and TSLI.L shifts across timeframes, from -0.14 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CSH2.L vs. TSLI.L — Risk / Return Rank
CSH2.L
TSLI.L
CSH2.L vs. TSLI.L - 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 IncomeShares Tesla TSLA Options ETP (TSLI.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.
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 | TSLI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.13 | ||
| Sortino ratioReturn per unit of downside risk | +15.06 | ||
| Omega ratioGain probability vs. loss probability | 4.73 | 1.06 | +3.66 |
| Calmar ratioReturn relative to maximum drawdown | 27.75 | 0.22 | +27.53 |
| Martin ratioReturn relative to average drawdown | 163.55 | 0.46 | +163.09 |
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Drawdowns
CSH2.L vs. TSLI.L - Drawdown Comparison
The maximum CSH2.L drawdown since its inception was -0.37%, smaller than the maximum TSLI.L drawdown of -43.88%. Use the drawdown chart below to compare losses from any high point for CSH2.L and TSLI.L.
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Drawdown Indicators
| CSH2.L | TSLI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.37% | -43.88% | +43.51% |
Max Drawdown (1Y)Largest decline over 1 year | -0.16% | -33.40% | +33.24% |
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 DrawdownCurrent decline from peak | 0.00% | -27.46% | +27.46% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -16.46% | +16.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 15.91% | -15.88% |
Volatility
CSH2.L vs. TSLI.L - Volatility Comparison
The current volatility for Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc (CSH2.L) is 0.06%, while IncomeShares Tesla TSLA Options ETP (TSLI.L) has a volatility of 10.49%. This indicates that CSH2.L experiences smaller price fluctuations and is considered to be less risky than TSLI.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 | TSLI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 10.49% | -10.43% |
Volatility (6M)Calculated over the trailing 6-month period | 0.20% | 26.77% | -26.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.53% | 37.91% | -37.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.56% | 43.68% | -43.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.44% | 43.68% | -43.24% |
CSH2.L vs. TSLI.L - Expense Ratio Comparison
CSH2.L has a 0.10% expense ratio, which is lower than TSLI.L's 0.55% expense ratio.
Dividends
CSH2.L vs. TSLI.L - Dividend Comparison
CSH2.L has not paid dividends to shareholders, while TSLI.L's dividend yield for the trailing twelve months is around 35.17%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CSH2.L Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc | 0.00% | 0.00% | 0.00% |
TSLI.L IncomeShares Tesla TSLA Options ETP | 35.17% | 55.94% | 5.04% |
Frequently Asked Questions
CSH2.L and TSLI.L have a correlation of -0.14, 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 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSH2.L is cheaper with a 0.10% expense ratio, compared with 0.55% for TSLI.L.
CSH2.L is categorized as Money Market, while TSLI.L is Derivative Income. They also come from different issuers: Amundi and Leverage Shares. Their fees differ too: 0.10% for CSH2.L and 0.55% for TSLI.L.
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