CSH2.L vs. WMVG.L

Last updated Jun 9, 2026

CSH2.L (Lyxor Smart Overnight Return UCITS ETF C-GBP) and WMVG.L (iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc)) are both exchange-traded funds - CSH2.L is a Money Market fund actively managed by Amundi, while WMVG.L is a Global Equities fund tracking the MSCI World Minimum Volatility. CSH2.L is actively managed, while WMVG.L is passively managed. Over the past 5 years, CSH2.L returned 3.66%/yr vs 6.05%/yr for WMVG.L. At a correlation of -0.02, they often move in opposite directions. CSH2.L charges 0.07%/yr vs 0.35%/yr for WMVG.L.

Performance

CSH2.L vs. WMVG.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 iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CSH2.L is traded in GBp, while WMVG.L is traded in GBP. To make them comparable, the WMVG.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 1.77% return, which is significantly higher than WMVG.L's 1.26% return.

CSH2.L

• 1D: 0.02%
• 1M: 0.32%
• YTD: 1.77%
• 6M: 2.12%
• 1Y: 4.31%
• 3Y*: 4.99%
• 5Y*: 3.66%
• 10Y*: 2.08%

WMVG.L

• 1D: -0.37%
• 1M: 1.52%
• YTD: 1.26%
• 6M: 2.42%
• 1Y: 2.81%
• 3Y*: 9.88%
• 5Y*: 6.05%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CSH2.L Lyxor Smart Overnight Return UCITS ETF C-GBP	1.77%	4.67%	5.61%	4.72%	1.54%	0.13%	0.30%	0.69%
WMVG.L iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc)	1.26%	9.07%	14.47%	7.36%	-8.31%	16.96%	-1.30%	11.93%

Correlation

The correlation between CSH2.L and WMVG.L is -0.00, 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	-0.00
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (5Y) Calculated over the trailing 5-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Feb 28, 2019	-0.02

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

Sectors	CSH2.L	WMVG.L
Technology	35.9%	20.1%
Communication Services	13.9%	12.1%
Consumer Cyclical	13.9%	5.6%
Healthcare	11.3%	13.8%
Financial Services	10.4%	14.0%
Industrials	6.3%	9.2%
Consumer Defensive	4.9%	10.9%
Energy	1.4%	4.5%
Utilities	1.1%	8.0%
Basic Materials	1.0%	1.1%
Real Estate	0.0%	0.7%

Return for Risk

CSH2.L vs. WMVG.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: 99
CSH2.L Sharpe Ratio Rank: 99
CSH2.L Sortino Ratio Rank: 99
CSH2.L Omega Ratio Rank: 99
CSH2.L Calmar Ratio Rank: 99
CSH2.L Martin Ratio Rank: 99

WMVG.L

WMVG.L Risk / Return Rank: 16
WMVG.L Sharpe Ratio Rank: 16
WMVG.L Sortino Ratio Rank: 15
WMVG.L Omega Ratio Rank: 14
WMVG.L Calmar Ratio Rank: 17
WMVG.L Martin Ratio Rank: 16

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. WMVG.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 Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.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	WMVG.L	Difference
Sharpe ratio: Return per unit of total volatility	7.99	0.38	+7.61
Sortino ratio: Return per unit of downside risk	14.85	0.58	+14.27
Omega ratio: Gain probability vs. loss probability	4.32	1.07	+3.25
Calmar ratio: Return relative to maximum drawdown	27.26	0.57	+26.70
Martin ratio: Return relative to average drawdown	159.68	1.39	+158.29
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. WMVG.L - Sharpe Ratio Comparison

The current CSH2.L Sharpe Ratio is 7.99, which is higher than the WMVG.L Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of CSH2.L and WMVG.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.

Sharpe Ratios by Period

	CSH2.L	WMVG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.99	0.38	+7.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	6.51	0.61	+5.91
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	4.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.62	0.56	+4.06

Drawdowns

CSH2.L vs. WMVG.L - Drawdown Comparison

The maximum CSH2.L drawdown since its inception was -0.37%, smaller than the maximum WMVG.L drawdown of -28.25%. Use the drawdown chart below to compare losses from any high point for CSH2.L and WMVG.L.

Drawdown Indicators

	CSH2.L	WMVG.L	Difference
Max Drawdown Largest peak-to-trough decline	-0.37%	-28.25%	+27.88%
Max Drawdown (1Y) Largest decline over 1 year	-0.16%	-4.93%	+4.77%
Max Drawdown (3Y) Largest decline over 3 years	-0.29%	-9.07%	+8.78%
Max Drawdown (5Y) Largest decline over 5 years	-0.29%	-15.18%	+14.89%
Max Drawdown (10Y) Largest decline over 10 years	-0.37%	—	—
Current Drawdown Current decline from peak	0.00%	-3.25%	+3.25%
Average Drawdown Average peak-to-trough decline	-0.00%	-4.11%	+4.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	2.02%	-1.99%

Volatility

CSH2.L vs. WMVG.L - Volatility Comparison

The current volatility for Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) is 0.08%, while iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.L) has a volatility of 2.22%. This indicates that CSH2.L experiences smaller price fluctuations and is considered to be less risky than WMVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSH2.L	WMVG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.08%	2.22%	-2.14%
Volatility (6M) Calculated over the trailing 6-month period	0.25%	5.01%	-4.76%
Volatility (1Y) Calculated over the trailing 1-year period	0.54%	7.31%	-6.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.56%	9.99%	-9.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.44%	12.15%	-11.71%

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

CSH2.L has a 0.07% expense ratio, which is lower than WMVG.L's 0.35% expense ratio.

Dividends

CSH2.L vs. WMVG.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CSH2.L and WMVG.L in my portfolio?

CSH2.L and WMVG.L have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CSH2.L or WMVG.L?

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.

Which ETF is cheaper, CSH2.L or WMVG.L?

CSH2.L is cheaper with a 0.07% expense ratio, compared with 0.35% for WMVG.L.

What is the main difference between CSH2.L and WMVG.L?

CSH2.L is categorized as Money Market, while WMVG.L is Global Equities. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.07% for CSH2.L and 0.35% for WMVG.L.