DBXD.DE vs. CSH.PA
DBXD.DE (Xtrackers DAX UCITS ETF 1C) and CSH.PA (Amundi EUR Overnight Return UCITS ETF Acc) are both exchange-traded funds - DBXD.DE is a Europe Equities fund tracking the DAX®, while CSH.PA is a Money Market fund tracking the Solactive Euro Overnight Return Index. Both are passively managed. Over the past 10 years, DBXD.DE returned 9.03%/yr vs 0.68%/yr for CSH.PA. At a correlation of -0.03, they often move in opposite directions. DBXD.DE charges 0.09%/yr vs 0.10%/yr for CSH.PA.
Performance
DBXD.DE vs. CSH.PA - Performance Comparison
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Returns By Period
In the year-to-date period, DBXD.DE achieves a 0.89% return, which is significantly lower than CSH.PA's 1.05% return. Over the past 10 years, DBXD.DE has outperformed CSH.PA with an annualized return of 9.03%, while CSH.PA has yielded a comparatively lower 0.68% annualized return.
DBXD.DE
- 1D
- -0.34%
- 1M
- -0.73%
- 6M
- -2.21%
- YTD
- 0.89%
- 1Y
- 1.76%
- 3Y*
- 14.95%
- 5Y*
- 9.27%
- 10Y*
- 9.03%
CSH.PA
- 1D
- 0.00%
- 1M
- 0.18%
- 6M
- 1.04%
- YTD
- 1.05%
- 1Y
- 1.99%
- 3Y*
- 2.92%
- 5Y*
- 1.94%
- 10Y*
- 0.68%
DBXD.DE vs. CSH.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBXD.DE Xtrackers DAX UCITS ETF 1C | 0.89% | 22.65% | 18.18% | 19.60% | -12.74% | 15.26% | 3.11% | 24.69% | -18.52% | 12.12% |
CSH.PA Amundi EUR Overnight Return UCITS ETF Acc | 1.05% | 2.25% | 3.69% | 3.22% | -0.11% | -0.70% | -0.69% | -0.61% | -0.55% | -0.45% |
Correlation
The correlation between DBXD.DE and CSH.PA 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 | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | -0.03 |
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Return for Risk
DBXD.DE vs. CSH.PA — Risk / Return Rank
DBXD.DE
CSH.PA
DBXD.DE vs. CSH.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers DAX UCITS ETF 1C (DBXD.DE) and Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA). 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.
| DBXD.DE | CSH.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.74 | ||
| Sortino ratioReturn per unit of downside risk | -4.15 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.86 | -0.83 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 5.77 | -5.66 |
| Martin ratioReturn relative to average drawdown | 0.36 | 34.47 | -34.11 |
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Drawdowns
DBXD.DE vs. CSH.PA - Drawdown Comparison
The maximum DBXD.DE drawdown since its inception was -54.83%, which is greater than CSH.PA's maximum drawdown of -5.07%. Use the drawdown chart below to compare losses from any high point for DBXD.DE and CSH.PA.
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Drawdown Indicators
| DBXD.DE | CSH.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.83% | -5.07% | -49.76% |
Max Drawdown (1Y)Largest decline over 1 year | -12.32% | -0.35% | -11.97% |
Max Drawdown (3Y)Largest decline over 3 years | -15.92% | -0.35% | -15.57% |
Max Drawdown (5Y)Largest decline over 5 years | -26.70% | -0.75% | -25.95% |
Max Drawdown (10Y)Largest decline over 10 years | -38.83% | -3.57% | -35.26% |
Current DrawdownCurrent decline from peak | -3.84% | -0.32% | -3.52% |
Average DrawdownAverage peak-to-trough decline | -11.27% | -1.51% | -9.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 0.06% | +3.89% |
Volatility
DBXD.DE vs. CSH.PA - Volatility Comparison
Xtrackers DAX UCITS ETF 1C (DBXD.DE) has a higher volatility of 4.65% compared to Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) at 0.53%. This indicates that DBXD.DE's price experiences larger fluctuations and is considered to be riskier than CSH.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBXD.DE | CSH.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 0.53% | +4.12% |
Volatility (6M)Calculated over the trailing 6-month period | 13.55% | 0.65% | +12.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.28% | 0.71% | +15.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.19% | 0.42% | +16.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 0.32% | +17.77% |
DBXD.DE vs. CSH.PA - Expense Ratio Comparison
DBXD.DE has a 0.09% expense ratio, which is lower than CSH.PA's 0.10% 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
DBXD.DE vs. CSH.PA - Dividend Comparison
Neither DBXD.DE nor CSH.PA has paid dividends to shareholders.
Frequently Asked Questions
DBXD.DE and CSH.PA 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.
On fees, DBXD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXD.DE is cheaper with a 0.09% expense ratio, compared with 0.10% for CSH.PA.
DBXD.DE is categorized as Europe Equities, while CSH.PA is Money Market. DBXD.DE tracks DAX®, while CSH.PA tracks Solactive Euro Overnight Return Index. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.09% for DBXD.DE and 0.10% for CSH.PA.
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