EGV2.DE vs. L8I3.DE
EGV2.DE (Amundi Smart Overnight Return UCITS ETF (Dist)) and L8I3.DE (Amundi EUR Overnight Return UCITS ETF (Acc)) are both Money Market funds from Amundi - EGV2.DE tracks the ESTR Compounded Index while L8I3.DE tracks the Solactive EUR Overnight Return Index. Both are passively managed. Over the past 5 years, EGV2.DE returned 2.20%/yr vs 1.92%/yr for L8I3.DE. At a 0.22 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
EGV2.DE vs. L8I3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EGV2.DE achieves a 1.27% return, which is significantly higher than L8I3.DE's 1.03% return.
EGV2.DE
- 1D
- 0.04%
- 1M
- 0.02%
- 6M
- 1.23%
- YTD
- 1.27%
- 1Y
- 2.41%
- 3Y*
- 3.26%
- 5Y*
- 2.20%
- 10Y*
- —
L8I3.DE
- 1D
- -0.01%
- 1M
- 0.20%
- 6M
- 0.97%
- YTD
- 1.03%
- 1Y
- 2.00%
- 3Y*
- 2.93%
- 5Y*
- 1.92%
- 10Y*
- 0.67%
EGV2.DE vs. L8I3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EGV2.DE Amundi Smart Overnight Return UCITS ETF (Dist) | 1.27% | 2.48% | 4.10% | 3.25% | 0.17% | -0.47% | -0.13% |
L8I3.DE Amundi EUR Overnight Return UCITS ETF (Acc) | 1.03% | 2.21% | 3.69% | 3.17% | -0.11% | -0.69% | -0.20% |
Correlation
The correlation between EGV2.DE and L8I3.DE is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.22 |
The correlation between EGV2.DE and L8I3.DE shifts across timeframes, from -0.10 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EGV2.DE vs. L8I3.DE — Risk / Return Rank
EGV2.DE
L8I3.DE
EGV2.DE vs. L8I3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Smart Overnight Return UCITS ETF (Dist) (EGV2.DE) and Amundi EUR Overnight Return UCITS ETF (Acc) (L8I3.DE). 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.
| EGV2.DE | L8I3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.94 | ||
| Sortino ratioReturn per unit of downside risk | -9.71 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 2.77 | -1.28 |
| Calmar ratioReturn relative to maximum drawdown | 7.81 | 45.01 | -37.20 |
| Martin ratioReturn relative to average drawdown | 33.51 | 172.38 | -138.87 |
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Drawdowns
EGV2.DE vs. L8I3.DE - Drawdown Comparison
The maximum EGV2.DE drawdown since its inception was -0.86%, smaller than the maximum L8I3.DE drawdown of -3.92%. Use the drawdown chart below to compare losses from any high point for EGV2.DE and L8I3.DE.
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Drawdown Indicators
| EGV2.DE | L8I3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.86% | -3.92% | +3.06% |
Max Drawdown (1Y)Largest decline over 1 year | -0.31% | -0.04% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -0.31% | -0.07% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -0.48% | -0.78% | +0.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.59% | — |
Current DrawdownCurrent decline from peak | -0.01% | -0.01% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -0.89% | +0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 0.01% | +0.06% |
Volatility
EGV2.DE vs. L8I3.DE - Volatility Comparison
Amundi Smart Overnight Return UCITS ETF (Dist) (EGV2.DE) has a higher volatility of 0.32% compared to Amundi EUR Overnight Return UCITS ETF (Acc) (L8I3.DE) at 0.07%. This indicates that EGV2.DE's price experiences larger fluctuations and is considered to be riskier than L8I3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EGV2.DE | L8I3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.32% | 0.07% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 0.88% | 0.21% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.08% | 0.32% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.72% | 0.26% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.68% | 0.21% | +0.47% |
EGV2.DE vs. L8I3.DE - Expense Ratio Comparison
Both EGV2.DE and L8I3.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EGV2.DE vs. L8I3.DE - Dividend Comparison
EGV2.DE's dividend yield for the trailing twelve months is around 2.93%, while L8I3.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EGV2.DE Amundi Smart Overnight Return UCITS ETF (Dist) | 2.93% | 2.97% | 3.91% | 2.50% |
L8I3.DE Amundi EUR Overnight Return UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EGV2.DE and L8I3.DE have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EGV2.DE and L8I3.DE have the same expense ratio: 0.10% per year.
EGV2.DE tracks ESTR Compounded Index, while L8I3.DE tracks Solactive EUR Overnight Return Index.
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