EMXG.L vs. CSH2.L
EMXG.L (Amundi MSCI Emerging ex China ESG Leaders Select UCITS ETF DR (C)) and CSH2.L (Lyxor Smart Overnight Return UCITS ETF C-GBP) are both exchange-traded funds - EMXG.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while CSH2.L is a Money Market fund actively managed by Amundi. EMXG.L is passively managed, while CSH2.L is actively managed. Over the past 3 years, EMXG.L returned 14.56%/yr vs 5.01%/yr for CSH2.L. At a correlation of -0.04, they often move in opposite directions. EMXG.L charges 0.35%/yr vs 0.07%/yr for CSH2.L.
Performance
EMXG.L vs. CSH2.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMXG.L achieves a 18.18% return, which is significantly higher than CSH2.L's 1.74% return.
EMXG.L
- 1D
- -0.93%
- 1M
- 5.63%
- YTD
- 18.18%
- 6M
- 20.23%
- 1Y
- 37.42%
- 3Y*
- 14.56%
- 5Y*
- —
- 10Y*
- —
CSH2.L
- 1D
- 0.03%
- 1M
- 0.36%
- YTD
- 1.74%
- 6M
- 2.08%
- 1Y
- 4.38%
- 3Y*
- 5.01%
- 5Y*
- 3.66%
- 10Y*
- 2.07%
EMXG.L vs. CSH2.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMXG.L Amundi MSCI Emerging ex China ESG Leaders Select UCITS ETF DR (C) | 18.18% | 18.34% | 2.79% | 6.43% | -10.02% | -2.26% |
CSH2.L Lyxor Smart Overnight Return UCITS ETF C-GBP | 1.74% | 4.67% | 5.61% | 4.72% | 1.54% | 0.03% |
Correlation
The correlation between EMXG.L and CSH2.L is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2021 | -0.04 |
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Return for Risk
EMXG.L vs. CSH2.L — Risk / Return Rank
EMXG.L
CSH2.L
EMXG.L vs. CSH2.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Emerging ex China ESG Leaders Select UCITS ETF DR (C) (EMXG.L) and Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.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.
| EMXG.L | CSH2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.75 | ||
| Sortino ratioReturn per unit of downside risk | -11.87 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 4.37 | -2.97 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 27.66 | -24.70 |
| Martin ratioReturn relative to average drawdown | 10.76 | 159.04 | -148.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMXG.L | CSH2.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 8.05 | -5.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 6.49 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 4.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 4.62 | -4.20 |
Drawdowns
EMXG.L vs. CSH2.L - Drawdown Comparison
The maximum EMXG.L drawdown since its inception was -16.30%, which is greater than CSH2.L's maximum drawdown of -0.37%. Use the drawdown chart below to compare losses from any high point for EMXG.L and CSH2.L.
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Drawdown Indicators
| EMXG.L | CSH2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.30% | -0.37% | -15.93% |
Max Drawdown (1Y)Largest decline over 1 year | -12.60% | -0.16% | -12.44% |
Max Drawdown (3Y)Largest decline over 3 years | -15.54% | -0.29% | -15.25% |
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 | -2.75% | 0.00% | -2.75% |
Average DrawdownAverage peak-to-trough decline | -6.84% | -0.00% | -6.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 0.03% | +3.44% |
Volatility
EMXG.L vs. CSH2.L - Volatility Comparison
Amundi MSCI Emerging ex China ESG Leaders Select UCITS ETF DR (C) (EMXG.L) has a higher volatility of 6.11% compared to Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) at 0.08%. This indicates that EMXG.L's price experiences larger fluctuations and is considered to be riskier than CSH2.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMXG.L | CSH2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 0.08% | +6.03% |
Volatility (6M)Calculated over the trailing 6-month period | 13.10% | 0.25% | +12.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.16% | 0.54% | +15.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.25% | 0.56% | +15.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.25% | 0.44% | +15.81% |
EMXG.L vs. CSH2.L - Expense Ratio Comparison
EMXG.L has a 0.35% expense ratio, which is higher than CSH2.L's 0.07% expense ratio.
Dividends
EMXG.L vs. CSH2.L - Dividend Comparison
Neither EMXG.L nor CSH2.L has paid dividends to shareholders.
Frequently Asked Questions
EMXG.L and CSH2.L have a correlation of -0.03, 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 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSH2.L is cheaper with a 0.07% expense ratio, compared with 0.35% for EMXG.L.
EMXG.L is categorized as Emerging Markets Equities, while CSH2.L is Money Market. Their fees differ too: 0.35% for EMXG.L and 0.07% for CSH2.L.
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