ETLX.DE vs. CSH.PA
ETLX.DE (L&G Gold Mining UCITS ETF) and CSH.PA (Amundi EUR Overnight Return UCITS ETF Acc) are both exchange-traded funds - ETLX.DE is a Gold fund tracking the DAXglobal® Gold Miners, while CSH.PA is a Money Market fund tracking the Solactive Euro Overnight Return Index. Both are passively managed. Over the past 10 years, ETLX.DE returned 11.24%/yr vs 0.68%/yr for CSH.PA. At a correlation of -0.01, they often move in opposite directions. ETLX.DE charges 0.65%/yr vs 0.10%/yr for CSH.PA.
Performance
ETLX.DE vs. CSH.PA - Performance Comparison
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Returns By Period
In the year-to-date period, ETLX.DE achieves a -17.69% return, which is significantly lower than CSH.PA's 1.05% return. Over the past 10 years, ETLX.DE has outperformed CSH.PA with an annualized return of 11.24%, while CSH.PA has yielded a comparatively lower 0.68% annualized return.
ETLX.DE
- 1D
- -1.41%
- 1M
- -14.44%
- 6M
- -25.07%
- YTD
- -17.69%
- 1Y
- 45.65%
- 3Y*
- 37.92%
- 5Y*
- 22.00%
- 10Y*
- 11.24%
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%
ETLX.DE vs. CSH.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETLX.DE L&G Gold Mining UCITS ETF | -17.69% | 152.51% | 27.45% | 11.01% | -7.07% | -3.33% | 12.25% | 42.55% | -5.79% | -3.18% |
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 ETLX.DE and CSH.PA 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 | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2009 | -0.01 |
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Return for Risk
ETLX.DE vs. CSH.PA — Risk / Return Rank
ETLX.DE
CSH.PA
ETLX.DE vs. CSH.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Gold Mining UCITS ETF (ETLX.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.
| ETLX.DE | CSH.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.86 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 5.77 | -4.52 |
| Martin ratioReturn relative to average drawdown | 2.92 | 34.47 | -31.54 |
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Drawdowns
ETLX.DE vs. CSH.PA - Drawdown Comparison
The maximum ETLX.DE drawdown since its inception was -73.44%, 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 ETLX.DE and CSH.PA.
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Drawdown Indicators
| ETLX.DE | CSH.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.44% | -5.07% | -68.37% |
Max Drawdown (1Y)Largest decline over 1 year | -36.57% | -0.35% | -36.22% |
Max Drawdown (3Y)Largest decline over 3 years | -36.57% | -0.35% | -36.22% |
Max Drawdown (5Y)Largest decline over 5 years | -42.01% | -0.75% | -41.26% |
Max Drawdown (10Y)Largest decline over 10 years | -47.06% | -3.57% | -43.49% |
Current DrawdownCurrent decline from peak | -36.57% | -0.32% | -36.25% |
Average DrawdownAverage peak-to-trough decline | -34.38% | -1.51% | -32.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.71% | 0.06% | +15.65% |
Volatility
ETLX.DE vs. CSH.PA - Volatility Comparison
L&G Gold Mining UCITS ETF (ETLX.DE) has a higher volatility of 13.74% compared to Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) at 0.53%. This indicates that ETLX.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
| ETLX.DE | CSH.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.74% | 0.53% | +13.21% |
Volatility (6M)Calculated over the trailing 6-month period | 37.76% | 0.65% | +37.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.26% | 0.71% | +47.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.80% | 0.42% | +36.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.09% | 0.32% | +33.77% |
ETLX.DE vs. CSH.PA - Expense Ratio Comparison
ETLX.DE has a 0.65% expense ratio, which is higher than CSH.PA's 0.10% expense ratio.
Dividends
ETLX.DE vs. CSH.PA - Dividend Comparison
Neither ETLX.DE nor CSH.PA has paid dividends to shareholders.
Frequently Asked Questions
ETLX.DE and CSH.PA 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, CSH.PA is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSH.PA is cheaper with a 0.10% expense ratio, compared with 0.65% for ETLX.DE.
ETLX.DE is categorized as Gold, while CSH.PA is Money Market. ETLX.DE tracks DAXglobal® Gold Miners, while CSH.PA tracks Solactive Euro Overnight Return Index. They also come from different issuers: Legal & General and Amundi. Their fees differ too: 0.65% for ETLX.DE and 0.10% for CSH.PA.
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