GRID vs. CSH.PA
GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) and CSH.PA (Amundi EUR Overnight Return UCITS ETF Acc) are both exchange-traded funds - GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index, while CSH.PA is a Money Market fund tracking the Solactive Euro Overnight Return Index. Both are passively managed. Over the past 10 years, GRID returned 18.48%/yr vs 1.06%/yr for CSH.PA. At a 0.27 correlation, their price movements are largely independent. GRID charges 0.70%/yr vs 0.10%/yr for CSH.PA.
Performance
GRID vs. CSH.PA - Performance Comparison
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Different Trading Currencies
GRID is traded in USD, while CSH.PA is traded in EUR. To make them comparable, the CSH.PA values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GRID achieves a 16.76% return, which is significantly higher than CSH.PA's -1.55% return. Over the past 10 years, GRID has outperformed CSH.PA with an annualized return of 18.48%, while CSH.PA has yielded a comparatively lower 1.06% annualized return.
GRID
- 1D
- 0.10%
- 1M
- -8.28%
- 6M
- 12.20%
- YTD
- 16.76%
- 1Y
- 25.70%
- 3Y*
- 19.38%
- 5Y*
- 15.54%
- 10Y*
- 18.48%
CSH.PA
- 1D
- 0.00%
- 1M
- 0.05%
- 6M
- -0.32%
- YTD
- -1.55%
- 1Y
- 0.39%
- 3Y*
- 3.57%
- 5Y*
- 1.32%
- 10Y*
- 1.06%
GRID vs. CSH.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 16.76% | 29.65% | 15.18% | 21.57% | -13.89% | 27.65% | 48.84% | 42.80% | -22.69% | 27.44% |
CSH.PA Amundi EUR Overnight Return UCITS ETF Acc | -1.55% | 15.99% | -2.72% | 6.48% | -6.11% | -7.46% | 8.10% | -2.54% | -5.19% | 13.62% |
Correlation
The correlation between GRID and CSH.PA is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2009 | 0.27 |
The correlation between GRID and CSH.PA shifts across timeframes, from 0.25 (10 years) to 0.37 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GRID vs. CSH.PA — Risk / Return Rank
GRID
CSH.PA
GRID vs. CSH.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) 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.
| GRID | CSH.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.02 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 0.13 | +2.04 |
| Martin ratioReturn relative to average drawdown | 6.68 | 0.28 | +6.40 |
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Drawdowns
GRID vs. CSH.PA - Drawdown Comparison
The maximum GRID drawdown since its inception was -40.56%, roughly equal to the maximum CSH.PA drawdown of -40.06%. Use the drawdown chart below to compare losses from any high point for GRID and CSH.PA.
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Drawdown Indicators
| GRID | CSH.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -40.06% | -0.50% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -4.97% | -6.76% |
Max Drawdown (3Y)Largest decline over 3 years | -20.62% | -7.54% | -13.08% |
Max Drawdown (5Y)Largest decline over 5 years | -29.64% | -19.86% | -9.78% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | -25.51% | -15.05% |
Current DrawdownCurrent decline from peak | -10.63% | -20.69% | +10.06% |
Average DrawdownAverage peak-to-trough decline | -8.41% | -21.72% | +13.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 2.40% | +1.42% |
Volatility
GRID vs. CSH.PA - Volatility Comparison
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a higher volatility of 8.77% compared to Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) at 1.38%. This indicates that GRID'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
| GRID | CSH.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.77% | 1.38% | +7.39% |
Volatility (6M)Calculated over the trailing 6-month period | 19.36% | 4.57% | +14.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.18% | 6.25% | +15.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.53% | 7.58% | +13.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.71% | 7.20% | +15.51% |
GRID vs. CSH.PA - Expense Ratio Comparison
GRID has a 0.70% expense ratio, which is higher than CSH.PA's 0.10% expense ratio.
Dividends
GRID vs. CSH.PA - Dividend Comparison
GRID's dividend yield for the trailing twelve months is around 0.80%, while CSH.PA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSH.PA Amundi EUR Overnight Return UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 0.80% | 1.01% | 1.06% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% |
Frequently Asked Questions
GRID and CSH.PA have a correlation of 0.34, 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 0.70% for GRID.
GRID is categorized as Alternative Energy Equities, while CSH.PA is Money Market. GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index, while CSH.PA tracks Solactive Euro Overnight Return Index. They also come from different issuers: First Trust and Amundi. Their fees differ too: 0.70% for GRID and 0.10% for CSH.PA.
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