IPRP.L vs. CSH.PA
IPRP.L (iShares European Property Yield UCITS ETF) and CSH.PA (Amundi EUR Overnight Return UCITS ETF Acc) are both exchange-traded funds - IPRP.L is a REIT fund tracking the FTSE EPRA Nareit Developed Europe TR EUR, while CSH.PA is a Money Market fund tracking the Solactive Euro Overnight Return Index. Both are passively managed. Over the past 10 years, IPRP.L returned 1.88%/yr vs 1.90%/yr for CSH.PA. At a 0.25 correlation, their price movements are largely independent. IPRP.L charges 0.40%/yr vs 0.10%/yr for CSH.PA.
Performance
IPRP.L vs. CSH.PA - Performance Comparison
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Different Trading Currencies
IPRP.L is traded in GBp, while CSH.PA is traded in EUR. To make them comparable, the CSH.PA values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IPRP.L achieves a 0.47% return, which is significantly higher than CSH.PA's -0.01% return. Both investments have delivered pretty close results over the past 10 years, with IPRP.L having a 1.88% annualized return and CSH.PA not far ahead at 1.90%.
IPRP.L
- 1D
- 1.60%
- 1M
- 0.26%
- YTD
- 0.47%
- 6M
- 2.67%
- 1Y
- 1.29%
- 3Y*
- 11.51%
- 5Y*
- -4.25%
- 10Y*
- 1.88%
CSH.PA
- 1D
- 0.09%
- 1M
- -0.00%
- YTD
- -0.01%
- 6M
- -0.55%
- 1Y
- 3.63%
- 3Y*
- 3.09%
- 5Y*
- 2.02%
- 10Y*
- 1.90%
IPRP.L vs. CSH.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IPRP.L iShares European Property Yield UCITS ETF | 0.47% | 13.63% | -4.96% | 15.42% | -33.74% | 1.88% | -3.84% | 18.45% | -5.36% | 19.14% |
CSH.PA Amundi EUR Overnight Return UCITS ETF Acc | -0.01% | 7.72% | -1.02% | 1.16% | 5.11% | -6.54% | 7.70% | -6.25% | 0.43% | 3.80% |
Correlation
The correlation between IPRP.L and CSH.PA is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.25 |
The correlation between IPRP.L and CSH.PA shifts across timeframes, from 0.14 (3 years) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IPRP.L vs. CSH.PA — Risk / Return Rank
IPRP.L
CSH.PA
IPRP.L vs. CSH.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares European Property Yield UCITS ETF (IPRP.L) 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.
| IPRP.L | CSH.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.21 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 2.37 | -2.29 |
| Martin ratioReturn relative to average drawdown | 0.21 | 5.18 | -4.98 |
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Drawdowns
IPRP.L vs. CSH.PA - Drawdown Comparison
The maximum IPRP.L drawdown since its inception was -64.48%, which is greater than CSH.PA's maximum drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for IPRP.L and CSH.PA.
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Drawdown Indicators
| IPRP.L | CSH.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.48% | -27.56% | -36.92% |
Max Drawdown (1Y)Largest decline over 1 year | -16.12% | -1.96% | -14.16% |
Max Drawdown (3Y)Largest decline over 3 years | -16.12% | -3.28% | -12.84% |
Max Drawdown (5Y)Largest decline over 5 years | -48.77% | -4.89% | -43.88% |
Max Drawdown (10Y)Largest decline over 10 years | -48.77% | -11.66% | -37.11% |
Current DrawdownCurrent decline from peak | -23.83% | -1.30% | -22.53% |
Average DrawdownAverage peak-to-trough decline | -16.67% | -10.49% | -6.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.28% | 0.90% | +5.38% |
Volatility
IPRP.L vs. CSH.PA - Volatility Comparison
iShares European Property Yield UCITS ETF (IPRP.L) has a higher volatility of 4.23% compared to Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) at 1.04%. This indicates that IPRP.L'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
| IPRP.L | CSH.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 1.04% | +3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 13.05% | 2.65% | +10.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.28% | 4.01% | +11.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.53% | 5.37% | +16.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.35% | 7.11% | +12.24% |
IPRP.L vs. CSH.PA - Expense Ratio Comparison
IPRP.L has a 0.40% expense ratio, which is higher than CSH.PA's 0.10% expense ratio.
Dividends
IPRP.L vs. CSH.PA - Dividend Comparison
IPRP.L's dividend yield for the trailing twelve months is around 0.50%, 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% | 0.05% | 0.05% | 2.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IPRP.L iShares European Property Yield UCITS ETF | 0.50% | 2.83% | 2.79% | 2.62% | 4.20% | 2.11% | 2.68% | 3.07% | 3.24% | 2.81% | 2.49% | 2.59% |
Frequently Asked Questions
IPRP.L and CSH.PA have a correlation of 0.20, 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 0.40% for IPRP.L.
IPRP.L is categorized as REIT, while CSH.PA is Money Market. IPRP.L tracks FTSE EPRA Nareit Developed Europe TR EUR, while CSH.PA tracks Solactive Euro Overnight Return Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.40% for IPRP.L and 0.10% for CSH.PA.
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