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ISDW.L vs. CSH2.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISDW.L vs. CSH2.L

Last updated Jun 5, 2026

ISDW.L (iShares MSCI World Islamic UCITS) and CSH2.L (Lyxor Smart Overnight Return UCITS ETF C-GBP) are both exchange-traded funds - ISDW.L is a Global Equities fund tracking the MSCI World Islamic Index, while CSH2.L is a Money Market fund actively managed by Amundi. ISDW.L is passively managed, while CSH2.L is actively managed. Over the past 10 years, ISDW.L returned 11.23%/yr vs 1.33%/yr for CSH2.L. At a 0.29 correlation, their price movements are largely independent. ISDW.L charges 0.30%/yr vs 0.07%/yr for CSH2.L.

Performance

ISDW.L vs. CSH2.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI World Islamic UCITS (ISDW.L) and Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ISDW.L is traded in USD, while CSH2.L is traded in GBp. To make them comparable, the CSH2.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ISDW.L achieves a 19.45% return, which is significantly higher than CSH2.L's 1.49% return. Over the past 10 years, ISDW.L has outperformed CSH2.L with an annualized return of 11.23%, while CSH2.L has yielded a comparatively lower 1.33% annualized return.

ISDW.L

1D
-0.28%
1M
8.36%
YTD
19.45%
6M
20.58%
1Y
36.72%
3Y*
18.57%
5Y*
12.01%
10Y*
11.23%

CSH2.L

1D
0.08%
1M
-0.49%
YTD
1.49%
6M
2.83%
1Y
3.38%
3Y*
7.71%
5Y*
2.57%
10Y*
1.33%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ISDW.L vs. CSH2.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ISDW.L
iShares MSCI World Islamic UCITS		19.45%19.35%5.72%23.61%-11.80%21.40%8.33%21.16%-9.55%19.36%
CSH2.L
Lyxor Smart Overnight Return UCITS ETF C-GBP		1.49%12.57%3.85%10.24%-9.32%-0.78%3.37%4.86%-5.00%9.98%

Correlation

The correlation between ISDW.L and CSH2.L 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

0.30

Correlation (5Y)
Calculated over the trailing 5-year period

0.38

Correlation (10Y)
Calculated over the trailing 10-year period

0.30

Correlation (All Time)
Calculated using the full available price history since Jun 11, 2015

0.29

ISDW.L vs. CSH2.L - Sectors Allocation Comparison

Sectors
ISDW.L
CSH2.L

Technology

43.8%
35.9%

Industrials

12.7%
6.3%

Energy

10.9%
1.4%

Healthcare

10.2%
11.3%

Basic Materials

9.6%
1.0%

Consumer Cyclical

7.1%
13.9%

Consumer Defensive

3.7%
4.9%

Utilities

1.0%
1.1%

Communication Services

0.4%
13.9%

Real Estate

0.2%
0.0%

Financial Services

0.0%
10.4%

Technology

ISDW.L
43.8%
CSH2.L
35.9%

Industrials

ISDW.L
12.7%
CSH2.L
6.3%

Energy

ISDW.L
10.9%
CSH2.L
1.4%

Healthcare

ISDW.L
10.2%
CSH2.L
11.3%

Basic Materials

ISDW.L
9.6%
CSH2.L
1.0%

Consumer Cyclical

ISDW.L
7.1%
CSH2.L
13.9%

Consumer Defensive

ISDW.L
3.7%
CSH2.L
4.9%

Utilities

ISDW.L
1.0%
CSH2.L
1.1%

Communication Services

ISDW.L
0.4%
CSH2.L
13.9%

Real Estate

ISDW.L
0.2%
CSH2.L
0.0%

Financial Services

ISDW.L
0.0%
CSH2.L
10.4%

Compare stocks, funds, or ETFs

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iShares MSCI World Islamic UCITS

Lyxor Smart Overnight Return UCITS ETF C-GBP

Often compared with ISDW.L:
ISDW.L vs. IGDA.LISDW.L vs. SPUSISDW.L vs. ISDU.LISDW.L vs. SPWOISDW.L vs. ISWD.LISDW.L vs. UMMAISDW.L vs. IITU.L
Often compared with CSH2.L:
CSH2.L vs. ERNS.LCSH2.L vs. MINV.LCSH2.L vs. BILSCSH2.L vs. ERNA.LCSH2.L vs. TI5G.LCSH2.L vs. LCSIXCSH2.L vs. AAPL

Return for Risk

ISDW.L vs. CSH2.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ISDW.L
ISDW.L Risk / Return Rank: 8686
Overall Rank
ISDW.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
ISDW.L Sortino Ratio Rank: 8888
Sortino Ratio Rank
ISDW.L Omega Ratio Rank: 8282
Omega Ratio Rank
ISDW.L Calmar Ratio Rank: 8989
Calmar Ratio Rank
ISDW.L Martin Ratio Rank: 8787
Martin Ratio Rank
CSH2.L
CSH2.L Risk / Return Rank: 9999
Overall Rank
CSH2.L Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
CSH2.L Sortino Ratio Rank: 9999
Sortino Ratio Rank
CSH2.L Omega Ratio Rank: 9999
Omega Ratio Rank
CSH2.L Calmar Ratio Rank: 9999
Calmar Ratio Rank
CSH2.L Martin Ratio Rank: 9999
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ISDW.L vs. CSH2.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Islamic UCITS (ISDW.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.

ISDW.LCSH2.LDifference
Sharpe ratioReturn per unit of total volatility
2.82
0.51

+2.31

Sortino ratioReturn per unit of downside risk
3.94
0.79

+3.15

Omega ratioGain probability vs. loss probability

1.49

1.09

+0.40

Calmar ratioReturn relative to maximum drawdown

5.29

0.82

+4.47

Martin ratioReturn relative to average drawdown

18.43

1.79

+16.64

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ISDW.L vs. CSH2.L - Sharpe Ratio Comparison

The current ISDW.L Sharpe Ratio is 2.82, which is higher than the CSH2.L Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of ISDW.L and CSH2.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ISDW.LCSH2.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.82

0.51

+2.31

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.76

0.30

+0.46

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.72

0.14

+0.57

Sharpe Ratio (All Time)

Calculated using the full available price history

0.46

0.07

+0.39

Drawdowns

ISDW.L vs. CSH2.L - Drawdown Comparison

The maximum ISDW.L drawdown since its inception was -44.87%, which is greater than CSH2.L's maximum drawdown of -29.83%. Use the drawdown chart below to compare losses from any high point for ISDW.L and CSH2.L.

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Drawdown Indicators

ISDW.LCSH2.LDifference

Max Drawdown

Largest peak-to-trough decline

-44.87%

-29.83%

-15.04%

Max Drawdown (1Y)

Largest decline over 1 year

-6.91%

-4.11%

-2.80%

Max Drawdown (3Y)

Largest decline over 3 years

-18.20%

-7.81%

-10.39%

Max Drawdown (5Y)

Largest decline over 5 years

-22.76%

-23.98%

+1.22%

Max Drawdown (10Y)

Largest decline over 10 years

-33.77%

-25.51%

-8.26%

Current Drawdown

Current decline from peak

-0.28%

-1.62%

+1.34%

Average Drawdown

Average peak-to-trough decline

-5.26%

-12.73%

+7.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.99%

1.88%

+0.11%

Volatility

ISDW.L vs. CSH2.L - Volatility Comparison

iShares MSCI World Islamic UCITS (ISDW.L) has a higher volatility of 4.54% compared to Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) at 1.81%. This indicates that ISDW.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

ISDW.LCSH2.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.54%

1.81%

+2.73%

Volatility (6M)

Calculated over the trailing 6-month period

10.20%

4.94%

+5.26%

Volatility (1Y)

Calculated over the trailing 1-year period

12.98%

6.62%

+6.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.72%

8.55%

+7.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.67%

9.36%

+6.31%

ISDW.L vs. CSH2.L - Expense Ratio Comparison

ISDW.L has a 0.30% expense ratio, which is higher than CSH2.L's 0.07% expense ratio.

Dividends

ISDW.L vs. CSH2.L - Dividend Comparison

ISDW.L's dividend yield for the trailing twelve months is around 0.95%, while CSH2.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CSH2.L
Lyxor Smart Overnight Return UCITS ETF C-GBP		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ISDW.L
iShares MSCI World Islamic UCITS		0.95%1.11%1.38%1.56%2.02%1.47%1.38%1.80%1.87%1.54%1.70%1.77%

Frequently Asked Questions

ISDW.L and CSH2.L 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, 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 0.30% for ISDW.L.

ISDW.L is categorized as Global Equities, while CSH2.L is Money Market. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.30% for ISDW.L and 0.07% for CSH2.L.

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