IUSA.DE vs. CSH.PA
IUSA.DE (iShares Core S&P 500 UCITS ETF USD Dist) and CSH.PA (Amundi EUR Overnight Return UCITS ETF Acc) are both exchange-traded funds - IUSA.DE is a S&P 500 fund tracking the S&P 500 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, IUSA.DE returned 14.31%/yr vs 0.68%/yr for CSH.PA. At a correlation of -0.03, they often move in opposite directions. IUSA.DE charges 0.07%/yr vs 0.10%/yr for CSH.PA.
Performance
IUSA.DE vs. CSH.PA - Performance Comparison
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Returns By Period
In the year-to-date period, IUSA.DE achieves a 11.82% return, which is significantly higher than CSH.PA's 1.05% return. Over the past 10 years, IUSA.DE has outperformed CSH.PA with an annualized return of 14.31%, while CSH.PA has yielded a comparatively lower 0.68% annualized return.
IUSA.DE
- 1D
- -1.23%
- 1M
- 0.29%
- 6M
- 9.52%
- YTD
- 11.82%
- 1Y
- 21.99%
- 3Y*
- 18.64%
- 5Y*
- 13.46%
- 10Y*
- 14.31%
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%
IUSA.DE vs. CSH.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 11.82% | 4.69% | 32.36% | 22.47% | -14.25% | 40.75% | 6.77% | 34.55% | -1.14% | 6.67% |
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 IUSA.DE and CSH.PA is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | -0.03 |
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Return for Risk
IUSA.DE vs. CSH.PA — Risk / Return Rank
IUSA.DE
CSH.PA
IUSA.DE vs. CSH.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF USD Dist (IUSA.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.
| IUSA.DE | CSH.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.86 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 5.77 | -2.67 |
| Martin ratioReturn relative to average drawdown | 11.06 | 34.47 | -23.40 |
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Drawdowns
IUSA.DE vs. CSH.PA - Drawdown Comparison
The maximum IUSA.DE drawdown since its inception was -52.05%, 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 IUSA.DE and CSH.PA.
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Drawdown Indicators
| IUSA.DE | CSH.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.05% | -5.07% | -46.98% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -0.35% | -6.55% |
Max Drawdown (3Y)Largest decline over 3 years | -23.36% | -0.35% | -23.01% |
Max Drawdown (5Y)Largest decline over 5 years | -23.36% | -0.75% | -22.61% |
Max Drawdown (10Y)Largest decline over 10 years | -33.67% | -3.57% | -30.10% |
Current DrawdownCurrent decline from peak | -1.33% | -0.32% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -8.41% | -1.51% | -6.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 0.06% | +1.88% |
Volatility
IUSA.DE vs. CSH.PA - Volatility Comparison
iShares Core S&P 500 UCITS ETF USD Dist (IUSA.DE) has a higher volatility of 3.00% compared to Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) at 0.53%. This indicates that IUSA.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
| IUSA.DE | CSH.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 0.53% | +2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 7.88% | 0.65% | +7.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.64% | 0.71% | +10.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 0.42% | +14.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.04% | 0.32% | +15.72% |
IUSA.DE vs. CSH.PA - Expense Ratio Comparison
IUSA.DE has a 0.07% expense ratio, which is lower than CSH.PA's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IUSA.DE vs. CSH.PA - Dividend Comparison
IUSA.DE's dividend yield for the trailing twelve months is around 0.86%, 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% |
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 0.86% | 0.94% | 0.99% | 1.25% | 1.46% | 0.99% | 1.40% | 1.48% | 1.70% | 1.51% | 1.37% | 1.52% |
Frequently Asked Questions
IUSA.DE and CSH.PA have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSA.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for CSH.PA.
IUSA.DE is categorized as S&P 500, while CSH.PA is Money Market. IUSA.DE tracks S&P 500 Index, while CSH.PA tracks Solactive Euro Overnight Return Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.07% for IUSA.DE and 0.10% for CSH.PA.
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