KLMG.L vs. CSH2.L
KLMG.L (Lyxor Green Bond UCITS ETF GBP Hedged Dist) and CSH2.L (Lyxor Smart Overnight Return UCITS ETF C-GBP) are both exchange-traded funds - KLMG.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR Hdg GBP, while CSH2.L is a Money Market fund actively managed by Amundi. KLMG.L is passively managed, while CSH2.L is actively managed. Over the past 5 years, KLMG.L returned -1.59%/yr vs 3.66%/yr for CSH2.L. At a 0.05 correlation, their price movements are largely independent. KLMG.L charges 0.30%/yr vs 0.07%/yr for CSH2.L.
Performance
KLMG.L vs. CSH2.L - Performance Comparison
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Different Trading Currencies
KLMG.L is traded in GBP, while CSH2.L is traded in GBp. To make them comparable, the CSH2.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, KLMG.L achieves a 0.83% return, which is significantly lower than CSH2.L's 1.74% return.
KLMG.L
- 1D
- 0.09%
- 1M
- 0.83%
- YTD
- 0.83%
- 6M
- -1.34%
- 1Y
- 0.36%
- 3Y*
- 3.69%
- 5Y*
- -1.59%
- 10Y*
- —
CSH2.L
- 1D
- 0.03%
- 1M
- 0.36%
- YTD
- 1.74%
- 6M
- 2.08%
- 1Y
- 4.38%
- 3Y*
- 5.01%
- 5Y*
- 3.66%
- 10Y*
- 2.07%
KLMG.L vs. CSH2.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KLMG.L Lyxor Green Bond UCITS ETF GBP Hedged Dist | 0.83% | 1.12% | 3.03% | 8.52% | -18.95% | -3.47% | 1.21% |
CSH2.L Lyxor Smart Overnight Return UCITS ETF C-GBP | 1.74% | 4.67% | 5.61% | 4.72% | 1.54% | 0.13% | 0.05% |
Correlation
The correlation between KLMG.L and CSH2.L is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020 | 0.05 |
The correlation between KLMG.L and CSH2.L shifts across timeframes, from -0.05 (1 year) to 0.06 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
KLMG.L vs. CSH2.L — Risk / Return Rank
KLMG.L
CSH2.L
KLMG.L vs. CSH2.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor Green Bond UCITS ETF GBP Hedged Dist (KLMG.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.
| KLMG.L | CSH2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.97 | ||
| Sortino ratioReturn per unit of downside risk | -14.92 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 4.37 | -3.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 27.66 | -27.57 |
| Martin ratioReturn relative to average drawdown | 0.20 | 159.04 | -158.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KLMG.L | CSH2.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | 8.05 | -7.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | 6.49 | -6.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 4.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.31 | 4.62 | -4.93 |
Drawdowns
KLMG.L vs. CSH2.L - Drawdown Comparison
The maximum KLMG.L drawdown since its inception was -24.10%, which is greater than CSH2.L's maximum drawdown of -0.37%. Use the drawdown chart below to compare losses from any high point for KLMG.L and CSH2.L.
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Drawdown Indicators
| KLMG.L | CSH2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.10% | -0.37% | -23.73% |
Max Drawdown (1Y)Largest decline over 1 year | -3.94% | -0.16% | -3.78% |
Max Drawdown (3Y)Largest decline over 3 years | -3.94% | -0.29% | -3.65% |
Max Drawdown (5Y)Largest decline over 5 years | -23.06% | -0.29% | -22.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.37% | — |
Current DrawdownCurrent decline from peak | -11.23% | 0.00% | -11.23% |
Average DrawdownAverage peak-to-trough decline | -12.13% | -0.00% | -12.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 0.03% | +1.77% |
Volatility
KLMG.L vs. CSH2.L - Volatility Comparison
Lyxor Green Bond UCITS ETF GBP Hedged Dist (KLMG.L) has a higher volatility of 1.72% compared to Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) at 0.08%. This indicates that KLMG.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
| KLMG.L | CSH2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 0.08% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 3.68% | 0.25% | +3.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 0.54% | +3.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.88% | 0.56% | +5.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.58% | 0.44% | +5.14% |
KLMG.L vs. CSH2.L - Expense Ratio Comparison
KLMG.L has a 0.30% expense ratio, which is higher than CSH2.L's 0.07% expense ratio.
Dividends
KLMG.L vs. CSH2.L - Dividend Comparison
Neither KLMG.L nor CSH2.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CSH2.L Lyxor Smart Overnight Return UCITS ETF C-GBP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KLMG.L Lyxor Green Bond UCITS ETF GBP Hedged Dist | 0.00% | 0.00% | 2.02% | 1.44% | 1.28% | 1.03% |
Frequently Asked Questions
KLMG.L and CSH2.L have a correlation of -0.05, 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 KLMG.L.
KLMG.L is categorized as Global Corporate Bonds, while CSH2.L is Money Market. Their fees differ too: 0.30% for KLMG.L and 0.07% for CSH2.L.
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