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

LAUU.L vs. CSH2.L

Last updated Jun 5, 2026

LAUU.L (Lyxor Australia (S&P/ASX 200) UCITS ETF - Dist) and CSH2.L (Lyxor Smart Overnight Return UCITS ETF C-GBP) are both exchange-traded funds - LAUU.L is a Asia Pacific Equities fund tracking the MSCI Australia NR USD, while CSH2.L is a Money Market fund actively managed by Amundi. LAUU.L is passively managed, while CSH2.L is actively managed. Over the past 5 years, LAUU.L returned 5.08%/yr vs 2.57%/yr for CSH2.L. At a 0.38 correlation, their price movements are largely independent. LAUU.L charges 0.40%/yr vs 0.07%/yr for CSH2.L.

Performance

LAUU.L vs. CSH2.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lyxor Australia (S&P/ASX 200) UCITS ETF - Dist (LAUU.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

LAUU.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, LAUU.L achieves a 8.08% return, which is significantly higher than CSH2.L's 1.49% return.

LAUU.L

1D
-0.65%
1M
-0.49%
YTD
8.08%
6M
9.74%
1Y
14.51%
3Y*
12.32%
5Y*
5.08%
10Y*
—

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)

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

2026 (YTD)20252024202320222021202020192018
LAUU.L
Lyxor Australia (S&P/ASX 200) UCITS ETF - Dist		8.08%17.36%1.39%11.94%-7.97%8.38%11.35%21.36%-11.21%
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%-8.65%

Correlation

The correlation between LAUU.L and CSH2.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.44

Correlation (3Y)
Calculated over the trailing 3-year period

0.42

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

0.47

Correlation (All Time)
Calculated using the full available price history since Mar 20, 2018

0.38

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

Sectors
LAUU.L
CSH2.L

Financial Services

34.8%
10.4%

Basic Materials

24.7%
1.0%

Consumer Cyclical

6.7%
13.9%

Industrials

6.3%
6.3%

Real Estate

5.8%
0.0%

Healthcare

5.5%
11.3%

Energy

5.0%
1.4%

Communication Services

3.7%
13.9%

Consumer Defensive

3.6%
4.9%

Technology

2.5%
35.9%

Utilities

1.5%
1.1%

Financial Services

LAUU.L
34.8%
CSH2.L
10.4%

Basic Materials

LAUU.L
24.7%
CSH2.L
1.0%

Consumer Cyclical

LAUU.L
6.7%
CSH2.L
13.9%

Industrials

LAUU.L
6.3%
CSH2.L
6.3%

Real Estate

LAUU.L
5.8%
CSH2.L
0.0%

Healthcare

LAUU.L
5.5%
CSH2.L
11.3%

Energy

LAUU.L
5.0%
CSH2.L
1.4%

Communication Services

LAUU.L
3.7%
CSH2.L
13.9%

Consumer Defensive

LAUU.L
3.6%
CSH2.L
4.9%

Technology

LAUU.L
2.5%
CSH2.L
35.9%

Utilities

LAUU.L
1.5%
CSH2.L
1.1%

Compare stocks, funds, or ETFs

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Lyxor Australia (S&P/ASX 200) UCITS ETF - Dist

Lyxor Smart Overnight Return UCITS ETF C-GBP

Often compared with LAUU.L:
LAUU.L vs. SPYLAUU.L vs. ^NDXLAUU.L vs. TSLYLAUU.L vs. VUSA.LLAUU.L vs. YMAXLAUU.L vs. IVVLAUU.L vs. JEPI
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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LAUU.L
LAUU.L Risk / Return Rank: 2828
Overall Rank
LAUU.L Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
LAUU.L Sortino Ratio Rank: 2828
Sortino Ratio Rank
LAUU.L Omega Ratio Rank: 2626
Omega Ratio Rank
LAUU.L Calmar Ratio Rank: 2929
Calmar Ratio Rank
LAUU.L Martin Ratio Rank: 2929
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.

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

This table presents a comparison of risk-adjusted performance metrics for Lyxor Australia (S&P/ASX 200) UCITS ETF - Dist (LAUU.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.

LAUU.LCSH2.LDifference
Sharpe ratioReturn per unit of total volatility
0.94
0.51

+0.43

Sortino ratioReturn per unit of downside risk
1.48
0.79

+0.69

Omega ratioGain probability vs. loss probability

1.17

1.09

+0.08

Calmar ratioReturn relative to maximum drawdown

1.35

0.82

+0.53

Martin ratioReturn relative to average drawdown

4.15

1.79

+2.36

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

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

The current LAUU.L Sharpe Ratio is 0.94, which is higher than the CSH2.L Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of LAUU.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

LAUU.LCSH2.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.94

0.51

+0.43

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.26

0.30

-0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.14

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.07

+0.24

Drawdowns

LAUU.L vs. CSH2.L - Drawdown Comparison

The maximum LAUU.L drawdown since its inception was -45.03%, 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 LAUU.L and CSH2.L.

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Drawdown Indicators

LAUU.LCSH2.LDifference

Max Drawdown

Largest peak-to-trough decline

-45.03%

-29.83%

-15.20%

Max Drawdown (1Y)

Largest decline over 1 year

-10.67%

-4.11%

-6.56%

Max Drawdown (3Y)

Largest decline over 3 years

-23.29%

-7.81%

-15.48%

Max Drawdown (5Y)

Largest decline over 5 years

-25.38%

-23.98%

-1.40%

Max Drawdown (10Y)

Largest decline over 10 years

—

-25.51%

—

Current Drawdown

Current decline from peak

-4.28%

-1.62%

-2.66%

Average Drawdown

Average peak-to-trough decline

-7.16%

-12.73%

+5.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.49%

1.88%

+1.61%

Volatility

LAUU.L vs. CSH2.L - Volatility Comparison

Lyxor Australia (S&P/ASX 200) UCITS ETF - Dist (LAUU.L) has a higher volatility of 5.36% compared to Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) at 1.81%. This indicates that LAUU.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

LAUU.LCSH2.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.36%

1.81%

+3.55%

Volatility (6M)

Calculated over the trailing 6-month period

12.61%

4.94%

+7.67%

Volatility (1Y)

Calculated over the trailing 1-year period

15.44%

6.62%

+8.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.71%

8.55%

+11.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.13%

9.36%

+12.77%

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

LAUU.L has a 0.40% expense ratio, which is higher than CSH2.L's 0.07% expense ratio.

Dividends

LAUU.L vs. CSH2.L - Dividend Comparison

LAUU.L's dividend yield for the trailing twelve months is around 2.40%, while CSH2.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018
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%
LAUU.L
Lyxor Australia (S&P/ASX 200) UCITS ETF - Dist		2.40%2.60%3.90%3.13%4.48%2.86%1.94%3.50%3.96%

Frequently Asked Questions

LAUU.L and CSH2.L have a correlation of 0.44, 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 0.40% for LAUU.L.

LAUU.L is categorized as Asia Pacific Equities, while CSH2.L is Money Market. Their fees differ too: 0.40% for LAUU.L and 0.07% for CSH2.L.

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