MEUG.L vs. CSH2.L
MEUG.L (Lyxor UCITS MSCI Europe D-EUR) and CSH2.L (Lyxor Smart Overnight Return UCITS ETF C-GBP) are both exchange-traded funds - MEUG.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while CSH2.L is a Money Market fund actively managed by Amundi. MEUG.L is passively managed, while CSH2.L is actively managed. Over the past 10 years, MEUG.L returned 10.37%/yr vs 2.07%/yr for CSH2.L. At a correlation of -0.02, they often move in opposite directions. MEUG.L charges 0.25%/yr vs 0.07%/yr for CSH2.L.
Performance
MEUG.L vs. CSH2.L - Performance Comparison
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Returns By Period
In the year-to-date period, MEUG.L achieves a 6.45% return, which is significantly higher than CSH2.L's 1.74% return. Over the past 10 years, MEUG.L has outperformed CSH2.L with an annualized return of 10.37%, while CSH2.L has yielded a comparatively lower 2.07% annualized return.
MEUG.L
- 1D
- 0.49%
- 1M
- 3.47%
- YTD
- 6.45%
- 6M
- 8.77%
- 1Y
- 19.14%
- 3Y*
- 13.58%
- 5Y*
- 9.94%
- 10Y*
- 10.37%
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%
MEUG.L vs. CSH2.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MEUG.L Lyxor UCITS MSCI Europe D-EUR | 6.45% | 26.01% | 3.67% | 12.42% | -3.12% | 15.71% | 2.31% | 20.16% | -9.59% | 15.90% |
CSH2.L Lyxor Smart Overnight Return UCITS ETF C-GBP | 1.74% | 4.67% | 5.61% | 4.72% | 1.54% | 0.13% | 0.30% | 0.82% | 0.70% | 0.42% |
Correlation
The correlation between MEUG.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 | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2015 | -0.02 |
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Return for Risk
MEUG.L vs. CSH2.L — Risk / Return Rank
MEUG.L
CSH2.L
MEUG.L vs. CSH2.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor UCITS MSCI Europe D-EUR (MEUG.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.
| MEUG.L | CSH2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.44 | ||
| Sortino ratioReturn per unit of downside risk | -12.79 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 4.37 | -3.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 27.66 | -25.84 |
| Martin ratioReturn relative to average drawdown | 6.45 | 159.04 | -152.59 |
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
| MEUG.L | CSH2.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 8.05 | -6.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | 6.49 | -5.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 4.68 | -3.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 4.62 | -3.81 |
Drawdowns
MEUG.L vs. CSH2.L - Drawdown Comparison
The maximum MEUG.L drawdown since its inception was -28.58%, 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 MEUG.L and CSH2.L.
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Drawdown Indicators
| MEUG.L | CSH2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.58% | -0.37% | -28.21% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -0.16% | -10.31% |
Max Drawdown (3Y)Largest decline over 3 years | -12.69% | -0.29% | -12.40% |
Max Drawdown (5Y)Largest decline over 5 years | -15.18% | -0.29% | -14.89% |
Max Drawdown (10Y)Largest decline over 10 years | -28.58% | -0.37% | -28.21% |
Current DrawdownCurrent decline from peak | -1.41% | 0.00% | -1.41% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -0.00% | -4.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 0.03% | +2.93% |
Volatility
MEUG.L vs. CSH2.L - Volatility Comparison
Lyxor UCITS MSCI Europe D-EUR (MEUG.L) has a higher volatility of 3.82% compared to Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) at 0.08%. This indicates that MEUG.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
| MEUG.L | CSH2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 0.08% | +3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.93% | 0.25% | +9.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.84% | 0.54% | +11.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.14% | 0.56% | +18.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.39% | 0.44% | +18.95% |
MEUG.L vs. CSH2.L - Expense Ratio Comparison
MEUG.L has a 0.25% expense ratio, which is higher than CSH2.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MEUG.L vs. CSH2.L - Dividend Comparison
Neither MEUG.L nor CSH2.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MEUG.L Lyxor UCITS MSCI Europe D-EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.70% | 3.42% | 3.73% | 3.07% | 3.39% | 3.60% |
Frequently Asked Questions
MEUG.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 0.25% for MEUG.L.
MEUG.L is categorized as Europe Equities, while CSH2.L is Money Market. Their fees differ too: 0.25% for MEUG.L and 0.07% for CSH2.L.
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