MSED.L vs. CSH2.L

Last updated Jun 5, 2026

MSED.L (Lyxor Euro Stoxx 50 DR UCITS C) and CSH2.L (Lyxor Smart Overnight Return UCITS ETF C-GBP) are both exchange-traded funds - MSED.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while CSH2.L is a Money Market fund actively managed by Amundi. MSED.L is passively managed, while CSH2.L is actively managed. Over the past 10 years, MSED.L returned 3.19%/yr vs 2.07%/yr for CSH2.L. At a correlation of -0.01, they often move in opposite directions. Both charge a 0.07% expense ratio.

Performance

MSED.L vs. CSH2.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor Euro Stoxx 50 DR UCITS C (MSED.L) and Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSED.L achieves a 6.29% return, which is significantly higher than CSH2.L's 1.74% return. Over the past 10 years, MSED.L has outperformed CSH2.L with an annualized return of 3.19%, while CSH2.L has yielded a comparatively lower 2.07% annualized return.

MSED.L

• 1D: 0.71%
• 1M: 1.87%
• YTD: 6.29%
• 6M: 7.61%
• 1Y: 18.75%
• 3Y*: -10.77%
• 5Y*: -4.44%
• 10Y*: 3.19%

CSH2.L

• 1D: 0.03%
• 1M: 0.35%
• YTD: 1.74%
• 6M: 2.06%
• 1Y: 4.37%
• 3Y*: 5.01%
• 5Y*: 3.66%
• 10Y*: 2.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MSED.L Lyxor Euro Stoxx 50 DR UCITS C	6.29%	27.95%	6.38%	-45.01%	-3.26%	15.48%	3.29%	21.79%	-10.43%	14.38%
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 MSED.L and CSH2.L is -0.04, 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	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	-0.03
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	-0.01

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

Sectors	MSED.L	CSH2.L
Financial Services	25.6%	10.4%
Industrials	22.2%	6.3%
Technology	18.6%	35.9%
Consumer Cyclical	10.1%	13.9%
Healthcare	5.4%	11.3%
Energy	5.2%	1.4%
Utilities	4.7%	1.1%
Consumer Defensive	4.0%	4.9%
Communication Services	2.5%	13.9%
Basic Materials	1.7%	1.0%
Real Estate	-	0.0%

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MSED.L

MSED.L Risk / Return Rank: 36
MSED.L Sharpe Ratio Rank: 36
MSED.L Sortino Ratio Rank: 36
MSED.L Omega Ratio Rank: 36
MSED.L Calmar Ratio Rank: 34
MSED.L Martin Ratio Rank: 36

CSH2.L

CSH2.L Risk / Return Rank: 99
CSH2.L Sharpe Ratio Rank: 99
CSH2.L Sortino Ratio Rank: 99
CSH2.L Omega Ratio Rank: 99
CSH2.L Calmar Ratio Rank: 99
CSH2.L Martin Ratio Rank: 99

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.

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

This table presents a comparison of risk-adjusted performance metrics for Lyxor Euro Stoxx 50 DR UCITS C (MSED.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.

	MSED.L	CSH2.L	Difference
Sharpe ratio: Return per unit of total volatility	1.25	8.05	-6.80
Sortino ratio: Return per unit of downside risk	1.86	15.06	-13.20
Omega ratio: Gain probability vs. loss probability	1.23	4.37	-3.14
Calmar ratio: Return relative to maximum drawdown	1.64	27.66	-26.02
Martin ratio: Return relative to average drawdown	5.56	159.04	-153.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current MSED.L Sharpe Ratio is 1.25, which is lower than the CSH2.L Sharpe Ratio of 8.05. The chart below compares the historical Sharpe Ratios of MSED.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.

Sharpe Ratios by Period

	MSED.L	CSH2.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	8.05	-6.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.15	6.49	-6.64
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	4.68	-4.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	4.62	-4.48

Drawdowns

MSED.L vs. CSH2.L - Drawdown Comparison

The maximum MSED.L drawdown since its inception was -58.05%, 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 MSED.L and CSH2.L.

Drawdown Indicators

	MSED.L	CSH2.L	Difference
Max Drawdown Largest peak-to-trough decline	-58.05%	-0.37%	-57.68%
Max Drawdown (1Y) Largest decline over 1 year	-11.44%	-0.16%	-11.28%
Max Drawdown (3Y) Largest decline over 3 years	-58.05%	-0.29%	-57.76%
Max Drawdown (5Y) Largest decline over 5 years	-58.05%	-0.29%	-57.76%
Max Drawdown (10Y) Largest decline over 10 years	-58.05%	-0.37%	-57.68%
Current Drawdown Current decline from peak	-31.68%	0.00%	-31.68%
Average Drawdown Average peak-to-trough decline	-14.22%	-0.00%	-14.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	0.03%	+3.36%

Volatility

MSED.L vs. CSH2.L - Volatility Comparison

Lyxor Euro Stoxx 50 DR UCITS C (MSED.L) has a higher volatility of 4.83% compared to Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) at 0.08%. This indicates that MSED.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.

Volatility by Period

	MSED.L	CSH2.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.83%	0.08%	+4.75%
Volatility (6M) Calculated over the trailing 6-month period	12.25%	0.25%	+12.00%
Volatility (1Y) Calculated over the trailing 1-year period	15.02%	0.54%	+14.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.62%	0.56%	+29.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.74%	0.44%	+24.30%

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

Both MSED.L and CSH2.L have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

MSED.L vs. CSH2.L - Dividend Comparison

Neither MSED.L nor CSH2.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MSED.L and CSH2.L in my portfolio?

MSED.L and CSH2.L have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSED.L or CSH2.L?

Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSED.L or CSH2.L?

MSED.L and CSH2.L have the same expense ratio: 0.07% per year.

What is the main difference between MSED.L and CSH2.L?

MSED.L is categorized as Europe Equities, while CSH2.L is Money Market.