NQSE.DE vs. CSH.PA
NQSE.DE (iShares NASDAQ 100 UCITS ETF) and CSH.PA (Amundi EUR Overnight Return UCITS ETF Acc) are both exchange-traded funds - NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while CSH.PA is a Money Market fund tracking the Solactive Euro Overnight Return Index. Both are passively managed. Over the past 5 years, NQSE.DE returned 11.89%/yr vs 1.94%/yr for CSH.PA. At a correlation of -0.01, they often move in opposite directions. NQSE.DE charges 0.33%/yr vs 0.10%/yr for CSH.PA.
Performance
NQSE.DE vs. CSH.PA - Performance Comparison
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Returns By Period
In the year-to-date period, NQSE.DE achieves a 10.53% return, which is significantly higher than CSH.PA's 1.05% return.
NQSE.DE
- 1D
- -2.24%
- 1M
- -5.74%
- 6M
- 10.53%
- YTD
- 10.53%
- 1Y
- 21.18%
- 3Y*
- 20.13%
- 5Y*
- 11.89%
- 10Y*
- —
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%
NQSE.DE vs. CSH.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NQSE.DE iShares NASDAQ 100 UCITS ETF | 10.53% | 18.19% | 24.02% | 52.15% | -36.27% | 27.38% | 45.18% | 35.63% | -15.97% |
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% | -0.17% |
Correlation
The correlation between NQSE.DE and CSH.PA is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2018 | -0.01 |
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Return for Risk
NQSE.DE vs. CSH.PA — Risk / Return Rank
NQSE.DE
CSH.PA
NQSE.DE vs. CSH.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (NQSE.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.
| NQSE.DE | CSH.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.86 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 5.77 | -3.99 |
| Martin ratioReturn relative to average drawdown | 5.78 | 34.47 | -28.68 |
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Drawdowns
NQSE.DE vs. CSH.PA - Drawdown Comparison
The maximum NQSE.DE drawdown since its inception was -37.62%, 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 NQSE.DE and CSH.PA.
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Drawdown Indicators
| NQSE.DE | CSH.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.62% | -5.07% | -32.55% |
Max Drawdown (1Y)Largest decline over 1 year | -11.88% | -0.35% | -11.53% |
Max Drawdown (3Y)Largest decline over 3 years | -22.41% | -0.35% | -22.06% |
Max Drawdown (5Y)Largest decline over 5 years | -37.62% | -0.75% | -36.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.57% | — |
Current DrawdownCurrent decline from peak | -6.95% | -0.32% | -6.63% |
Average DrawdownAverage peak-to-trough decline | -8.49% | -1.51% | -6.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 0.06% | +3.61% |
Volatility
NQSE.DE vs. CSH.PA - Volatility Comparison
iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a higher volatility of 6.20% compared to Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) at 0.53%. This indicates that NQSE.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
| NQSE.DE | CSH.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 0.53% | +5.67% |
Volatility (6M)Calculated over the trailing 6-month period | 13.90% | 0.65% | +13.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.71% | 0.71% | +17.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.19% | 0.42% | +20.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.60% | 0.32% | +21.28% |
NQSE.DE vs. CSH.PA - Expense Ratio Comparison
NQSE.DE has a 0.33% expense ratio, which is higher than CSH.PA's 0.10% expense ratio.
Dividends
NQSE.DE vs. CSH.PA - Dividend Comparison
Neither NQSE.DE nor CSH.PA has paid dividends to shareholders.
Frequently Asked Questions
NQSE.DE and CSH.PA have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSH.PA is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSH.PA is cheaper with a 0.10% expense ratio, compared with 0.33% for NQSE.DE.
NQSE.DE is categorized as Nasdaq-100, while CSH.PA is Money Market. NQSE.DE tracks NASDAQ-100 Index, while CSH.PA tracks Solactive Euro Overnight Return Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.33% for NQSE.DE and 0.10% for CSH.PA.
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