OWL vs. CSH2.L
OWL (Blue Owl Capital Inc.) is a stock, while CSH2.L (Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc) is Money Market fund tracking the SONIA Compounded (GBP Hedged). Over the past 5 years, OWL returned -3.88%/yr vs 2.82%/yr for CSH2.L. At a 0.21 correlation, their price movements are largely independent.
Performance
OWL vs. CSH2.L - Performance Comparison
Loading charts...
Different Trading Currencies
OWL 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, OWL achieves a -40.47% return, which is significantly lower than CSH2.L's 0.42% return.
OWL
- 1D
- -0.58%
- 1M
- -17.12%
- YTD
- -40.47%
- 6M
- -41.68%
- 1Y
- -53.07%
- 3Y*
- -5.39%
- 5Y*
- -3.88%
- 10Y*
- —
CSH2.L
- 1D
- 0.46%
- 1M
- -1.18%
- YTD
- 0.42%
- 6M
- 0.09%
- 1Y
- 0.82%
- 3Y*
- 6.47%
- 5Y*
- 2.82%
- 10Y*
- 2.10%
OWL vs. CSH2.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
OWL Blue Owl Capital Inc. | -40.47% | -32.83% | 61.76% | 47.40% | -26.29% | 32.18% | 5.86% |
CSH2.L Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc | 0.42% | 12.57% | 3.85% | 10.24% | -9.32% | -0.78% | 3.32% |
Correlation
The correlation between OWL and CSH2.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2020 | 0.21 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
OWL vs. CSH2.L — Risk / Return Rank
OWL
CSH2.L
OWL vs. CSH2.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blue Owl Capital Inc. (OWL) and Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc (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.
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.
| OWL | CSH2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.03 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 0.20 | -1.11 |
| Martin ratioReturn relative to average drawdown | -1.52 | 0.41 | -1.93 |
Loading charts...
Drawdowns
OWL vs. CSH2.L - Drawdown Comparison
The maximum OWL drawdown since its inception was -67.10%, 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 OWL and CSH2.L.
Loading charts...
Drawdown Indicators
| OWL | CSH2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.10% | -29.83% | -37.27% |
Max Drawdown (1Y)Largest decline over 1 year | -58.59% | -4.11% | -54.48% |
Max Drawdown (3Y)Largest decline over 3 years | -67.10% | -7.81% | -59.29% |
Max Drawdown (5Y)Largest decline over 5 years | -67.10% | -22.77% | -44.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.10% | — |
Current DrawdownCurrent decline from peak | -65.14% | -2.66% | -62.48% |
Average DrawdownAverage peak-to-trough decline | -24.41% | -12.65% | -11.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.05% | 1.98% | +33.07% |
Volatility
OWL vs. CSH2.L - Volatility Comparison
Blue Owl Capital Inc. (OWL) has a higher volatility of 13.41% compared to Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc (CSH2.L) at 1.72%. This indicates that OWL'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.
Loading charts...
Volatility by Period
| OWL | CSH2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.41% | 1.72% | +11.69% |
Volatility (6M)Calculated over the trailing 6-month period | 34.97% | 4.96% | +30.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.46% | 6.59% | +37.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.07% | 8.55% | +33.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.76% | 8.88% | +33.88% |
Dividends
OWL vs. CSH2.L - Dividend Comparison
OWL's dividend yield for the trailing twelve months is around 10.62%, while CSH2.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CSH2.L Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OWL Blue Owl Capital Inc. | 10.62% | 5.72% | 2.92% | 3.69% | 4.06% | 0.87% |
Frequently Asked Questions
OWL and CSH2.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for OWL and CSH2.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer