PRIG.L vs. CSH2.L

Last updated Jun 4, 2026

PRIG.L (Amundi Prime Global Govies UCITS ETF DR (D)) and CSH2.L (Lyxor Smart Overnight Return UCITS ETF C-GBP) are both exchange-traded funds - PRIG.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD, while CSH2.L is a Money Market fund actively managed by Amundi. PRIG.L is passively managed, while CSH2.L is actively managed. Over the past 5 years, PRIG.L returned -2.20%/yr vs 3.65%/yr for CSH2.L. At a 0.02 correlation, their price movements are largely independent. PRIG.L charges 0.05%/yr vs 0.07%/yr for CSH2.L.

Performance

PRIG.L vs. CSH2.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi Prime Global Govies UCITS ETF DR (D) (PRIG.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, PRIG.L achieves a -0.94% return, which is significantly lower than CSH2.L's 1.71% return.

PRIG.L

• 1D: -0.02%
• 1M: 0.59%
• YTD: -0.94%
• 6M: -1.58%
• 1Y: 1.28%
• 3Y*: -0.67%
• 5Y*: -2.20%
• 10Y*: —

CSH2.L

• 1D: 0.01%
• 1M: 0.35%
• YTD: 1.71%
• 6M: 2.09%
• 1Y: 4.37%
• 3Y*: 4.99%
• 5Y*: 3.65%
• 10Y*: 2.07%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PRIG.L Amundi Prime Global Govies UCITS ETF DR (D)	-0.94%	-0.19%	-1.79%	-1.09%	-8.28%	-5.90%	5.97%	6.26%
CSH2.L Lyxor Smart Overnight Return UCITS ETF C-GBP	1.71%	4.67%	5.61%	4.72%	1.54%	0.13%	0.30%	0.66%

Correlation

The correlation between PRIG.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	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (All Time) Calculated using the full available price history since Mar 15, 2019	0.02

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

Sectors	PRIG.L	CSH2.L
Technology	86.2%	35.9%
Healthcare	7.7%	11.3%
Communication Services	3.5%	13.9%
Financial Services	2.6%	10.4%
Basic Materials	-	1.0%
Consumer Cyclical	-	13.9%
Consumer Defensive	-	4.9%
Energy	-	1.4%
Industrials	-	6.3%
Real Estate	-	0.0%
Utilities	-	1.1%

Return for Risk

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

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

PRIG.L

PRIG.L Risk / Return Rank: 12
PRIG.L Sharpe Ratio Rank: 13
PRIG.L Sortino Ratio Rank: 12
PRIG.L Omega Ratio Rank: 11
PRIG.L Calmar Ratio Rank: 12
PRIG.L Martin Ratio Rank: 12

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.

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

This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Global Govies UCITS ETF DR (D) (PRIG.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.

	PRIG.L	CSH2.L	Difference
Sharpe ratio: Return per unit of total volatility	0.26	8.04	-7.78
Sortino ratio: Return per unit of downside risk	0.43	15.04	-14.61
Omega ratio: Gain probability vs. loss probability	1.05	4.37	-3.32
Calmar ratio: Return relative to maximum drawdown	0.29	27.61	-27.33
Martin ratio: Return relative to average drawdown	0.55	158.77	-158.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current PRIG.L Sharpe Ratio is 0.26, which is lower than the CSH2.L Sharpe Ratio of 8.04. The chart below compares the historical Sharpe Ratios of PRIG.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

	PRIG.L	CSH2.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.26	8.04	-7.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.31	6.48	-6.79
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	4.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.12	4.61	-4.74

Drawdowns

PRIG.L vs. CSH2.L - Drawdown Comparison

The maximum PRIG.L drawdown since its inception was -26.02%, 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 PRIG.L and CSH2.L.

Drawdown Indicators

	PRIG.L	CSH2.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.02%	-0.37%	-25.65%
Max Drawdown (1Y) Largest decline over 1 year	-4.46%	-0.16%	-4.30%
Max Drawdown (3Y) Largest decline over 3 years	-5.35%	-0.29%	-5.06%
Max Drawdown (5Y) Largest decline over 5 years	-17.03%	-0.29%	-16.74%
Max Drawdown (10Y) Largest decline over 10 years	—	-0.37%	—
Current Drawdown Current decline from peak	-23.89%	0.00%	-23.89%
Average Drawdown Average peak-to-trough decline	-16.42%	-0.00%	-16.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	0.03%	+2.28%

Volatility

PRIG.L vs. CSH2.L - Volatility Comparison

Amundi Prime Global Govies UCITS ETF DR (D) (PRIG.L) has a higher volatility of 1.34% compared to Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) at 0.08%. This indicates that PRIG.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

	PRIG.L	CSH2.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.34%	0.08%	+1.26%
Volatility (6M) Calculated over the trailing 6-month period	3.53%	0.25%	+3.28%
Volatility (1Y) Calculated over the trailing 1-year period	4.87%	0.54%	+4.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.13%	0.56%	+6.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.76%	0.44%	+7.32%

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

PRIG.L has a 0.05% expense ratio, which is lower than CSH2.L's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

PRIG.L vs. CSH2.L - Dividend Comparison

PRIG.L's dividend yield for the trailing twelve months is around 2.99%, while CSH2.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%
PRIG.L Amundi Prime Global Govies UCITS ETF DR (D)	2.99%	2.96%	2.31%	1.97%	1.72%	1.50%	1.75%	1.23%

Frequently Asked Questions

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

PRIG.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.

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

On fees, PRIG.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

PRIG.L is cheaper with a 0.05% expense ratio, compared with 0.07% for CSH2.L.

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

PRIG.L is categorized as Global Bonds, while CSH2.L is Money Market. Their fees differ too: 0.05% for PRIG.L and 0.07% for CSH2.L.