TDGB.L vs. CSH.PA
TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and CSH.PA (Amundi EUR Overnight Return UCITS ETF Acc) are both exchange-traded funds - TDGB.L is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while CSH.PA is a Money Market fund tracking the Solactive Euro Overnight Return Index. Both are passively managed. Over the past 10 years, TDGB.L returned 10.61%/yr vs 1.90%/yr for CSH.PA. At a 0.06 correlation, their price movements are largely independent. TDGB.L charges 0.38%/yr vs 0.10%/yr for CSH.PA.
Performance
TDGB.L vs. CSH.PA - Performance Comparison
Loading charts...
Different Trading Currencies
TDGB.L is traded in GBP, while CSH.PA is traded in EUR. To make them comparable, the CSH.PA values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, TDGB.L achieves a 10.34% return, which is significantly higher than CSH.PA's -0.01% return. Over the past 10 years, TDGB.L has outperformed CSH.PA with an annualized return of 10.61%, while CSH.PA has yielded a comparatively lower 1.90% annualized return.
TDGB.L
- 1D
- 0.29%
- 1M
- 2.00%
- YTD
- 10.34%
- 6M
- 11.70%
- 1Y
- 29.39%
- 3Y*
- 20.39%
- 5Y*
- 17.98%
- 10Y*
- 10.61%
CSH.PA
- 1D
- 0.09%
- 1M
- -0.00%
- YTD
- -0.01%
- 6M
- -0.55%
- 1Y
- 3.63%
- 3Y*
- 3.09%
- 5Y*
- 2.02%
- 10Y*
- 1.90%
TDGB.L vs. CSH.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 10.34% | 30.90% | 10.66% | 9.04% | 22.49% | 19.59% | -5.61% | 3.88% | -7.98% | 2.87% |
CSH.PA Amundi EUR Overnight Return UCITS ETF Acc | -0.01% | 7.72% | -1.02% | 1.16% | 5.11% | -6.54% | 7.70% | -6.25% | 0.43% | 3.80% |
Correlation
The correlation between TDGB.L and CSH.PA is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.06 |
The correlation between TDGB.L and CSH.PA shifts across timeframes, from 0.06 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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
TDGB.L vs. CSH.PA — Risk / Return Rank
TDGB.L
CSH.PA
TDGB.L vs. CSH.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) 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.
| TDGB.L | CSH.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.21 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 6.28 | 2.37 | +3.91 |
| Martin ratioReturn relative to average drawdown | 20.78 | 5.18 | +15.60 |
Loading charts...
Drawdowns
TDGB.L vs. CSH.PA - Drawdown Comparison
The maximum TDGB.L drawdown since its inception was -32.94%, which is greater than CSH.PA's maximum drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for TDGB.L and CSH.PA.
Loading charts...
Drawdown Indicators
| TDGB.L | CSH.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.94% | -27.56% | -5.38% |
Max Drawdown (1Y)Largest decline over 1 year | -4.66% | -1.96% | -2.70% |
Max Drawdown (3Y)Largest decline over 3 years | -12.42% | -3.28% | -9.14% |
Max Drawdown (5Y)Largest decline over 5 years | -12.42% | -4.89% | -7.53% |
Max Drawdown (10Y)Largest decline over 10 years | -32.94% | -11.66% | -21.28% |
Current DrawdownCurrent decline from peak | -0.18% | -1.30% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -4.93% | -10.49% | +5.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 0.90% | +0.51% |
Volatility
TDGB.L vs. CSH.PA - Volatility Comparison
VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) has a higher volatility of 2.06% compared to Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) at 1.04%. This indicates that TDGB.L'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.
Loading charts...
Volatility by Period
| TDGB.L | CSH.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.06% | 1.04% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 7.06% | 2.65% | +4.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.31% | 4.01% | +5.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.44% | 5.37% | +6.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.76% | 7.11% | +6.65% |
TDGB.L vs. CSH.PA - Expense Ratio Comparison
TDGB.L has a 0.38% expense ratio, which is higher than CSH.PA's 0.10% expense ratio.
Dividends
TDGB.L vs. CSH.PA - Dividend Comparison
TDGB.L's dividend yield for the trailing twelve months is around 3.16%, while CSH.PA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CSH.PA Amundi EUR Overnight Return UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% | 0.05% | 2.60% | 0.00% | 0.00% | 0.00% |
TDGB.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.16% | 3.50% | 4.26% | 4.93% | 4.40% | 4.06% | 4.16% | 4.52% | 4.38% | 3.48% |
Frequently Asked Questions
TDGB.L and CSH.PA have a correlation of 0.22, 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 0.38% for TDGB.L.
TDGB.L is categorized as Global Equities, while CSH.PA is Money Market. TDGB.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while CSH.PA tracks Solactive Euro Overnight Return Index. They also come from different issuers: VanEck and Amundi. Their fees differ too: 0.38% for TDGB.L and 0.10% for CSH.PA.
Find the right allocation for TDGB.L and CSH.PA
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