U10C.L vs. CSH2.L
U10C.L (Amundi US Treasury Bond 10+Y UCITS ETF Acc) and CSH2.L (Lyxor Smart Overnight Return UCITS ETF C-GBP) are both exchange-traded funds - U10C.L is a Government Bonds fund tracking the Bloomberg US Long Treasury Index, while CSH2.L is a Money Market fund actively managed by Amundi. U10C.L is passively managed, while CSH2.L is actively managed. Over the past 3 years, U10C.L returned -0.64%/yr vs 7.71%/yr for CSH2.L. At a 0.16 correlation, their price movements are largely independent. U10C.L charges 0.06%/yr vs 0.07%/yr for CSH2.L.
Performance
U10C.L vs. CSH2.L - Performance Comparison
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Different Trading Currencies
U10C.L 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, U10C.L achieves a -1.06% return, which is significantly lower than CSH2.L's 1.49% return.
U10C.L
- 1D
- 0.35%
- 1M
- 0.63%
- YTD
- -1.06%
- 6M
- -0.98%
- 1Y
- 4.22%
- 3Y*
- -0.64%
- 5Y*
- —
- 10Y*
- —
CSH2.L
- 1D
- 0.08%
- 1M
- -0.49%
- YTD
- 1.49%
- 6M
- 2.83%
- 1Y
- 3.38%
- 3Y*
- 7.71%
- 5Y*
- 2.57%
- 10Y*
- 1.33%
U10C.L vs. CSH2.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
U10C.L Amundi US Treasury Bond 10+Y UCITS ETF Acc | -1.06% | 5.51% | -5.71% | 2.61% | -28.28% | -1.82% |
CSH2.L Lyxor Smart Overnight Return UCITS ETF C-GBP | 1.49% | 12.57% | 3.85% | 10.24% | -9.32% | -1.81% |
Correlation
The correlation between U10C.L and CSH2.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2021 | 0.16 |
The correlation between U10C.L and CSH2.L shifts across timeframes, from 0.16 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
U10C.L vs. CSH2.L — Risk / Return Rank
U10C.L
CSH2.L
U10C.L vs. CSH2.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi US Treasury Bond 10+Y UCITS ETF Acc (U10C.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.
| U10C.L | CSH2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.09 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 0.82 | -0.22 |
| Martin ratioReturn relative to average drawdown | 1.59 | 1.79 | -0.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| U10C.L | CSH2.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 0.51 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.30 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.50 | 0.07 | -0.57 |
Drawdowns
U10C.L vs. CSH2.L - Drawdown Comparison
The maximum U10C.L drawdown since its inception was -40.18%, 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 U10C.L and CSH2.L.
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Drawdown Indicators
| U10C.L | CSH2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.18% | -29.83% | -10.35% |
Max Drawdown (1Y)Largest decline over 1 year | -6.99% | -4.11% | -2.88% |
Max Drawdown (3Y)Largest decline over 3 years | -17.05% | -7.81% | -9.24% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.51% | — |
Current DrawdownCurrent decline from peak | -30.22% | -1.62% | -28.60% |
Average DrawdownAverage peak-to-trough decline | -27.31% | -12.73% | -14.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 1.88% | +0.77% |
Volatility
U10C.L vs. CSH2.L - Volatility Comparison
Amundi US Treasury Bond 10+Y UCITS ETF Acc (U10C.L) has a higher volatility of 3.14% compared to Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) at 1.81%. This indicates that U10C.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.
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Volatility by Period
| U10C.L | CSH2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 1.81% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 6.07% | 4.94% | +1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.82% | 6.62% | +2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.98% | 8.55% | +5.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.98% | 9.36% | +4.62% |
U10C.L vs. CSH2.L - Expense Ratio Comparison
U10C.L has a 0.06% 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
U10C.L vs. CSH2.L - Dividend Comparison
Neither U10C.L nor CSH2.L has paid dividends to shareholders.
Frequently Asked Questions
U10C.L and CSH2.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, U10C.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
U10C.L is cheaper with a 0.06% expense ratio, compared with 0.07% for CSH2.L.
U10C.L is categorized as Government Bonds, while CSH2.L is Money Market. Their fees differ too: 0.06% for U10C.L and 0.07% for CSH2.L.
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