VVMX.DE vs. CSH.PA
VVMX.DE (VanEck Rare Earth and Strategic Metals UCITS ETF A) and CSH.PA (Amundi EUR Overnight Return UCITS ETF Acc) are both exchange-traded funds - VVMX.DE is a Commodity Producers Equities fund tracking the MVIS Global Rare Earth/Strategic Metals, while CSH.PA is a Money Market fund tracking the Solactive Euro Overnight Return Index. Both are passively managed. Over the past 3 years, VVMX.DE returned 3.35%/yr vs 2.96%/yr for CSH.PA. At a correlation of -0.01, they often move in opposite directions. VVMX.DE charges 0.59%/yr vs 0.10%/yr for CSH.PA.
Performance
VVMX.DE vs. CSH.PA - Performance Comparison
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Returns By Period
In the year-to-date period, VVMX.DE achieves a 30.24% return, which is significantly higher than CSH.PA's 0.78% return.
VVMX.DE
- 1D
- -1.82%
- 1M
- -9.18%
- YTD
- 30.24%
- 6M
- 37.51%
- 1Y
- 146.32%
- 3Y*
- 3.35%
- 5Y*
- —
- 10Y*
- —
CSH.PA
- 1D
- 0.01%
- 1M
- 0.14%
- YTD
- 0.78%
- 6M
- 0.94%
- 1Y
- 1.88%
- 3Y*
- 2.96%
- 5Y*
- 1.89%
- 10Y*
- 0.92%
VVMX.DE vs. CSH.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VVMX.DE VanEck Rare Earth and Strategic Metals UCITS ETF A | 30.24% | 68.45% | -30.81% | -21.17% | -26.46% | 16.96% |
CSH.PA Amundi EUR Overnight Return UCITS ETF Acc | 0.78% | 2.25% | 3.69% | 3.22% | -0.06% | -0.19% |
Correlation
The correlation between VVMX.DE and CSH.PA is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | -0.01 |
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Return for Risk
VVMX.DE vs. CSH.PA — Risk / Return Rank
VVMX.DE
CSH.PA
VVMX.DE vs. CSH.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.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.
| VVMX.DE | CSH.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -3.01 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.96 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | 7.59 | 11.24 | -3.65 |
| Martin ratioReturn relative to average drawdown | 19.66 | 57.34 | -37.68 |
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Drawdowns
VVMX.DE vs. CSH.PA - Drawdown Comparison
The maximum VVMX.DE drawdown since its inception was -73.26%, which is greater than CSH.PA's maximum drawdown of -3.73%. Use the drawdown chart below to compare losses from any high point for VVMX.DE and CSH.PA.
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Drawdown Indicators
| VVMX.DE | CSH.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.26% | -3.73% | -69.53% |
Max Drawdown (1Y)Largest decline over 1 year | -20.40% | -0.18% | -20.22% |
Max Drawdown (3Y)Largest decline over 3 years | -61.55% | -0.18% | -61.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -2.26% | — |
Current DrawdownCurrent decline from peak | -25.51% | 0.00% | -25.51% |
Average DrawdownAverage peak-to-trough decline | -41.19% | -1.04% | -40.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.89% | 0.03% | +7.86% |
Volatility
VVMX.DE vs. CSH.PA - Volatility Comparison
VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.DE) has a higher volatility of 12.59% compared to Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) at 0.09%. This indicates that VVMX.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
| VVMX.DE | CSH.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.59% | 0.09% | +12.50% |
Volatility (6M)Calculated over the trailing 6-month period | 32.22% | 0.41% | +31.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.13% | 0.50% | +45.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.36% | 0.35% | +36.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.36% | 0.64% | +35.72% |
VVMX.DE vs. CSH.PA - Expense Ratio Comparison
VVMX.DE has a 0.59% expense ratio, which is higher than CSH.PA's 0.10% expense ratio.
Dividends
VVMX.DE vs. CSH.PA - Dividend Comparison
Neither VVMX.DE nor CSH.PA has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CSH.PA Amundi EUR Overnight Return UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% | 0.05% | 2.60% |
VVMX.DE VanEck Rare Earth and Strategic Metals UCITS ETF A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VVMX.DE and CSH.PA have a correlation of -0.00, 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 0.59% for VVMX.DE.
VVMX.DE is categorized as Commodity Producers Equities, while CSH.PA is Money Market. VVMX.DE tracks MVIS Global Rare Earth/Strategic Metals, while CSH.PA tracks Solactive Euro Overnight Return Index. They also come from different issuers: VanEck and Amundi. Their fees differ too: 0.59% for VVMX.DE and 0.10% for CSH.PA.
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