WINC.AS vs. CSH2.L
WINC.AS (iShares World Equity High Income UCITS ETF USD Inc) and CSH2.L (Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc) are both exchange-traded funds - WINC.AS is a Global Equity Income fund actively managed by iShares, while CSH2.L is a Money Market fund tracking the SONIA Compounded (GBP Hedged). WINC.AS is actively managed, while CSH2.L is passively managed. Over the past year, WINC.AS returned 20.24% vs 0.82% for CSH2.L. At a 0.24 correlation, their price movements are largely independent. WINC.AS charges 0.35%/yr vs 0.10%/yr for CSH2.L.
Performance
WINC.AS vs. CSH2.L - Performance Comparison
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Different Trading Currencies
WINC.AS 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, WINC.AS achieves a 7.31% return, which is significantly higher than CSH2.L's 0.42% return.
WINC.AS
- 1D
- 0.00%
- 1M
- -1.00%
- YTD
- 7.31%
- 6M
- 7.78%
- 1Y
- 20.24%
- 3Y*
- —
- 5Y*
- —
- 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%
WINC.AS vs. CSH2.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WINC.AS iShares World Equity High Income UCITS ETF USD Inc | 7.31% | 21.56% | 8.10% |
CSH2.L Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc | 0.42% | 12.57% | 3.28% |
Correlation
The correlation between WINC.AS and CSH2.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | 0.24 |
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Return for Risk
WINC.AS vs. CSH2.L — Risk / Return Rank
WINC.AS
CSH2.L
WINC.AS vs. CSH2.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares World Equity High Income UCITS ETF USD Inc (WINC.AS) 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.
| WINC.AS | CSH2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.03 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 0.20 | +2.75 |
| Martin ratioReturn relative to average drawdown | 12.16 | 0.41 | +11.75 |
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Drawdowns
WINC.AS vs. CSH2.L - Drawdown Comparison
The maximum WINC.AS drawdown since its inception was -14.81%, smaller than the maximum CSH2.L drawdown of -29.83%. Use the drawdown chart below to compare losses from any high point for WINC.AS and CSH2.L.
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Drawdown Indicators
| WINC.AS | CSH2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.81% | -29.83% | +15.02% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -4.11% | -2.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.77% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.10% | — |
Current DrawdownCurrent decline from peak | -2.10% | -2.66% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -1.47% | -12.65% | +11.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.98% | -0.33% |
Volatility
WINC.AS vs. CSH2.L - Volatility Comparison
iShares World Equity High Income UCITS ETF USD Inc (WINC.AS) has a higher volatility of 3.62% compared to Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc (CSH2.L) at 1.72%. This indicates that WINC.AS'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
| WINC.AS | CSH2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 1.72% | +1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 8.78% | 4.96% | +3.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.79% | 6.59% | +4.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.60% | 8.55% | +4.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.60% | 8.88% | +3.72% |
WINC.AS vs. CSH2.L - Expense Ratio Comparison
WINC.AS has a 0.35% expense ratio, which is higher than CSH2.L's 0.10% expense ratio.
Dividends
WINC.AS vs. CSH2.L - Dividend Comparison
WINC.AS's dividend yield for the trailing twelve months is around 9.78%, while CSH2.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CSH2.L Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc | 0.00% | 0.00% | 0.00% |
WINC.AS iShares World Equity High Income UCITS ETF USD Inc | 9.78% | 9.38% | 4.88% |
Frequently Asked Questions
WINC.AS and CSH2.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSH2.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSH2.L is cheaper with a 0.10% expense ratio, compared with 0.35% for WINC.AS.
WINC.AS is categorized as Global Equity Income, while CSH2.L is Money Market. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.35% for WINC.AS and 0.10% for CSH2.L.
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