XEC1.DE vs. CSH2.L
XEC1.DE (Xtrackers II EUR Corporate Bond UCITS ETF) and CSH2.L (Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc) are both exchange-traded funds - XEC1.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond, while CSH2.L is a Money Market fund tracking the SONIA Compounded (GBP Hedged). Both are passively managed. Over the past 3 years, XEC1.DE returned 4.27%/yr vs 5.60%/yr for CSH2.L. At a 0.15 correlation, their price movements are largely independent. XEC1.DE charges 0.12%/yr vs 0.10%/yr for CSH2.L.
Performance
XEC1.DE vs. CSH2.L - Performance Comparison
Loading charts...
Different Trading Currencies
XEC1.DE is traded in EUR, while CSH2.L is traded in GBp. To make them comparable, the CSH2.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XEC1.DE achieves a 0.42% return, which is significantly lower than CSH2.L's 5.02% return.
XEC1.DE
- 1D
- 0.00%
- 1M
- -0.36%
- 6M
- -0.00%
- YTD
- 0.42%
- 1Y
- 1.28%
- 3Y*
- 4.27%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.63%
CSH2.L
- 1D
- 0.09%
- 1M
- 2.33%
- 6M
- 4.19%
- YTD
- 5.02%
- 1Y
- 6.40%
- 3Y*
- 5.60%
- 5Y*
- 4.02%
- 10Y*
- 1.97%
- ALL TIME*
- 0.46%
XEC1.DE vs. CSH2.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XEC1.DE Xtrackers II EUR Corporate Bond UCITS ETF | 0.42% | 3.01% | 4.27% | 7.53% | -13.41% | 17.99% |
CSH2.L Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc | 5.02% | -0.79% | 10.71% | 6.94% | -3.70% | 1.15% |
Correlation
The correlation between XEC1.DE and CSH2.L is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | 0.15 |
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
XEC1.DE vs. CSH2.L — Risk / Return Rank
XEC1.DE
CSH2.L
XEC1.DE vs. CSH2.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II EUR Corporate Bond UCITS ETF (XEC1.DE) 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.
| XEC1.DE | CSH2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.31 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 4.42 | -3.94 |
| Martin ratioReturn relative to average drawdown | 1.60 | 11.29 | -9.69 |
Loading charts...
Drawdowns
XEC1.DE vs. CSH2.L - Drawdown Comparison
The maximum XEC1.DE drawdown since its inception was -16.37%, smaller than the maximum CSH2.L drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for XEC1.DE and CSH2.L.
Loading charts...
Drawdown Indicators
| XEC1.DE | CSH2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.37% | -24.26% | +7.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -1.44% | -1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -2.66% | -4.44% | +1.78% |
Max Drawdown (5Y)Largest decline over 5 years | — | -7.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.59% | — |
Current DrawdownCurrent decline from peak | -0.94% | -0.34% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -6.48% | -13.70% | +7.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.57% | +0.23% |
Volatility
XEC1.DE vs. CSH2.L - Volatility Comparison
The current volatility for Xtrackers II EUR Corporate Bond UCITS ETF (XEC1.DE) is 0.77%, while Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc (CSH2.L) has a volatility of 1.11%. This indicates that XEC1.DE experiences smaller price fluctuations and is considered to be less risky than CSH2.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XEC1.DE | CSH2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 1.11% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 2.61% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.17% | 3.89% | -0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.63% | 5.42% | +4.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.63% | 6.69% | +2.94% |
XEC1.DE vs. CSH2.L - Expense Ratio Comparison
XEC1.DE has a 0.12% expense ratio, which is higher than CSH2.L's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XEC1.DE vs. CSH2.L - Dividend Comparison
XEC1.DE's dividend yield for the trailing twelve months is around 2.71%, while CSH2.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CSH2.L Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEC1.DE Xtrackers II EUR Corporate Bond UCITS ETF | 2.71% | 2.50% | 2.68% | 1.77% | 1.08% |
Frequently Asked Questions
XEC1.DE and CSH2.L have a correlation of 0.06, 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 0.12% for XEC1.DE.
XEC1.DE is categorized as European Corporate Bonds, while CSH2.L is Money Market. XEC1.DE tracks Bloomberg Euro Corporate Bond, while CSH2.L tracks SONIA Compounded (GBP Hedged). They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.12% for XEC1.DE and 0.10% for CSH2.L.
Find the right allocation for XEC1.DE and CSH2.L
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