Collingwood led England for just 24 one-day internationals
Paul Collingwood said his failure to cope with the demands of being England one-day captain left him with no choice but to step down from the position.
The Durham all-rounder, who is banned from England's next three one-day matches for his team's slow over rate, succeeded Michael Vaughan in June 2007.
"I've found the extra workload to be very difficult," said Collingwood.
"I feel the captaincy diminished my ability to perform for England across all forms of the game."
Collingwood took over from Vaughan after England's dismal showing at the 2007 World Cup in the Caribbean.
The 32-year-old won his first match in charge, against West Indies at Lord's in July that year, but England lost the series 2-1.
Impressive series wins at home to India and away to Sri Lanka followed but then England were beaten away and home by New Zealand.
Collingwood has failed to score a one-day century since taking over the captaincy and, after being dropped from the Test side after the defeat by South Africa at Headingley, described 2008 as "the worst year of my career".
I feel the England captaincy impacted on my ability to enjoy my cricket and contribute to the team
He was handed a four-match ban in limited-overs games because of England's slow over-rate in the penultimate match of the home one-day series against New Zealand.
"I've made the decision to step down as England's one-day captain as I want to give myself the best chance to perform for England and enjoy my cricket," said Collingwood, who returned to the Test side with a fine century in the defeat at Edgbaston.
"Whilst I am humbled to have been given the opportunity to captain England's one-day side, I feel the England captaincy impacted on my ability to enjoy my cricket and contribute to the team.
"The last thing I want is for the captaincy to impact my performance and that of the teams which is why I've arrived at this decision after a huge amount of consideration.
"I will continue to make myself available to England for all forms of cricket and look forward to playing a significant role in England's future success."
Collingwood, who went 25 Test innings without making a century before Edgbaston, admitted his decision was not a knee-jerk reaction.
He tendered his resignation to Hugh Morris, the Managing Director of the England and Wales Cricket Board, about half an hour after Vaughan had done the same on Saturday evening.
"It's something I've been thinking about for some time and really it was Thursday night, the night before I made the century, and that's when I told the wife and I knew it was time to go," said Collingwood.
"The last two or three months have been some of the hardest situations I've ever come across as a professional sportsman."
"It's mentally tiring and that's the top and bottom of it. I want to have a smile on my face when I'm playing cricket and if I'd have kept going I'm not sure that would have been the case."