AYEU.DE vs. CSY9.DE
AYEU.DE (iShares Smart City Infrastructure UCITS ETF USD (Acc)) and CSY9.DE (CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD) are both Global Equities funds - AYEU.DE tracks the STOXX Global Smart City Infrastructure Index while CSY9.DE tracks the MSCI World ESG Leaders Minimum Volatility. Both are passively managed. Over the past year, AYEU.DE returned 22.71% vs 8.87% for CSY9.DE. A 0.54 correlation means they provide meaningful diversification when combined. AYEU.DE charges 0.40%/yr vs 0.25%/yr for CSY9.DE.
Performance
AYEU.DE vs. CSY9.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYEU.DE achieves a 16.81% return, which is significantly higher than CSY9.DE's 6.58% return.
AYEU.DE
- 1D
- 1.09%
- 1M
- -3.25%
- 6M
- 16.81%
- YTD
- 16.81%
- 1Y
- 22.71%
- 3Y*
- 14.16%
- 5Y*
- 9.09%
- 10Y*
- —
CSY9.DE
- 1D
- 0.00%
- 1M
- 3.45%
- 6M
- 7.81%
- YTD
- 6.58%
- 1Y
- 8.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AYEU.DE vs. CSY9.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AYEU.DE iShares Smart City Infrastructure UCITS ETF USD (Acc) | 16.81% | 7.18% | 6.03% |
CSY9.DE CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD | 6.58% | -0.67% | 3.39% |
Correlation
The correlation between AYEU.DE and CSY9.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2024 | 0.54 |
The correlation between AYEU.DE and CSY9.DE shifts across timeframes, from 0.42 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AYEU.DE vs. CSY9.DE — Risk / Return Rank
AYEU.DE
CSY9.DE
AYEU.DE vs. CSY9.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Smart City Infrastructure UCITS ETF USD (Acc) (AYEU.DE) and CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD (CSY9.DE). 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.
| AYEU.DE | CSY9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.19 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 1.99 | +0.84 |
| Martin ratioReturn relative to average drawdown | 9.05 | 5.64 | +3.42 |
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Drawdowns
AYEU.DE vs. CSY9.DE - Drawdown Comparison
The maximum AYEU.DE drawdown since its inception was -22.12%, which is greater than CSY9.DE's maximum drawdown of -13.92%. Use the drawdown chart below to compare losses from any high point for AYEU.DE and CSY9.DE.
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Drawdown Indicators
| AYEU.DE | CSY9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.12% | -13.92% | -8.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -4.48% | -3.52% |
Max Drawdown (3Y)Largest decline over 3 years | -21.76% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | — | — |
Current DrawdownCurrent decline from peak | -3.25% | 0.00% | -3.25% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -4.70% | -1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 1.58% | +0.92% |
Volatility
AYEU.DE vs. CSY9.DE - Volatility Comparison
iShares Smart City Infrastructure UCITS ETF USD (Acc) (AYEU.DE) has a higher volatility of 5.11% compared to CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD (CSY9.DE) at 2.07%. This indicates that AYEU.DE's price experiences larger fluctuations and is considered to be riskier than CSY9.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AYEU.DE | CSY9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 2.07% | +3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 5.58% | +7.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.03% | 8.17% | +7.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 10.91% | +5.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 10.91% | +4.96% |
AYEU.DE vs. CSY9.DE - Expense Ratio Comparison
AYEU.DE has a 0.40% expense ratio, which is higher than CSY9.DE's 0.25% expense ratio.
Dividends
AYEU.DE vs. CSY9.DE - Dividend Comparison
Neither AYEU.DE nor CSY9.DE has paid dividends to shareholders.
Frequently Asked Questions
AYEU.DE and CSY9.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSY9.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSY9.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for AYEU.DE.
AYEU.DE tracks STOXX Global Smart City Infrastructure Index, while CSY9.DE tracks MSCI World ESG Leaders Minimum Volatility. They also come from different issuers: iShares and Credit Suisse. Their fees differ too: 0.40% for AYEU.DE and 0.25% for CSY9.DE.
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