CSY2.DE vs. CSYZ.DE

Last updated Jun 5, 2026

CSY2.DE (CSIF (IE) MSCI USA ESG Leaders Blue UCITS ETF B USD) and CSYZ.DE (CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD) are both exchange-traded funds - CSY2.DE is a Large Cap Blend Equities fund tracking the MSCI USA ESG Leaders, while CSYZ.DE is a REIT fund tracking the FTSE EPRA Nareit Developed Green. Both are passively managed. Over the past 5 years, CSY2.DE returned 14.65%/yr vs 0.05%/yr for CSYZ.DE. A 0.56 correlation means they provide meaningful diversification when combined. CSY2.DE charges 0.10%/yr vs 0.25%/yr for CSYZ.DE.

Performance

CSY2.DE vs. CSYZ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in CSIF (IE) MSCI USA ESG Leaders Blue UCITS ETF B USD (CSY2.DE) and CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD (CSYZ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSY2.DE achieves a 10.74% return, which is significantly higher than CSYZ.DE's 7.36% return.

CSY2.DE

• 1D: 0.76%
• 1M: 5.76%
• YTD: 10.74%
• 6M: 11.43%
• 1Y: 26.36%
• 3Y*: 19.25%
• 5Y*: 14.65%
• 10Y*: —

CSYZ.DE

• 1D: 0.21%
• 1M: -0.49%
• YTD: 7.36%
• 6M: 6.96%
• 1Y: 6.45%
• 3Y*: 3.23%
• 5Y*: 0.05%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CSY2.DE vs. CSYZ.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CSY2.DE CSIF (IE) MSCI USA ESG Leaders Blue UCITS ETF B USD	10.74%	6.30%	30.42%	25.14%	-16.59%	44.53%	11.98%
CSYZ.DE CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD	7.36%	-5.02%	2.47%	4.08%	-19.53%	36.67%	5.48%

Correlation

The correlation between CSY2.DE and CSYZ.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020	0.56

The correlation between CSY2.DE and CSYZ.DE shifts across timeframes, from 0.39 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CSY2.DE vs. CSYZ.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CSY2.DE

CSY2.DE Risk / Return Rank: 61
CSY2.DE Sharpe Ratio Rank: 64
CSY2.DE Sortino Ratio Rank: 62
CSY2.DE Omega Ratio Rank: 63
CSY2.DE Calmar Ratio Rank: 59
CSY2.DE Martin Ratio Rank: 58

CSYZ.DE

CSYZ.DE Risk / Return Rank: 19
CSYZ.DE Sharpe Ratio Rank: 19
CSYZ.DE Sortino Ratio Rank: 18
CSYZ.DE Omega Ratio Rank: 17
CSYZ.DE Calmar Ratio Rank: 19
CSYZ.DE Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CSY2.DE vs. CSYZ.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CSIF (IE) MSCI USA ESG Leaders Blue UCITS ETF B USD (CSY2.DE) and CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD (CSYZ.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.

	CSY2.DE	CSYZ.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.10	0.57	+1.53
Sortino ratio: Return per unit of downside risk	2.86	0.87	+1.99
Omega ratio: Gain probability vs. loss probability	1.38	1.10	+0.27
Calmar ratio: Return relative to maximum drawdown	2.87	0.80	+2.07
Martin ratio: Return relative to average drawdown	10.08	2.28	+7.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSY2.DE vs. CSYZ.DE - Sharpe Ratio Comparison

The current CSY2.DE Sharpe Ratio is 2.10, which is higher than the CSYZ.DE Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of CSY2.DE and CSYZ.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CSY2.DE	CSYZ.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	0.57	+1.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.00	+0.89
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	0.26	+0.92

Drawdowns

CSY2.DE vs. CSYZ.DE - Drawdown Comparison

The maximum CSY2.DE drawdown since its inception was -24.56%, smaller than the maximum CSYZ.DE drawdown of -31.21%. Use the drawdown chart below to compare losses from any high point for CSY2.DE and CSYZ.DE.

Drawdown Indicators

	CSY2.DE	CSYZ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-24.56%	-31.21%	+6.65%
Max Drawdown (1Y) Largest decline over 1 year	-9.14%	-8.07%	-1.07%
Max Drawdown (3Y) Largest decline over 3 years	-24.56%	-20.14%	-4.42%
Max Drawdown (5Y) Largest decline over 5 years	-24.56%	-31.21%	+6.65%
Current Drawdown Current decline from peak	-0.02%	-15.10%	+15.08%
Average Drawdown Average peak-to-trough decline	-4.64%	-13.84%	+9.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	2.82%	-0.21%

Volatility

CSY2.DE vs. CSYZ.DE - Volatility Comparison

CSIF (IE) MSCI USA ESG Leaders Blue UCITS ETF B USD (CSY2.DE) has a higher volatility of 3.21% compared to CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD (CSYZ.DE) at 2.84%. This indicates that CSY2.DE's price experiences larger fluctuations and is considered to be riskier than CSYZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSY2.DE	CSYZ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.21%	2.84%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	8.56%	8.54%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	12.52%	11.29%	+1.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.24%	15.03%	+1.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.19%	15.22%	+1.97%

CSY2.DE vs. CSYZ.DE - Expense Ratio Comparison

CSY2.DE has a 0.10% expense ratio, which is lower than CSYZ.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

CSY2.DE vs. CSYZ.DE - Dividend Comparison

CSY2.DE has not paid dividends to shareholders, while CSYZ.DE's dividend yield for the trailing twelve months is around 1.01%.

Position	TTM	2025	2024	2023	2022	2021
CSY2.DE CSIF (IE) MSCI USA ESG Leaders Blue UCITS ETF B USD	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CSYZ.DE CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD	1.01%	1.32%	0.00%	0.76%	3.39%	0.21%

Frequently Asked Questions

Can I hold both CSY2.DE and CSYZ.DE in my portfolio?

CSY2.DE and CSYZ.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CSY2.DE or CSYZ.DE?

On fees, CSY2.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CSY2.DE or CSYZ.DE?

CSY2.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for CSYZ.DE.

What is the main difference between CSY2.DE and CSYZ.DE?

CSY2.DE is categorized as Large Cap Blend Equities, while CSYZ.DE is REIT. CSY2.DE tracks MSCI USA ESG Leaders, while CSYZ.DE tracks FTSE EPRA Nareit Developed Green. Their fees differ too: 0.10% for CSY2.DE and 0.25% for CSYZ.DE.