CSY2.DE vs. ETLS.DE
CSY2.DE (CSIF (IE) MSCI USA ESG Leaders Blue UCITS ETF B USD) and ETLS.DE (L&G US Equity UCITS ETF) are both Large Cap Blend Equities funds - CSY2.DE tracks the MSCI USA ESG Leaders while ETLS.DE tracks the Solactive Core United States Large & Mid Cap. Both are passively managed. Over the past 5 years, CSY2.DE returned 14.65%/yr vs 14.64%/yr for ETLS.DE. Their correlation of 0.92 suggests significant overlap in exposure. CSY2.DE charges 0.10%/yr vs 0.05%/yr for ETLS.DE.
Performance
CSY2.DE vs. ETLS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CSY2.DE achieves a 10.74% return, which is significantly lower than ETLS.DE's 11.28% return.
CSY2.DE
- 1D
- 0.76%
- 1M
- 4.06%
- YTD
- 10.74%
- 6M
- 10.74%
- 1Y
- 26.29%
- 3Y*
- 19.25%
- 5Y*
- 14.65%
- 10Y*
- —
ETLS.DE
- 1D
- -0.11%
- 1M
- 4.61%
- YTD
- 11.28%
- 6M
- 10.60%
- 1Y
- 25.37%
- 3Y*
- 19.26%
- 5Y*
- 14.64%
- 10Y*
- —
CSY2.DE vs. ETLS.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% | 36.31% |
ETLS.DE L&G US Equity UCITS ETF | 11.28% | 5.06% | 32.53% | 24.21% | -16.00% | 38.89% | 39.46% |
Correlation
The correlation between CSY2.DE and ETLS.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2020 | 0.92 |
The correlation between CSY2.DE and ETLS.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
CSY2.DE vs. ETLS.DE — Risk / Return Rank
CSY2.DE
ETLS.DE
CSY2.DE vs. ETLS.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 L&G US Equity UCITS ETF (ETLS.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 | ETLS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.41 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | 3.37 | -0.50 |
| Martin ratioReturn relative to average drawdown | 10.08 | 12.00 | -1.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CSY2.DE | ETLS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 2.21 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.94 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | 0.98 | +0.20 |
Drawdowns
CSY2.DE vs. ETLS.DE - Drawdown Comparison
The maximum CSY2.DE drawdown since its inception was -24.56%, smaller than the maximum ETLS.DE drawdown of -33.98%. Use the drawdown chart below to compare losses from any high point for CSY2.DE and ETLS.DE.
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Drawdown Indicators
| CSY2.DE | ETLS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.56% | -33.98% | +9.42% |
Max Drawdown (1Y)Largest decline over 1 year | -9.14% | -7.57% | -1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -24.56% | -23.68% | -0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -24.56% | -23.68% | -0.88% |
Current DrawdownCurrent decline from peak | -0.02% | -0.45% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -4.64% | -4.63% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 2.13% | +0.48% |
Volatility
CSY2.DE vs. ETLS.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 L&G US Equity UCITS ETF (ETLS.DE) at 2.76%. This indicates that CSY2.DE's price experiences larger fluctuations and is considered to be riskier than ETLS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSY2.DE | ETLS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 2.76% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 7.67% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.52% | 11.54% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 15.45% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.19% | 17.17% | +0.02% |
CSY2.DE vs. ETLS.DE - Expense Ratio Comparison
CSY2.DE has a 0.10% expense ratio, which is higher than ETLS.DE's 0.05% 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
CSY2.DE vs. ETLS.DE - Dividend Comparison
Neither CSY2.DE nor ETLS.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, CSY2.DE and ETLS.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, ETLS.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLS.DE is cheaper with a 0.05% expense ratio, compared with 0.10% for CSY2.DE.
CSY2.DE tracks MSCI USA ESG Leaders, while ETLS.DE tracks Solactive Core United States Large & Mid Cap. They also come from different issuers: Credit Suisse and Legal & General. Their fees differ too: 0.10% for CSY2.DE and 0.05% for ETLS.DE.
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