CSY2.DE vs. GMVM.DE

Last updated Jun 5, 2026

CSY2.DE (CSIF (IE) MSCI USA ESG Leaders Blue UCITS ETF B USD) and GMVM.DE (VanEck Morningstar US Sustainable Wide Moat UCITS ETF) are both Large Cap Blend Equities funds - CSY2.DE tracks the MSCI USA ESG Leaders while GMVM.DE tracks the Morningstar US Sustainable Moat Focus. Both are passively managed. Over the past 5 years, CSY2.DE returned 14.65%/yr vs 4.14%/yr for GMVM.DE. Their correlation of 0.81 suggests significant overlap in exposure. CSY2.DE charges 0.10%/yr vs 0.49%/yr for GMVM.DE.

Performance

CSY2.DE vs. GMVM.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 VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.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 GMVM.DE's -1.57% 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*: —

GMVM.DE

• 1D: 0.97%
• 1M: 4.27%
• YTD: -1.57%
• 6M: -2.00%
• 1Y: 6.45%
• 3Y*: 5.24%
• 5Y*: 4.14%
• 10Y*: 10.29%

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

CSY2.DE vs. GMVM.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%
GMVM.DE VanEck Morningstar US Sustainable Wide Moat UCITS ETF	-1.57%	-4.56%	17.59%	14.37%	-14.38%	36.91%	31.94%

Correlation

The correlation between CSY2.DE and GMVM.DE is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Mar 18, 2020	0.81

Over the past year, the correlation between CSY2.DE and GMVM.DE has dropped to 0.58 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

Return for Risk

CSY2.DE vs. GMVM.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

GMVM.DE

GMVM.DE Risk / Return Rank: 16
GMVM.DE Sharpe Ratio Rank: 17
GMVM.DE Sortino Ratio Rank: 17
GMVM.DE Omega Ratio Rank: 16
GMVM.DE Calmar Ratio Rank: 16
GMVM.DE Martin Ratio Rank: 16

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. GMVM.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 VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.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	GMVM.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.10	0.48	+1.61
Sortino ratio: Return per unit of downside risk	2.86	0.79	+2.07
Omega ratio: Gain probability vs. loss probability	1.38	1.09	+0.29
Calmar ratio: Return relative to maximum drawdown	2.87	0.58	+2.29
Martin ratio: Return relative to average drawdown	10.08	1.37	+8.70
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. GMVM.DE - Sharpe Ratio Comparison

The current CSY2.DE Sharpe Ratio is 2.10, which is higher than the GMVM.DE Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of CSY2.DE and GMVM.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	GMVM.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	0.48	+1.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.27	+0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	0.62	+0.56

Drawdowns

CSY2.DE vs. GMVM.DE - Drawdown Comparison

The maximum CSY2.DE drawdown since its inception was -24.56%, smaller than the maximum GMVM.DE drawdown of -32.25%. Use the drawdown chart below to compare losses from any high point for CSY2.DE and GMVM.DE.

Drawdown Indicators

	CSY2.DE	GMVM.DE	Difference
Max Drawdown Largest peak-to-trough decline	-24.56%	-32.25%	+7.69%
Max Drawdown (1Y) Largest decline over 1 year	-9.14%	-11.00%	+1.86%
Max Drawdown (3Y) Largest decline over 3 years	-24.56%	-25.74%	+1.18%
Max Drawdown (5Y) Largest decline over 5 years	-24.56%	-25.74%	+1.18%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.25%	—
Current Drawdown Current decline from peak	-0.02%	-10.18%	+10.16%
Average Drawdown Average peak-to-trough decline	-4.64%	-5.85%	+1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	4.69%	-2.08%

Volatility

CSY2.DE vs. GMVM.DE - Volatility Comparison

CSIF (IE) MSCI USA ESG Leaders Blue UCITS ETF B USD (CSY2.DE) and VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.DE) have volatilities of 3.21% and 3.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSY2.DE	GMVM.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.21%	3.23%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	8.56%	8.82%	-0.26%
Volatility (1Y) Calculated over the trailing 1-year period	12.52%	13.33%	-0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.24%	15.26%	+0.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.19%	16.54%	+0.65%

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

CSY2.DE has a 0.10% expense ratio, which is lower than GMVM.DE's 0.49% expense ratio.

Dividends

CSY2.DE vs. GMVM.DE - Dividend Comparison

Neither CSY2.DE nor GMVM.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

CSY2.DE and GMVM.DE have a correlation of 0.58, 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 GMVM.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 GMVM.DE?

CSY2.DE is cheaper with a 0.10% expense ratio, compared with 0.49% for GMVM.DE.

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

CSY2.DE tracks MSCI USA ESG Leaders, while GMVM.DE tracks Morningstar US Sustainable Moat Focus. They also come from different issuers: Credit Suisse and VanEck. Their fees differ too: 0.10% for CSY2.DE and 0.49% for GMVM.DE.