CSY2.DE vs. IQQN.DE
CSY2.DE (CSIF (IE) MSCI USA ESG Leaders Blue UCITS ETF B USD) and IQQN.DE (iShares MSCI North America UCITS ETF) are both Large Cap Blend Equities funds - CSY2.DE tracks the MSCI USA ESG Leaders while IQQN.DE tracks the MSCI North America. Both are passively managed. Over the past 5 years, CSY2.DE returned 14.65%/yr vs 13.97%/yr for IQQN.DE. Their correlation of 0.94 suggests significant overlap in exposure. CSY2.DE charges 0.10%/yr vs 0.40%/yr for IQQN.DE.
Performance
CSY2.DE vs. IQQN.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with CSY2.DE having a 10.74% return and IQQN.DE slightly higher at 11.09%.
CSY2.DE
- 1D
- 0.76%
- 1M
- 5.76%
- YTD
- 10.74%
- 6M
- 11.43%
- 1Y
- 26.36%
- 3Y*
- 19.25%
- 5Y*
- 14.65%
- 10Y*
- —
IQQN.DE
- 1D
- -0.05%
- 1M
- 5.20%
- YTD
- 11.09%
- 6M
- 11.12%
- 1Y
- 25.13%
- 3Y*
- 18.64%
- 5Y*
- 13.97%
- 10Y*
- 14.38%
CSY2.DE vs. IQQN.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% |
IQQN.DE iShares MSCI North America UCITS ETF | 11.09% | 4.95% | 31.43% | 22.31% | -15.50% | 38.10% | 39.04% |
Correlation
The correlation between CSY2.DE and IQQN.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 | 0.94 |
The correlation between CSY2.DE and IQQN.DE has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.
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Return for Risk
CSY2.DE vs. IQQN.DE — Risk / Return Rank
CSY2.DE
IQQN.DE
CSY2.DE vs. IQQN.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 iShares MSCI North America UCITS ETF (IQQN.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 | IQQN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.40 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | 3.46 | -0.59 |
| Martin ratioReturn relative to average drawdown | 10.08 | 12.25 | -2.17 |
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 | IQQN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 2.16 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.91 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | 0.59 | +0.59 |
Drawdowns
CSY2.DE vs. IQQN.DE - Drawdown Comparison
The maximum CSY2.DE drawdown since its inception was -24.56%, smaller than the maximum IQQN.DE drawdown of -52.40%. Use the drawdown chart below to compare losses from any high point for CSY2.DE and IQQN.DE.
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Drawdown Indicators
| CSY2.DE | IQQN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.56% | -52.40% | +27.84% |
Max Drawdown (1Y)Largest decline over 1 year | -9.14% | -7.22% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -24.56% | -23.46% | -1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -24.56% | -23.46% | -1.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.38% | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.35% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -4.64% | -9.11% | +4.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 2.05% | +0.56% |
Volatility
CSY2.DE vs. IQQN.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 iShares MSCI North America UCITS ETF (IQQN.DE) at 2.66%. This indicates that CSY2.DE's price experiences larger fluctuations and is considered to be riskier than IQQN.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 | IQQN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 2.66% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 7.55% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.52% | 11.56% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 15.24% | +1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.19% | 16.09% | +1.10% |
CSY2.DE vs. IQQN.DE - Expense Ratio Comparison
CSY2.DE has a 0.10% expense ratio, which is lower than IQQN.DE's 0.40% expense ratio.
Dividends
CSY2.DE vs. IQQN.DE - Dividend Comparison
CSY2.DE has not paid dividends to shareholders, while IQQN.DE's dividend yield for the trailing twelve months is around 0.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IQQN.DE iShares MSCI North America UCITS ETF | 0.61% | 0.68% | 0.75% | 0.99% | 1.15% | 0.73% | 1.09% | 1.22% | 1.42% | 1.34% | 1.37% | 1.53% |
Frequently Asked Questions
With a correlation of 0.94, CSY2.DE and IQQN.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, CSY2.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSY2.DE is cheaper with a 0.10% expense ratio, compared with 0.40% for IQQN.DE.
CSY2.DE tracks MSCI USA ESG Leaders, while IQQN.DE tracks MSCI North America. They also come from different issuers: Credit Suisse and iShares. Their fees differ too: 0.10% for CSY2.DE and 0.40% for IQQN.DE.
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