CSY2.DE vs. VNRT.DE

Last updated Jun 5, 2026

CSY2.DE (CSIF (IE) MSCI USA ESG Leaders Blue UCITS ETF B USD) and VNRT.DE (Vanguard FTSE North America UCITS ETF Distributing) are both Large Cap Blend Equities funds - CSY2.DE tracks the MSCI USA ESG Leaders while VNRT.DE tracks the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, CSY2.DE returned 14.65%/yr vs 14.33%/yr for VNRT.DE. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.

Performance

CSY2.DE vs. VNRT.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 Vanguard FTSE North America UCITS ETF Distributing (VNRT.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with CSY2.DE having a 10.74% return and VNRT.DE slightly higher at 11.18%.

CSY2.DE

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

VNRT.DE

• 1D: -0.06%
• 1M: 5.35%
• YTD: 11.18%
• 6M: 11.26%
• 1Y: 25.31%
• 3Y*: 19.05%
• 5Y*: 14.33%
• 10Y*: —

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

CSY2.DE vs. VNRT.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%
VNRT.DE Vanguard FTSE North America UCITS ETF Distributing	11.18%	5.38%	31.91%	22.71%	-15.21%	38.59%	38.21%

Correlation

The correlation between CSY2.DE and VNRT.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 VNRT.DE has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.

Return for Risk

CSY2.DE vs. VNRT.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

VNRT.DE

VNRT.DE Risk / Return Rank: 69
VNRT.DE Sharpe Ratio Rank: 67
VNRT.DE Sortino Ratio Rank: 65
VNRT.DE Omega Ratio Rank: 70
VNRT.DE Calmar Ratio Rank: 72
VNRT.DE Martin Ratio Rank: 69

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. VNRT.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 Vanguard FTSE North America UCITS ETF Distributing (VNRT.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	VNRT.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.10	2.20	-0.10
Sortino ratio: Return per unit of downside risk	2.86	2.99	-0.12
Omega ratio: Gain probability vs. loss probability	1.38	1.41	-0.03
Calmar ratio: Return relative to maximum drawdown	2.87	3.55	-0.68
Martin ratio: Return relative to average drawdown	10.08	12.68	-2.61
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. VNRT.DE - Sharpe Ratio Comparison

The current CSY2.DE Sharpe Ratio is 2.10, which is comparable to the VNRT.DE Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of CSY2.DE and VNRT.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	VNRT.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	2.20	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.93	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	0.87	+0.30

Drawdowns

CSY2.DE vs. VNRT.DE - Drawdown Comparison

The maximum CSY2.DE drawdown since its inception was -24.56%, smaller than the maximum VNRT.DE drawdown of -34.52%. Use the drawdown chart below to compare losses from any high point for CSY2.DE and VNRT.DE.

Drawdown Indicators

	CSY2.DE	VNRT.DE	Difference
Max Drawdown Largest peak-to-trough decline	-24.56%	-34.52%	+9.96%
Max Drawdown (1Y) Largest decline over 1 year	-9.14%	-7.10%	-2.04%
Max Drawdown (3Y) Largest decline over 3 years	-24.56%	-23.32%	-1.24%
Max Drawdown (5Y) Largest decline over 5 years	-24.56%	-23.32%	-1.24%
Current Drawdown Current decline from peak	-0.02%	-0.35%	+0.33%
Average Drawdown Average peak-to-trough decline	-4.64%	-4.44%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	1.99%	+0.62%

Volatility

CSY2.DE vs. VNRT.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 Vanguard FTSE North America UCITS ETF Distributing (VNRT.DE) at 2.64%. This indicates that CSY2.DE's price experiences larger fluctuations and is considered to be riskier than VNRT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSY2.DE	VNRT.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.21%	2.64%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	8.56%	7.50%	+1.06%
Volatility (1Y) Calculated over the trailing 1-year period	12.52%	11.47%	+1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.24%	15.27%	+0.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.19%	16.82%	+0.37%

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

Both CSY2.DE and VNRT.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

CSY2.DE vs. VNRT.DE - Dividend Comparison

CSY2.DE has not paid dividends to shareholders, while VNRT.DE's dividend yield for the trailing twelve months is around 0.88%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
VNRT.DE Vanguard FTSE North America UCITS ETF Distributing	0.88%	0.98%	0.99%	1.25%	1.46%	1.00%	1.42%	1.43%	1.78%	0.41%

Frequently Asked Questions

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

With a correlation of 0.94, CSY2.DE and VNRT.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.

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

Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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

CSY2.DE and VNRT.DE have the same expense ratio: 0.10% per year.

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

CSY2.DE tracks MSCI USA ESG Leaders, while VNRT.DE tracks Russell 1000 TR USD. They also come from different issuers: Credit Suisse and Vanguard.