CSY8.DE vs. USD=X

Last updated Jun 26, 2026

CSY8.DE (CSIF (IE) MSCI USA Small Cap ESG Leaders Blue UCITS ETF B USD) is Small Cap Blend Equities fund tracking the MSCI USA Small Cap ESG Leaders, while USD=X (USD Cash) is a currency. Over the past year, CSY8.DE returned 32.49% vs 2.55% for USD=X. At a 0.09 correlation, their price movements are largely independent.

Performance

CSY8.DE vs. USD=X - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in CSIF (IE) MSCI USA Small Cap ESG Leaders Blue UCITS ETF B USD (CSY8.DE) and USD Cash (USD=X). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CSY8.DE is traded in EUR, while USD=X is traded in USD. To make them comparable, the USD=X values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, CSY8.DE achieves a 17.72% return, which is significantly higher than USD=X's 3.35% return.

CSY8.DE

• 1D: 0.00%
• 1M: 6.14%
• YTD: 17.72%
• 6M: 17.84%
• 1Y: 32.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USD=X

• 1D: 0.00%
• 1M: 2.33%
• YTD: 3.35%
• 6M: 3.67%
• 1Y: 2.55%
• 3Y*: -1.21%
• 5Y*: 0.98%
• 10Y*: -0.28%

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

CSY8.DE vs. USD=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CSY8.DE CSIF (IE) MSCI USA Small Cap ESG Leaders Blue UCITS ETF B USD	17.72%	-2.70%	7.04%
USD=X USD Cash	3.35%	-11.87%	8.04%

Correlation

The correlation between CSY8.DE and USD=X is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (All Time) Calculated using the full available price history since Aug 26, 2024	0.09

Return for Risk

CSY8.DE vs. USD=X — Risk / Return Rank

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

CSY8.DE

CSY8.DE Risk / Return Rank: 74
CSY8.DE Sharpe Ratio Rank: 67
CSY8.DE Sortino Ratio Rank: 66
CSY8.DE Omega Ratio Rank: 64
CSY8.DE Calmar Ratio Rank: 89
CSY8.DE Martin Ratio Rank: 85

USD=X

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

CSY8.DE vs. USD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CSIF (IE) MSCI USA Small Cap ESG Leaders Blue UCITS ETF B USD (CSY8.DE) and USD Cash (USD=X). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CSY8.DE	USD=X	Difference
Sharpe ratio: Return per unit of total volatility	1.91	0.45	+1.46
Sortino ratio: Return per unit of downside risk	2.66	0.68	+1.98
Omega ratio: Gain probability vs. loss probability	1.34	1.08	+0.26
Calmar ratio: Return relative to maximum drawdown	4.67	0.55	+4.12
Martin ratio: Return relative to average drawdown	15.43	1.26	+14.17

CSY8.DE vs. USD=X - Sharpe Ratio Comparison

The current CSY8.DE Sharpe Ratio is 1.91, which is higher than the USD=X Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of CSY8.DE and USD=X, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CSY8.DE vs. USD=X - Drawdown Comparison

The maximum CSY8.DE drawdown since its inception was -31.41%, which is greater than USD=X's maximum drawdown of -20.32%. Use the drawdown chart below to compare losses from any high point for CSY8.DE and USD=X.

Drawdown Indicators

	CSY8.DE	USD=X	Difference
Max Drawdown Largest peak-to-trough decline	-31.41%	-20.32%	-11.09%
Max Drawdown (1Y) Largest decline over 1 year	-6.99%	-5.33%	-1.66%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.23%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-20.32%	—
Current Drawdown Current decline from peak	0.00%	-15.58%	+15.58%
Average Drawdown Average peak-to-trough decline	-9.80%	-9.35%	-0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	1.90%	+0.21%

Volatility

CSY8.DE vs. USD=X - Volatility Comparison

CSIF (IE) MSCI USA Small Cap ESG Leaders Blue UCITS ETF B USD (CSY8.DE) has a higher volatility of 3.23% compared to USD Cash (USD=X) at 1.48%. This indicates that CSY8.DE's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSY8.DE	USD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	1.48%	+1.75%
Volatility (6M) Calculated over the trailing 6-month period	10.75%	4.65%	+6.10%
Volatility (1Y) Calculated over the trailing 1-year period	17.08%	5.37%	+11.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.62%	6.43%	+15.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.62%	6.15%	+15.47%

Frequently Asked Questions

Can I hold both CSY8.DE and USD=X in my portfolio?

CSY8.DE and USD=X have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.