CSY8.DE vs. USD=X
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 5 years, CSY8.DE returned 6.40%/yr vs 1.14%/yr for USD=X. At a 0.01 correlation, their price movements are largely independent.
Performance
CSY8.DE vs. USD=X - Performance Comparison
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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 12.89% return, which is significantly higher than USD=X's 1.96% return.
CSY8.DE
- 1D
- 0.75%
- 1M
- 2.35%
- YTD
- 12.89%
- 6M
- 11.50%
- 1Y
- 26.13%
- 3Y*
- 11.06%
- 5Y*
- 6.40%
- 10Y*
- —
USD=X
- 1D
- 0.00%
- 1M
- 1.97%
- YTD
- 1.96%
- 6M
- 1.05%
- 1Y
- -0.66%
- 3Y*
- -2.44%
- 5Y*
- 1.14%
- 10Y*
- -0.11%
CSY8.DE vs. USD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CSY8.DE CSIF (IE) MSCI USA Small Cap ESG Leaders Blue UCITS ETF B USD | 12.89% | -2.70% | 13.60% | 12.50% | -11.53% | 31.40% | 24.77% |
USD=X USD Cash | 1.96% | -11.87% | 6.60% | -3.00% | 6.20% | 7.48% | -8.01% |
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 (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020 | 0.01 |
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Return for Risk
CSY8.DE vs. USD=X — Risk / Return Rank
CSY8.DE
USD=X
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.
| CSY8.DE | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.98 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.68 | -0.21 | +3.89 |
| Martin ratioReturn relative to average drawdown | 11.46 | -0.44 | +11.90 |
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
| CSY8.DE | USD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | -0.17 | +1.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.15 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.10 | +0.53 |
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.
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Drawdown Indicators
| CSY8.DE | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.41% | -20.32% | -11.09% |
Max Drawdown (1Y)Largest decline over 1 year | -6.99% | -5.39% | -1.60% |
Max Drawdown (3Y)Largest decline over 3 years | -31.41% | -15.23% | -16.18% |
Max Drawdown (5Y)Largest decline over 5 years | -31.41% | -20.32% | -11.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.32% | — |
Current DrawdownCurrent decline from peak | 0.00% | -16.71% | +16.71% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -9.47% | +1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 1.89% | +0.36% |
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 3.95% compared to USD Cash (USD=X) at 1.44%. 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.
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Volatility by Period
| CSY8.DE | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 1.44% | +2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 10.69% | 4.59% | +6.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.98% | 5.46% | +11.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.19% | 6.44% | +13.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.28% | 6.21% | +14.07% |
Frequently Asked Questions
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.
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