CSY9.DE vs. MWRE.DE
CSY9.DE (CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD) and MWRE.DE (Amundi Core MSCI World UCITS ETF Accumulating) are both Global Equities funds - CSY9.DE tracks the MSCI World ESG Leaders Minimum Volatility while MWRE.DE tracks the MSCI World. Both are passively managed. Over the past year, CSY9.DE returned 3.39% vs 23.82% for MWRE.DE. A 0.61 correlation means they provide meaningful diversification when combined. CSY9.DE charges 0.25%/yr vs 0.12%/yr for MWRE.DE.
Performance
CSY9.DE vs. MWRE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CSY9.DE achieves a 3.19% return, which is significantly lower than MWRE.DE's 10.85% return.
CSY9.DE
- 1D
- 0.16%
- 1M
- 2.71%
- YTD
- 3.19%
- 6M
- 3.19%
- 1Y
- 3.39%
- 3Y*
- 6.65%
- 5Y*
- 6.22%
- 10Y*
- —
MWRE.DE
- 1D
- -0.02%
- 1M
- 3.67%
- YTD
- 10.85%
- 6M
- 11.01%
- 1Y
- 23.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSY9.DE vs. MWRE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CSY9.DE CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD | 3.19% | -0.67% | 2.20% |
MWRE.DE Amundi Core MSCI World UCITS ETF Accumulating | 10.85% | 7.94% | 6.30% |
Correlation
The correlation between CSY9.DE and MWRE.DE is 0.52, 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 | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2024 | 0.61 |
The correlation between CSY9.DE and MWRE.DE has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.
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Return for Risk
CSY9.DE vs. MWRE.DE — Risk / Return Rank
CSY9.DE
MWRE.DE
CSY9.DE vs. MWRE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD (CSY9.DE) and Amundi Core MSCI World UCITS ETF Accumulating (MWRE.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.
| CSY9.DE | MWRE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.40 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 3.63 | -2.94 |
| Martin ratioReturn relative to average drawdown | 1.54 | 14.47 | -12.93 |
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
| CSY9.DE | MWRE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.38 | 2.12 | -1.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 1.08 | -0.48 |
Drawdowns
CSY9.DE vs. MWRE.DE - Drawdown Comparison
The maximum CSY9.DE drawdown since its inception was -13.92%, smaller than the maximum MWRE.DE drawdown of -21.68%. Use the drawdown chart below to compare losses from any high point for CSY9.DE and MWRE.DE.
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Drawdown Indicators
| CSY9.DE | MWRE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.92% | -21.68% | +7.76% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -6.53% | +2.05% |
Max Drawdown (3Y)Largest decline over 3 years | -13.92% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.92% | — | — |
Current DrawdownCurrent decline from peak | -2.72% | -0.33% | -2.39% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -3.68% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 1.64% | +0.36% |
Volatility
CSY9.DE vs. MWRE.DE - Volatility Comparison
The current volatility for CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD (CSY9.DE) is 2.09%, while Amundi Core MSCI World UCITS ETF Accumulating (MWRE.DE) has a volatility of 2.56%. This indicates that CSY9.DE experiences smaller price fluctuations and is considered to be less risky than MWRE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSY9.DE | MWRE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 2.56% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 5.48% | 7.79% | -2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.07% | 11.18% | -3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.03% | 15.25% | -3.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.91% | 15.25% | -3.34% |
CSY9.DE vs. MWRE.DE - Expense Ratio Comparison
CSY9.DE has a 0.25% expense ratio, which is higher than MWRE.DE's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CSY9.DE vs. MWRE.DE - Dividend Comparison
Neither CSY9.DE nor MWRE.DE has paid dividends to shareholders.
Frequently Asked Questions
CSY9.DE and MWRE.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MWRE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MWRE.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for CSY9.DE.
CSY9.DE tracks MSCI World ESG Leaders Minimum Volatility, while MWRE.DE tracks MSCI World. They also come from different issuers: Credit Suisse and Amundi. Their fees differ too: 0.25% for CSY9.DE and 0.12% for MWRE.DE.
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