CSY9.DE vs. VGVE.DE

Last updated Jun 5, 2026

CSY9.DE (CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD) and VGVE.DE (Vanguard FTSE Developed World UCITS ETF Distributing) are both Global Equities funds - CSY9.DE tracks the MSCI World ESG Leaders Minimum Volatility while VGVE.DE tracks the FTSE Developed. Both are passively managed. Over the past 5 years, CSY9.DE returned 6.22%/yr vs 12.95%/yr for VGVE.DE. A 0.71 correlation means they provide meaningful diversification when combined. CSY9.DE charges 0.25%/yr vs 0.12%/yr for VGVE.DE.

Performance

CSY9.DE vs. VGVE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD (CSY9.DE) and Vanguard FTSE Developed World UCITS ETF Distributing (VGVE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSY9.DE achieves a 3.19% return, which is significantly lower than VGVE.DE's 12.54% return.

CSY9.DE

• 1D: 0.16%
• 1M: 2.99%
• YTD: 3.19%
• 6M: 3.34%
• 1Y: 3.09%
• 3Y*: 6.65%
• 5Y*: 6.22%
• 10Y*: —

VGVE.DE

• 1D: -0.18%
• 1M: 5.25%
• YTD: 12.54%
• 6M: 13.19%
• 1Y: 26.14%
• 3Y*: 18.04%
• 5Y*: 12.95%
• 10Y*: —

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

CSY9.DE vs. VGVE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CSY9.DE CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD	3.19%	-0.67%	16.05%	5.76%	-5.25%	23.30%	2.67%
VGVE.DE Vanguard FTSE Developed World UCITS ETF Distributing	12.54%	8.78%	24.92%	19.91%	-13.71%	31.39%	12.92%

Correlation

The correlation between CSY9.DE and VGVE.DE is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jul 28, 2020	0.71

The correlation between CSY9.DE and VGVE.DE shifts across timeframes, from 0.53 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CSY9.DE vs. VGVE.DE — Risk / Return Rank

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

CSY9.DE

CSY9.DE Risk / Return Rank: 15
CSY9.DE Sharpe Ratio Rank: 15
CSY9.DE Sortino Ratio Rank: 14
CSY9.DE Omega Ratio Rank: 14
CSY9.DE Calmar Ratio Rank: 18
CSY9.DE Martin Ratio Rank: 16

VGVE.DE

VGVE.DE Risk / Return Rank: 77
VGVE.DE Sharpe Ratio Rank: 72
VGVE.DE Sortino Ratio Rank: 72
VGVE.DE Omega Ratio Rank: 75
VGVE.DE Calmar Ratio Rank: 81
VGVE.DE Martin Ratio Rank: 84

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.

CSY9.DE vs. VGVE.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 Vanguard FTSE Developed World UCITS ETF Distributing (VGVE.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	VGVE.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.38	2.32	-1.94
Sortino ratio: Return per unit of downside risk	0.58	3.24	-2.66
Omega ratio: Gain probability vs. loss probability	1.07	1.44	-0.37
Calmar ratio: Return relative to maximum drawdown	0.69	4.15	-3.46
Martin ratio: Return relative to average drawdown	1.54	17.12	-15.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSY9.DE vs. VGVE.DE - Sharpe Ratio Comparison

The current CSY9.DE Sharpe Ratio is 0.38, which is lower than the VGVE.DE Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of CSY9.DE and VGVE.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

	CSY9.DE	VGVE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.38	2.32	-1.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.91	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.79	-0.19

Drawdowns

CSY9.DE vs. VGVE.DE - Drawdown Comparison

The maximum CSY9.DE drawdown since its inception was -13.92%, smaller than the maximum VGVE.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for CSY9.DE and VGVE.DE.

Drawdown Indicators

	CSY9.DE	VGVE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-13.92%	-33.63%	+19.71%
Max Drawdown (1Y) Largest decline over 1 year	-4.48%	-6.27%	+1.79%
Max Drawdown (3Y) Largest decline over 3 years	-13.92%	-21.26%	+7.34%
Max Drawdown (5Y) Largest decline over 5 years	-13.92%	-21.26%	+7.34%
Current Drawdown Current decline from peak	-2.72%	-0.58%	-2.14%
Average Drawdown Average peak-to-trough decline	-3.70%	-4.35%	+0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	1.52%	+0.48%

Volatility

CSY9.DE vs. VGVE.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 Vanguard FTSE Developed World UCITS ETF Distributing (VGVE.DE) has a volatility of 2.88%. This indicates that CSY9.DE experiences smaller price fluctuations and is considered to be less risky than VGVE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSY9.DE	VGVE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.09%	2.88%	-0.79%
Volatility (6M) Calculated over the trailing 6-month period	5.48%	7.93%	-2.45%
Volatility (1Y) Calculated over the trailing 1-year period	8.07%	11.23%	-3.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.03%	14.00%	-1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.91%	15.63%	-3.72%

CSY9.DE vs. VGVE.DE - Expense Ratio Comparison

CSY9.DE has a 0.25% expense ratio, which is higher than VGVE.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. VGVE.DE - Dividend Comparison

CSY9.DE has not paid dividends to shareholders, while VGVE.DE's dividend yield for the trailing twelve months is around 1.06%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSY9.DE CSIF (IE) MSCI World ESG Leaders Minimum Volatility 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%
VGVE.DE Vanguard FTSE Developed World UCITS ETF Distributing	1.06%	1.22%	1.36%	1.59%	1.93%	1.22%	1.40%	1.67%	1.95%	0.34%

Frequently Asked Questions

Can I hold both CSY9.DE and VGVE.DE in my portfolio?

CSY9.DE and VGVE.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CSY9.DE or VGVE.DE?

On fees, VGVE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CSY9.DE or VGVE.DE?

VGVE.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for CSY9.DE.

What is the main difference between CSY9.DE and VGVE.DE?

CSY9.DE tracks MSCI World ESG Leaders Minimum Volatility, while VGVE.DE tracks FTSE Developed. They also come from different issuers: Credit Suisse and Vanguard. Their fees differ too: 0.25% for CSY9.DE and 0.12% for VGVE.DE.