CSYZ.DE vs. ESAD.DE
CSYZ.DE (CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD) and ESAD.DE (BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation) are both REIT funds - CSYZ.DE tracks the FTSE EPRA Nareit Developed Green while ESAD.DE tracks the FTSE EPRA Nareit Developed Green EU CTB. Both are passively managed. Over the past 3 years, CSYZ.DE returned 3.23%/yr vs 4.85%/yr for ESAD.DE. Their correlation of 0.91 suggests significant overlap in exposure. CSYZ.DE charges 0.25%/yr vs 0.41%/yr for ESAD.DE.
Performance
CSYZ.DE vs. ESAD.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with CSYZ.DE having a 7.36% return and ESAD.DE slightly higher at 7.67%.
CSYZ.DE
- 1D
- 0.21%
- 1M
- -0.49%
- YTD
- 7.36%
- 6M
- 6.96%
- 1Y
- 6.45%
- 3Y*
- 3.23%
- 5Y*
- 0.05%
- 10Y*
- —
ESAD.DE
- 1D
- 0.00%
- 1M
- -0.65%
- YTD
- 7.67%
- 6M
- 6.84%
- 1Y
- 7.43%
- 3Y*
- 4.85%
- 5Y*
- —
- 10Y*
- —
CSYZ.DE vs. ESAD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CSYZ.DE CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD | 7.36% | -5.02% | 2.47% | 4.08% | -17.19% |
ESAD.DE BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation | 7.67% | -3.81% | 3.54% | 7.64% | -19.66% |
Correlation
The correlation between CSYZ.DE and ESAD.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | 0.91 |
The correlation between CSYZ.DE and ESAD.DE has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
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Return for Risk
CSYZ.DE vs. ESAD.DE — Risk / Return Rank
CSYZ.DE
ESAD.DE
CSYZ.DE vs. ESAD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD (CSYZ.DE) and BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation (ESAD.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.
| CSYZ.DE | ESAD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.12 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 0.90 | -0.10 |
| Martin ratioReturn relative to average drawdown | 2.28 | 2.70 | -0.42 |
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
| CSYZ.DE | ESAD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 0.63 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | -0.12 | +0.38 |
Drawdowns
CSYZ.DE vs. ESAD.DE - Drawdown Comparison
The maximum CSYZ.DE drawdown since its inception was -31.21%, roughly equal to the maximum ESAD.DE drawdown of -30.37%. Use the drawdown chart below to compare losses from any high point for CSYZ.DE and ESAD.DE.
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Drawdown Indicators
| CSYZ.DE | ESAD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.21% | -30.37% | -0.84% |
Max Drawdown (1Y)Largest decline over 1 year | -8.07% | -8.26% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | -17.22% | -2.92% |
Max Drawdown (5Y)Largest decline over 5 years | -31.21% | — | — |
Current DrawdownCurrent decline from peak | -15.10% | -11.52% | -3.58% |
Average DrawdownAverage peak-to-trough decline | -13.84% | -17.56% | +3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.75% | +0.07% |
Volatility
CSYZ.DE vs. ESAD.DE - Volatility Comparison
CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD (CSYZ.DE) and BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation (ESAD.DE) have volatilities of 2.84% and 2.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSYZ.DE | ESAD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 2.98% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 8.54% | 9.07% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 11.74% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.03% | 14.78% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.22% | 14.78% | +0.44% |
CSYZ.DE vs. ESAD.DE - Expense Ratio Comparison
CSYZ.DE has a 0.25% expense ratio, which is lower than ESAD.DE's 0.41% expense ratio.
Dividends
CSYZ.DE vs. ESAD.DE - Dividend Comparison
CSYZ.DE's dividend yield for the trailing twelve months is around 1.01%, while ESAD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CSYZ.DE CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD | 1.01% | 1.32% | 0.00% | 0.76% | 3.39% | 0.21% |
ESAD.DE BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, CSYZ.DE and ESAD.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.
On fees, CSYZ.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSYZ.DE is cheaper with a 0.25% expense ratio, compared with 0.41% for ESAD.DE.
CSYZ.DE tracks FTSE EPRA Nareit Developed Green, while ESAD.DE tracks FTSE EPRA Nareit Developed Green EU CTB. They also come from different issuers: Credit Suisse and BNP Paribas. Their fees differ too: 0.25% for CSYZ.DE and 0.41% for ESAD.DE.
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