CSYZ.DE vs. SPYJ.DE

Last updated Jun 5, 2026

CSYZ.DE (CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD) and SPYJ.DE (SPDR Dow Jones Global Real Estate UCITS ETF) are both REIT funds - CSYZ.DE tracks the FTSE EPRA Nareit Developed Green while SPYJ.DE tracks the Dow Jones Global Select Real Estate Securities. Both are passively managed. Over the past 5 years, CSYZ.DE returned 0.05%/yr vs 2.31%/yr for SPYJ.DE. Their correlation of 0.95 suggests significant overlap in exposure. CSYZ.DE charges 0.25%/yr vs 0.40%/yr for SPYJ.DE.

Performance

CSYZ.DE vs. SPYJ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD (CSYZ.DE) and SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSYZ.DE achieves a 7.36% return, which is significantly lower than SPYJ.DE's 8.14% return.

CSYZ.DE

• 1D: 0.21%
• 1M: -2.43%
• YTD: 7.36%
• 6M: 6.90%
• 1Y: 6.48%
• 3Y*: 3.23%
• 5Y*: 0.05%
• 10Y*: —

SPYJ.DE

• 1D: 0.05%
• 1M: -1.56%
• YTD: 8.14%
• 6M: 7.45%
• 1Y: 10.28%
• 3Y*: 5.92%
• 5Y*: 2.31%
• 10Y*: 3.00%

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

CSYZ.DE vs. SPYJ.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CSYZ.DE CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD	7.36%	-5.02%	2.47%	4.08%	-19.53%	36.67%	5.48%
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF	8.14%	-2.34%	4.88%	7.77%	-20.64%	41.31%	6.37%

Correlation

The correlation between CSYZ.DE and SPYJ.DE is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020	0.95

The correlation between CSYZ.DE and SPYJ.DE has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

CSYZ.DE vs. SPYJ.DE — Risk / Return Rank

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

CSYZ.DE

CSYZ.DE Risk / Return Rank: 19
CSYZ.DE Sharpe Ratio Rank: 19
CSYZ.DE Sortino Ratio Rank: 18
CSYZ.DE Omega Ratio Rank: 17
CSYZ.DE Calmar Ratio Rank: 19
CSYZ.DE Martin Ratio Rank: 20

SPYJ.DE

SPYJ.DE Risk / Return Rank: 27
SPYJ.DE Sharpe Ratio Rank: 26
SPYJ.DE Sortino Ratio Rank: 24
SPYJ.DE Omega Ratio Rank: 25
SPYJ.DE Calmar Ratio Rank: 30
SPYJ.DE Martin Ratio Rank: 31

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.

CSYZ.DE vs. SPYJ.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 SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.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	SPYJ.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.57	0.90	-0.33
Sortino ratio: Return per unit of downside risk	0.87	1.30	-0.43
Omega ratio: Gain probability vs. loss probability	1.10	1.16	-0.06
Calmar ratio: Return relative to maximum drawdown	0.80	1.46	-0.66
Martin ratio: Return relative to average drawdown	2.28	4.40	-2.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSYZ.DE vs. SPYJ.DE - Sharpe Ratio Comparison

The current CSYZ.DE Sharpe Ratio is 0.57, which is lower than the SPYJ.DE Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of CSYZ.DE and SPYJ.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

	CSYZ.DE	SPYJ.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.57	0.90	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	0.15	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.32	-0.06

Drawdowns

CSYZ.DE vs. SPYJ.DE - Drawdown Comparison

The maximum CSYZ.DE drawdown since its inception was -31.21%, smaller than the maximum SPYJ.DE drawdown of -42.92%. Use the drawdown chart below to compare losses from any high point for CSYZ.DE and SPYJ.DE.

Drawdown Indicators

	CSYZ.DE	SPYJ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-31.21%	-42.92%	+11.71%
Max Drawdown (1Y) Largest decline over 1 year	-8.07%	-6.95%	-1.12%
Max Drawdown (3Y) Largest decline over 3 years	-20.14%	-20.29%	+0.15%
Max Drawdown (5Y) Largest decline over 5 years	-31.21%	-30.71%	-0.50%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.92%	—
Current Drawdown Current decline from peak	-15.10%	-7.72%	-7.38%
Average Drawdown Average peak-to-trough decline	-13.84%	-11.10%	-2.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	2.31%	+0.51%

Volatility

CSYZ.DE vs. SPYJ.DE - Volatility Comparison

The current volatility for CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD (CSYZ.DE) is 2.84%, while SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.DE) has a volatility of 3.15%. This indicates that CSYZ.DE experiences smaller price fluctuations and is considered to be less risky than SPYJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSYZ.DE	SPYJ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	3.15%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	8.54%	8.50%	+0.04%
Volatility (1Y) Calculated over the trailing 1-year period	11.29%	11.29%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.03%	15.11%	-0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.22%	16.96%	-1.74%

CSYZ.DE vs. SPYJ.DE - Expense Ratio Comparison

CSYZ.DE has a 0.25% expense ratio, which is lower than SPYJ.DE's 0.40% expense ratio.

Dividends

CSYZ.DE vs. SPYJ.DE - Dividend Comparison

CSYZ.DE's dividend yield for the trailing twelve months is around 1.01%, less than SPYJ.DE's 2.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF	2.57%	2.80%	2.70%	2.67%	2.91%	1.76%	2.70%	3.16%	4.36%	4.02%	2.53%	2.10%

Frequently Asked Questions

Can I hold both CSYZ.DE and SPYJ.DE in my portfolio?

With a correlation of 0.92, CSYZ.DE and SPYJ.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.

Which ETF is better, CSYZ.DE or SPYJ.DE?

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.

Which ETF is cheaper, CSYZ.DE or SPYJ.DE?

CSYZ.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for SPYJ.DE.

What is the main difference between CSYZ.DE and SPYJ.DE?

CSYZ.DE tracks FTSE EPRA Nareit Developed Green, while SPYJ.DE tracks Dow Jones Global Select Real Estate Securities. They also come from different issuers: Credit Suisse and State Street. Their fees differ too: 0.25% for CSYZ.DE and 0.40% for SPYJ.DE.