EMEC.DE vs. CSY9.DE
EMEC.DE (BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR) and CSY9.DE (CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD) are both Global Equities funds - EMEC.DE tracks the ECPI Circular Economy Leaders Equity while CSY9.DE tracks the MSCI World ESG Leaders Minimum Volatility. Both are passively managed. Over the past 5 years, EMEC.DE returned 9.49%/yr vs 6.22%/yr for CSY9.DE. A 0.68 correlation means they provide meaningful diversification when combined. EMEC.DE charges 0.30%/yr vs 0.25%/yr for CSY9.DE.
Performance
EMEC.DE vs. CSY9.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMEC.DE achieves a 10.95% return, which is significantly higher than CSY9.DE's 3.19% return.
EMEC.DE
- 1D
- -0.24%
- 1M
- 5.19%
- YTD
- 10.95%
- 6M
- 10.54%
- 1Y
- 21.09%
- 3Y*
- 11.29%
- 5Y*
- 9.49%
- 10Y*
- —
CSY9.DE
- 1D
- 0.16%
- 1M
- 2.99%
- YTD
- 3.19%
- 6M
- 3.34%
- 1Y
- 3.09%
- 3Y*
- 6.65%
- 5Y*
- 6.22%
- 10Y*
- —
EMEC.DE vs. CSY9.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EMEC.DE BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR | 10.95% | 5.92% | 10.86% | 19.48% | -12.91% | 37.20% | 15.23% |
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% |
Correlation
The correlation between EMEC.DE and CSY9.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2020 | 0.68 |
The correlation between EMEC.DE and CSY9.DE shifts across timeframes, from 0.55 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EMEC.DE vs. CSY9.DE — Risk / Return Rank
EMEC.DE
CSY9.DE
EMEC.DE vs. CSY9.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.DE) and CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD (CSY9.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.
| EMEC.DE | CSY9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.07 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 0.69 | +1.96 |
| Martin ratioReturn relative to average drawdown | 9.05 | 1.54 | +7.51 |
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
| EMEC.DE | CSY9.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 0.38 | +1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.51 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.61 | +0.21 |
Drawdowns
EMEC.DE vs. CSY9.DE - Drawdown Comparison
The maximum EMEC.DE drawdown since its inception was -30.18%, which is greater than CSY9.DE's maximum drawdown of -13.92%. Use the drawdown chart below to compare losses from any high point for EMEC.DE and CSY9.DE.
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Drawdown Indicators
| EMEC.DE | CSY9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.18% | -13.92% | -16.26% |
Max Drawdown (1Y)Largest decline over 1 year | -7.95% | -4.48% | -3.47% |
Max Drawdown (3Y)Largest decline over 3 years | -20.78% | -13.92% | -6.86% |
Max Drawdown (5Y)Largest decline over 5 years | -20.78% | -13.92% | -6.86% |
Current DrawdownCurrent decline from peak | -0.24% | -2.72% | +2.48% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -3.70% | -1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.00% | +0.32% |
Volatility
EMEC.DE vs. CSY9.DE - Volatility Comparison
BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.DE) has a higher volatility of 3.47% compared to CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD (CSY9.DE) at 2.09%. This indicates that EMEC.DE's price experiences larger fluctuations and is considered to be riskier than CSY9.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMEC.DE | CSY9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 2.09% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 8.86% | 5.48% | +3.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.15% | 8.07% | +4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 12.03% | +2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 11.91% | +4.09% |
EMEC.DE vs. CSY9.DE - Expense Ratio Comparison
EMEC.DE has a 0.30% expense ratio, which is higher than CSY9.DE's 0.25% expense ratio.
Dividends
EMEC.DE vs. CSY9.DE - Dividend Comparison
Neither EMEC.DE nor CSY9.DE has paid dividends to shareholders.
Frequently Asked Questions
EMEC.DE and CSY9.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSY9.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSY9.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for EMEC.DE.
EMEC.DE tracks ECPI Circular Economy Leaders Equity, while CSY9.DE tracks MSCI World ESG Leaders Minimum Volatility. They also come from different issuers: BNP Paribas and Credit Suisse. Their fees differ too: 0.30% for EMEC.DE and 0.25% for CSY9.DE.
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