FWEA.DE vs. CSY9.DE

Last updated Jun 5, 2026

FWEA.DE (Invesco FTSE All-World UCITS ETF) and CSY9.DE (CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD) are both Global Equities funds - FWEA.DE tracks the FTSE All-World Index while CSY9.DE tracks the MSCI World ESG Leaders Minimum Volatility. Both are passively managed. Over the past year, FWEA.DE returned 25.98% vs 3.39% for CSY9.DE. At a 0.42 correlation, their price movements are largely independent. FWEA.DE charges 0.20%/yr vs 0.25%/yr for CSY9.DE.

Performance

FWEA.DE vs. CSY9.DE - Performance Comparison

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

Returns By Period

In the year-to-date period, FWEA.DE achieves a 10.64% return, which is significantly higher than CSY9.DE's 3.19% return.

FWEA.DE

• 1D: -0.24%
• 1M: 2.84%
• YTD: 10.64%
• 6M: 11.58%
• 1Y: 25.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSY9.DE

• 1D: 0.16%
• 1M: 2.71%
• YTD: 3.19%
• 6M: 3.19%
• 1Y: 3.39%
• 3Y*: 6.65%
• 5Y*: 6.22%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023
FWEA.DE Invesco FTSE All-World UCITS ETF	10.64%	17.53%	19.21%	8.62%
CSY9.DE CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD	3.19%	-0.67%	16.05%	4.54%

Correlation

The correlation between FWEA.DE and CSY9.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023	0.42

Return for Risk

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

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

FWEA.DE

FWEA.DE Risk / Return Rank: 72
FWEA.DE Sharpe Ratio Rank: 71
FWEA.DE Sortino Ratio Rank: 76
FWEA.DE Omega Ratio Rank: 73
FWEA.DE Calmar Ratio Rank: 65
FWEA.DE Martin Ratio Rank: 73

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

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.

FWEA.DE vs. CSY9.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE All-World UCITS ETF (FWEA.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.

	FWEA.DE	CSY9.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.30	0.38	+1.91
Sortino ratio: Return per unit of downside risk	3.38	0.58	+2.80
Omega ratio: Gain probability vs. loss probability	1.43	1.07	+0.36
Calmar ratio: Return relative to maximum drawdown	3.18	0.69	+2.49
Martin ratio: Return relative to average drawdown	13.52	1.54	+11.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current FWEA.DE Sharpe Ratio is 2.30, which is higher than the CSY9.DE Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of FWEA.DE and CSY9.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

	FWEA.DE	CSY9.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	0.38	+1.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.51	0.61	+0.91

Drawdowns

FWEA.DE vs. CSY9.DE - Drawdown Comparison

The maximum FWEA.DE drawdown since its inception was -17.48%, 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 FWEA.DE and CSY9.DE.

Drawdown Indicators

	FWEA.DE	CSY9.DE	Difference
Max Drawdown Largest peak-to-trough decline	-17.48%	-13.92%	-3.56%
Max Drawdown (1Y) Largest decline over 1 year	-8.28%	-4.48%	-3.80%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.92%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.92%	—
Current Drawdown Current decline from peak	-0.81%	-2.72%	+1.91%
Average Drawdown Average peak-to-trough decline	-1.86%	-3.70%	+1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	2.00%	-0.05%

Volatility

FWEA.DE vs. CSY9.DE - Volatility Comparison

Invesco FTSE All-World UCITS ETF (FWEA.DE) has a higher volatility of 3.36% compared to CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD (CSY9.DE) at 2.09%. This indicates that FWEA.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.

Volatility by Period

	FWEA.DE	CSY9.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	2.09%	+1.27%
Volatility (6M) Calculated over the trailing 6-month period	8.93%	5.48%	+3.45%
Volatility (1Y) Calculated over the trailing 1-year period	11.45%	8.07%	+3.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.72%	12.03%	+0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.72%	11.91%	+0.81%

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

FWEA.DE has a 0.20% expense ratio, which is lower than CSY9.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FWEA.DE vs. CSY9.DE - Dividend Comparison

Neither FWEA.DE nor CSY9.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

FWEA.DE and CSY9.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, FWEA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

FWEA.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for CSY9.DE.

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

FWEA.DE tracks FTSE All-World Index, while CSY9.DE tracks MSCI World ESG Leaders Minimum Volatility. They also come from different issuers: Invesco and Credit Suisse. Their fees differ too: 0.20% for FWEA.DE and 0.25% for CSY9.DE.