GMVM.DE vs. CSY2.DE
GMVM.DE (VanEck Morningstar US Sustainable Wide Moat UCITS ETF) and CSY2.DE (CSIF (IE) MSCI USA ESG Leaders Blue UCITS ETF B USD) are both Large Cap Blend Equities funds - GMVM.DE tracks the Morningstar US Sustainable Moat Focus while CSY2.DE tracks the MSCI USA ESG Leaders. Both are passively managed. Over the past 5 years, GMVM.DE returned 4.14%/yr vs 14.65%/yr for CSY2.DE. Their correlation of 0.81 suggests significant overlap in exposure. GMVM.DE charges 0.49%/yr vs 0.10%/yr for CSY2.DE.
Performance
GMVM.DE vs. CSY2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, GMVM.DE achieves a -1.57% return, which is significantly lower than CSY2.DE's 10.74% return.
GMVM.DE
- 1D
- 0.97%
- 1M
- 2.94%
- YTD
- -1.57%
- 6M
- -3.00%
- 1Y
- 6.57%
- 3Y*
- 5.24%
- 5Y*
- 4.14%
- 10Y*
- 10.29%
CSY2.DE
- 1D
- 0.76%
- 1M
- 4.06%
- YTD
- 10.74%
- 6M
- 10.74%
- 1Y
- 26.29%
- 3Y*
- 19.25%
- 5Y*
- 14.65%
- 10Y*
- —
GMVM.DE vs. CSY2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GMVM.DE VanEck Morningstar US Sustainable Wide Moat UCITS ETF | -1.57% | -4.56% | 17.59% | 14.37% | -14.38% | 36.91% | 31.94% |
CSY2.DE CSIF (IE) MSCI USA ESG Leaders Blue UCITS ETF B USD | 10.74% | 6.30% | 30.42% | 25.14% | -16.59% | 44.53% | 36.31% |
Correlation
The correlation between GMVM.DE and CSY2.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2020 | 0.81 |
Over the past year, the correlation between GMVM.DE and CSY2.DE has dropped to 0.58 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
GMVM.DE vs. CSY2.DE — Risk / Return Rank
GMVM.DE
CSY2.DE
GMVM.DE vs. CSY2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.DE) and CSIF (IE) MSCI USA ESG Leaders Blue UCITS ETF B USD (CSY2.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.
| GMVM.DE | CSY2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.38 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 2.87 | -2.29 |
| Martin ratioReturn relative to average drawdown | 1.37 | 10.08 | -8.70 |
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
| GMVM.DE | CSY2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 2.10 | -1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.90 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 1.18 | -0.56 |
Drawdowns
GMVM.DE vs. CSY2.DE - Drawdown Comparison
The maximum GMVM.DE drawdown since its inception was -32.25%, which is greater than CSY2.DE's maximum drawdown of -24.56%. Use the drawdown chart below to compare losses from any high point for GMVM.DE and CSY2.DE.
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Drawdown Indicators
| GMVM.DE | CSY2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.25% | -24.56% | -7.69% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -9.14% | -1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -25.74% | -24.56% | -1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -24.56% | -1.18% |
Max Drawdown (10Y)Largest decline over 10 years | -32.25% | — | — |
Current DrawdownCurrent decline from peak | -10.18% | -0.02% | -10.16% |
Average DrawdownAverage peak-to-trough decline | -5.85% | -4.64% | -1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.69% | 2.61% | +2.08% |
Volatility
GMVM.DE vs. CSY2.DE - Volatility Comparison
VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.DE) and CSIF (IE) MSCI USA ESG Leaders Blue UCITS ETF B USD (CSY2.DE) have volatilities of 3.23% and 3.21%, 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
| GMVM.DE | CSY2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 3.21% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 8.82% | 8.56% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 12.52% | +0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.26% | 16.24% | -0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 17.19% | -0.65% |
GMVM.DE vs. CSY2.DE - Expense Ratio Comparison
GMVM.DE has a 0.49% expense ratio, which is higher than CSY2.DE's 0.10% expense ratio.
Dividends
GMVM.DE vs. CSY2.DE - Dividend Comparison
Neither GMVM.DE nor CSY2.DE has paid dividends to shareholders.
Frequently Asked Questions
GMVM.DE and CSY2.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSY2.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSY2.DE is cheaper with a 0.10% expense ratio, compared with 0.49% for GMVM.DE.
GMVM.DE tracks Morningstar US Sustainable Moat Focus, while CSY2.DE tracks MSCI USA ESG Leaders. They also come from different issuers: VanEck and Credit Suisse. Their fees differ too: 0.49% for GMVM.DE and 0.10% for CSY2.DE.
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