IBCH.DE vs. CSY9.DE
IBCH.DE (iShares MSCI World EUR Hedged UCITS ETF Accumulating) and CSY9.DE (CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD) are both Global Equities funds - IBCH.DE tracks the MSCI World 100% Hedged to EUR Net while CSY9.DE tracks the MSCI World ESG Leaders Minimum Volatility. Both are passively managed. Over the past 5 years, IBCH.DE returned 10.57%/yr vs 6.22%/yr for CSY9.DE. A 0.57 correlation means they provide meaningful diversification when combined. IBCH.DE charges 0.55%/yr vs 0.25%/yr for CSY9.DE.
Performance
IBCH.DE vs. CSY9.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCH.DE achieves a 8.84% return, which is significantly higher than CSY9.DE's 3.19% return.
IBCH.DE
- 1D
- 0.09%
- 1M
- 2.82%
- YTD
- 8.84%
- 6M
- 9.58%
- 1Y
- 23.44%
- 3Y*
- 18.41%
- 5Y*
- 10.57%
- 10Y*
- 11.23%
CSY9.DE
- 1D
- 0.16%
- 1M
- 2.71%
- YTD
- 3.19%
- 6M
- 3.19%
- 1Y
- 3.39%
- 3Y*
- 6.65%
- 5Y*
- 6.22%
- 10Y*
- —
IBCH.DE vs. CSY9.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBCH.DE iShares MSCI World EUR Hedged UCITS ETF Accumulating | 8.84% | 16.80% | 19.60% | 21.25% | -18.84% | 23.63% | 15.13% |
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 IBCH.DE and CSY9.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2020 | 0.57 |
Over the past year, the correlation between IBCH.DE and CSY9.DE has dropped to 0.36 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
IBCH.DE vs. CSY9.DE — Risk / Return Rank
IBCH.DE
CSY9.DE
IBCH.DE vs. CSY9.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World EUR Hedged UCITS ETF Accumulating (IBCH.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.
| IBCH.DE | CSY9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.07 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 0.69 | +2.35 |
| Martin ratioReturn relative to average drawdown | 13.04 | 1.54 | +11.50 |
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
| IBCH.DE | CSY9.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 0.38 | +1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.51 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.61 | +0.03 |
Drawdowns
IBCH.DE vs. CSY9.DE - Drawdown Comparison
The maximum IBCH.DE drawdown since its inception was -33.56%, 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 IBCH.DE and CSY9.DE.
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Drawdown Indicators
| IBCH.DE | CSY9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.56% | -13.92% | -19.64% |
Max Drawdown (1Y)Largest decline over 1 year | -7.79% | -4.48% | -3.31% |
Max Drawdown (3Y)Largest decline over 3 years | -17.58% | -13.92% | -3.66% |
Max Drawdown (5Y)Largest decline over 5 years | -23.68% | -13.92% | -9.76% |
Max Drawdown (10Y)Largest decline over 10 years | -33.56% | — | — |
Current DrawdownCurrent decline from peak | -0.39% | -2.72% | +2.33% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -3.70% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 2.00% | -0.18% |
Volatility
IBCH.DE vs. CSY9.DE - Volatility Comparison
iShares MSCI World EUR Hedged UCITS ETF Accumulating (IBCH.DE) has a higher volatility of 2.94% compared to CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD (CSY9.DE) at 2.09%. This indicates that IBCH.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
| IBCH.DE | CSY9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 2.09% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 5.48% | +3.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.40% | 8.07% | +3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 12.03% | +2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.32% | 11.91% | +3.41% |
IBCH.DE vs. CSY9.DE - Expense Ratio Comparison
IBCH.DE has a 0.55% expense ratio, which is higher than CSY9.DE's 0.25% expense ratio.
Dividends
IBCH.DE vs. CSY9.DE - Dividend Comparison
Neither IBCH.DE nor CSY9.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCH.DE and CSY9.DE have a correlation of 0.36, 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 0.55% for IBCH.DE.
IBCH.DE tracks MSCI World 100% Hedged to EUR Net, while CSY9.DE tracks MSCI World ESG Leaders Minimum Volatility. They also come from different issuers: iShares and Credit Suisse. Their fees differ too: 0.55% for IBCH.DE and 0.25% for CSY9.DE.
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