IQQN.DE vs. CSY2.DE
IQQN.DE (iShares MSCI North America UCITS ETF) and CSY2.DE (CSIF (IE) MSCI USA ESG Leaders Blue UCITS ETF B USD) are both Large Cap Blend Equities funds - IQQN.DE tracks the MSCI North America while CSY2.DE tracks the MSCI USA ESG Leaders. Both are passively managed. Over the past 5 years, IQQN.DE returned 13.97%/yr vs 14.65%/yr for CSY2.DE. Their correlation of 0.94 suggests significant overlap in exposure. IQQN.DE charges 0.40%/yr vs 0.10%/yr for CSY2.DE.
Performance
IQQN.DE vs. CSY2.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IQQN.DE having a 11.09% return and CSY2.DE slightly lower at 10.74%.
IQQN.DE
- 1D
- -0.05%
- 1M
- 5.20%
- YTD
- 11.09%
- 6M
- 11.12%
- 1Y
- 25.13%
- 3Y*
- 18.64%
- 5Y*
- 13.97%
- 10Y*
- 14.38%
CSY2.DE
- 1D
- 0.76%
- 1M
- 5.76%
- YTD
- 10.74%
- 6M
- 11.43%
- 1Y
- 26.36%
- 3Y*
- 19.25%
- 5Y*
- 14.65%
- 10Y*
- —
IQQN.DE vs. CSY2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IQQN.DE iShares MSCI North America UCITS ETF | 11.09% | 4.95% | 31.43% | 22.31% | -15.50% | 38.10% | 39.04% |
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 IQQN.DE and CSY2.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2020 | 0.94 |
The correlation between IQQN.DE and CSY2.DE has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.
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Return for Risk
IQQN.DE vs. CSY2.DE — Risk / Return Rank
IQQN.DE
CSY2.DE
IQQN.DE vs. CSY2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI North America UCITS ETF (IQQN.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.
| IQQN.DE | CSY2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.38 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 2.87 | +0.59 |
| Martin ratioReturn relative to average drawdown | 12.25 | 10.08 | +2.17 |
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
| IQQN.DE | CSY2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.10 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.90 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 1.18 | -0.59 |
Drawdowns
IQQN.DE vs. CSY2.DE - Drawdown Comparison
The maximum IQQN.DE drawdown since its inception was -52.40%, 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 IQQN.DE and CSY2.DE.
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Drawdown Indicators
| IQQN.DE | CSY2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.40% | -24.56% | -27.84% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -9.14% | +1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -24.56% | +1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | -24.56% | +1.10% |
Max Drawdown (10Y)Largest decline over 10 years | -34.38% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | -0.02% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -4.64% | -4.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.61% | -0.56% |
Volatility
IQQN.DE vs. CSY2.DE - Volatility Comparison
The current volatility for iShares MSCI North America UCITS ETF (IQQN.DE) is 2.66%, while CSIF (IE) MSCI USA ESG Leaders Blue UCITS ETF B USD (CSY2.DE) has a volatility of 3.21%. This indicates that IQQN.DE experiences smaller price fluctuations and is considered to be less risky than CSY2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQQN.DE | CSY2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 3.21% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 8.56% | -1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.56% | 12.52% | -0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 16.24% | -1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 17.19% | -1.10% |
IQQN.DE vs. CSY2.DE - Expense Ratio Comparison
IQQN.DE has a 0.40% expense ratio, which is higher than CSY2.DE's 0.10% expense ratio.
Dividends
IQQN.DE vs. CSY2.DE - Dividend Comparison
IQQN.DE's dividend yield for the trailing twelve months is around 0.61%, while CSY2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSY2.DE CSIF (IE) MSCI USA ESG Leaders Blue UCITS ETF B USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IQQN.DE iShares MSCI North America UCITS ETF | 0.61% | 0.68% | 0.75% | 0.99% | 1.15% | 0.73% | 1.09% | 1.22% | 1.42% | 1.34% | 1.37% | 1.53% |
Frequently Asked Questions
With a correlation of 0.94, IQQN.DE and CSY2.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.
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 0.40% for IQQN.DE.
IQQN.DE tracks MSCI North America, while CSY2.DE tracks MSCI USA ESG Leaders. They also come from different issuers: iShares and Credit Suisse. Their fees differ too: 0.40% for IQQN.DE and 0.10% for CSY2.DE.
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