IWLE.DE vs. CSY9.DE
IWLE.DE (iShares Core MSCI World UCITS ETF EUR Hedged Dist) and CSY9.DE (CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD) are both Global Equities funds - IWLE.DE tracks the MSCI World Net TR Index while CSY9.DE tracks the MSCI World ESG Leaders Minimum Volatility. Both are passively managed. Over the past year, IWLE.DE returned 20.78% vs 8.02% for CSY9.DE. At a 0.45 correlation, their price movements are largely independent. IWLE.DE charges 0.30%/yr vs 0.25%/yr for CSY9.DE.
Performance
IWLE.DE vs. CSY9.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IWLE.DE achieves a 7.23% return, which is significantly higher than CSY9.DE's 5.03% return.
IWLE.DE
- 1D
- -0.47%
- 1M
- -0.85%
- YTD
- 7.23%
- 6M
- 7.12%
- 1Y
- 20.78%
- 3Y*
- 17.76%
- 5Y*
- 10.03%
- 10Y*
- —
CSY9.DE
- 1D
- 0.00%
- 1M
- 1.83%
- YTD
- 5.03%
- 6M
- 5.49%
- 1Y
- 8.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWLE.DE vs. CSY9.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 7.23% | 16.76% | 4.05% |
CSY9.DE CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD | 5.03% | -0.67% | 3.39% |
Correlation
The correlation between IWLE.DE and CSY9.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2024 | 0.45 |
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Return for Risk
IWLE.DE vs. CSY9.DE — Risk / Return Rank
IWLE.DE
CSY9.DE
IWLE.DE vs. CSY9.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IWLE.DE | CSY9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.17 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 1.80 | +0.77 |
| Martin ratioReturn relative to average drawdown | 11.25 | 5.09 | +6.16 |
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Drawdowns
IWLE.DE vs. CSY9.DE - Drawdown Comparison
The maximum IWLE.DE drawdown since its inception was -32.76%, 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 IWLE.DE and CSY9.DE.
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Drawdown Indicators
| IWLE.DE | CSY9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.76% | -13.92% | -18.84% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -4.48% | -3.57% |
Max Drawdown (3Y)Largest decline over 3 years | -17.60% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.49% | — | — |
Current DrawdownCurrent decline from peak | -1.77% | -0.98% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -4.75% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 1.58% | +0.26% |
Volatility
IWLE.DE vs. CSY9.DE - Volatility Comparison
iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) has a higher volatility of 4.07% compared to CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD (CSY9.DE) at 2.05%. This indicates that IWLE.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
| IWLE.DE | CSY9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 2.05% | +2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 5.64% | +4.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 8.18% | +4.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 10.96% | +4.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 10.96% | +5.80% |
IWLE.DE vs. CSY9.DE - Expense Ratio Comparison
IWLE.DE has a 0.30% expense ratio, which is higher than CSY9.DE's 0.25% expense ratio.
Dividends
IWLE.DE vs. CSY9.DE - Dividend Comparison
IWLE.DE's dividend yield for the trailing twelve months is around 1.05%, while CSY9.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CSY9.DE CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 1.05% | 1.11% | 1.27% | 1.43% | 1.76% | 1.20% | 1.04% | 0.53% |
Frequently Asked Questions
IWLE.DE and CSY9.DE have a correlation of 0.37, 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 IWLE.DE.
IWLE.DE tracks MSCI World Net TR Index, while CSY9.DE tracks MSCI World ESG Leaders Minimum Volatility. They also come from different issuers: iShares and Credit Suisse. Their fees differ too: 0.30% for IWLE.DE and 0.25% for CSY9.DE.
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