MIVU.DE vs. CSY2.DE
MIVU.DE (Amundi MSCI USA Minimum Volatility Factor UCITS ETF) and CSY2.DE (CSIF (IE) MSCI USA ESG Leaders Blue UCITS ETF B USD) are both Large Cap Blend Equities funds - MIVU.DE tracks the MSCI USA Minimum Volatility while CSY2.DE tracks the MSCI USA ESG Leaders. Both are passively managed. Over the past 5 years, MIVU.DE returned 8.13%/yr vs 14.65%/yr for CSY2.DE. A 0.72 correlation means they provide meaningful diversification when combined. MIVU.DE charges 0.18%/yr vs 0.10%/yr for CSY2.DE.
Performance
MIVU.DE vs. CSY2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MIVU.DE achieves a 2.88% return, which is significantly lower than CSY2.DE's 10.74% return.
MIVU.DE
- 1D
- -0.26%
- 1M
- 3.04%
- YTD
- 2.88%
- 6M
- 3.17%
- 1Y
- 2.54%
- 3Y*
- 8.40%
- 5Y*
- 8.13%
- 10Y*
- —
CSY2.DE
- 1D
- 0.76%
- 1M
- 5.76%
- YTD
- 10.74%
- 6M
- 11.43%
- 1Y
- 26.36%
- 3Y*
- 19.25%
- 5Y*
- 14.65%
- 10Y*
- —
MIVU.DE vs. CSY2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MIVU.DE Amundi MSCI USA Minimum Volatility Factor UCITS ETF | 2.88% | -3.87% | 22.89% | 5.36% | -4.28% | 31.88% | 12.80% |
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 MIVU.DE and CSY2.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2020 | 0.72 |
Over the past year, the correlation between MIVU.DE and CSY2.DE has dropped to 0.40 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
MIVU.DE vs. CSY2.DE — Risk / Return Rank
MIVU.DE
CSY2.DE
MIVU.DE vs. CSY2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.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.
| MIVU.DE | CSY2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.38 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 2.87 | -2.35 |
| Martin ratioReturn relative to average drawdown | 1.15 | 10.08 | -8.92 |
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
| MIVU.DE | CSY2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 2.10 | -1.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.90 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 1.18 | -0.58 |
Drawdowns
MIVU.DE vs. CSY2.DE - Drawdown Comparison
The maximum MIVU.DE drawdown since its inception was -32.69%, 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 MIVU.DE and CSY2.DE.
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Drawdown Indicators
| MIVU.DE | CSY2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.69% | -24.56% | -8.13% |
Max Drawdown (1Y)Largest decline over 1 year | -4.83% | -9.14% | +4.31% |
Max Drawdown (3Y)Largest decline over 3 years | -14.89% | -24.56% | +9.67% |
Max Drawdown (5Y)Largest decline over 5 years | -14.89% | -24.56% | +9.67% |
Current DrawdownCurrent decline from peak | -6.68% | -0.02% | -6.66% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -4.64% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 2.61% | -0.41% |
Volatility
MIVU.DE vs. CSY2.DE - Volatility Comparison
The current volatility for Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.DE) is 2.83%, while CSIF (IE) MSCI USA ESG Leaders Blue UCITS ETF B USD (CSY2.DE) has a volatility of 3.21%. This indicates that MIVU.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
| MIVU.DE | CSY2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 3.21% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 6.02% | 8.56% | -2.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.94% | 12.52% | -3.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.89% | 16.24% | -4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.97% | 17.19% | -3.22% |
MIVU.DE vs. CSY2.DE - Expense Ratio Comparison
MIVU.DE has a 0.18% expense ratio, which is higher than CSY2.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MIVU.DE vs. CSY2.DE - Dividend Comparison
Neither MIVU.DE nor CSY2.DE has paid dividends to shareholders.
Frequently Asked Questions
MIVU.DE and CSY2.DE have a correlation of 0.40, 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 0.18% for MIVU.DE.
MIVU.DE tracks MSCI USA Minimum Volatility, while CSY2.DE tracks MSCI USA ESG Leaders. They also come from different issuers: Amundi and Credit Suisse. Their fees differ too: 0.18% for MIVU.DE and 0.10% for CSY2.DE.
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