MVEW.DE vs. CSY9.DE
MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) and CSY9.DE (CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD) are both Global Equities funds - MVEW.DE tracks the MSCI ACWI NR USD while CSY9.DE tracks the MSCI World ESG Leaders Minimum Volatility. Both are passively managed. Over the past 5 years, MVEW.DE returned 6.47%/yr vs 6.22%/yr for CSY9.DE. Their correlation of 0.87 suggests significant overlap in exposure. MVEW.DE charges 0.30%/yr vs 0.25%/yr for CSY9.DE.
Performance
MVEW.DE vs. CSY9.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MVEW.DE achieves a 1.17% return, which is significantly lower than CSY9.DE's 3.19% return.
MVEW.DE
- 1D
- 0.07%
- 1M
- 2.04%
- YTD
- 1.17%
- 6M
- 1.03%
- 1Y
- 0.94%
- 3Y*
- 6.53%
- 5Y*
- 6.47%
- 10Y*
- —
CSY9.DE
- 1D
- 0.16%
- 1M
- 2.71%
- YTD
- 3.19%
- 6M
- 3.19%
- 1Y
- 3.39%
- 3Y*
- 6.65%
- 5Y*
- 6.22%
- 10Y*
- —
MVEW.DE vs. CSY9.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 1.17% | -0.99% | 17.25% | 6.27% | -5.98% | 26.26% | 2.12% |
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 MVEW.DE and CSY9.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2020 | 0.87 |
The correlation between MVEW.DE and CSY9.DE has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.
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Return for Risk
MVEW.DE vs. CSY9.DE — Risk / Return Rank
MVEW.DE
CSY9.DE
MVEW.DE vs. CSY9.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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.
| MVEW.DE | CSY9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.07 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | 0.69 | -0.59 |
| Martin ratioReturn relative to average drawdown | 0.20 | 1.54 | -1.34 |
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
| MVEW.DE | CSY9.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 0.38 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.51 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.61 | +0.03 |
Drawdowns
MVEW.DE vs. CSY9.DE - Drawdown Comparison
The maximum MVEW.DE drawdown since its inception was -13.19%, smaller than the maximum CSY9.DE drawdown of -13.92%. Use the drawdown chart below to compare losses from any high point for MVEW.DE and CSY9.DE.
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Drawdown Indicators
| MVEW.DE | CSY9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.19% | -13.92% | +0.73% |
Max Drawdown (1Y)Largest decline over 1 year | -4.68% | -4.48% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -13.19% | -13.92% | +0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -13.19% | -13.92% | +0.73% |
Current DrawdownCurrent decline from peak | -5.75% | -2.72% | -3.03% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -3.70% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.00% | +0.27% |
Volatility
MVEW.DE vs. CSY9.DE - Volatility Comparison
iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) has a higher volatility of 2.58% compared to CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD (CSY9.DE) at 2.09%. This indicates that MVEW.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
| MVEW.DE | CSY9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.58% | 2.09% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 5.42% | 5.48% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.97% | 8.07% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.25% | 12.03% | -1.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.82% | 11.91% | -1.09% |
MVEW.DE vs. CSY9.DE - Expense Ratio Comparison
MVEW.DE has a 0.30% expense ratio, which is higher than CSY9.DE's 0.25% expense ratio.
Dividends
MVEW.DE vs. CSY9.DE - Dividend Comparison
Neither MVEW.DE nor CSY9.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, MVEW.DE and CSY9.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, 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 MVEW.DE.
MVEW.DE tracks MSCI ACWI NR USD, 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 MVEW.DE and 0.25% for CSY9.DE.
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