PAJS.L vs. CSY8.DE
PAJS.L (Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc) and CSY8.DE (CSIF (IE) MSCI USA Small Cap ESG Leaders Blue UCITS ETF B USD) are both exchange-traded funds - PAJS.L is a Japan Equities fund tracking the TOPIX TR JPY, while CSY8.DE is a Small Cap Blend Equities fund tracking the MSCI USA Small Cap ESG Leaders. Both are passively managed. Over the past 3 years, PAJS.L returned 6.52%/yr vs 11.22%/yr for CSY8.DE. At a 0.40 correlation, their price movements are largely independent. PAJS.L charges 0.19%/yr vs 0.20%/yr for CSY8.DE.
Performance
PAJS.L vs. CSY8.DE - Performance Comparison
Loading charts...
Different Trading Currencies
PAJS.L is traded in GBp, while CSY8.DE is traded in EUR. To make them comparable, the CSY8.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, PAJS.L achieves a 7.24% return, which is significantly lower than CSY8.DE's 12.00% return.
PAJS.L
- 1D
- -0.95%
- 1M
- 1.09%
- YTD
- 7.24%
- 6M
- 5.38%
- 1Y
- 20.25%
- 3Y*
- 6.52%
- 5Y*
- —
- 10Y*
- —
CSY8.DE
- 1D
- 0.87%
- 1M
- 3.75%
- YTD
- 12.00%
- 6M
- 12.18%
- 1Y
- 29.26%
- 3Y*
- 11.22%
- 5Y*
- 6.55%
- 10Y*
- —
PAJS.L vs. CSY8.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PAJS.L Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc | 7.24% | 13.24% | 0.76% | 8.67% | -14.19% | -3.23% |
CSY8.DE CSIF (IE) MSCI USA Small Cap ESG Leaders Blue UCITS ETF B USD | 11.95% | 2.36% | 8.65% | 10.25% | -6.68% | -1.41% |
Correlation
The correlation between PAJS.L and CSY8.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021 | 0.40 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PAJS.L vs. CSY8.DE — Risk / Return Rank
PAJS.L
CSY8.DE
PAJS.L vs. CSY8.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc (PAJS.L) and CSIF (IE) MSCI USA Small Cap ESG Leaders Blue UCITS ETF B USD (CSY8.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.
| PAJS.L | CSY8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.30 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 3.76 | -2.14 |
| Martin ratioReturn relative to average drawdown | 5.02 | 12.77 | -7.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| PAJS.L | CSY8.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.75 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.58 | -0.48 |
Drawdowns
PAJS.L vs. CSY8.DE - Drawdown Comparison
The maximum PAJS.L drawdown since its inception was -29.71%, roughly equal to the maximum CSY8.DE drawdown of -29.83%. Use the drawdown chart below to compare losses from any high point for PAJS.L and CSY8.DE.
Loading charts...
Drawdown Indicators
| PAJS.L | CSY8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.71% | -29.83% | +0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -7.76% | -4.16% |
Max Drawdown (3Y)Largest decline over 3 years | -29.71% | -29.83% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.83% | — |
Current DrawdownCurrent decline from peak | -7.43% | 0.00% | -7.43% |
Average DrawdownAverage peak-to-trough decline | -16.45% | -6.79% | -9.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 2.29% | +1.55% |
Volatility
PAJS.L vs. CSY8.DE - Volatility Comparison
Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc (PAJS.L) has a higher volatility of 4.40% compared to CSIF (IE) MSCI USA Small Cap ESG Leaders Blue UCITS ETF B USD (CSY8.DE) at 4.07%. This indicates that PAJS.L's price experiences larger fluctuations and is considered to be riskier than CSY8.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PAJS.L | CSY8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 4.07% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 14.33% | 10.83% | +3.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.01% | 16.62% | +1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.26% | 19.74% | +2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.26% | 19.86% | +2.40% |
PAJS.L vs. CSY8.DE - Expense Ratio Comparison
PAJS.L has a 0.19% expense ratio, which is lower than CSY8.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
PAJS.L vs. CSY8.DE - Dividend Comparison
Neither PAJS.L nor CSY8.DE has paid dividends to shareholders.
Frequently Asked Questions
PAJS.L and CSY8.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PAJS.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PAJS.L is cheaper with a 0.19% expense ratio, compared with 0.20% for CSY8.DE.
PAJS.L is categorized as Japan Equities, while CSY8.DE is Small Cap Blend Equities. PAJS.L tracks TOPIX TR JPY, while CSY8.DE tracks MSCI USA Small Cap ESG Leaders. They also come from different issuers: Invesco and Credit Suisse. Their fees differ too: 0.19% for PAJS.L and 0.20% for CSY8.DE.
Find the right allocation for PAJS.L and CSY8.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer