SPP1.DE vs. CSY9.DE
SPP1.DE (State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc)) and CSY9.DE (CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD) are both Global Equities funds - SPP1.DE tracks the MSCI ACWI with Developed Markets 100% Hedged to EUR Index while CSY9.DE tracks the MSCI World ESG Leaders Minimum Volatility. Both are passively managed. Over the past year, SPP1.DE returned 22.91% vs 8.87% for CSY9.DE. At a 0.43 correlation, their price movements are largely independent. SPP1.DE charges 0.17%/yr vs 0.25%/yr for CSY9.DE.
Performance
SPP1.DE vs. CSY9.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPP1.DE achieves a 11.13% return, which is significantly higher than CSY9.DE's 6.58% return.
SPP1.DE
- 1D
- 0.60%
- 1M
- 0.08%
- 6M
- 11.32%
- YTD
- 11.13%
- 1Y
- 22.91%
- 3Y*
- 18.01%
- 5Y*
- 10.21%
- 10Y*
- —
CSY9.DE
- 1D
- 0.00%
- 1M
- 3.45%
- 6M
- 7.81%
- YTD
- 6.58%
- 1Y
- 8.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPP1.DE vs. CSY9.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPP1.DE State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) | 11.13% | 17.43% | 4.29% |
CSY9.DE CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD | 6.58% | -0.67% | 3.39% |
Correlation
The correlation between SPP1.DE and CSY9.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2024 | 0.43 |
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Return for Risk
SPP1.DE vs. CSY9.DE — Risk / Return Rank
SPP1.DE
CSY9.DE
SPP1.DE vs. CSY9.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) (SPP1.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.
| SPP1.DE | CSY9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.19 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 1.99 | +0.79 |
| Martin ratioReturn relative to average drawdown | 11.61 | 5.64 | +5.97 |
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Drawdowns
SPP1.DE vs. CSY9.DE - Drawdown Comparison
The maximum SPP1.DE drawdown since its inception was -32.51%, 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 SPP1.DE and CSY9.DE.
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Drawdown Indicators
| SPP1.DE | CSY9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.51% | -13.92% | -18.59% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -4.48% | -3.73% |
Max Drawdown (3Y)Largest decline over 3 years | -17.70% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.77% | — | — |
Current DrawdownCurrent decline from peak | -0.37% | 0.00% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -4.70% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.58% | +0.39% |
Volatility
SPP1.DE vs. CSY9.DE - Volatility Comparison
State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) (SPP1.DE) has a higher volatility of 3.99% compared to CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD (CSY9.DE) at 2.07%. This indicates that SPP1.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
| SPP1.DE | CSY9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 2.07% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 9.80% | 5.58% | +4.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.21% | 8.17% | +4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.63% | 10.91% | +3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 10.91% | +5.75% |
SPP1.DE vs. CSY9.DE - Expense Ratio Comparison
SPP1.DE has a 0.17% expense ratio, which is lower than CSY9.DE's 0.25% 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
SPP1.DE vs. CSY9.DE - Dividend Comparison
Neither SPP1.DE nor CSY9.DE has paid dividends to shareholders.
Frequently Asked Questions
SPP1.DE and CSY9.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPP1.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPP1.DE is cheaper with a 0.17% expense ratio, compared with 0.25% for CSY9.DE.
SPP1.DE tracks MSCI ACWI with Developed Markets 100% Hedged to EUR Index, while CSY9.DE tracks MSCI World ESG Leaders Minimum Volatility. They also come from different issuers: State Street and Credit Suisse. Their fees differ too: 0.17% for SPP1.DE and 0.25% for CSY9.DE.
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