SPYI.DE vs. CSY9.DE
SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) and CSY9.DE (CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD) are both Global Equities funds - SPYI.DE tracks the MSCI All Country World Investable Market (ACWI IMI) while CSY9.DE tracks the MSCI World ESG Leaders Minimum Volatility. Both are passively managed. Over the past 5 years, SPYI.DE returned 12.01%/yr vs 6.22%/yr for CSY9.DE. A 0.69 correlation means they provide meaningful diversification when combined. SPYI.DE charges 0.17%/yr vs 0.25%/yr for CSY9.DE.
Performance
SPYI.DE vs. CSY9.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYI.DE achieves a 13.27% return, which is significantly higher than CSY9.DE's 3.19% return.
SPYI.DE
- 1D
- -0.12%
- 1M
- 5.15%
- YTD
- 13.27%
- 6M
- 13.93%
- 1Y
- 27.79%
- 3Y*
- 17.57%
- 5Y*
- 12.01%
- 10Y*
- 12.12%
CSY9.DE
- 1D
- 0.16%
- 1M
- 2.99%
- YTD
- 3.19%
- 6M
- 3.34%
- 1Y
- 3.09%
- 3Y*
- 6.65%
- 5Y*
- 6.22%
- 10Y*
- —
SPYI.DE vs. CSY9.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 13.27% | 9.10% | 22.92% | 17.54% | -12.90% | 27.74% | 14.29% |
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 SPYI.DE and CSY9.DE is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2020 | 0.69 |
The correlation between SPYI.DE and CSY9.DE shifts across timeframes, from 0.52 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYI.DE vs. CSY9.DE — Risk / Return Rank
SPYI.DE
CSY9.DE
SPYI.DE vs. CSY9.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI IMI UCITS ETF (SPYI.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.
| SPYI.DE | CSY9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.03 | ||
| Sortino ratioReturn per unit of downside risk | +2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.07 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 0.69 | +3.63 |
| Martin ratioReturn relative to average drawdown | 17.43 | 1.54 | +15.89 |
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
| SPYI.DE | CSY9.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 0.38 | +2.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.51 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.61 | +0.23 |
Drawdowns
SPYI.DE vs. CSY9.DE - Drawdown Comparison
The maximum SPYI.DE drawdown since its inception was -34.60%, 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 SPYI.DE and CSY9.DE.
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Drawdown Indicators
| SPYI.DE | CSY9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.60% | -13.92% | -20.68% |
Max Drawdown (1Y)Largest decline over 1 year | -6.41% | -4.48% | -1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -21.66% | -13.92% | -7.74% |
Max Drawdown (5Y)Largest decline over 5 years | -21.66% | -13.92% | -7.74% |
Max Drawdown (10Y)Largest decline over 10 years | -34.60% | — | — |
Current DrawdownCurrent decline from peak | -0.56% | -2.72% | +2.16% |
Average DrawdownAverage peak-to-trough decline | -4.34% | -3.70% | -0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 2.00% | -0.41% |
Volatility
SPYI.DE vs. CSY9.DE - Volatility Comparison
SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) has a higher volatility of 3.11% compared to CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD (CSY9.DE) at 2.09%. This indicates that SPYI.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
| SPYI.DE | CSY9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 2.09% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 5.48% | +2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.48% | 8.07% | +3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 12.03% | +1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 11.91% | +3.27% |
SPYI.DE vs. CSY9.DE - Expense Ratio Comparison
SPYI.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
SPYI.DE vs. CSY9.DE - Dividend Comparison
Neither SPYI.DE nor CSY9.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYI.DE and CSY9.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYI.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYI.DE is cheaper with a 0.17% expense ratio, compared with 0.25% for CSY9.DE.
SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI), 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 SPYI.DE and 0.25% for CSY9.DE.
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