WGES.DE vs. CSY9.DE

Last updated Jul 22, 2026

WGES.DE (Amundi MSCI World SRI Climate Paris Aligned UCITS ETF Dist) and CSY9.DE (CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD) are both Global Equities funds - WGES.DE tracks the MSCI World SRI Filtered PAB Index while CSY9.DE tracks the MSCI World ESG Leaders Minimum Volatility. Both are passively managed. Over the past year, WGES.DE returned 22.30% vs 9.25% for CSY9.DE. A 0.60 correlation means they provide meaningful diversification when combined. WGES.DE charges 0.18%/yr vs 0.25%/yr for CSY9.DE.

Performance

WGES.DE vs. CSY9.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi MSCI World SRI Climate Paris Aligned UCITS ETF Dist (WGES.DE) and CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD (CSY9.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WGES.DE achieves a 14.97% return, which is significantly higher than CSY9.DE's 6.33% return.

WGES.DE

• 1D: 0.00%
• 1M: -1.54%
• 6M: 11.96%
• YTD: 14.97%
• 1Y: 22.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.01%

CSY9.DE

• 1D: 0.00%
• 1M: 3.20%
• 6M: 6.94%
• YTD: 6.33%
• 1Y: 9.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.74%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WGES.DE vs. CSY9.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WGES.DE Amundi MSCI World SRI Climate Paris Aligned UCITS ETF Dist	14.97%	2.20%	7.02%
CSY9.DE CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD	6.33%	-0.67%	3.39%

Correlation

The correlation between WGES.DE and CSY9.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Aug 26, 2024	0.60

The correlation between WGES.DE and CSY9.DE shifts across timeframes, from 0.46 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WGES.DE vs. CSY9.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WGES.DE

WGES.DE Risk / Return Rank: 69
WGES.DE Sharpe Ratio Rank: 67
WGES.DE Sortino Ratio Rank: 68
WGES.DE Omega Ratio Rank: 65
WGES.DE Calmar Ratio Rank: 72
WGES.DE Martin Ratio Rank: 74

CSY9.DE

CSY9.DE Risk / Return Rank: 45
CSY9.DE Sharpe Ratio Rank: 43
CSY9.DE Sortino Ratio Rank: 41
CSY9.DE Omega Ratio Rank: 41
CSY9.DE Calmar Ratio Rank: 55
CSY9.DE Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WGES.DE vs. CSY9.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World SRI Climate Paris Aligned UCITS ETF Dist (WGES.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.

	WGES.DE	CSY9.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.16	+0.49
Sortino ratio: Return per unit of downside risk	2.39	1.62	+0.77
Omega ratio: Gain probability vs. loss probability	1.30	1.20	+0.09
Calmar ratio: Return relative to maximum drawdown	2.76	2.07	+0.69
Martin ratio: Return relative to average drawdown	10.09	5.87	+4.23

WGES.DE vs. CSY9.DE - Sharpe Ratio Comparison

The current WGES.DE Sharpe Ratio is 1.65, which is higher than the CSY9.DE Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of WGES.DE and CSY9.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WGES.DE vs. CSY9.DE - Drawdown Comparison

The maximum WGES.DE drawdown since its inception was -22.15%, 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 WGES.DE and CSY9.DE.

Drawdown Indicators

	WGES.DE	CSY9.DE	Difference
Max Drawdown Largest peak-to-trough decline	-22.15%	-13.92%	-8.23%
Max Drawdown (1Y) Largest decline over 1 year	-8.04%	-4.48%	-3.56%
Current Drawdown Current decline from peak	-3.40%	-1.19%	-2.21%
Average Drawdown Average peak-to-trough decline	-3.80%	-4.60%	+0.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	1.58%	+0.62%

Volatility

WGES.DE vs. CSY9.DE - Volatility Comparison

Amundi MSCI World SRI Climate Paris Aligned UCITS ETF Dist (WGES.DE) has a higher volatility of 4.50% compared to CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD (CSY9.DE) at 2.32%. This indicates that WGES.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.

Volatility by Period

	WGES.DE	CSY9.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	2.32%	+2.18%
Volatility (6M) Calculated over the trailing 6-month period	10.37%	5.57%	+4.80%
Volatility (1Y) Calculated over the trailing 1-year period	13.44%	8.00%	+5.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.04%	10.85%	+4.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.04%	10.85%	+4.19%

WGES.DE vs. CSY9.DE - Expense Ratio Comparison

WGES.DE has a 0.18% 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

WGES.DE vs. CSY9.DE - Dividend Comparison

WGES.DE's dividend yield for the trailing twelve months is around 1.17%, while CSY9.DE has not paid dividends to shareholders.

Position	TTM	2025
CSY9.DE CSIF (IE) MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF B USD	0.00%	0.00%
WGES.DE Amundi MSCI World SRI Climate Paris Aligned UCITS ETF Dist	1.17%	1.17%

Frequently Asked Questions

Can I hold both WGES.DE and CSY9.DE in my portfolio?

WGES.DE and CSY9.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WGES.DE or CSY9.DE?

On fees, WGES.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WGES.DE or CSY9.DE?

WGES.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for CSY9.DE.

What is the main difference between WGES.DE and CSY9.DE?

WGES.DE tracks MSCI World SRI Filtered PAB Index, while CSY9.DE tracks MSCI World ESG Leaders Minimum Volatility. They also come from different issuers: Amundi and Credit Suisse. Their fees differ too: 0.18% for WGES.DE and 0.25% for CSY9.DE.