CEBP.DE vs. SEC0.DE
CEBP.DE (iShares MSCI EMU USD Hedged UCITS ETF (Acc)) and SEC0.DE (iShares MSCI Global Semiconductors UCITS ETF USD (Acc)) are both exchange-traded funds - CEBP.DE is a Europe Equities fund tracking the MSCI EMU 100% Hedged to USD Index, while SEC0.DE is a Semiconductors fund tracking the MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped. Both are passively managed. Over the past 3 years, CEBP.DE returned 17.21%/yr vs 54.46%/yr for SEC0.DE. A 0.58 correlation means they provide meaningful diversification when combined. CEBP.DE charges 0.38%/yr vs 0.35%/yr for SEC0.DE.
Performance
CEBP.DE vs. SEC0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEBP.DE achieves a 18.33% return, which is significantly lower than SEC0.DE's 98.18% return.
CEBP.DE
- 1D
- 1.07%
- 1M
- 6.87%
- 6M
- 17.26%
- YTD
- 18.33%
- 1Y
- 30.12%
- 3Y*
- 17.21%
- 5Y*
- 14.39%
- 10Y*
- 13.04%
SEC0.DE
- 1D
- 0.00%
- 1M
- -2.81%
- 6M
- 92.87%
- YTD
- 98.18%
- 1Y
- 165.40%
- 3Y*
- 54.46%
- 5Y*
- —
- 10Y*
- —
CEBP.DE vs. SEC0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CEBP.DE iShares MSCI EMU USD Hedged UCITS ETF (Acc) | 18.33% | 12.28% | 17.61% | 17.66% | -3.75% | 7.79% |
SEC0.DE iShares MSCI Global Semiconductors UCITS ETF USD (Acc) | 98.18% | 36.46% | 20.85% | 61.01% | -32.22% | 21.50% |
Correlation
The correlation between CEBP.DE and SEC0.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021 | 0.58 |
The correlation between CEBP.DE and SEC0.DE has been stable across timeframes, ranging from 0.55 to 0.58 - a consistent structural relationship.
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Return for Risk
CEBP.DE vs. SEC0.DE — Risk / Return Rank
CEBP.DE
SEC0.DE
CEBP.DE vs. SEC0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU USD Hedged UCITS ETF (Acc) (CEBP.DE) and iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.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.
| CEBP.DE | SEC0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.59 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 12.90 | -9.25 |
| Martin ratioReturn relative to average drawdown | 13.30 | 41.13 | -27.83 |
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Drawdowns
CEBP.DE vs. SEC0.DE - Drawdown Comparison
The maximum CEBP.DE drawdown since its inception was -38.05%, roughly equal to the maximum SEC0.DE drawdown of -39.35%. Use the drawdown chart below to compare losses from any high point for CEBP.DE and SEC0.DE.
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Drawdown Indicators
| CEBP.DE | SEC0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.05% | -39.35% | +1.30% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -12.90% | +4.69% |
Max Drawdown (3Y)Largest decline over 3 years | -19.71% | -39.35% | +19.64% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.05% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -11.08% | +11.08% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -11.74% | +5.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 4.04% | -1.78% |
Volatility
CEBP.DE vs. SEC0.DE - Volatility Comparison
The current volatility for iShares MSCI EMU USD Hedged UCITS ETF (Acc) (CEBP.DE) is 3.22%, while iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.DE) has a volatility of 17.34%. This indicates that CEBP.DE experiences smaller price fluctuations and is considered to be less risky than SEC0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEBP.DE | SEC0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 17.34% | -14.12% |
Volatility (6M)Calculated over the trailing 6-month period | 11.02% | 29.82% | -18.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.68% | 36.48% | -21.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 30.70% | -15.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.19% | 30.70% | -13.51% |
CEBP.DE vs. SEC0.DE - Expense Ratio Comparison
CEBP.DE has a 0.38% expense ratio, which is higher than SEC0.DE's 0.35% expense ratio.
Dividends
CEBP.DE vs. SEC0.DE - Dividend Comparison
Neither CEBP.DE nor SEC0.DE has paid dividends to shareholders.
Frequently Asked Questions
CEBP.DE and SEC0.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SEC0.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SEC0.DE is cheaper with a 0.35% expense ratio, compared with 0.38% for CEBP.DE.
CEBP.DE is categorized as Europe Equities, while SEC0.DE is Semiconductors. CEBP.DE tracks MSCI EMU 100% Hedged to USD Index, while SEC0.DE tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped. Their fees differ too: 0.38% for CEBP.DE and 0.35% for SEC0.DE.
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