EUN3.DE vs. SEC0.DE
EUN3.DE (iShares Global Government Bond UCITS ETF USD (Dist)) and SEC0.DE (iShares MSCI Global Semiconductors UCITS ETF USD (Acc)) are both exchange-traded funds - EUN3.DE is a Global Bonds fund tracking the FTSE G7 Government Bond, 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, EUN3.DE returned -1.80%/yr vs 56.37%/yr for SEC0.DE. At a correlation of -0.07, they often move in opposite directions. EUN3.DE charges 0.20%/yr vs 0.35%/yr for SEC0.DE.
Performance
EUN3.DE vs. SEC0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN3.DE achieves a -1.67% return, which is significantly lower than SEC0.DE's 98.10% return.
EUN3.DE
- 1D
- 0.03%
- 1M
- 0.35%
- YTD
- -1.67%
- 6M
- -2.34%
- 1Y
- -2.97%
- 3Y*
- -1.80%
- 5Y*
- -2.76%
- 10Y*
- -1.20%
SEC0.DE
- 1D
- -2.85%
- 1M
- 18.95%
- YTD
- 98.10%
- 6M
- 98.14%
- 1Y
- 188.23%
- 3Y*
- 56.37%
- 5Y*
- —
- 10Y*
- —
EUN3.DE vs. SEC0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EUN3.DE iShares Global Government Bond UCITS ETF USD (Dist) | -1.67% | -5.37% | 2.25% | 0.44% | -12.65% | 0.22% |
SEC0.DE iShares MSCI Global Semiconductors UCITS ETF USD (Acc) | 98.10% | 36.46% | 20.85% | 61.01% | -32.22% | 21.11% |
Correlation
The correlation between EUN3.DE and SEC0.DE is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | -0.07 |
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Return for Risk
EUN3.DE vs. SEC0.DE — Risk / Return Rank
EUN3.DE
SEC0.DE
EUN3.DE vs. SEC0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Government Bond UCITS ETF USD (Dist) (EUN3.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.
| EUN3.DE | SEC0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.64 | ||
| Sortino ratioReturn per unit of downside risk | -6.81 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.75 | -0.86 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 14.81 | -15.51 |
| Martin ratioReturn relative to average drawdown | -1.37 | 52.61 | -53.98 |
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
| EUN3.DE | SEC0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.74 | 5.89 | -6.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 1.17 | -1.00 |
Drawdowns
EUN3.DE vs. SEC0.DE - Drawdown Comparison
The maximum EUN3.DE drawdown since its inception was -22.74%, smaller than the maximum SEC0.DE drawdown of -39.35%. Use the drawdown chart below to compare losses from any high point for EUN3.DE and SEC0.DE.
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Drawdown Indicators
| EUN3.DE | SEC0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.74% | -39.35% | +16.61% |
Max Drawdown (1Y)Largest decline over 1 year | -4.71% | -12.90% | +8.19% |
Max Drawdown (3Y)Largest decline over 3 years | -10.14% | -39.35% | +29.21% |
Max Drawdown (5Y)Largest decline over 5 years | -18.98% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.74% | — | — |
Current DrawdownCurrent decline from peak | -21.83% | -2.85% | -18.98% |
Average DrawdownAverage peak-to-trough decline | -9.52% | -11.85% | +2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 3.64% | -1.22% |
Volatility
EUN3.DE vs. SEC0.DE - Volatility Comparison
The current volatility for iShares Global Government Bond UCITS ETF USD (Dist) (EUN3.DE) is 1.12%, while iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.DE) has a volatility of 13.13%. This indicates that EUN3.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
| EUN3.DE | SEC0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 13.13% | -12.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.34% | 25.14% | -21.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.44% | 32.42% | -27.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.83% | 29.95% | -23.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.23% | 29.95% | -23.72% |
EUN3.DE vs. SEC0.DE - Expense Ratio Comparison
EUN3.DE has a 0.20% expense ratio, which is lower than SEC0.DE's 0.35% expense ratio.
Dividends
EUN3.DE vs. SEC0.DE - Dividend Comparison
EUN3.DE's dividend yield for the trailing twelve months is around 1.50%, while SEC0.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN3.DE iShares Global Government Bond UCITS ETF USD (Dist) | 1.50% | 3.09% | 2.40% | 1.47% | 0.79% | 0.60% | 1.08% | 1.20% | 1.04% | 1.01% | 1.04% | 0.59% |
SEC0.DE iShares MSCI Global Semiconductors UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUN3.DE and SEC0.DE have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN3.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN3.DE is cheaper with a 0.20% expense ratio, compared with 0.35% for SEC0.DE.
EUN3.DE is categorized as Global Bonds, while SEC0.DE is Semiconductors. EUN3.DE tracks FTSE G7 Government Bond, while SEC0.DE tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped. Their fees differ too: 0.20% for EUN3.DE and 0.35% for SEC0.DE.
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