EXS3.DE vs. SEC0.DE

Last updated Jun 5, 2026

EXS3.DE (iShares MDAX UCITS ETF (DE)) and SEC0.DE (iShares MSCI Global Semiconductors UCITS ETF USD (Acc)) are both exchange-traded funds - EXS3.DE is a Europe Equities fund tracking the MDAX®, 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, EXS3.DE returned 6.03%/yr vs 56.37%/yr for SEC0.DE. A 0.57 correlation means they provide meaningful diversification when combined. EXS3.DE charges 0.51%/yr vs 0.35%/yr for SEC0.DE.

Performance

EXS3.DE vs. SEC0.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MDAX UCITS ETF (DE) (EXS3.DE) and iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EXS3.DE achieves a 6.43% return, which is significantly lower than SEC0.DE's 98.10% return.

EXS3.DE

• 1D: 0.21%
• 1M: 5.13%
• YTD: 6.43%
• 6M: 10.24%
• 1Y: 4.92%
• 3Y*: 6.03%
• 5Y*: -1.18%
• 10Y*: 4.04%

SEC0.DE

• 1D: -2.85%
• 1M: 23.18%
• YTD: 98.10%
• 6M: 100.19%
• 1Y: 192.28%
• 3Y*: 56.37%
• 5Y*: —
• 10Y*: —

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

EXS3.DE vs. SEC0.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EXS3.DE iShares MDAX UCITS ETF (DE)	6.43%	19.10%	-6.45%	7.92%	-29.11%	-1.43%
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 EXS3.DE and SEC0.DE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021	0.57

The correlation between EXS3.DE and SEC0.DE has been stable across timeframes, ranging from 0.48 to 0.57 - a consistent structural relationship.

Return for Risk

EXS3.DE vs. SEC0.DE — Risk / Return Rank

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

EXS3.DE

EXS3.DE Risk / Return Rank: 13
EXS3.DE Sharpe Ratio Rank: 13
EXS3.DE Sortino Ratio Rank: 13
EXS3.DE Omega Ratio Rank: 13
EXS3.DE Calmar Ratio Rank: 13
EXS3.DE Martin Ratio Rank: 13

SEC0.DE

SEC0.DE Risk / Return Rank: 97
SEC0.DE Sharpe Ratio Rank: 98
SEC0.DE Sortino Ratio Rank: 97
SEC0.DE Omega Ratio Rank: 95
SEC0.DE Calmar Ratio Rank: 98
SEC0.DE Martin Ratio Rank: 98

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.

EXS3.DE vs. SEC0.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MDAX UCITS ETF (DE) (EXS3.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.

	EXS3.DE	SEC0.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.26	5.89	-5.63
Sortino ratio: Return per unit of downside risk	0.51	5.86	-5.35
Omega ratio: Gain probability vs. loss probability	1.06	1.75	-0.69
Calmar ratio: Return relative to maximum drawdown	0.34	14.81	-14.47
Martin ratio: Return relative to average drawdown	0.91	52.61	-51.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EXS3.DE vs. SEC0.DE - Sharpe Ratio Comparison

The current EXS3.DE Sharpe Ratio is 0.26, which is lower than the SEC0.DE Sharpe Ratio of 5.89. The chart below compares the historical Sharpe Ratios of EXS3.DE and SEC0.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.

Sharpe Ratios by Period

	EXS3.DE	SEC0.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.26	5.89	-5.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.06	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	1.17	-0.81

Drawdowns

EXS3.DE vs. SEC0.DE - Drawdown Comparison

The maximum EXS3.DE drawdown since its inception was -63.82%, which is greater than SEC0.DE's maximum drawdown of -39.35%. Use the drawdown chart below to compare losses from any high point for EXS3.DE and SEC0.DE.

Drawdown Indicators

	EXS3.DE	SEC0.DE	Difference
Max Drawdown Largest peak-to-trough decline	-63.82%	-39.35%	-24.47%
Max Drawdown (1Y) Largest decline over 1 year	-14.57%	-12.90%	-1.67%
Max Drawdown (3Y) Largest decline over 3 years	-18.67%	-39.35%	+20.68%
Max Drawdown (5Y) Largest decline over 5 years	-40.31%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.31%	—	—
Current Drawdown Current decline from peak	-12.23%	-2.85%	-9.38%
Average Drawdown Average peak-to-trough decline	-14.02%	-11.85%	-2.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.35%	3.64%	+1.71%

Volatility

EXS3.DE vs. SEC0.DE - Volatility Comparison

The current volatility for iShares MDAX UCITS ETF (DE) (EXS3.DE) is 4.94%, while iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.DE) has a volatility of 13.13%. This indicates that EXS3.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.

Volatility by Period

	EXS3.DE	SEC0.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	13.13%	-8.19%
Volatility (6M) Calculated over the trailing 6-month period	15.18%	25.14%	-9.96%
Volatility (1Y) Calculated over the trailing 1-year period	18.54%	32.42%	-13.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.35%	29.95%	-10.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.37%	29.95%	-11.58%

EXS3.DE vs. SEC0.DE - Expense Ratio Comparison

EXS3.DE has a 0.51% expense ratio, which is higher than SEC0.DE's 0.35% expense ratio.

Dividends

EXS3.DE vs. SEC0.DE - Dividend Comparison

Neither EXS3.DE nor SEC0.DE has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXS3.DE iShares MDAX UCITS ETF (DE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.41%	0.49%	0.53%	0.49%
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

Can I hold both EXS3.DE and SEC0.DE in my portfolio?

EXS3.DE and SEC0.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EXS3.DE or SEC0.DE?

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.

Which ETF is cheaper, EXS3.DE or SEC0.DE?

SEC0.DE is cheaper with a 0.35% expense ratio, compared with 0.51% for EXS3.DE.

What is the main difference between EXS3.DE and SEC0.DE?

EXS3.DE is categorized as Europe Equities, while SEC0.DE is Semiconductors. EXS3.DE tracks MDAX®, while SEC0.DE tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped. Their fees differ too: 0.51% for EXS3.DE and 0.35% for SEC0.DE.