IAU vs. SEC0.DE
IAU (iShares Gold Trust) and SEC0.DE (iShares MSCI Global Semiconductors UCITS ETF USD (Acc)) are both exchange-traded funds - IAU is a Gold fund tracking the LBMA Gold Price, 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, IAU returned 26.56%/yr vs 51.40%/yr for SEC0.DE. At a 0.17 correlation, their price movements are largely independent. IAU charges 0.25%/yr vs 0.35%/yr for SEC0.DE.
Performance
IAU vs. SEC0.DE - Performance Comparison
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Different Trading Currencies
IAU is traded in USD, while SEC0.DE is traded in EUR. To make them comparable, the SEC0.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IAU achieves a -7.17% return, which is significantly lower than SEC0.DE's 72.39% return.
IAU
- 1D
- -0.20%
- 1M
- -5.02%
- 6M
- -12.66%
- YTD
- -7.17%
- 1Y
- 19.36%
- 3Y*
- 26.56%
- 5Y*
- 17.02%
- 10Y*
- 11.43%
- ALL TIME*
- 10.67%
SEC0.DE
- 1D
- 0.00%
- 1M
- -18.76%
- 6M
- 54.48%
- YTD
- 72.39%
- 1Y
- 128.90%
- 3Y*
- 51.40%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 30.70%
IAU vs. SEC0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IAU iShares Gold Trust | -7.17% | 63.95% | 26.85% | 12.84% | -0.63% | 1.34% |
SEC0.DE iShares MSCI Global Semiconductors UCITS ETF USD (Acc) | 72.39% | 54.06% | 13.94% | 66.10% | -35.95% | 17.00% |
Correlation
The correlation between IAU and SEC0.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021 | 0.17 |
The correlation between IAU and SEC0.DE shifts across timeframes, from 0.17 (3 years) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IAU vs. SEC0.DE — Risk / Return Rank
IAU
SEC0.DE
IAU vs. SEC0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust (IAU) 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.
| IAU | SEC0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.62 | ||
| Sortino ratioReturn per unit of downside risk | -2.58 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.46 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 6.33 | -5.59 |
| Martin ratioReturn relative to average drawdown | 1.72 | 24.24 | -22.51 |
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Drawdowns
IAU vs. SEC0.DE - Drawdown Comparison
The maximum IAU drawdown since its inception was -45.14%, roughly equal to the maximum SEC0.DE drawdown of -45.36%. Use the drawdown chart below to compare losses from any high point for IAU and SEC0.DE.
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Drawdown Indicators
| IAU | SEC0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.14% | -45.36% | +0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -26.36% | -20.49% | -5.87% |
Max Drawdown (3Y)Largest decline over 3 years | -26.36% | -38.70% | +12.34% |
Max Drawdown (5Y)Largest decline over 5 years | -26.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.36% | — | — |
Current DrawdownCurrent decline from peak | -25.81% | -20.49% | -5.32% |
Average DrawdownAverage peak-to-trough decline | -16.00% | -13.29% | -2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.25% | 5.34% | +5.91% |
Volatility
IAU vs. SEC0.DE - Volatility Comparison
The current volatility for iShares Gold Trust (IAU) is 6.34%, while iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.DE) has a volatility of 18.06%. This indicates that IAU 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
| IAU | SEC0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.34% | 18.06% | -11.72% |
Volatility (6M)Calculated over the trailing 6-month period | 24.03% | 32.97% | -8.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.86% | 39.14% | -11.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.36% | 32.41% | -14.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 32.41% | -16.36% |
IAU vs. SEC0.DE - Expense Ratio Comparison
IAU has a 0.25% expense ratio, which is lower than SEC0.DE's 0.35% expense ratio.
Dividends
IAU vs. SEC0.DE - Dividend Comparison
Neither IAU nor SEC0.DE has paid dividends to shareholders.
Frequently Asked Questions
IAU and SEC0.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IAU is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IAU is cheaper with a 0.25% expense ratio, compared with 0.35% for SEC0.DE.
IAU is categorized as Gold, while SEC0.DE is Semiconductors. IAU tracks LBMA Gold Price, while SEC0.DE tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped. Their fees differ too: 0.25% for IAU and 0.35% for SEC0.DE.
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