IBC4.DE vs. SEC0.DE
IBC4.DE (iShares MSCI South Africa UCITS ETF USD (Acc)) and SEC0.DE (iShares MSCI Global Semiconductors UCITS ETF USD (Acc)) are both exchange-traded funds - IBC4.DE is a Emerging Markets Equities fund tracking the MSCI South Africa Capped 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, IBC4.DE returned 22.90%/yr vs 54.46%/yr for SEC0.DE. At a 0.42 correlation, their price movements are largely independent. IBC4.DE charges 0.65%/yr vs 0.35%/yr for SEC0.DE.
Performance
IBC4.DE vs. SEC0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC4.DE achieves a -1.83% return, which is significantly lower than SEC0.DE's 98.18% return.
IBC4.DE
- 1D
- 0.65%
- 1M
- -0.00%
- 6M
- -2.26%
- YTD
- -1.83%
- 1Y
- 32.92%
- 3Y*
- 22.90%
- 5Y*
- 11.49%
- 10Y*
- 7.19%
SEC0.DE
- 1D
- 0.00%
- 1M
- -2.81%
- 6M
- 92.87%
- YTD
- 98.18%
- 1Y
- 165.40%
- 3Y*
- 54.46%
- 5Y*
- —
- 10Y*
- —
IBC4.DE vs. SEC0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBC4.DE iShares MSCI South Africa UCITS ETF USD (Acc) | -1.83% | 57.35% | 14.83% | -3.10% | 1.72% | -1.42% |
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 IBC4.DE and SEC0.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021 | 0.42 |
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Return for Risk
IBC4.DE vs. SEC0.DE — Risk / Return Rank
IBC4.DE
SEC0.DE
IBC4.DE vs. SEC0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI South Africa UCITS ETF USD (Acc) (IBC4.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.
| IBC4.DE | SEC0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.46 | ||
| Sortino ratioReturn per unit of downside risk | -3.01 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.59 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 12.90 | -11.38 |
| Martin ratioReturn relative to average drawdown | 3.57 | 41.13 | -37.57 |
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Drawdowns
IBC4.DE vs. SEC0.DE - Drawdown Comparison
The maximum IBC4.DE drawdown since its inception was -55.48%, 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 IBC4.DE and SEC0.DE.
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Drawdown Indicators
| IBC4.DE | SEC0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.48% | -39.35% | -16.13% |
Max Drawdown (1Y)Largest decline over 1 year | -21.54% | -12.90% | -8.64% |
Max Drawdown (3Y)Largest decline over 3 years | -21.54% | -39.35% | +17.81% |
Max Drawdown (5Y)Largest decline over 5 years | -29.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -55.48% | — | — |
Current DrawdownCurrent decline from peak | -16.46% | -11.08% | -5.38% |
Average DrawdownAverage peak-to-trough decline | -17.44% | -11.74% | -5.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 4.04% | +5.17% |
Volatility
IBC4.DE vs. SEC0.DE - Volatility Comparison
The current volatility for iShares MSCI South Africa UCITS ETF USD (Acc) (IBC4.DE) is 8.06%, while iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.DE) has a volatility of 17.34%. This indicates that IBC4.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
| IBC4.DE | SEC0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.06% | 17.34% | -9.28% |
Volatility (6M)Calculated over the trailing 6-month period | 25.34% | 29.82% | -4.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.76% | 36.48% | -6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.63% | 30.70% | -5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.84% | 30.70% | -2.86% |
IBC4.DE vs. SEC0.DE - Expense Ratio Comparison
IBC4.DE has a 0.65% expense ratio, which is higher than SEC0.DE's 0.35% expense ratio.
Dividends
IBC4.DE vs. SEC0.DE - Dividend Comparison
Neither IBC4.DE nor SEC0.DE has paid dividends to shareholders.
Frequently Asked Questions
IBC4.DE and SEC0.DE have a correlation of 0.42, 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 0.65% for IBC4.DE.
IBC4.DE is categorized as Emerging Markets Equities, while SEC0.DE is Semiconductors. IBC4.DE tracks MSCI South Africa Capped Index, while SEC0.DE tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped. Their fees differ too: 0.65% for IBC4.DE and 0.35% for SEC0.DE.
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