IBCH.DE vs. SEC0.DE
IBCH.DE (iShares MSCI World EUR Hedged UCITS ETF Accumulating) and SEC0.DE (iShares MSCI Global Semiconductors UCITS ETF USD (Acc)) are both exchange-traded funds - IBCH.DE is a Global Equities fund tracking the MSCI World 100% Hedged to EUR Net, 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, IBCH.DE returned 18.41%/yr vs 56.37%/yr for SEC0.DE. A 0.76 correlation means they provide meaningful diversification when combined. IBCH.DE charges 0.55%/yr vs 0.35%/yr for SEC0.DE.
Performance
IBCH.DE vs. SEC0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCH.DE achieves a 8.84% return, which is significantly lower than SEC0.DE's 98.10% return.
IBCH.DE
- 1D
- 0.09%
- 1M
- 2.82%
- YTD
- 8.84%
- 6M
- 9.58%
- 1Y
- 23.44%
- 3Y*
- 18.41%
- 5Y*
- 10.57%
- 10Y*
- 11.23%
SEC0.DE
- 1D
- -2.85%
- 1M
- 18.95%
- YTD
- 98.10%
- 6M
- 98.14%
- 1Y
- 188.23%
- 3Y*
- 56.37%
- 5Y*
- —
- 10Y*
- —
IBCH.DE vs. SEC0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBCH.DE iShares MSCI World EUR Hedged UCITS ETF Accumulating | 8.84% | 16.80% | 19.60% | 21.25% | -18.84% | 5.90% |
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 IBCH.DE and SEC0.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | 0.76 |
The correlation between IBCH.DE and SEC0.DE has been stable across timeframes, ranging from 0.70 to 0.76 - a consistent structural relationship.
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Return for Risk
IBCH.DE vs. SEC0.DE — Risk / Return Rank
IBCH.DE
SEC0.DE
IBCH.DE vs. SEC0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World EUR Hedged UCITS ETF Accumulating (IBCH.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.
| IBCH.DE | SEC0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.75 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 14.81 | -11.77 |
| Martin ratioReturn relative to average drawdown | 13.04 | 52.61 | -39.57 |
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
| IBCH.DE | SEC0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 5.89 | -3.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.17 | -0.53 |
Drawdowns
IBCH.DE vs. SEC0.DE - Drawdown Comparison
The maximum IBCH.DE drawdown since its inception was -33.56%, smaller than the maximum SEC0.DE drawdown of -39.35%. Use the drawdown chart below to compare losses from any high point for IBCH.DE and SEC0.DE.
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Drawdown Indicators
| IBCH.DE | SEC0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.56% | -39.35% | +5.79% |
Max Drawdown (1Y)Largest decline over 1 year | -7.79% | -12.90% | +5.11% |
Max Drawdown (3Y)Largest decline over 3 years | -17.58% | -39.35% | +21.77% |
Max Drawdown (5Y)Largest decline over 5 years | -23.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.56% | — | — |
Current DrawdownCurrent decline from peak | -0.39% | -2.85% | +2.46% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -11.85% | +7.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 3.64% | -1.82% |
Volatility
IBCH.DE vs. SEC0.DE - Volatility Comparison
The current volatility for iShares MSCI World EUR Hedged UCITS ETF Accumulating (IBCH.DE) is 2.94%, while iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.DE) has a volatility of 13.13%. This indicates that IBCH.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
| IBCH.DE | SEC0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 13.13% | -10.19% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 25.14% | -16.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.40% | 32.42% | -21.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 29.95% | -15.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.32% | 29.95% | -14.63% |
IBCH.DE vs. SEC0.DE - Expense Ratio Comparison
IBCH.DE has a 0.55% expense ratio, which is higher than SEC0.DE's 0.35% expense ratio.
Dividends
IBCH.DE vs. SEC0.DE - Dividend Comparison
Neither IBCH.DE nor SEC0.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCH.DE and SEC0.DE have a correlation of 0.70, 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 0.55% for IBCH.DE.
IBCH.DE is categorized as Global Equities, while SEC0.DE is Semiconductors. IBCH.DE tracks MSCI World 100% Hedged to EUR Net, while SEC0.DE tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped. Their fees differ too: 0.55% for IBCH.DE and 0.35% for SEC0.DE.
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