IBCM.DE vs. SEC0.DE
IBCM.DE (iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)) and SEC0.DE (iShares MSCI Global Semiconductors UCITS ETF USD (Acc)) are both exchange-traded funds - IBCM.DE is a European Government Bonds fund tracking the Bloomberg Euro Government Bond 10, 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, IBCM.DE returned 2.61%/yr vs 56.37%/yr for SEC0.DE. At a 0.08 correlation, their price movements are largely independent. IBCM.DE charges 0.15%/yr vs 0.35%/yr for SEC0.DE.
Performance
IBCM.DE vs. SEC0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCM.DE achieves a 0.27% return, which is significantly lower than SEC0.DE's 98.10% return.
IBCM.DE
- 1D
- 0.06%
- 1M
- 0.50%
- YTD
- 0.27%
- 6M
- -0.09%
- 1Y
- 0.13%
- 3Y*
- 2.61%
- 5Y*
- -2.34%
- 10Y*
- -0.17%
SEC0.DE
- 1D
- -2.85%
- 1M
- 18.95%
- YTD
- 98.10%
- 6M
- 98.14%
- 1Y
- 188.23%
- 3Y*
- 56.37%
- 5Y*
- —
- 10Y*
- —
IBCM.DE vs. SEC0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 0.27% | 1.53% | 0.84% | 8.74% | -19.91% | -2.78% |
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 IBCM.DE and SEC0.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | 0.08 |
The correlation between IBCM.DE and SEC0.DE shifts across timeframes, from 0.08 (3 years) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IBCM.DE vs. SEC0.DE — Risk / Return Rank
IBCM.DE
SEC0.DE
IBCM.DE vs. SEC0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.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.
| IBCM.DE | SEC0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.87 | ||
| Sortino ratioReturn per unit of downside risk | -5.79 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.75 | -0.74 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 14.81 | -14.77 |
| Martin ratioReturn relative to average drawdown | 0.08 | 52.61 | -52.53 |
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
| IBCM.DE | SEC0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.03 | 5.89 | -5.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 1.17 | -0.58 |
Drawdowns
IBCM.DE vs. SEC0.DE - Drawdown Comparison
The maximum IBCM.DE drawdown since its inception was -23.25%, smaller than the maximum SEC0.DE drawdown of -39.35%. Use the drawdown chart below to compare losses from any high point for IBCM.DE and SEC0.DE.
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Drawdown Indicators
| IBCM.DE | SEC0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.25% | -39.35% | +16.10% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -12.90% | +8.82% |
Max Drawdown (3Y)Largest decline over 3 years | -4.53% | -39.35% | +34.82% |
Max Drawdown (5Y)Largest decline over 5 years | -22.90% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.25% | — | — |
Current DrawdownCurrent decline from peak | -13.71% | -2.85% | -10.86% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -11.85% | +6.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 3.64% | -2.11% |
Volatility
IBCM.DE vs. SEC0.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.DE) is 1.94%, while iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.DE) has a volatility of 13.13%. This indicates that IBCM.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
| IBCM.DE | SEC0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 13.13% | -11.19% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 25.14% | -20.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.00% | 32.42% | -27.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.39% | 29.95% | -22.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.03% | 29.95% | -23.92% |
IBCM.DE vs. SEC0.DE - Expense Ratio Comparison
IBCM.DE has a 0.15% expense ratio, which is lower than SEC0.DE's 0.35% expense ratio.
Dividends
IBCM.DE vs. SEC0.DE - Dividend Comparison
IBCM.DE's dividend yield for the trailing twelve months is around 2.92%, while SEC0.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 2.92% | 2.82% | 2.73% | 1.97% | 0.13% | 0.00% | 0.09% | 0.63% | 0.75% | 0.76% | 0.80% | 1.09% |
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
IBCM.DE and SEC0.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCM.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCM.DE is cheaper with a 0.15% expense ratio, compared with 0.35% for SEC0.DE.
IBCM.DE is categorized as European Government Bonds, while SEC0.DE is Semiconductors. IBCM.DE tracks Bloomberg Euro Government Bond 10, while SEC0.DE tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped. Their fees differ too: 0.15% for IBCM.DE and 0.35% for SEC0.DE.
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