IBCY.DE vs. SEC0.DE
IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) and SEC0.DE (iShares MSCI Global Semiconductors UCITS ETF USD (Acc)) are both exchange-traded funds - IBCY.DE is a Large Cap Blend Equities fund tracking the MSCI USA Diversified Multiple-Factor, 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, IBCY.DE returned 13.97%/yr vs 56.37%/yr for SEC0.DE. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
IBCY.DE vs. SEC0.DE - Performance Comparison
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Returns By Period
IBCY.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 13.35%
- 3Y*
- 13.97%
- 5Y*
- 10.27%
- 10Y*
- 11.22%
SEC0.DE
- 1D
- -2.85%
- 1M
- 18.95%
- YTD
- 98.10%
- 6M
- 98.14%
- 1Y
- 188.23%
- 3Y*
- 56.37%
- 5Y*
- —
- 10Y*
- —
IBCY.DE vs. SEC0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF | 0.00% | 6.35% | 29.21% | 13.73% | -11.70% | 11.12% |
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 IBCY.DE and SEC0.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | 0.63 |
Over the past year, the correlation between IBCY.DE and SEC0.DE has dropped to 0.29 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
IBCY.DE vs. SEC0.DE — Risk / Return Rank
IBCY.DE
SEC0.DE
IBCY.DE vs. SEC0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.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.
| IBCY.DE | SEC0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.19 | ||
| Sortino ratioReturn per unit of downside risk | -3.44 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.75 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 14.81 | -10.72 |
| Martin ratioReturn relative to average drawdown | 19.99 | 52.61 | -32.63 |
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
| IBCY.DE | SEC0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 5.89 | -4.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 1.17 | -0.53 |
Drawdowns
IBCY.DE vs. SEC0.DE - Drawdown Comparison
The maximum IBCY.DE drawdown since its inception was -35.54%, smaller than the maximum SEC0.DE drawdown of -39.35%. Use the drawdown chart below to compare losses from any high point for IBCY.DE and SEC0.DE.
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Drawdown Indicators
| IBCY.DE | SEC0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -39.35% | +3.81% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -12.90% | +9.64% |
Max Drawdown (3Y)Largest decline over 3 years | -22.91% | -39.35% | +16.44% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.85% | +2.85% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -11.85% | +6.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 3.64% | -2.97% |
Volatility
IBCY.DE vs. SEC0.DE - Volatility Comparison
The current volatility for iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) is 0.00%, while iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.DE) has a volatility of 13.13%. This indicates that IBCY.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
| IBCY.DE | SEC0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 13.13% | -13.13% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 25.14% | -25.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.99% | 32.42% | -24.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 29.95% | -15.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 29.95% | -13.83% |
IBCY.DE vs. SEC0.DE - Expense Ratio Comparison
Both IBCY.DE and SEC0.DE have an expense ratio of 0.35%.
Dividends
IBCY.DE vs. SEC0.DE - Dividend Comparison
Neither IBCY.DE nor SEC0.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCY.DE and SEC0.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBCY.DE and SEC0.DE have the same expense ratio: 0.35% per year.
IBCY.DE is categorized as Large Cap Blend Equities, while SEC0.DE is Semiconductors. IBCY.DE tracks MSCI USA Diversified Multiple-Factor, while SEC0.DE tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped.
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