IS4S.DE vs. E908.DE
IS4S.DE (iShares Digital Security UCITS ETF USD (Dist)) and E908.DE (Amundi TecDAX UCITS ETF Dist) are both Technology Equities funds - IS4S.DE tracks the STOXX® Global Digital Security while E908.DE tracks the TecDAX®. Both are passively managed. Over the past 5 years, IS4S.DE returned 11.11%/yr vs 3.88%/yr for E908.DE. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.40% expense ratio.
Performance
IS4S.DE vs. E908.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS4S.DE achieves a 19.89% return, which is significantly higher than E908.DE's 15.75% return.
IS4S.DE
- 1D
- -2.36%
- 1M
- 11.23%
- YTD
- 19.89%
- 6M
- 20.35%
- 1Y
- 22.18%
- 3Y*
- 18.46%
- 5Y*
- 11.11%
- 10Y*
- —
E908.DE
- 1D
- 0.58%
- 1M
- 10.06%
- YTD
- 15.75%
- 6M
- 16.03%
- 1Y
- 5.63%
- 3Y*
- 8.69%
- 5Y*
- 3.88%
- 10Y*
- —
IS4S.DE vs. E908.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IS4S.DE iShares Digital Security UCITS ETF USD (Dist) | 19.89% | -0.10% | 22.79% | 29.73% | -25.07% | 27.43% | 15.19% | 32.59% | -7.78% |
E908.DE Amundi TecDAX UCITS ETF Dist | 15.75% | 5.30% | 2.57% | 12.83% | -25.90% | 21.42% | 6.03% | 22.63% | -8.75% |
Correlation
The correlation between IS4S.DE and E908.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2018 | 0.68 |
The correlation between IS4S.DE and E908.DE has been stable across timeframes, ranging from 0.58 to 0.68 - a consistent structural relationship.
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Return for Risk
IS4S.DE vs. E908.DE — Risk / Return Rank
IS4S.DE
E908.DE
IS4S.DE vs. E908.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Digital Security UCITS ETF USD (Dist) (IS4S.DE) and Amundi TecDAX UCITS ETF Dist (E908.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.
| IS4S.DE | E908.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.07 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 0.42 | +1.43 |
| Martin ratioReturn relative to average drawdown | 4.56 | 0.84 | +3.72 |
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
| IS4S.DE | E908.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.36 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.20 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.48 | +0.18 |
Drawdowns
IS4S.DE vs. E908.DE - Drawdown Comparison
The maximum IS4S.DE drawdown since its inception was -32.25%, smaller than the maximum E908.DE drawdown of -34.82%. Use the drawdown chart below to compare losses from any high point for IS4S.DE and E908.DE.
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Drawdown Indicators
| IS4S.DE | E908.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.25% | -34.82% | +2.57% |
Max Drawdown (1Y)Largest decline over 1 year | -12.18% | -15.93% | +3.75% |
Max Drawdown (3Y)Largest decline over 3 years | -27.06% | -17.88% | -9.18% |
Max Drawdown (5Y)Largest decline over 5 years | -28.04% | -34.82% | +6.78% |
Current DrawdownCurrent decline from peak | -3.05% | -1.00% | -2.05% |
Average DrawdownAverage peak-to-trough decline | -8.82% | -10.64% | +1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 7.92% | -2.97% |
Volatility
IS4S.DE vs. E908.DE - Volatility Comparison
iShares Digital Security UCITS ETF USD (Dist) (IS4S.DE) has a higher volatility of 7.92% compared to Amundi TecDAX UCITS ETF Dist (E908.DE) at 5.12%. This indicates that IS4S.DE's price experiences larger fluctuations and is considered to be riskier than E908.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS4S.DE | E908.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.92% | 5.12% | +2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 15.87% | 14.39% | +1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.32% | 18.35% | +1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.85% | 18.80% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.17% | 19.37% | +0.80% |
IS4S.DE vs. E908.DE - Expense Ratio Comparison
Both IS4S.DE and E908.DE have an expense ratio of 0.40%.
Dividends
IS4S.DE vs. E908.DE - Dividend Comparison
IS4S.DE's dividend yield for the trailing twelve months is around 0.28%, less than E908.DE's 0.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
E908.DE Amundi TecDAX UCITS ETF Dist | 0.86% | 1.00% | 1.00% | 1.71% | 1.08% | 0.50% | 0.60% | 0.93% | 0.90% | 0.84% |
IS4S.DE iShares Digital Security UCITS ETF USD (Dist) | 0.28% | 0.34% | 0.44% | 0.40% | 0.91% | 1.00% | 1.03% | 0.88% | 0.00% | 0.00% |
Frequently Asked Questions
IS4S.DE and E908.DE have a correlation of 0.58, 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 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IS4S.DE and E908.DE have the same expense ratio: 0.40% per year.
IS4S.DE tracks STOXX® Global Digital Security, while E908.DE tracks TecDAX®. They also come from different issuers: iShares and Amundi.
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