MODR.DE vs. SEC0.DE
MODR.DE (iShares Moderate Portfolio UCITS ETF EUR (Acc)) and SEC0.DE (iShares MSCI Global Semiconductors UCITS ETF USD (Acc)) are both exchange-traded funds - MODR.DE is a Global Allocation fund actively managed by iShares, while SEC0.DE is a Semiconductors fund tracking the MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped. MODR.DE is actively managed, while SEC0.DE is passively managed. Over the past 3 years, MODR.DE returned 9.29%/yr vs 54.46%/yr for SEC0.DE. A 0.64 correlation means they provide meaningful diversification when combined. MODR.DE charges 0.25%/yr vs 0.35%/yr for SEC0.DE.
Performance
MODR.DE vs. SEC0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MODR.DE achieves a 6.71% return, which is significantly lower than SEC0.DE's 98.18% return.
MODR.DE
- 1D
- 0.15%
- 1M
- 0.29%
- 6M
- 6.54%
- YTD
- 6.71%
- 1Y
- 12.69%
- 3Y*
- 9.29%
- 5Y*
- 3.93%
- 10Y*
- —
SEC0.DE
- 1D
- 0.00%
- 1M
- -2.81%
- 6M
- 92.87%
- YTD
- 98.18%
- 1Y
- 165.40%
- 3Y*
- 54.46%
- 5Y*
- —
- 10Y*
- —
MODR.DE vs. SEC0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MODR.DE iShares Moderate Portfolio UCITS ETF EUR (Acc) | 6.71% | 7.37% | 9.34% | 8.76% | -15.49% | 3.48% |
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 MODR.DE and SEC0.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021 | 0.64 |
The correlation between MODR.DE and SEC0.DE has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.
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Return for Risk
MODR.DE vs. SEC0.DE — Risk / Return Rank
MODR.DE
SEC0.DE
MODR.DE vs. SEC0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Moderate Portfolio UCITS ETF EUR (Acc) (MODR.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.
| MODR.DE | SEC0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.59 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 12.90 | -10.46 |
| Martin ratioReturn relative to average drawdown | 10.15 | 41.13 | -30.98 |
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Drawdowns
MODR.DE vs. SEC0.DE - Drawdown Comparison
The maximum MODR.DE drawdown since its inception was -17.98%, smaller than the maximum SEC0.DE drawdown of -39.35%. Use the drawdown chart below to compare losses from any high point for MODR.DE and SEC0.DE.
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Drawdown Indicators
| MODR.DE | SEC0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.98% | -39.35% | +21.37% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -12.90% | +7.72% |
Max Drawdown (3Y)Largest decline over 3 years | -10.57% | -39.35% | +28.78% |
Max Drawdown (5Y)Largest decline over 5 years | -17.98% | — | — |
Current DrawdownCurrent decline from peak | -0.44% | -11.08% | +10.64% |
Average DrawdownAverage peak-to-trough decline | -5.42% | -11.74% | +6.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 4.04% | -2.79% |
Volatility
MODR.DE vs. SEC0.DE - Volatility Comparison
The current volatility for iShares Moderate Portfolio UCITS ETF EUR (Acc) (MODR.DE) is 2.20%, while iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.DE) has a volatility of 17.34%. This indicates that MODR.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
| MODR.DE | SEC0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 17.34% | -15.14% |
Volatility (6M)Calculated over the trailing 6-month period | 6.08% | 29.82% | -23.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.35% | 36.48% | -29.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.16% | 30.70% | -22.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.27% | 30.70% | -22.43% |
MODR.DE vs. SEC0.DE - Expense Ratio Comparison
MODR.DE has a 0.25% expense ratio, which is lower than SEC0.DE's 0.35% expense ratio.
Dividends
MODR.DE vs. SEC0.DE - Dividend Comparison
Neither MODR.DE nor SEC0.DE has paid dividends to shareholders.
Frequently Asked Questions
MODR.DE and SEC0.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MODR.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MODR.DE is cheaper with a 0.25% expense ratio, compared with 0.35% for SEC0.DE.
MODR.DE is categorized as Global Allocation, while SEC0.DE is Semiconductors. Their fees differ too: 0.25% for MODR.DE and 0.35% for SEC0.DE.
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