SEC0.DE vs. CEUR.L
SEC0.DE (iShares MSCI Global Semiconductors UCITS ETF USD (Acc)) and CEUR.L (Amundi MSCI Europe) are both exchange-traded funds - SEC0.DE is a Semiconductors fund tracking the MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped, while CEUR.L is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 3 years, SEC0.DE returned 56.37%/yr vs 13.51%/yr for CEUR.L. A 0.56 correlation means they provide meaningful diversification when combined. SEC0.DE charges 0.35%/yr vs 0.05%/yr for CEUR.L.
Performance
SEC0.DE vs. CEUR.L - Performance Comparison
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Different Trading Currencies
SEC0.DE is traded in EUR, while CEUR.L is traded in GBp. To make them comparable, the CEUR.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SEC0.DE achieves a 98.10% return, which is significantly higher than CEUR.L's 7.61% return.
SEC0.DE
- 1D
- -2.85%
- 1M
- 23.18%
- YTD
- 98.10%
- 6M
- 100.19%
- 1Y
- 192.28%
- 3Y*
- 56.37%
- 5Y*
- —
- 10Y*
- —
CEUR.L
- 1D
- 0.36%
- 1M
- 3.74%
- YTD
- 7.61%
- 6M
- 10.08%
- 1Y
- 16.14%
- 3Y*
- 13.51%
- 5Y*
- 9.33%
- 10Y*
- 8.84%
SEC0.DE vs. CEUR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SEC0.DE iShares MSCI Global Semiconductors UCITS ETF USD (Acc) | 98.10% | 36.46% | 20.85% | 61.01% | -32.22% | 21.11% |
CEUR.L Amundi MSCI Europe | 7.61% | 17.97% | 9.96% | 15.33% | -10.81% | 4.51% |
Correlation
The correlation between SEC0.DE and CEUR.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | 0.56 |
The correlation between SEC0.DE and CEUR.L has been stable across timeframes, ranging from 0.50 to 0.56 - a consistent structural relationship.
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Return for Risk
SEC0.DE vs. CEUR.L — Risk / Return Rank
SEC0.DE
CEUR.L
SEC0.DE vs. CEUR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.DE) and Amundi MSCI Europe (CEUR.L). 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.
| SEC0.DE | CEUR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.64 | ||
| Sortino ratioReturn per unit of downside risk | +4.02 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.24 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 14.81 | 1.60 | +13.21 |
| Martin ratioReturn relative to average drawdown | 52.61 | 5.75 | +46.87 |
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
| SEC0.DE | CEUR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.89 | 1.25 | +4.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 0.54 | +0.62 |
Drawdowns
SEC0.DE vs. CEUR.L - Drawdown Comparison
The maximum SEC0.DE drawdown since its inception was -39.35%, which is greater than CEUR.L's maximum drawdown of -36.02%. Use the drawdown chart below to compare losses from any high point for SEC0.DE and CEUR.L.
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Drawdown Indicators
| SEC0.DE | CEUR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.35% | -36.02% | -3.33% |
Max Drawdown (1Y)Largest decline over 1 year | -12.90% | -10.05% | -2.85% |
Max Drawdown (3Y)Largest decline over 3 years | -39.35% | -15.75% | -23.60% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.02% | — |
Current DrawdownCurrent decline from peak | -2.85% | -0.70% | -2.15% |
Average DrawdownAverage peak-to-trough decline | -11.85% | -5.65% | -6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 2.80% | +0.84% |
Volatility
SEC0.DE vs. CEUR.L - Volatility Comparison
iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.DE) has a higher volatility of 13.13% compared to Amundi MSCI Europe (CEUR.L) at 4.29%. This indicates that SEC0.DE's price experiences larger fluctuations and is considered to be riskier than CEUR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEC0.DE | CEUR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.13% | 4.29% | +8.84% |
Volatility (6M)Calculated over the trailing 6-month period | 25.14% | 10.54% | +14.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.42% | 12.82% | +19.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.95% | 14.32% | +15.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.95% | 15.72% | +14.23% |
SEC0.DE vs. CEUR.L - Expense Ratio Comparison
SEC0.DE has a 0.35% expense ratio, which is higher than CEUR.L's 0.05% expense ratio.
Dividends
SEC0.DE vs. CEUR.L - Dividend Comparison
Neither SEC0.DE nor CEUR.L has paid dividends to shareholders.
Frequently Asked Questions
SEC0.DE and CEUR.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEUR.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEUR.L is cheaper with a 0.05% expense ratio, compared with 0.35% for SEC0.DE.
SEC0.DE is categorized as Semiconductors, while CEUR.L is Europe Equities. SEC0.DE tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped, while CEUR.L tracks MSCI Europe NR EUR. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.35% for SEC0.DE and 0.05% for CEUR.L.
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