SEC0.DE vs. EL4A.DE
SEC0.DE (iShares MSCI Global Semiconductors UCITS ETF USD (Acc)) and EL4A.DE (Deka DAX UCITS ETF) are both exchange-traded funds - SEC0.DE is a Semiconductors fund tracking the MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped, while EL4A.DE is a Europe Equities fund tracking the DAX®. Both are passively managed. Over the past 3 years, SEC0.DE returned 56.37%/yr vs 14.41%/yr for EL4A.DE. A 0.58 correlation means they provide meaningful diversification when combined. SEC0.DE charges 0.35%/yr vs 0.15%/yr for EL4A.DE.
Performance
SEC0.DE vs. EL4A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SEC0.DE achieves a 98.10% return, which is significantly higher than EL4A.DE's 1.14% return.
SEC0.DE
- 1D
- -2.85%
- 1M
- 14.72%
- YTD
- 98.10%
- 6M
- 104.58%
- 1Y
- 185.19%
- 3Y*
- 56.37%
- 5Y*
- —
- 10Y*
- —
EL4A.DE
- 1D
- 1.07%
- 1M
- 3.92%
- YTD
- 1.14%
- 6M
- 2.62%
- 1Y
- 5.35%
- 3Y*
- 14.41%
- 5Y*
- 9.04%
- 10Y*
- 9.42%
SEC0.DE vs. EL4A.DE - 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% | 21.50% |
EL4A.DE Deka DAX UCITS ETF | 1.14% | 22.57% | 18.09% | 19.52% | -12.75% | 0.78% |
Correlation
The correlation between SEC0.DE and EL4A.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021 | 0.58 |
The correlation between SEC0.DE and EL4A.DE has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.
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Return for Risk
SEC0.DE vs. EL4A.DE — Risk / Return Rank
SEC0.DE
EL4A.DE
SEC0.DE vs. EL4A.DE - 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 Deka DAX UCITS ETF (EL4A.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.
| SEC0.DE | EL4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.56 | ||
| Sortino ratioReturn per unit of downside risk | +5.27 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.07 | +0.68 |
| Calmar ratioReturn relative to maximum drawdown | 14.81 | 0.43 | +14.37 |
| Martin ratioReturn relative to average drawdown | 52.61 | 1.34 | +51.27 |
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Drawdowns
SEC0.DE vs. EL4A.DE - Drawdown Comparison
The maximum SEC0.DE drawdown since its inception was -39.35%, smaller than the maximum EL4A.DE drawdown of -46.64%. Use the drawdown chart below to compare losses from any high point for SEC0.DE and EL4A.DE.
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Drawdown Indicators
| SEC0.DE | EL4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.35% | -46.64% | +7.29% |
Max Drawdown (1Y)Largest decline over 1 year | -12.90% | -12.36% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -39.35% | -15.89% | -23.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.68% | — |
Current DrawdownCurrent decline from peak | -2.85% | -2.44% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -11.84% | -8.88% | -2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 3.97% | -0.33% |
Volatility
SEC0.DE vs. EL4A.DE - Volatility Comparison
iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.DE) has a higher volatility of 13.13% compared to Deka DAX UCITS ETF (EL4A.DE) at 4.42%. This indicates that SEC0.DE's price experiences larger fluctuations and is considered to be riskier than EL4A.DE 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 | EL4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.13% | 4.42% | +8.71% |
Volatility (6M)Calculated over the trailing 6-month period | 25.14% | 13.11% | +12.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.42% | 16.23% | +16.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.94% | 17.22% | +12.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.94% | 18.33% | +11.61% |
SEC0.DE vs. EL4A.DE - Expense Ratio Comparison
SEC0.DE has a 0.35% expense ratio, which is higher than EL4A.DE's 0.15% expense ratio.
Dividends
SEC0.DE vs. EL4A.DE - Dividend Comparison
Neither SEC0.DE nor EL4A.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4A.DE Deka DAX UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.56% | 0.65% | 0.60% |
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
SEC0.DE and EL4A.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4A.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4A.DE is cheaper with a 0.15% expense ratio, compared with 0.35% for SEC0.DE.
SEC0.DE is categorized as Semiconductors, while EL4A.DE is Europe Equities. SEC0.DE tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped, while EL4A.DE tracks DAX®. They also come from different issuers: iShares and Deka. Their fees differ too: 0.35% for SEC0.DE and 0.15% for EL4A.DE.
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