SEC0.DE vs. ERNX.DE
SEC0.DE (iShares MSCI Global Semiconductors UCITS ETF USD (Acc)) and ERNX.DE (iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating) are both exchange-traded funds - SEC0.DE is a Semiconductors fund tracking the MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped, while ERNX.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. Both are passively managed. Over the past 3 years, SEC0.DE returned 56.37%/yr vs 3.33%/yr for ERNX.DE. At a correlation of -0.06, they often move in opposite directions. SEC0.DE charges 0.35%/yr vs 0.09%/yr for ERNX.DE.
Performance
SEC0.DE vs. ERNX.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 ERNX.DE's 0.87% return.
SEC0.DE
- 1D
- -2.85%
- 1M
- 23.18%
- YTD
- 98.10%
- 6M
- 100.19%
- 1Y
- 192.28%
- 3Y*
- 56.37%
- 5Y*
- —
- 10Y*
- —
ERNX.DE
- 1D
- 0.04%
- 1M
- 0.26%
- YTD
- 0.87%
- 6M
- 0.99%
- 1Y
- 2.18%
- 3Y*
- 3.33%
- 5Y*
- —
- 10Y*
- —
SEC0.DE vs. ERNX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SEC0.DE iShares MSCI Global Semiconductors UCITS ETF USD (Acc) | 98.10% | 36.46% | 20.85% | 61.01% | -16.58% |
ERNX.DE iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating | 0.87% | 2.69% | 4.04% | 3.34% | 0.10% |
Correlation
The correlation between SEC0.DE and ERNX.DE is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since May 2, 2022 | -0.06 |
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Return for Risk
SEC0.DE vs. ERNX.DE — Risk / Return Rank
SEC0.DE
ERNX.DE
SEC0.DE vs. ERNX.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 iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.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.
| SEC0.DE | ERNX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.95 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.67 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 14.81 | 10.99 | +3.82 |
| Martin ratioReturn relative to average drawdown | 52.61 | 54.93 | -2.32 |
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 | ERNX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.89 | 2.94 | +2.95 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 3.90 | -2.73 |
Drawdowns
SEC0.DE vs. ERNX.DE - Drawdown Comparison
The maximum SEC0.DE drawdown since its inception was -39.35%, which is greater than ERNX.DE's maximum drawdown of -0.83%. Use the drawdown chart below to compare losses from any high point for SEC0.DE and ERNX.DE.
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Drawdown Indicators
| SEC0.DE | ERNX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.35% | -0.83% | -38.52% |
Max Drawdown (1Y)Largest decline over 1 year | -12.90% | -0.20% | -12.70% |
Max Drawdown (3Y)Largest decline over 3 years | -39.35% | -0.20% | -39.15% |
Current DrawdownCurrent decline from peak | -2.85% | -0.00% | -2.85% |
Average DrawdownAverage peak-to-trough decline | -11.85% | -0.09% | -11.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 0.04% | +3.60% |
Volatility
SEC0.DE vs. ERNX.DE - Volatility Comparison
iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.DE) has a higher volatility of 13.13% compared to iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) at 0.17%. This indicates that SEC0.DE's price experiences larger fluctuations and is considered to be riskier than ERNX.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 | ERNX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.13% | 0.17% | +12.96% |
Volatility (6M)Calculated over the trailing 6-month period | 25.14% | 0.56% | +24.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.42% | 0.74% | +31.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.95% | 0.68% | +29.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.95% | 0.68% | +29.27% |
SEC0.DE vs. ERNX.DE - Expense Ratio Comparison
SEC0.DE has a 0.35% expense ratio, which is higher than ERNX.DE's 0.09% expense ratio.
Dividends
SEC0.DE vs. ERNX.DE - Dividend Comparison
Neither SEC0.DE nor ERNX.DE has paid dividends to shareholders.
Frequently Asked Questions
SEC0.DE and ERNX.DE have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERNX.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERNX.DE is cheaper with a 0.09% expense ratio, compared with 0.35% for SEC0.DE.
SEC0.DE is categorized as Semiconductors, while ERNX.DE is Ultrashort Bond. SEC0.DE tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped, while ERNX.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. Their fees differ too: 0.35% for SEC0.DE and 0.09% for ERNX.DE.
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