SEC0.DE vs. EUNL.DE
SEC0.DE (iShares MSCI Global Semiconductors UCITS ETF USD (Acc)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - SEC0.DE is a Semiconductors fund tracking the MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 3 years, SEC0.DE returned 56.37%/yr vs 17.55%/yr for EUNL.DE. A 0.76 correlation means they provide meaningful diversification when combined. SEC0.DE charges 0.35%/yr vs 0.20%/yr for EUNL.DE.
Performance
SEC0.DE vs. EUNL.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 EUNL.DE's 10.86% return.
SEC0.DE
- 1D
- -2.85%
- 1M
- 23.18%
- YTD
- 98.10%
- 6M
- 100.19%
- 1Y
- 192.28%
- 3Y*
- 56.37%
- 5Y*
- —
- 10Y*
- —
EUNL.DE
- 1D
- 0.02%
- 1M
- 4.80%
- YTD
- 10.86%
- 6M
- 11.29%
- 1Y
- 23.80%
- 3Y*
- 17.55%
- 5Y*
- 12.89%
- 10Y*
- 12.82%
SEC0.DE vs. EUNL.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% | 21.11% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | 25.93% | 20.13% | -13.59% | 9.44% |
Correlation
The correlation between SEC0.DE and EUNL.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | 0.76 |
The correlation between SEC0.DE and EUNL.DE has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.
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Return for Risk
SEC0.DE vs. EUNL.DE — Risk / Return Rank
SEC0.DE
EUNL.DE
SEC0.DE vs. EUNL.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 Core MSCI World UCITS ETF USD (Acc) (EUNL.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 | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.77 | ||
| Sortino ratioReturn per unit of downside risk | +2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.40 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 14.81 | 3.64 | +11.16 |
| Martin ratioReturn relative to average drawdown | 52.61 | 14.52 | +38.10 |
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 | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.89 | 2.12 | +3.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.90 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 0.82 | +0.35 |
Drawdowns
SEC0.DE vs. EUNL.DE - Drawdown Comparison
The maximum SEC0.DE drawdown since its inception was -39.35%, which is greater than EUNL.DE's maximum drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for SEC0.DE and EUNL.DE.
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Drawdown Indicators
| SEC0.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.35% | -33.63% | -5.72% |
Max Drawdown (1Y)Largest decline over 1 year | -12.90% | -6.50% | -6.40% |
Max Drawdown (3Y)Largest decline over 3 years | -39.35% | -21.73% | -17.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -2.85% | -0.31% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -11.85% | -4.25% | -7.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 1.64% | +2.00% |
Volatility
SEC0.DE vs. EUNL.DE - Volatility Comparison
iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.DE) has a higher volatility of 13.13% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that SEC0.DE's price experiences larger fluctuations and is considered to be riskier than EUNL.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 | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.13% | 2.62% | +10.51% |
Volatility (6M)Calculated over the trailing 6-month period | 25.14% | 7.72% | +17.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.42% | 11.16% | +21.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.95% | 14.17% | +15.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.95% | 15.17% | +14.78% |
SEC0.DE vs. EUNL.DE - Expense Ratio Comparison
SEC0.DE has a 0.35% expense ratio, which is higher than EUNL.DE's 0.20% expense ratio.
Dividends
SEC0.DE vs. EUNL.DE - Dividend Comparison
Neither SEC0.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
SEC0.DE and EUNL.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNL.DE is cheaper with a 0.20% expense ratio, compared with 0.35% for SEC0.DE.
SEC0.DE is categorized as Semiconductors, while EUNL.DE is Global Equities. SEC0.DE tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.35% for SEC0.DE and 0.20% for EUNL.DE.
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