SEC0.DE vs. IS3N.DE
SEC0.DE (iShares MSCI Global Semiconductors UCITS ETF USD (Acc)) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (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 IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 3 years, SEC0.DE returned 56.37%/yr vs 19.99%/yr for IS3N.DE. A 0.65 correlation means they provide meaningful diversification when combined. SEC0.DE charges 0.35%/yr vs 0.18%/yr for IS3N.DE.
Performance
SEC0.DE vs. IS3N.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 IS3N.DE's 25.82% return.
SEC0.DE
- 1D
- -2.85%
- 1M
- 23.18%
- YTD
- 98.10%
- 6M
- 100.19%
- 1Y
- 192.28%
- 3Y*
- 56.37%
- 5Y*
- —
- 10Y*
- —
IS3N.DE
- 1D
- -1.45%
- 1M
- 5.25%
- YTD
- 25.82%
- 6M
- 27.45%
- 1Y
- 46.76%
- 3Y*
- 19.99%
- 5Y*
- 8.61%
- 10Y*
- 10.00%
SEC0.DE vs. IS3N.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% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.82% | 17.14% | 13.87% | 7.20% | -14.09% | 0.22% |
Correlation
The correlation between SEC0.DE and IS3N.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | 0.65 |
The correlation between SEC0.DE and IS3N.DE shifts across timeframes, from 0.65 (all time) to 0.79 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SEC0.DE vs. IS3N.DE — Risk / Return Rank
SEC0.DE
IS3N.DE
SEC0.DE vs. IS3N.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 Emerging Markets IMI UCITS ETF (Acc) (IS3N.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 | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.20 | ||
| Sortino ratioReturn per unit of downside risk | +2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.49 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 14.81 | 4.42 | +10.38 |
| Martin ratioReturn relative to average drawdown | 52.61 | 16.00 | +36.61 |
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 | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.89 | 2.69 | +3.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.53 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 0.44 | +0.73 |
Drawdowns
SEC0.DE vs. IS3N.DE - Drawdown Comparison
The maximum SEC0.DE drawdown since its inception was -39.35%, which is greater than IS3N.DE's maximum drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for SEC0.DE and IS3N.DE.
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Drawdown Indicators
| SEC0.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.35% | -35.06% | -4.29% |
Max Drawdown (1Y)Largest decline over 1 year | -12.90% | -10.52% | -2.38% |
Max Drawdown (3Y)Largest decline over 3 years | -39.35% | -19.17% | -20.18% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.01% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.51% | — |
Current DrawdownCurrent decline from peak | -2.85% | -2.49% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -11.85% | -9.30% | -2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 2.91% | +0.73% |
Volatility
SEC0.DE vs. IS3N.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 Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) at 7.16%. This indicates that SEC0.DE's price experiences larger fluctuations and is considered to be riskier than IS3N.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 | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.13% | 7.16% | +5.97% |
Volatility (6M)Calculated over the trailing 6-month period | 25.14% | 14.69% | +10.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.42% | 17.32% | +15.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.95% | 16.19% | +13.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.95% | 18.04% | +11.91% |
SEC0.DE vs. IS3N.DE - Expense Ratio Comparison
SEC0.DE has a 0.35% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio.
Dividends
SEC0.DE vs. IS3N.DE - Dividend Comparison
Neither SEC0.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
SEC0.DE and IS3N.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3N.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3N.DE is cheaper with a 0.18% expense ratio, compared with 0.35% for SEC0.DE.
SEC0.DE is categorized as Semiconductors, while IS3N.DE is Emerging Markets Equities. SEC0.DE tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.35% for SEC0.DE and 0.18% for IS3N.DE.
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