SEC0.DE vs. SEMGX

Last updated Jun 5, 2026

SEC0.DE (iShares MSCI Global Semiconductors UCITS ETF USD (Acc)) and SEMGX (DWS Emerging Markets Equity Fund) are both funds - SEC0.DE is a Semiconductors fund tracking the MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped, while SEMGX is a Emerging Markets Diversified fund managed by DWS. Over the past 3 years, SEC0.DE returned 56.37%/yr vs 21.63%/yr for SEMGX. At a 0.49 correlation, their price movements are largely independent. SEC0.DE charges 0.35%/yr vs 0.98%/yr for SEMGX.

Performance

SEC0.DE vs. SEMGX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.DE) and DWS Emerging Markets Equity Fund (SEMGX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SEC0.DE is traded in EUR, while SEMGX is traded in USD. To make them comparable, the SEMGX 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 SEMGX's 35.29% return.

SEC0.DE

• 1D: -2.85%
• 1M: 23.18%
• YTD: 98.10%
• 6M: 100.19%
• 1Y: 192.28%
• 3Y*: 56.37%
• 5Y*: —
• 10Y*: —

SEMGX

• 1D: 0.12%
• 1M: 9.45%
• YTD: 35.29%
• 6M: 37.68%
• 1Y: 56.18%
• 3Y*: 21.63%
• 5Y*: 6.43%
• 10Y*: 9.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SEC0.DE vs. SEMGX - 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%
SEMGX DWS Emerging Markets Equity Fund	35.29%	13.56%	14.57%	3.13%	-16.80%	-5.32%

Correlation

The correlation between SEC0.DE and SEMGX is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021	0.49

The correlation between SEC0.DE and SEMGX shifts across timeframes, from 0.49 (all time) to 0.67 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SEC0.DE vs. SEMGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SEC0.DE

SEC0.DE Risk / Return Rank: 97
SEC0.DE Sharpe Ratio Rank: 98
SEC0.DE Sortino Ratio Rank: 97
SEC0.DE Omega Ratio Rank: 95
SEC0.DE Calmar Ratio Rank: 98
SEC0.DE Martin Ratio Rank: 98

SEMGX

SEMGX Risk / Return Rank: 83
SEMGX Sharpe Ratio Rank: 90
SEMGX Sortino Ratio Rank: 79
SEMGX Omega Ratio Rank: 82
SEMGX Calmar Ratio Rank: 82
SEMGX Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SEC0.DE vs. SEMGX - 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 DWS Emerging Markets Equity Fund (SEMGX). 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	SEMGX	Difference
Sharpe ratio: Return per unit of total volatility	5.89	2.96	+2.94
Sortino ratio: Return per unit of downside risk	5.86	3.74	+2.12
Omega ratio: Gain probability vs. loss probability	1.75	1.53	+0.21
Calmar ratio: Return relative to maximum drawdown	14.81	4.21	+10.60
Martin ratio: Return relative to average drawdown	52.61	16.28	+36.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SEC0.DE vs. SEMGX - Sharpe Ratio Comparison

The current SEC0.DE Sharpe Ratio is 5.89, which is higher than the SEMGX Sharpe Ratio of 2.96. The chart below compares the historical Sharpe Ratios of SEC0.DE and SEMGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SEC0.DE	SEMGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.89	2.96	+2.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.36	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	0.21	+0.96

Drawdowns

SEC0.DE vs. SEMGX - Drawdown Comparison

The maximum SEC0.DE drawdown since its inception was -39.35%, smaller than the maximum SEMGX drawdown of -61.87%. Use the drawdown chart below to compare losses from any high point for SEC0.DE and SEMGX.

Drawdown Indicators

	SEC0.DE	SEMGX	Difference
Max Drawdown Largest peak-to-trough decline	-39.35%	-61.87%	+22.52%
Max Drawdown (1Y) Largest decline over 1 year	-12.90%	-13.56%	+0.66%
Max Drawdown (3Y) Largest decline over 3 years	-39.35%	-21.21%	-18.14%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.29%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.49%	—
Current Drawdown Current decline from peak	-2.85%	0.00%	-2.85%
Average Drawdown Average peak-to-trough decline	-11.85%	-20.53%	+8.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.64%	3.49%	+0.15%

Volatility

SEC0.DE vs. SEMGX - Volatility Comparison

iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.DE) has a higher volatility of 13.13% compared to DWS Emerging Markets Equity Fund (SEMGX) at 7.41%. This indicates that SEC0.DE's price experiences larger fluctuations and is considered to be riskier than SEMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEC0.DE	SEMGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.13%	7.41%	+5.72%
Volatility (6M) Calculated over the trailing 6-month period	25.14%	15.52%	+9.62%
Volatility (1Y) Calculated over the trailing 1-year period	32.42%	19.33%	+13.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.95%	17.83%	+12.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.95%	18.04%	+11.91%

SEC0.DE vs. SEMGX - Expense Ratio Comparison

SEC0.DE has a 0.35% expense ratio, which is lower than SEMGX's 0.98% expense ratio.

Dividends

SEC0.DE vs. SEMGX - Dividend Comparison

SEC0.DE has not paid dividends to shareholders, while SEMGX's dividend yield for the trailing twelve months is around 2.25%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SEMGX DWS Emerging Markets Equity Fund	2.25%	3.00%	0.15%	2.16%	2.16%	1.71%	1.23%	1.94%	0.71%	0.62%	0.54%	0.23%

Frequently Asked Questions

Can I hold both SEC0.DE and SEMGX in my portfolio?

SEC0.DE and SEMGX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.