SECA.DE vs. IS3N.DE
SECA.DE (iShares Euro Government Bond Climate UCITS ETF EUR Acc) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - SECA.DE is a European Government Bonds fund tracking the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond, while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 5 years, SECA.DE returned -2.22%/yr vs 8.61%/yr for IS3N.DE. At a 0.08 correlation, their price movements are largely independent. SECA.DE charges 0.09%/yr vs 0.18%/yr for IS3N.DE.
Performance
SECA.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SECA.DE achieves a 0.13% return, which is significantly lower than IS3N.DE's 25.82% return.
SECA.DE
- 1D
- 0.06%
- 1M
- -0.06%
- YTD
- 0.13%
- 6M
- 0.13%
- 1Y
- 0.29%
- 3Y*
- 2.33%
- 5Y*
- -2.22%
- 10Y*
- —
IS3N.DE
- 1D
- -1.45%
- 1M
- 3.11%
- YTD
- 25.82%
- 6M
- 26.34%
- 1Y
- 45.77%
- 3Y*
- 19.99%
- 5Y*
- 8.61%
- 10Y*
- 10.00%
SECA.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SECA.DE iShares Euro Government Bond Climate UCITS ETF EUR Acc | 0.13% | 0.69% | 1.43% | 6.89% | -18.10% | -3.27% | 1.18% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.82% | 17.14% | 13.87% | 7.20% | -14.09% | 7.38% | 13.60% |
Correlation
The correlation between SECA.DE and IS3N.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020 | 0.08 |
Over the past year, SECA.DE and IS3N.DE have become more correlated (0.32) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
SECA.DE vs. IS3N.DE — Risk / Return Rank
SECA.DE
IS3N.DE
SECA.DE vs. IS3N.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond Climate UCITS ETF EUR Acc (SECA.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.
| SECA.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.69 | ||
| Sortino ratioReturn per unit of downside risk | -3.56 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.49 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 4.42 | -4.43 |
| Martin ratioReturn relative to average drawdown | -0.02 | 16.00 | -16.02 |
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
| SECA.DE | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.00 | 2.69 | -2.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | 0.53 | -0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.37 | 0.44 | -0.81 |
Drawdowns
SECA.DE vs. IS3N.DE - Drawdown Comparison
The maximum SECA.DE drawdown since its inception was -22.52%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for SECA.DE and IS3N.DE.
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Drawdown Indicators
| SECA.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.52% | -35.06% | +12.54% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -10.52% | +7.04% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -19.17% | +15.12% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | -22.01% | +0.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.51% | — |
Current DrawdownCurrent decline from peak | -14.23% | -2.49% | -11.74% |
Average DrawdownAverage peak-to-trough decline | -13.15% | -9.30% | -3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 2.91% | -1.54% |
Volatility
SECA.DE vs. IS3N.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond Climate UCITS ETF EUR Acc (SECA.DE) is 1.71%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that SECA.DE experiences smaller price fluctuations and is considered to be less risky 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
| SECA.DE | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 7.16% | -5.45% |
Volatility (6M)Calculated over the trailing 6-month period | 3.61% | 14.69% | -11.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 17.32% | -12.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.36% | 16.19% | -9.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.12% | 18.04% | -11.92% |
SECA.DE vs. IS3N.DE - Expense Ratio Comparison
SECA.DE has a 0.09% expense ratio, which is lower than IS3N.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SECA.DE vs. IS3N.DE - Dividend Comparison
Neither SECA.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
SECA.DE and IS3N.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SECA.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SECA.DE is cheaper with a 0.09% expense ratio, compared with 0.18% for IS3N.DE.
SECA.DE is categorized as European Government Bonds, while IS3N.DE is Emerging Markets Equities. SECA.DE tracks FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.09% for SECA.DE and 0.18% for IS3N.DE.
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