SECA.DE vs. IUSQ.DE
SECA.DE (iShares Euro Government Bond Climate UCITS ETF EUR Acc) and IUSQ.DE (iShares MSCI ACWI 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 IUSQ.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 5 years, SECA.DE returned -2.22%/yr vs 12.42%/yr for IUSQ.DE. At a 0.12 correlation, their price movements are largely independent. SECA.DE charges 0.09%/yr vs 0.20%/yr for IUSQ.DE.
Performance
SECA.DE vs. IUSQ.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 IUSQ.DE's 12.65% 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*
- —
IUSQ.DE
- 1D
- -0.23%
- 1M
- 3.68%
- YTD
- 12.65%
- 6M
- 12.87%
- 1Y
- 26.39%
- 3Y*
- 17.93%
- 5Y*
- 12.42%
- 10Y*
- 12.38%
SECA.DE vs. IUSQ.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% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 12.65% | 9.02% | 24.53% | 18.57% | -13.58% | 29.13% | 8.61% |
Correlation
The correlation between SECA.DE and IUSQ.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020 | 0.12 |
The correlation between SECA.DE and IUSQ.DE shifts across timeframes, from 0.12 (5 years) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SECA.DE vs. IUSQ.DE — Risk / Return Rank
SECA.DE
IUSQ.DE
SECA.DE vs. IUSQ.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 MSCI ACWI UCITS ETF (Acc) (IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -3.18 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.43 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 4.08 | -4.09 |
| Martin ratioReturn relative to average drawdown | -0.02 | 16.69 | -16.71 |
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 | IUSQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.00 | 2.31 | -2.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | 0.88 | -1.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.37 | 0.76 | -1.13 |
Drawdowns
SECA.DE vs. IUSQ.DE - Drawdown Comparison
The maximum SECA.DE drawdown since its inception was -22.52%, smaller than the maximum IUSQ.DE drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for SECA.DE and IUSQ.DE.
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Drawdown Indicators
| SECA.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.52% | -33.60% | +11.08% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -6.48% | +3.00% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -21.25% | +17.20% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | -21.25% | +0.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.60% | — |
Current DrawdownCurrent decline from peak | -14.23% | -0.55% | -13.68% |
Average DrawdownAverage peak-to-trough decline | -13.15% | -4.19% | -8.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 1.59% | -0.22% |
Volatility
SECA.DE vs. IUSQ.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond Climate UCITS ETF EUR Acc (SECA.DE) is 1.71%, while iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) has a volatility of 3.03%. This indicates that SECA.DE experiences smaller price fluctuations and is considered to be less risky than IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 3.03% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 3.61% | 8.26% | -4.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 11.47% | -7.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.36% | 13.94% | -7.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.12% | 15.02% | -8.90% |
SECA.DE vs. IUSQ.DE - Expense Ratio Comparison
SECA.DE has a 0.09% expense ratio, which is lower than IUSQ.DE's 0.20% 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. IUSQ.DE - Dividend Comparison
Neither SECA.DE nor IUSQ.DE has paid dividends to shareholders.
Frequently Asked Questions
SECA.DE and IUSQ.DE have a correlation of 0.31, 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 0.20% for IUSQ.DE.
SECA.DE is categorized as European Government Bonds, while IUSQ.DE is Global Equities. SECA.DE tracks FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond, while IUSQ.DE tracks MSCI All Country World (ACWI). Their fees differ too: 0.09% for SECA.DE and 0.20% for IUSQ.DE.
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