SECD.DE vs. IUSQ.DE
SECD.DE (iShares Euro Government Bond Climate UCITS ETF EUR Dist) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both exchange-traded funds - SECD.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, SECD.DE returned -2.19%/yr vs 12.42%/yr for IUSQ.DE. At a 0.10 correlation, their price movements are largely independent. SECD.DE charges 0.09%/yr vs 0.20%/yr for IUSQ.DE.
Performance
SECD.DE vs. IUSQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SECD.DE achieves a 0.13% return, which is significantly lower than IUSQ.DE's 12.65% return.
SECD.DE
- 1D
- 0.11%
- 1M
- -0.05%
- YTD
- 0.13%
- 6M
- 0.20%
- 1Y
- 0.36%
- 3Y*
- 2.34%
- 5Y*
- -2.19%
- 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%
SECD.DE vs. IUSQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 0.13% | 0.63% | 1.57% | 6.94% | -18.16% | -3.30% | 1.19% |
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 SECD.DE and IUSQ.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 | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020 | 0.10 |
Over the past year, SECD.DE and IUSQ.DE have become more correlated (0.32) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
SECD.DE vs. IUSQ.DE — Risk / Return Rank
SECD.DE
IUSQ.DE
SECD.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 Dist (SECD.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.
| SECD.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
| SECD.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 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 | -0.38 | 0.76 | -1.14 |
Drawdowns
SECD.DE vs. IUSQ.DE - Drawdown Comparison
The maximum SECD.DE drawdown since its inception was -22.04%, smaller than the maximum IUSQ.DE drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for SECD.DE and IUSQ.DE.
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Drawdown Indicators
| SECD.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.04% | -33.60% | +11.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.41% | -6.48% | +3.07% |
Max Drawdown (3Y)Largest decline over 3 years | -3.96% | -21.25% | +17.29% |
Max Drawdown (5Y)Largest decline over 5 years | -21.21% | -21.25% | +0.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.60% | — |
Current DrawdownCurrent decline from peak | -13.67% | -0.55% | -13.12% |
Average DrawdownAverage peak-to-trough decline | -12.64% | -4.19% | -8.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.59% | -0.26% |
Volatility
SECD.DE vs. IUSQ.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) is 1.78%, while iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) has a volatility of 3.03%. This indicates that SECD.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
| SECD.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 3.03% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 8.26% | -4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 11.47% | -7.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 13.94% | -7.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.02% | 15.02% | -9.00% |
SECD.DE vs. IUSQ.DE - Expense Ratio Comparison
SECD.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
SECD.DE vs. IUSQ.DE - Dividend Comparison
SECD.DE's dividend yield for the trailing twelve months is around 2.71%, while IUSQ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 2.71% | 2.59% | 2.30% | 1.17% |
Frequently Asked Questions
SECD.DE and IUSQ.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, SECD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SECD.DE is cheaper with a 0.09% expense ratio, compared with 0.20% for IUSQ.DE.
SECD.DE is categorized as European Government Bonds, while IUSQ.DE is Global Equities. SECD.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 SECD.DE and 0.20% for IUSQ.DE.
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