SECD.DE vs. SECA.DE
SECD.DE (iShares Euro Government Bond Climate UCITS ETF EUR Dist) and SECA.DE (iShares Euro Government Bond Climate UCITS ETF EUR Acc) are both European Government Bonds funds from iShares tracking the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond. Both are passively managed. Over the past 5 years, SECD.DE returned -2.19%/yr vs -2.22%/yr for SECA.DE. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.09% expense ratio.
Performance
SECD.DE vs. SECA.DE - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with SECD.DE at 0.13% and SECA.DE at 0.13%.
SECD.DE
- 1D
- 0.11%
- 1M
- -0.05%
- YTD
- 0.13%
- 6M
- 0.20%
- 1Y
- 0.36%
- 3Y*
- 2.34%
- 5Y*
- -2.19%
- 10Y*
- —
SECA.DE
- 1D
- 0.06%
- 1M
- -0.06%
- YTD
- 0.13%
- 6M
- 0.13%
- 1Y
- 0.29%
- 3Y*
- 2.33%
- 5Y*
- -2.22%
- 10Y*
- —
SECD.DE vs. SECA.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% |
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% |
Correlation
The correlation between SECD.DE and SECA.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020 | 0.97 |
The correlation between SECD.DE and SECA.DE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
SECD.DE vs. SECA.DE — Risk / Return Rank
SECD.DE
SECA.DE
SECD.DE vs. SECA.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 Euro Government Bond Climate UCITS ETF EUR Acc (SECA.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 | SECA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.00 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | -0.01 | 0.00 |
| Martin ratioReturn relative to average drawdown | -0.02 | -0.02 | -0.01 |
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 | SECA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | -0.00 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | -0.34 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.38 | -0.37 | -0.01 |
Drawdowns
SECD.DE vs. SECA.DE - Drawdown Comparison
The maximum SECD.DE drawdown since its inception was -22.04%, roughly equal to the maximum SECA.DE drawdown of -22.52%. Use the drawdown chart below to compare losses from any high point for SECD.DE and SECA.DE.
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Drawdown Indicators
| SECD.DE | SECA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.04% | -22.52% | +0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.41% | -3.48% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -3.96% | -4.05% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -21.21% | -21.23% | +0.02% |
Current DrawdownCurrent decline from peak | -13.67% | -14.23% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -12.64% | -13.15% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.37% | -0.04% |
Volatility
SECD.DE vs. SECA.DE - Volatility Comparison
iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) and iShares Euro Government Bond Climate UCITS ETF EUR Acc (SECA.DE) have volatilities of 1.78% and 1.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SECD.DE | SECA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 1.71% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 3.61% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 4.38% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 6.36% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.02% | 6.12% | -0.10% |
SECD.DE vs. SECA.DE - Expense Ratio Comparison
Both SECD.DE and SECA.DE have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SECD.DE vs. SECA.DE - Dividend Comparison
SECD.DE's dividend yield for the trailing twelve months is around 2.71%, while SECA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SECA.DE iShares Euro Government Bond Climate UCITS ETF EUR 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
With a correlation of 0.96, SECD.DE and SECA.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SECD.DE and SECA.DE have the same expense ratio: 0.09% per year.
Both ETFs track FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond.
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