SEMI.AS vs. AMEM.DE
SEMI.AS (iShares MSCI Global Semiconductors UCITS ETF USD Acc) and AMEM.DE (Amundi MSCI Emerging Markets UCITS ETF EUR) are both exchange-traded funds - SEMI.AS is a Semiconductors fund tracking the MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped Index, while AMEM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 3 years, SEMI.AS returned 52.51%/yr vs 19.90%/yr for AMEM.DE. A 0.67 correlation means they provide meaningful diversification when combined. SEMI.AS charges 0.35%/yr vs 0.20%/yr for AMEM.DE.
Performance
SEMI.AS vs. AMEM.DE - Performance Comparison
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Different Trading Currencies
SEMI.AS is traded in USD, while AMEM.DE is traded in EUR. To make them comparable, the AMEM.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SEMI.AS achieves a 77.21% return, which is significantly higher than AMEM.DE's 17.24% return.
SEMI.AS
- 1D
- 2.15%
- 1M
- -16.85%
- 6M
- 57.97%
- YTD
- 77.21%
- 1Y
- 133.42%
- 3Y*
- 52.51%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 31.00%
AMEM.DE
- 1D
- 1.01%
- 1M
- -8.76%
- 6M
- 10.70%
- YTD
- 17.24%
- 1Y
- 32.75%
- 3Y*
- 19.90%
- 5Y*
- 6.93%
- 10Y*
- 8.72%
- ALL TIME*
- 4.81%
SEMI.AS vs. AMEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SEMI.AS iShares MSCI Global Semiconductors UCITS ETF USD Acc | 77.21% | 52.80% | 15.12% | 65.80% | -35.80% | 14.91% |
AMEM.DE Amundi MSCI Emerging Markets UCITS ETF EUR | 17.24% | 34.59% | 7.19% | 8.68% | -18.57% | -5.85% |
Correlation
The correlation between SEMI.AS and AMEM.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2021 | 0.67 |
The correlation between SEMI.AS and AMEM.DE shifts across timeframes, from 0.67 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SEMI.AS vs. AMEM.DE — Risk / Return Rank
SEMI.AS
AMEM.DE
SEMI.AS vs. AMEM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Semiconductors UCITS ETF USD Acc (SEMI.AS) and Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SEMI.AS | AMEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.28 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 6.43 | 2.54 | +3.89 |
| Martin ratioReturn relative to average drawdown | 24.70 | 7.87 | +16.84 |
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Drawdowns
SEMI.AS vs. AMEM.DE - Drawdown Comparison
The maximum SEMI.AS drawdown since its inception was -45.27%, which is greater than AMEM.DE's maximum drawdown of -39.90%. Use the drawdown chart below to compare losses from any high point for SEMI.AS and AMEM.DE.
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Drawdown Indicators
| SEMI.AS | AMEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.27% | -39.90% | -5.37% |
Max Drawdown (1Y)Largest decline over 1 year | -20.40% | -12.85% | -7.55% |
Max Drawdown (3Y)Largest decline over 3 years | -38.23% | -18.08% | -20.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.90% | — |
Current DrawdownCurrent decline from peak | -18.69% | -10.08% | -8.61% |
Average DrawdownAverage peak-to-trough decline | -13.22% | -16.00% | +2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.31% | 4.15% | +1.16% |
Volatility
SEMI.AS vs. AMEM.DE - Volatility Comparison
iShares MSCI Global Semiconductors UCITS ETF USD Acc (SEMI.AS) has a higher volatility of 18.20% compared to Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE) at 8.86%. This indicates that SEMI.AS's price experiences larger fluctuations and is considered to be riskier than AMEM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEMI.AS | AMEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.20% | 8.86% | +9.34% |
Volatility (6M)Calculated over the trailing 6-month period | 32.75% | 19.18% | +13.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.54% | 21.46% | +17.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.65% | 19.22% | +13.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.65% | 19.63% | +13.02% |
SEMI.AS vs. AMEM.DE - Expense Ratio Comparison
SEMI.AS has a 0.35% expense ratio, which is higher than AMEM.DE's 0.20% expense ratio.
Dividends
SEMI.AS vs. AMEM.DE - Dividend Comparison
Neither SEMI.AS nor AMEM.DE has paid dividends to shareholders.
Frequently Asked Questions
SEMI.AS and AMEM.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMEM.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMEM.DE is cheaper with a 0.20% expense ratio, compared with 0.35% for SEMI.AS.
SEMI.AS is categorized as Semiconductors, while AMEM.DE is Emerging Markets Equities. SEMI.AS tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped Index, while AMEM.DE tracks MSCI Emerging Markets. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.35% for SEMI.AS and 0.20% for AMEM.DE.
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