SEMI.AS vs. PCT.L
SEMI.AS (iShares MSCI Global Semiconductors UCITS ETF USD Acc) is Semiconductors fund tracking the MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped Index, while PCT.L (Polar Capital Technology Trust) is a stock. Over the past 3 years, SEMI.AS returned 61.88%/yr vs 51.71%/yr for PCT.L. A 0.79 correlation means they provide meaningful diversification when combined.
Performance
SEMI.AS vs. PCT.L - Performance Comparison
Loading charts...
Different Trading Currencies
SEMI.AS is traded in USD, while PCT.L is traded in GBp. To make them comparable, the PCT.L 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 102.20% return, which is significantly higher than PCT.L's 56.64% return.
SEMI.AS
- 1D
- 1.73%
- 1M
- 31.94%
- YTD
- 102.20%
- 6M
- 105.92%
- 1Y
- 210.36%
- 3Y*
- 61.88%
- 5Y*
- —
- 10Y*
- —
PCT.L
- 1D
- -0.95%
- 1M
- 17.88%
- YTD
- 56.64%
- 6M
- 59.57%
- 1Y
- 116.99%
- 3Y*
- 51.71%
- 5Y*
- 25.47%
- 10Y*
- 27.45%
SEMI.AS vs. PCT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SEMI.AS iShares MSCI Global Semiconductors UCITS ETF USD Acc | 102.20% | 53.14% | 15.06% | 65.69% | -35.80% | 14.84% |
PCT.L Polar Capital Technology Trust | 56.64% | 43.19% | 32.06% | 58.46% | -43.56% | 6.80% |
Correlation
The correlation between SEMI.AS and PCT.L is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021 | 0.79 |
The correlation between SEMI.AS and PCT.L has been stable across timeframes, ranging from 0.78 to 0.79 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SEMI.AS vs. PCT.L — Risk / Return Rank
SEMI.AS
PCT.L
SEMI.AS vs. PCT.L - 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 Polar Capital Technology Trust (PCT.L). 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.
| SEMI.AS | PCT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.80 | 1.71 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 14.16 | 9.92 | +4.23 |
| Martin ratioReturn relative to average drawdown | 52.55 | 34.19 | +18.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SEMI.AS | PCT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.36 | 4.72 | +1.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.94 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.67 | +0.44 |
Drawdowns
SEMI.AS vs. PCT.L - Drawdown Comparison
The maximum SEMI.AS drawdown since its inception was -45.27%, smaller than the maximum PCT.L drawdown of -63.48%. Use the drawdown chart below to compare losses from any high point for SEMI.AS and PCT.L.
Loading charts...
Drawdown Indicators
| SEMI.AS | PCT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.27% | -63.48% | +18.21% |
Max Drawdown (1Y)Largest decline over 1 year | -14.57% | -11.72% | -2.85% |
Max Drawdown (3Y)Largest decline over 3 years | -38.23% | -31.94% | -6.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.12% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.95% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -13.40% | -11.60% | -1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 3.41% | +0.54% |
Volatility
SEMI.AS vs. PCT.L - Volatility Comparison
iShares MSCI Global Semiconductors UCITS ETF USD Acc (SEMI.AS) has a higher volatility of 13.09% compared to Polar Capital Technology Trust (PCT.L) at 8.62%. This indicates that SEMI.AS's price experiences larger fluctuations and is considered to be riskier than PCT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SEMI.AS | PCT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.09% | 8.62% | +4.47% |
Volatility (6M)Calculated over the trailing 6-month period | 25.64% | 18.69% | +6.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.47% | 24.69% | +7.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.59% | 27.09% | +4.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.59% | 26.27% | +5.32% |
Dividends
SEMI.AS vs. PCT.L - Dividend Comparison
Neither SEMI.AS nor PCT.L has paid dividends to shareholders.
Frequently Asked Questions
SEMI.AS and PCT.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for SEMI.AS and PCT.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer