SEMI.AS vs. R1GR.AS

Last updated Jun 4, 2026

SEMI.AS (iShares MSCI Global Semiconductors UCITS ETF USD Acc) and R1GR.AS (iShares Russell 1000 Growth UCITS ETF) 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 R1GR.AS is a Large Cap Growth Equities fund tracking the Russell 1000 Growth UCITS 30/18 Capped index. Both are passively managed. Over the past year, SEMI.AS returned 210.36% vs 26.08% for R1GR.AS. A 0.73 correlation means they provide meaningful diversification when combined. SEMI.AS charges 0.35%/yr vs 0.18%/yr for R1GR.AS.

Performance

SEMI.AS vs. R1GR.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Global Semiconductors UCITS ETF USD Acc (SEMI.AS) and iShares Russell 1000 Growth UCITS ETF (R1GR.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEMI.AS achieves a 102.20% return, which is significantly higher than R1GR.AS's 6.63% return.

SEMI.AS

• 1D: 1.73%
• 1M: 31.94%
• YTD: 102.20%
• 6M: 105.92%
• 1Y: 210.36%
• 3Y*: 61.88%
• 5Y*: —
• 10Y*: —

R1GR.AS

• 1D: -1.36%
• 1M: 6.06%
• YTD: 6.63%
• 6M: 6.84%
• 1Y: 26.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SEMI.AS vs. R1GR.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SEMI.AS iShares MSCI Global Semiconductors UCITS ETF USD Acc	102.20%	53.14%	15.06%	9.62%
R1GR.AS iShares Russell 1000 Growth UCITS ETF	6.63%	17.57%	35.07%	6.55%

Correlation

The correlation between SEMI.AS and R1GR.AS is 0.71, 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	0.71
Correlation (All Time) Calculated using the full available price history since Aug 1, 2023	0.73

The correlation between SEMI.AS and R1GR.AS has been stable across timeframes, ranging from 0.71 to 0.73 - a consistent structural relationship.

Return for Risk

SEMI.AS vs. R1GR.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SEMI.AS

SEMI.AS Risk / Return Rank: 97
SEMI.AS Sharpe Ratio Rank: 98
SEMI.AS Sortino Ratio Rank: 97
SEMI.AS Omega Ratio Rank: 96
SEMI.AS Calmar Ratio Rank: 98
SEMI.AS Martin Ratio Rank: 97

R1GR.AS

R1GR.AS Risk / Return Rank: 42
R1GR.AS Sharpe Ratio Rank: 48
R1GR.AS Sortino Ratio Rank: 49
R1GR.AS Omega Ratio Rank: 45
R1GR.AS Calmar Ratio Rank: 33
R1GR.AS Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SEMI.AS vs. R1GR.AS - 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 iShares Russell 1000 Growth UCITS ETF (R1GR.AS). 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	R1GR.AS	Difference
Sharpe ratio: Return per unit of total volatility	6.36	1.68	+4.69
Sortino ratio: Return per unit of downside risk	6.25	2.42	+3.83
Omega ratio: Gain probability vs. loss probability	1.80	1.29	+0.51
Calmar ratio: Return relative to maximum drawdown	14.16	1.64	+12.52
Martin ratio: Return relative to average drawdown	52.55	5.35	+47.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SEMI.AS vs. R1GR.AS - Sharpe Ratio Comparison

The current SEMI.AS Sharpe Ratio is 6.36, which is higher than the R1GR.AS Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of SEMI.AS and R1GR.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SEMI.AS	R1GR.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.36	1.68	+4.69
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	1.33	-0.22

Drawdowns

SEMI.AS vs. R1GR.AS - Drawdown Comparison

The maximum SEMI.AS drawdown since its inception was -45.27%, which is greater than R1GR.AS's maximum drawdown of -23.09%. Use the drawdown chart below to compare losses from any high point for SEMI.AS and R1GR.AS.

Drawdown Indicators

	SEMI.AS	R1GR.AS	Difference
Max Drawdown Largest peak-to-trough decline	-45.27%	-23.09%	-22.18%
Max Drawdown (1Y) Largest decline over 1 year	-14.57%	-15.71%	+1.14%
Max Drawdown (3Y) Largest decline over 3 years	-38.23%	—	—
Current Drawdown Current decline from peak	0.00%	-1.36%	+1.36%
Average Drawdown Average peak-to-trough decline	-13.40%	-3.34%	-10.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.95%	4.84%	-0.89%

Volatility

SEMI.AS vs. R1GR.AS - Volatility Comparison

iShares MSCI Global Semiconductors UCITS ETF USD Acc (SEMI.AS) has a higher volatility of 13.09% compared to iShares Russell 1000 Growth UCITS ETF (R1GR.AS) at 4.25%. This indicates that SEMI.AS's price experiences larger fluctuations and is considered to be riskier than R1GR.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEMI.AS	R1GR.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.09%	4.25%	+8.84%
Volatility (6M) Calculated over the trailing 6-month period	25.64%	11.33%	+14.31%
Volatility (1Y) Calculated over the trailing 1-year period	32.47%	15.41%	+17.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.59%	18.92%	+12.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.59%	18.92%	+12.67%

SEMI.AS vs. R1GR.AS - Expense Ratio Comparison

SEMI.AS has a 0.35% expense ratio, which is higher than R1GR.AS's 0.18% expense ratio.

Dividends

SEMI.AS vs. R1GR.AS - Dividend Comparison

Neither SEMI.AS nor R1GR.AS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SEMI.AS and R1GR.AS in my portfolio?

SEMI.AS and R1GR.AS have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SEMI.AS or R1GR.AS?

On fees, R1GR.AS is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SEMI.AS or R1GR.AS?

R1GR.AS is cheaper with a 0.18% expense ratio, compared with 0.35% for SEMI.AS.

What is the main difference between SEMI.AS and R1GR.AS?

SEMI.AS is categorized as Semiconductors, while R1GR.AS is Large Cap Growth Equities. SEMI.AS tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped Index, while R1GR.AS tracks Russell 1000 Growth UCITS 30/18 Capped index. Their fees differ too: 0.35% for SEMI.AS and 0.18% for R1GR.AS.