SEMI.AS vs. V3AA.DE
SEMI.AS (iShares MSCI Global Semiconductors UCITS ETF USD Acc) and V3AA.DE (Vanguard ESG Global All Cap UCITS ETF (USD) Acc) 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 V3AA.DE is a Global Equities fund tracking the FTSE Global All Cap Choice Index. Both are passively managed. Over the past 3 years, SEMI.AS returned 60.68%/yr vs 20.83%/yr for V3AA.DE. A 0.78 correlation means they provide meaningful diversification when combined. SEMI.AS charges 0.35%/yr vs 0.24%/yr for V3AA.DE.
Performance
SEMI.AS vs. V3AA.DE - Performance Comparison
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Different Trading Currencies
SEMI.AS is traded in USD, while V3AA.DE is traded in EUR. To make them comparable, the V3AA.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 96.74% return, which is significantly higher than V3AA.DE's 11.47% return.
SEMI.AS
- 1D
- -2.70%
- 1M
- 22.71%
- YTD
- 96.74%
- 6M
- 99.56%
- 1Y
- 197.62%
- 3Y*
- 60.68%
- 5Y*
- —
- 10Y*
- —
V3AA.DE
- 1D
- 0.02%
- 1M
- 5.13%
- YTD
- 11.47%
- 6M
- 13.32%
- 1Y
- 29.23%
- 3Y*
- 20.83%
- 5Y*
- 10.30%
- 10Y*
- —
SEMI.AS vs. V3AA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SEMI.AS iShares MSCI Global Semiconductors UCITS ETF USD Acc | 96.74% | 53.14% | 15.06% | 65.69% | -35.80% | 14.84% |
V3AA.DE Vanguard ESG Global All Cap UCITS ETF (USD) Acc | 11.47% | 21.47% | 17.30% | 24.44% | -22.56% | 3.83% |
Correlation
The correlation between SEMI.AS and V3AA.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021 | 0.78 |
The correlation between SEMI.AS and V3AA.DE has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.
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Return for Risk
SEMI.AS vs. V3AA.DE — Risk / Return Rank
SEMI.AS
V3AA.DE
SEMI.AS vs. V3AA.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 Vanguard ESG Global All Cap UCITS ETF (USD) Acc (V3AA.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.
| SEMI.AS | V3AA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.75 | ||
| Sortino ratioReturn per unit of downside risk | +2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.39 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 13.30 | 2.83 | +10.48 |
| Martin ratioReturn relative to average drawdown | 49.34 | 11.76 | +37.57 |
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
| SEMI.AS | V3AA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.96 | 2.20 | +3.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.73 | +0.36 |
Drawdowns
SEMI.AS vs. V3AA.DE - Drawdown Comparison
The maximum SEMI.AS drawdown since its inception was -45.27%, which is greater than V3AA.DE's maximum drawdown of -29.60%. Use the drawdown chart below to compare losses from any high point for SEMI.AS and V3AA.DE.
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Drawdown Indicators
| SEMI.AS | V3AA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.27% | -29.60% | -15.67% |
Max Drawdown (1Y)Largest decline over 1 year | -14.57% | -10.30% | -4.27% |
Max Drawdown (3Y)Largest decline over 3 years | -38.23% | -18.70% | -19.53% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.60% | — |
Current DrawdownCurrent decline from peak | -2.70% | -0.91% | -1.79% |
Average DrawdownAverage peak-to-trough decline | -13.39% | -7.42% | -5.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 2.48% | +1.47% |
Volatility
SEMI.AS vs. V3AA.DE - Volatility Comparison
iShares MSCI Global Semiconductors UCITS ETF USD Acc (SEMI.AS) has a higher volatility of 13.20% compared to Vanguard ESG Global All Cap UCITS ETF (USD) Acc (V3AA.DE) at 3.81%. This indicates that SEMI.AS's price experiences larger fluctuations and is considered to be riskier than V3AA.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 | V3AA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.20% | 3.81% | +9.39% |
Volatility (6M)Calculated over the trailing 6-month period | 25.85% | 10.18% | +15.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.56% | 13.20% | +19.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.61% | 15.92% | +15.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.61% | 15.87% | +15.74% |
SEMI.AS vs. V3AA.DE - Expense Ratio Comparison
SEMI.AS has a 0.35% expense ratio, which is higher than V3AA.DE's 0.24% expense ratio.
Dividends
SEMI.AS vs. V3AA.DE - Dividend Comparison
Neither SEMI.AS nor V3AA.DE has paid dividends to shareholders.
Frequently Asked Questions
SEMI.AS and V3AA.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V3AA.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V3AA.DE is cheaper with a 0.24% expense ratio, compared with 0.35% for SEMI.AS.
SEMI.AS is categorized as Semiconductors, while V3AA.DE is Global Equities. SEMI.AS tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped Index, while V3AA.DE tracks FTSE Global All Cap Choice Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.35% for SEMI.AS and 0.24% for V3AA.DE.
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