SEMI.AS vs. VVSM.DE
SEMI.AS (iShares MSCI Global Semiconductors UCITS ETF USD Acc) and VVSM.DE (VanEck Semiconductor UCITS ETF) are both Semiconductors funds - SEMI.AS tracks the MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped Index while VVSM.DE tracks the MVIS US Listed Semiconductor 10% Capped ESG Index. Both are passively managed. Over the past 3 years, SEMI.AS returned 61.99%/yr vs 62.10%/yr for VVSM.DE. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.35% expense ratio.
Performance
SEMI.AS vs. VVSM.DE - Performance Comparison
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Different Trading Currencies
SEMI.AS is traded in USD, while VVSM.DE is traded in EUR. To make them comparable, the VVSM.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 102.46% return, which is significantly higher than VVSM.DE's 88.35% return.
SEMI.AS
- 1D
- -7.11%
- 1M
- 12.96%
- YTD
- 102.46%
- 6M
- 105.22%
- 1Y
- 191.43%
- 3Y*
- 61.99%
- 5Y*
- —
- 10Y*
- —
VVSM.DE
- 1D
- -5.58%
- 1M
- 11.49%
- YTD
- 88.35%
- 6M
- 89.23%
- 1Y
- 165.50%
- 3Y*
- 62.10%
- 5Y*
- 37.04%
- 10Y*
- —
SEMI.AS vs. VVSM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SEMI.AS iShares MSCI Global Semiconductors UCITS ETF USD Acc | 102.46% | 52.80% | 15.12% | 65.80% | -35.80% | 14.91% |
VVSM.DE VanEck Semiconductor UCITS ETF | 88.35% | 50.40% | 23.95% | 75.57% | -36.50% | 16.39% |
Correlation
The correlation between SEMI.AS and VVSM.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 (All Time) Calculated using the full available price history since Aug 5, 2021 | 0.96 |
The correlation between SEMI.AS and VVSM.DE has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.
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Return for Risk
SEMI.AS vs. VVSM.DE — Risk / Return Rank
SEMI.AS
VVSM.DE
SEMI.AS vs. VVSM.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 VanEck Semiconductor UCITS ETF (VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.62 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 12.89 | 11.75 | +1.14 |
| Martin ratioReturn relative to average drawdown | 45.20 | 41.33 | +3.87 |
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Drawdowns
SEMI.AS vs. VVSM.DE - Drawdown Comparison
The maximum SEMI.AS drawdown since its inception was -45.27%, roughly equal to the maximum VVSM.DE drawdown of -45.83%. Use the drawdown chart below to compare losses from any high point for SEMI.AS and VVSM.DE.
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Drawdown Indicators
| SEMI.AS | VVSM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.27% | -45.83% | +0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -14.57% | -14.00% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -38.23% | -36.86% | -1.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.83% | — |
Current DrawdownCurrent decline from peak | -7.11% | -5.58% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -13.25% | -11.66% | -1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.18% | 3.99% | +0.19% |
Volatility
SEMI.AS vs. VVSM.DE - Volatility Comparison
iShares MSCI Global Semiconductors UCITS ETF USD Acc (SEMI.AS) has a higher volatility of 15.24% compared to VanEck Semiconductor UCITS ETF (VVSM.DE) at 14.09%. This indicates that SEMI.AS's price experiences larger fluctuations and is considered to be riskier than VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.24% | 14.09% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 28.92% | 27.38% | +1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.27% | 34.51% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.06% | 32.76% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.06% | 33.11% | -1.05% |
SEMI.AS vs. VVSM.DE - Expense Ratio Comparison
Both SEMI.AS and VVSM.DE have an expense ratio of 0.35%.
Dividends
SEMI.AS vs. VVSM.DE - Dividend Comparison
Neither SEMI.AS nor VVSM.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, SEMI.AS and VVSM.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 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SEMI.AS and VVSM.DE have the same expense ratio: 0.35% per year.
SEMI.AS tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped Index, while VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index. They also come from different issuers: iShares and VanEck.
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