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SEMI.AS vs. WINC.AS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SEMI.AS vs. WINC.AS

Last updated Jun 4, 2026

SEMI.AS (iShares MSCI Global Semiconductors UCITS ETF USD Acc) and WINC.AS (iShares World Equity High Income UCITS ETF USD Inc) 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 WINC.AS is a Global Equity Income fund actively managed by iShares. SEMI.AS is passively managed, while WINC.AS is actively managed. Over the past year, SEMI.AS returned 210.36% vs 25.00% for WINC.AS. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

SEMI.AS vs. WINC.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 World Equity High Income UCITS ETF USD Inc (WINC.AS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SEMI.AS achieves a 102.20% return, which is significantly higher than WINC.AS's 8.19% return.

SEMI.AS

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

WINC.AS

1D
-0.54%
1M
3.21%
YTD
8.19%
6M
9.90%
1Y
25.00%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024
SEMI.AS
iShares MSCI Global Semiconductors UCITS ETF USD Acc		102.20%53.14%-2.61%
WINC.AS
iShares World Equity High Income UCITS ETF USD Inc		8.19%21.56%8.92%

Correlation

The correlation between SEMI.AS and WINC.AS is 0.64, 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

0.64

Correlation (All Time)
Calculated using the full available price history since Apr 3, 2024

0.59

The correlation between SEMI.AS and WINC.AS has been stable across timeframes, ranging from 0.59 to 0.64 - a consistent structural relationship.

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iShares MSCI Global Semiconductors UCITS ETF USD Acc

iShares World Equity High Income UCITS ETF USD Inc

Often compared with SEMI.AS:
SEMI.AS vs. PCT.LSEMI.AS vs. CNDX.ASSEMI.AS vs. CSPX.ASSEMI.AS vs. IMAE.ASSEMI.AS vs. IWDA.ASSEMI.AS vs. DFND.ASSEMI.AS vs. WITS.AS
Often compared with WINC.AS:
WINC.AS vs. JEPQWINC.AS vs. JEPG.LWINC.AS vs. JEQP.LWINC.AS vs. VWRL.ASWINC.AS vs. SWDA.LWINC.AS vs. TDGB.LWINC.AS vs. QQQI

Return for Risk

SEMI.AS vs. WINC.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: 9797
Overall Rank
SEMI.AS Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
SEMI.AS Sortino Ratio Rank: 9797
Sortino Ratio Rank
SEMI.AS Omega Ratio Rank: 9696
Omega Ratio Rank
SEMI.AS Calmar Ratio Rank: 9898
Calmar Ratio Rank
SEMI.AS Martin Ratio Rank: 9797
Martin Ratio Rank
WINC.AS
WINC.AS Risk / Return Rank: 7474
Overall Rank
WINC.AS Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
WINC.AS Sortino Ratio Rank: 7878
Sortino Ratio Rank
WINC.AS Omega Ratio Rank: 7070
Omega Ratio Rank
WINC.AS Calmar Ratio Rank: 7373
Calmar Ratio Rank
WINC.AS Martin Ratio Rank: 7979
Martin Ratio Rank
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. WINC.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 World Equity High Income UCITS ETF USD Inc (WINC.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.ASWINC.ASDifference
Sharpe ratioReturn per unit of total volatility
6.36
2.35

+4.01

Sortino ratioReturn per unit of downside risk
6.25
3.54

+2.71

Omega ratioGain probability vs. loss probability

1.80

1.43

+0.37

Calmar ratioReturn relative to maximum drawdown

14.16

3.68

+10.48

Martin ratioReturn relative to average drawdown

52.55

15.56

+36.99

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. WINC.AS - Sharpe Ratio Comparison

The current SEMI.AS Sharpe Ratio is 6.36, which is higher than the WINC.AS Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of SEMI.AS and WINC.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.

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Sharpe Ratios by Period

SEMI.ASWINC.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

6.36

2.35

+4.01

Sharpe Ratio (All Time)

Calculated using the full available price history

1.11

1.58

-0.47

Drawdowns

SEMI.AS vs. WINC.AS - Drawdown Comparison

The maximum SEMI.AS drawdown since its inception was -45.27%, which is greater than WINC.AS's maximum drawdown of -14.81%. Use the drawdown chart below to compare losses from any high point for SEMI.AS and WINC.AS.

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Drawdown Indicators

SEMI.ASWINC.ASDifference

Max Drawdown

Largest peak-to-trough decline

-45.27%

-14.81%

-30.46%

Max Drawdown (1Y)

Largest decline over 1 year

-14.57%

-6.77%

-7.80%

Max Drawdown (3Y)

Largest decline over 3 years

-38.23%

—

—

Current Drawdown

Current decline from peak

0.00%

-0.98%

+0.98%

Average Drawdown

Average peak-to-trough decline

-13.40%

-1.54%

-11.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.95%

1.60%

+2.35%

Volatility

SEMI.AS vs. WINC.AS - Volatility Comparison

iShares MSCI Global Semiconductors UCITS ETF USD Acc (SEMI.AS) has a higher volatility of 13.09% compared to iShares World Equity High Income UCITS ETF USD Inc (WINC.AS) at 3.10%. This indicates that SEMI.AS's price experiences larger fluctuations and is considered to be riskier than WINC.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SEMI.ASWINC.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

13.09%

3.10%

+9.99%

Volatility (6M)

Calculated over the trailing 6-month period

25.64%

8.24%

+17.40%

Volatility (1Y)

Calculated over the trailing 1-year period

32.47%

10.58%

+21.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

31.59%

13.85%

+17.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.59%

13.85%

+17.74%

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

Both SEMI.AS and WINC.AS have an expense ratio of 0.35%.

Dividends

SEMI.AS vs. WINC.AS - Dividend Comparison

SEMI.AS has not paid dividends to shareholders, while WINC.AS's dividend yield for the trailing twelve months is around 9.70%.

PositionTTM20252024
SEMI.AS
iShares MSCI Global Semiconductors UCITS ETF USD Acc		0.00%0.00%0.00%
WINC.AS
iShares World Equity High Income UCITS ETF USD Inc		9.70%9.38%4.88%

Frequently Asked Questions

SEMI.AS and WINC.AS have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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 WINC.AS have the same expense ratio: 0.35% per year.

SEMI.AS is categorized as Semiconductors, while WINC.AS is Global Equity Income.

Portfolio Optimizer

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