SEMI.AS vs. XAIX

Last updated Jun 24, 2026

SEMI.AS (iShares MSCI Global Semiconductors UCITS ETF USD Acc) and XAIX (Xtrackers Artificial Intelligence and Big Data 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 XAIX is a Technology Equities fund tracking the Nasdaq Global Artificial Intelligence and Big Data Index. Both are passively managed. Over the past year, SEMI.AS returned 191.43% vs 52.90% for XAIX. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

SEMI.AS vs. XAIX - 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 Xtrackers Artificial Intelligence and Big Data ETF (XAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEMI.AS achieves a 102.46% return, which is significantly higher than XAIX's 30.66% return.

SEMI.AS

• 1D: -7.11%
• 1M: 12.96%
• YTD: 102.46%
• 6M: 105.22%
• 1Y: 191.43%
• 3Y*: 61.99%
• 5Y*: —
• 10Y*: —

XAIX

• 1D: -4.93%
• 1M: 3.71%
• YTD: 30.66%
• 6M: 30.48%
• 1Y: 52.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SEMI.AS vs. XAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SEMI.AS iShares MSCI Global Semiconductors UCITS ETF USD Acc	102.46%	52.80%	-2.40%
XAIX Xtrackers Artificial Intelligence and Big Data ETF	30.66%	29.05%	15.21%

Correlation

The correlation between SEMI.AS and XAIX is 0.65, 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	0.65
Correlation (All Time) Calculated using the full available price history since Aug 2, 2024	0.58

The correlation between SEMI.AS and XAIX has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.

Return for Risk

SEMI.AS vs. XAIX — 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: 96
SEMI.AS Omega Ratio Rank: 95
SEMI.AS Calmar Ratio Rank: 98
SEMI.AS Martin Ratio Rank: 97

XAIX

XAIX Risk / Return Rank: 70
XAIX Sharpe Ratio Rank: 72
XAIX Sortino Ratio Rank: 62
XAIX Omega Ratio Rank: 69
XAIX Calmar Ratio Rank: 77
XAIX Martin Ratio Rank: 72

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. XAIX - 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 Xtrackers Artificial Intelligence and Big Data ETF (XAIX). 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	XAIX	Difference
Sharpe ratio: Return per unit of total volatility	5.32	2.21	+3.11
Sortino ratio: Return per unit of downside risk	5.20	2.79	+2.41
Omega ratio: Gain probability vs. loss probability	1.68	1.39	+0.29
Calmar ratio: Return relative to maximum drawdown	12.89	3.79	+9.10
Martin ratio: Return relative to average drawdown	45.20	12.74	+32.46

SEMI.AS vs. XAIX - Sharpe Ratio Comparison

The current SEMI.AS Sharpe Ratio is 5.32, which is higher than the XAIX Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of SEMI.AS and XAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SEMI.AS vs. XAIX - Drawdown Comparison

The maximum SEMI.AS drawdown since its inception was -45.27%, which is greater than XAIX's maximum drawdown of -23.95%. Use the drawdown chart below to compare losses from any high point for SEMI.AS and XAIX.

Drawdown Indicators

	SEMI.AS	XAIX	Difference
Max Drawdown Largest peak-to-trough decline	-45.27%	-23.95%	-21.32%
Max Drawdown (1Y) Largest decline over 1 year	-14.57%	-14.01%	-0.56%
Max Drawdown (3Y) Largest decline over 3 years	-38.23%	—	—
Current Drawdown Current decline from peak	-7.11%	-8.01%	+0.90%
Average Drawdown Average peak-to-trough decline	-13.25%	-3.59%	-9.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.18%	4.16%	+0.02%

Volatility

SEMI.AS vs. XAIX - Volatility Comparison

iShares MSCI Global Semiconductors UCITS ETF USD Acc (SEMI.AS) has a higher volatility of 15.24% compared to Xtrackers Artificial Intelligence and Big Data ETF (XAIX) at 14.31%. This indicates that SEMI.AS's price experiences larger fluctuations and is considered to be riskier than XAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEMI.AS	XAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.24%	14.31%	+0.93%
Volatility (6M) Calculated over the trailing 6-month period	28.92%	21.18%	+7.74%
Volatility (1Y) Calculated over the trailing 1-year period	35.27%	24.04%	+11.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.06%	24.71%	+7.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.06%	24.71%	+7.35%

SEMI.AS vs. XAIX - Expense Ratio Comparison

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

Dividends

SEMI.AS vs. XAIX - Dividend Comparison

SEMI.AS has not paid dividends to shareholders, while XAIX's dividend yield for the trailing twelve months is around 0.39%.

Position	TTM	2025	2024
SEMI.AS iShares MSCI Global Semiconductors UCITS ETF USD Acc	0.00%	0.00%	0.00%
XAIX Xtrackers Artificial Intelligence and Big Data ETF	0.39%	0.54%	0.08%

Frequently Asked Questions

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

SEMI.AS and XAIX have a correlation of 0.65, 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 XAIX?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SEMI.AS or XAIX?

SEMI.AS and XAIX have the same expense ratio: 0.35% per year.

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

SEMI.AS is categorized as Semiconductors, while XAIX is Technology Equities. SEMI.AS tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped Index, while XAIX tracks Nasdaq Global Artificial Intelligence and Big Data Index. They also come from different issuers: iShares and Xtrackers.