SLMA.DE vs. SEC0.DE

Last updated Jun 5, 2026

SLMA.DE (iShares MSCI EMU ESG Screened UCITS ETF EUR (Acc)) and SEC0.DE (iShares MSCI Global Semiconductors UCITS ETF USD (Acc)) are both exchange-traded funds - SLMA.DE is a Europe Equities fund tracking the MSCI EMU ESG Screened, while SEC0.DE is a Semiconductors fund tracking the MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped. Both are passively managed. Over the past 3 years, SLMA.DE returned 15.58%/yr vs 56.37%/yr for SEC0.DE. A 0.62 correlation means they provide meaningful diversification when combined. SLMA.DE charges 0.12%/yr vs 0.35%/yr for SEC0.DE.

Performance

SLMA.DE vs. SEC0.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI EMU ESG Screened UCITS ETF EUR (Acc) (SLMA.DE) and iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLMA.DE achieves a 8.54% return, which is significantly lower than SEC0.DE's 98.10% return.

SLMA.DE

• 1D: 0.46%
• 1M: 2.64%
• YTD: 8.54%
• 6M: 10.39%
• 1Y: 16.70%
• 3Y*: 15.58%
• 5Y*: 10.24%
• 10Y*: —

SEC0.DE

• 1D: -2.85%
• 1M: 18.95%
• YTD: 98.10%
• 6M: 98.14%
• 1Y: 188.23%
• 3Y*: 56.37%
• 5Y*: —
• 10Y*: —

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

SLMA.DE vs. SEC0.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SLMA.DE iShares MSCI EMU ESG Screened UCITS ETF EUR (Acc)	8.54%	22.99%	9.30%	19.71%	-12.70%	2.78%
SEC0.DE iShares MSCI Global Semiconductors UCITS ETF USD (Acc)	98.10%	36.46%	20.85%	61.01%	-32.22%	21.11%

Correlation

The correlation between SLMA.DE and SEC0.DE is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021	0.62

The correlation between SLMA.DE and SEC0.DE has been stable across timeframes, ranging from 0.55 to 0.62 - a consistent structural relationship.

Return for Risk

SLMA.DE vs. SEC0.DE — Risk / Return Rank

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

SLMA.DE

SLMA.DE Risk / Return Rank: 34
SLMA.DE Sharpe Ratio Rank: 32
SLMA.DE Sortino Ratio Rank: 34
SLMA.DE Omega Ratio Rank: 33
SLMA.DE Calmar Ratio Rank: 34
SLMA.DE Martin Ratio Rank: 39

SEC0.DE

SEC0.DE Risk / Return Rank: 97
SEC0.DE Sharpe Ratio Rank: 98
SEC0.DE Sortino Ratio Rank: 97
SEC0.DE Omega Ratio Rank: 95
SEC0.DE Calmar Ratio Rank: 98
SEC0.DE Martin Ratio Rank: 98

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.

SLMA.DE vs. SEC0.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU ESG Screened UCITS ETF EUR (Acc) (SLMA.DE) and iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.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.

	SLMA.DE	SEC0.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.16	5.89	-4.73
Sortino ratio: Return per unit of downside risk	1.77	5.86	-4.09
Omega ratio: Gain probability vs. loss probability	1.22	1.75	-0.53
Calmar ratio: Return relative to maximum drawdown	1.63	14.81	-13.17
Martin ratio: Return relative to average drawdown	5.91	52.61	-46.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SLMA.DE vs. SEC0.DE - Sharpe Ratio Comparison

The current SLMA.DE Sharpe Ratio is 1.16, which is lower than the SEC0.DE Sharpe Ratio of 5.89. The chart below compares the historical Sharpe Ratios of SLMA.DE and SEC0.DE, 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

	SLMA.DE	SEC0.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	5.89	-4.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	1.17	-0.54

Drawdowns

SLMA.DE vs. SEC0.DE - Drawdown Comparison

The maximum SLMA.DE drawdown since its inception was -37.39%, roughly equal to the maximum SEC0.DE drawdown of -39.35%. Use the drawdown chart below to compare losses from any high point for SLMA.DE and SEC0.DE.

Drawdown Indicators

	SLMA.DE	SEC0.DE	Difference
Max Drawdown Largest peak-to-trough decline	-37.39%	-39.35%	+1.96%
Max Drawdown (1Y) Largest decline over 1 year	-10.24%	-12.90%	+2.66%
Max Drawdown (3Y) Largest decline over 3 years	-15.06%	-39.35%	+24.29%
Max Drawdown (5Y) Largest decline over 5 years	-25.10%	—	—
Current Drawdown Current decline from peak	-0.36%	-2.85%	+2.49%
Average Drawdown Average peak-to-trough decline	-5.40%	-11.85%	+6.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	3.64%	-0.80%

Volatility

SLMA.DE vs. SEC0.DE - Volatility Comparison

The current volatility for iShares MSCI EMU ESG Screened UCITS ETF EUR (Acc) (SLMA.DE) is 4.51%, while iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.DE) has a volatility of 13.13%. This indicates that SLMA.DE experiences smaller price fluctuations and is considered to be less risky than SEC0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLMA.DE	SEC0.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.51%	13.13%	-8.62%
Volatility (6M) Calculated over the trailing 6-month period	11.82%	25.14%	-13.32%
Volatility (1Y) Calculated over the trailing 1-year period	14.42%	32.42%	-18.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.16%	29.95%	-13.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.01%	29.95%	-11.94%

SLMA.DE vs. SEC0.DE - Expense Ratio Comparison

SLMA.DE has a 0.12% expense ratio, which is lower than SEC0.DE's 0.35% expense ratio.

Dividends

SLMA.DE vs. SEC0.DE - Dividend Comparison

Neither SLMA.DE nor SEC0.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SLMA.DE and SEC0.DE in my portfolio?

SLMA.DE and SEC0.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SLMA.DE or SEC0.DE?

On fees, SLMA.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SLMA.DE or SEC0.DE?

SLMA.DE is cheaper with a 0.12% expense ratio, compared with 0.35% for SEC0.DE.

What is the main difference between SLMA.DE and SEC0.DE?

SLMA.DE is categorized as Europe Equities, while SEC0.DE is Semiconductors. SLMA.DE tracks MSCI EMU ESG Screened, while SEC0.DE tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped. Their fees differ too: 0.12% for SLMA.DE and 0.35% for SEC0.DE.