SXRJ.DE vs. SEC0.DE
SXRJ.DE (iShares MSCI EMU Small Cap UCITS ETF (Acc)) and SEC0.DE (iShares MSCI Global Semiconductors UCITS ETF USD (Acc)) are both exchange-traded funds - SXRJ.DE is a Europe Equities fund tracking the MSCI EMU Small Cap, 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, SXRJ.DE returned 13.45%/yr vs 56.37%/yr for SEC0.DE. A 0.59 correlation means they provide meaningful diversification when combined. SXRJ.DE charges 0.58%/yr vs 0.35%/yr for SEC0.DE.
Performance
SXRJ.DE vs. SEC0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRJ.DE achieves a 10.87% return, which is significantly lower than SEC0.DE's 98.10% return.
SXRJ.DE
- 1D
- 0.05%
- 1M
- 2.75%
- YTD
- 10.87%
- 6M
- 13.69%
- 1Y
- 17.11%
- 3Y*
- 13.45%
- 5Y*
- 6.53%
- 10Y*
- 9.05%
SEC0.DE
- 1D
- -2.85%
- 1M
- 23.18%
- YTD
- 98.10%
- 6M
- 100.19%
- 1Y
- 192.28%
- 3Y*
- 56.37%
- 5Y*
- —
- 10Y*
- —
SXRJ.DE vs. SEC0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SXRJ.DE iShares MSCI EMU Small Cap UCITS ETF (Acc) | 10.87% | 25.22% | -0.19% | 14.41% | -16.60% | 1.79% |
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 SXRJ.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 | 0.51 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | 0.59 |
The correlation between SXRJ.DE and SEC0.DE has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.
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Return for Risk
SXRJ.DE vs. SEC0.DE — Risk / Return Rank
SXRJ.DE
SEC0.DE
SXRJ.DE vs. SEC0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Small Cap UCITS ETF (Acc) (SXRJ.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.
| SXRJ.DE | SEC0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.66 | ||
| Sortino ratioReturn per unit of downside risk | -4.05 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.75 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 14.81 | -13.21 |
| Martin ratioReturn relative to average drawdown | 5.95 | 52.61 | -46.66 |
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
| SXRJ.DE | SEC0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 5.89 | -4.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 1.17 | -0.58 |
Drawdowns
SXRJ.DE vs. SEC0.DE - Drawdown Comparison
The maximum SXRJ.DE drawdown since its inception was -39.38%, roughly equal to the maximum SEC0.DE drawdown of -39.35%. Use the drawdown chart below to compare losses from any high point for SXRJ.DE and SEC0.DE.
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Drawdown Indicators
| SXRJ.DE | SEC0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.38% | -39.35% | -0.03% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -12.90% | +2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -15.73% | -39.35% | +23.62% |
Max Drawdown (5Y)Largest decline over 5 years | -29.43% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.38% | — | — |
Current DrawdownCurrent decline from peak | -1.35% | -2.85% | +1.50% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -11.85% | +4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 3.64% | -0.77% |
Volatility
SXRJ.DE vs. SEC0.DE - Volatility Comparison
The current volatility for iShares MSCI EMU Small Cap UCITS ETF (Acc) (SXRJ.DE) is 4.04%, while iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.DE) has a volatility of 13.13%. This indicates that SXRJ.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.
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Volatility by Period
| SXRJ.DE | SEC0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 13.13% | -9.09% |
Volatility (6M)Calculated over the trailing 6-month period | 11.42% | 25.14% | -13.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 32.42% | -18.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 29.95% | -13.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 29.95% | -13.67% |
SXRJ.DE vs. SEC0.DE - Expense Ratio Comparison
SXRJ.DE has a 0.58% expense ratio, which is higher than SEC0.DE's 0.35% expense ratio.
Dividends
SXRJ.DE vs. SEC0.DE - Dividend Comparison
Neither SXRJ.DE nor SEC0.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRJ.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.
On fees, SEC0.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SEC0.DE is cheaper with a 0.35% expense ratio, compared with 0.58% for SXRJ.DE.
SXRJ.DE is categorized as Europe Equities, while SEC0.DE is Semiconductors. SXRJ.DE tracks MSCI EMU Small Cap, while SEC0.DE tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped. Their fees differ too: 0.58% for SXRJ.DE and 0.35% for SEC0.DE.
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