VWCE.DE vs. SEC0.DE
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and SEC0.DE (iShares MSCI Global Semiconductors UCITS ETF USD (Acc)) are both exchange-traded funds - VWCE.DE is a Global Equities fund tracking the FTSE All-World Index, 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, VWCE.DE returned 17.02%/yr vs 56.37%/yr for SEC0.DE. A 0.78 correlation means they provide meaningful diversification when combined. VWCE.DE charges 0.19%/yr vs 0.35%/yr for SEC0.DE.
Performance
VWCE.DE vs. SEC0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VWCE.DE achieves a 11.72% return, which is significantly lower than SEC0.DE's 98.10% return.
VWCE.DE
- 1D
- 1.82%
- 1M
- 0.89%
- YTD
- 11.72%
- 6M
- 13.39%
- 1Y
- 26.35%
- 3Y*
- 17.02%
- 5Y*
- 11.89%
- 10Y*
- —
SEC0.DE
- 1D
- -2.85%
- 1M
- 10.91%
- YTD
- 98.10%
- 6M
- 104.45%
- 1Y
- 185.19%
- 3Y*
- 56.37%
- 5Y*
- —
- 10Y*
- —
VWCE.DE vs. SEC0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VWCE.DE Vanguard FTSE All-World UCITS ETF | 11.72% | 9.16% | 24.41% | 18.18% | -13.47% | 8.38% |
SEC0.DE iShares MSCI Global Semiconductors UCITS ETF USD (Acc) | 98.10% | 36.46% | 20.85% | 61.01% | -32.22% | 21.50% |
Correlation
The correlation between VWCE.DE and SEC0.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021 | 0.78 |
The correlation between VWCE.DE and SEC0.DE has been stable across timeframes, ranging from 0.76 to 0.78 - a consistent structural relationship.
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Return for Risk
VWCE.DE vs. SEC0.DE — Risk / Return Rank
VWCE.DE
SEC0.DE
VWCE.DE vs. SEC0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (VWCE.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.
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.
| VWCE.DE | SEC0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.68 | ||
| Sortino ratioReturn per unit of downside risk | -2.77 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.75 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 14.81 | -10.89 |
| Martin ratioReturn relative to average drawdown | 16.07 | 52.61 | -36.54 |
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Drawdowns
VWCE.DE vs. SEC0.DE - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, smaller than the maximum SEC0.DE drawdown of -39.35%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and SEC0.DE.
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Drawdown Indicators
| VWCE.DE | SEC0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -39.35% | +5.92% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -12.90% | +6.35% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -39.35% | +18.28% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | — | — |
Current DrawdownCurrent decline from peak | -1.47% | -2.85% | +1.38% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -11.84% | +7.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 3.64% | -2.04% |
Volatility
VWCE.DE vs. SEC0.DE - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (VWCE.DE) is 3.40%, while iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.DE) has a volatility of 13.13%. This indicates that VWCE.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
| VWCE.DE | SEC0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 13.13% | -9.73% |
Volatility (6M)Calculated over the trailing 6-month period | 8.51% | 25.14% | -16.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 32.42% | -20.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.79% | 29.94% | -16.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 29.94% | -13.78% |
VWCE.DE vs. SEC0.DE - Expense Ratio Comparison
VWCE.DE has a 0.19% expense ratio, which is lower than SEC0.DE's 0.35% expense ratio.
Dividends
VWCE.DE vs. SEC0.DE - Dividend Comparison
Neither VWCE.DE nor SEC0.DE has paid dividends to shareholders.
Frequently Asked Questions
VWCE.DE and SEC0.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.35% for SEC0.DE.
VWCE.DE is categorized as Global Equities, while SEC0.DE is Semiconductors. VWCE.DE tracks FTSE All-World Index, while SEC0.DE tracks MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.19% for VWCE.DE and 0.35% for SEC0.DE.
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