PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
AGG vs. CNDX.AS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AGG vs. CNDX.AS

Last updated Jun 7, 2026

AGG (iShares Core U.S. Aggregate Bond ETF) and CNDX.AS (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index, while CNDX.AS is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, AGG returned 1.54%/yr vs 21.52%/yr for CNDX.AS. At a 0.01 correlation, their price movements are largely independent. AGG charges 0.03%/yr vs 0.36%/yr for CNDX.AS.

Performance

AGG vs. CNDX.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core U.S. Aggregate Bond ETF (AGG) and iShares NASDAQ 100 UCITS ETF (CNDX.AS). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

AGG is traded in USD, while CNDX.AS is traded in EUR. To make them comparable, the CNDX.AS values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AGG achieves a -0.08% return, which is significantly lower than CNDX.AS's 19.56% return. Over the past 10 years, AGG has underperformed CNDX.AS with an annualized return of 1.54%, while CNDX.AS has yielded a comparatively higher 21.52% annualized return.

AGG

1D
-0.50%
1M
-0.69%
YTD
-0.08%
6M
0.10%
1Y
4.97%
3Y*
3.80%
5Y*
0.03%
10Y*
1.54%

CNDX.AS

1D
-0.66%
1M
4.29%
YTD
19.56%
6M
18.40%
1Y
39.86%
3Y*
27.92%
5Y*
17.57%
10Y*
21.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AGG vs. CNDX.AS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AGG
iShares Core U.S. Aggregate Bond ETF		-0.08%7.19%1.31%5.65%-13.02%-1.77%7.48%8.46%0.09%3.55%
CNDX.AS
iShares NASDAQ 100 UCITS ETF		19.56%20.42%26.92%55.16%-34.12%29.34%47.85%37.78%-0.35%32.54%

Correlation

The correlation between AGG and CNDX.AS is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.20

Correlation (3Y)
Calculated over the trailing 3-year period

0.14

Correlation (5Y)
Calculated over the trailing 5-year period

0.14

Correlation (10Y)
Calculated over the trailing 10-year period

0.08

Correlation (All Time)
Calculated using the full available price history since Jan 19, 2011

0.01

The correlation between AGG and CNDX.AS shifts across timeframes, from 0.01 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core U.S. Aggregate Bond ETF

iShares NASDAQ 100 UCITS ETF

Often compared with AGG:
AGG vs. BNDAGG vs. TLTAGG vs. HYGAGG vs. FBNDAGG vs. PIMIXAGG vs. IUSBAGG vs. AGGH
Often compared with CNDX.AS:
CNDX.AS vs. QQQMCNDX.AS vs. CNDX.LCNDX.AS vs. CSNDX.MICNDX.AS vs. CSPX.ASCNDX.AS vs. ANXU.LCNDX.AS vs. IWDA.ASCNDX.AS vs. NQSE.DE

Return for Risk

AGG vs. CNDX.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AGG
AGG Risk / Return Rank: 3333
Overall Rank
AGG Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
AGG Sortino Ratio Rank: 3333
Sortino Ratio Rank
AGG Omega Ratio Rank: 3131
Omega Ratio Rank
AGG Calmar Ratio Rank: 3434
Calmar Ratio Rank
AGG Martin Ratio Rank: 3333
Martin Ratio Rank
CNDX.AS
CNDX.AS Risk / Return Rank: 7171
Overall Rank
CNDX.AS Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
CNDX.AS Sortino Ratio Rank: 7272
Sortino Ratio Rank
CNDX.AS Omega Ratio Rank: 7373
Omega Ratio Rank
CNDX.AS Calmar Ratio Rank: 7575
Calmar Ratio Rank
CNDX.AS Martin Ratio Rank: 6262
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.

AGG vs. CNDX.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core U.S. Aggregate Bond ETF (AGG) and iShares NASDAQ 100 UCITS ETF (CNDX.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.

AGGCNDX.ASDifference
Sharpe ratioReturn per unit of total volatility
1.16
2.55

-1.39

Sortino ratioReturn per unit of downside risk
1.71
3.51

-1.80

Omega ratioGain probability vs. loss probability

1.20

1.43

-0.23

Calmar ratioReturn relative to maximum drawdown

1.61

3.55

-1.94

Martin ratioReturn relative to average drawdown

4.89

13.44

-8.55

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGG vs. CNDX.AS - Sharpe Ratio Comparison

The current AGG Sharpe Ratio is 1.16, which is lower than the CNDX.AS Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of AGG and CNDX.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.

Loading charts...

Sharpe Ratios by Period

AGGCNDX.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.16

2.55

-1.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.01

0.84

-0.84

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.29

1.07

-0.78

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

0.98

-0.39

Drawdowns

AGG vs. CNDX.AS - Drawdown Comparison

The maximum AGG drawdown since its inception was -18.43%, smaller than the maximum CNDX.AS drawdown of -35.03%. Use the drawdown chart below to compare losses from any high point for AGG and CNDX.AS.

Loading charts...

Drawdown Indicators

AGGCNDX.ASDifference

Max Drawdown

Largest peak-to-trough decline

-18.43%

-35.03%

+16.60%

Max Drawdown (1Y)

Largest decline over 1 year

-2.76%

-11.15%

+8.39%

Max Drawdown (3Y)

Largest decline over 3 years

-6.11%

-22.88%

+16.77%

Max Drawdown (5Y)

Largest decline over 5 years

-17.82%

-35.03%

+17.21%

Max Drawdown (10Y)

Largest decline over 10 years

-18.43%

-35.03%

+16.60%

Current Drawdown

Current decline from peak

-2.47%

-0.79%

-1.68%

Average Drawdown

Average peak-to-trough decline

-2.71%

-5.26%

+2.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.91%

2.96%

-2.05%

Volatility

AGG vs. CNDX.AS - Volatility Comparison

The current volatility for iShares Core U.S. Aggregate Bond ETF (AGG) is 1.31%, while iShares NASDAQ 100 UCITS ETF (CNDX.AS) has a volatility of 4.58%. This indicates that AGG experiences smaller price fluctuations and is considered to be less risky than CNDX.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

AGGCNDX.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.31%

4.58%

-3.27%

Volatility (6M)

Calculated over the trailing 6-month period

2.78%

11.22%

-8.44%

Volatility (1Y)

Calculated over the trailing 1-year period

3.84%

15.49%

-11.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.09%

20.49%

-14.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.41%

19.87%

-14.46%

AGG vs. CNDX.AS - Expense Ratio Comparison

AGG has a 0.03% expense ratio, which is lower than CNDX.AS's 0.36% expense ratio.

Dividends

AGG vs. CNDX.AS - Dividend Comparison

AGG's dividend yield for the trailing twelve months is around 4.00%, while CNDX.AS has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
AGG
iShares Core U.S. Aggregate Bond ETF		4.00%3.89%3.74%3.13%2.39%1.77%2.14%2.70%2.72%2.32%2.39%2.45%
CNDX.AS
iShares NASDAQ 100 UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

AGG and CNDX.AS have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, AGG is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

AGG is cheaper with a 0.03% expense ratio, compared with 0.36% for CNDX.AS.

AGG is categorized as Total Bond Market, while CNDX.AS is Nasdaq-100. AGG tracks Bloomberg U.S. Aggregate Bond Index, while CNDX.AS tracks NASDAQ-100 Index. Their fees differ too: 0.03% for AGG and 0.36% for CNDX.AS.

Portfolio Optimizer

Find the right allocation for AGG and CNDX.AS

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer