CE01.L vs. CNDX.L
CE01.L (iShares Euro Government Bond 7-10yr UCITS ETF (Acc)) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - CE01.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, CE01.L returned 0.80%/yr vs 22.74%/yr for CNDX.L. At a 0.08 correlation, their price movements are largely independent. CE01.L charges 0.15%/yr vs 0.33%/yr for CNDX.L.
Performance
CE01.L vs. CNDX.L - Performance Comparison
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Different Trading Currencies
CE01.L is traded in GBp, while CNDX.L is traded in USD. To make them comparable, the CNDX.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CE01.L achieves a -1.14% return, which is significantly lower than CNDX.L's 20.90% return. Over the past 10 years, CE01.L has underperformed CNDX.L with an annualized return of 0.80%, while CNDX.L has yielded a comparatively higher 22.74% annualized return.
CE01.L
- 1D
- -0.50%
- 1M
- 0.51%
- YTD
- -1.14%
- 6M
- -1.50%
- 1Y
- 2.65%
- 3Y*
- 2.56%
- 5Y*
- -2.24%
- 10Y*
- 0.80%
CNDX.L
- 1D
- 0.16%
- 1M
- 11.63%
- YTD
- 20.90%
- 6M
- 19.16%
- 1Y
- 42.84%
- 3Y*
- 25.37%
- 5Y*
- 19.03%
- 10Y*
- 22.74%
CE01.L vs. CNDX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CE01.L iShares Euro Government Bond 7-10yr UCITS ETF (Acc) | -1.14% | 6.87% | -3.53% | 6.60% | -15.38% | -9.55% | 10.06% | 1.33% | 2.06% | 4.55% |
CNDX.L iShares NASDAQ 100 UCITS ETF | 20.90% | 11.22% | 28.66% | 48.50% | -25.54% | 29.17% | 43.97% | 32.82% | 4.84% | 20.91% |
Correlation
The correlation between CE01.L and CNDX.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.08 |
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Return for Risk
CE01.L vs. CNDX.L — Risk / Return Rank
CE01.L
CNDX.L
CE01.L vs. CNDX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (CE01.L) and iShares NASDAQ 100 UCITS ETF (CNDX.L). 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.
| CE01.L | CNDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.23 | ||
| Sortino ratioReturn per unit of downside risk | -2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.48 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 3.80 | -3.31 |
| Martin ratioReturn relative to average drawdown | 1.18 | 10.82 | -9.63 |
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
| CE01.L | CNDX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 2.68 | -2.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | 0.95 | -1.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | 1.12 | -1.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 1.18 | -1.00 |
Drawdowns
CE01.L vs. CNDX.L - Drawdown Comparison
The maximum CE01.L drawdown since its inception was -27.47%, roughly equal to the maximum CNDX.L drawdown of -27.74%. Use the drawdown chart below to compare losses from any high point for CE01.L and CNDX.L.
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Drawdown Indicators
| CE01.L | CNDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.47% | -27.74% | +0.27% |
Max Drawdown (1Y)Largest decline over 1 year | -5.33% | -11.11% | +5.78% |
Max Drawdown (3Y)Largest decline over 3 years | -6.85% | -24.37% | +17.52% |
Max Drawdown (5Y)Largest decline over 5 years | -22.14% | -27.74% | +5.60% |
Max Drawdown (10Y)Largest decline over 10 years | -27.47% | -27.74% | +0.27% |
Current DrawdownCurrent decline from peak | -18.71% | 0.00% | -18.71% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -4.72% | -5.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 3.93% | -1.69% |
Volatility
CE01.L vs. CNDX.L - Volatility Comparison
The current volatility for iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (CE01.L) is 1.99%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 4.91%. This indicates that CE01.L experiences smaller price fluctuations and is considered to be less risky than CNDX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CE01.L | CNDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 4.91% | -2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 4.61% | 11.61% | -7.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 15.81% | -9.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.21% | 20.08% | -11.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.83% | 20.20% | -11.37% |
CE01.L vs. CNDX.L - Expense Ratio Comparison
CE01.L has a 0.15% expense ratio, which is lower than CNDX.L's 0.33% expense ratio.
Dividends
CE01.L vs. CNDX.L - Dividend Comparison
Neither CE01.L nor CNDX.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CE01.L iShares Euro Government Bond 7-10yr UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CNDX.L iShares NASDAQ 100 UCITS ETF | 0.00% | 0.00% | 0.02% | 0.05% | 0.06% | 0.03% | 0.04% | 0.07% | 0.06% | 0.30% | 0.16% | 0.16% |
Frequently Asked Questions
CE01.L and CNDX.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CE01.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CE01.L is cheaper with a 0.15% expense ratio, compared with 0.33% for CNDX.L.
CE01.L is categorized as European Government Bonds, while CNDX.L is Nasdaq-100. CE01.L tracks Bloomberg Euro Agg Govt TR EUR, while CNDX.L tracks NASDAQ-100 Index. Their fees differ too: 0.15% for CE01.L and 0.33% for CNDX.L.
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