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CIND.L vs. CNDX.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CIND.L vs. CNDX.L

Last updated Jun 4, 2026

CIND.L (iShares VII plc - iShares Dow Jones Indust Avg ETF USD Acc) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - CIND.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, CIND.L returned 12.77%/yr vs 21.78%/yr for CNDX.L. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.33% expense ratio.

Performance

CIND.L vs. CNDX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares VII plc - iShares Dow Jones Indust Avg ETF USD Acc (CIND.L) and iShares NASDAQ 100 UCITS ETF (CNDX.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CIND.L achieves a 5.75% return, which is significantly lower than CNDX.L's 20.45% return. Over the past 10 years, CIND.L has underperformed CNDX.L with an annualized return of 12.77%, while CNDX.L has yielded a comparatively higher 21.78% annualized return.

CIND.L

1D
-0.61%
1M
2.56%
YTD
5.75%
6M
7.17%
1Y
21.24%
3Y*
16.20%
5Y*
9.37%
10Y*
12.77%

CNDX.L

1D
-0.10%
1M
10.73%
YTD
20.45%
6M
19.79%
1Y
41.85%
3Y*
28.56%
5Y*
17.77%
10Y*
21.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CIND.L vs. CNDX.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CIND.L
iShares VII plc - iShares Dow Jones Indust Avg ETF USD Acc		5.75%14.46%14.71%15.66%-7.56%20.97%8.76%24.22%-4.90%27.62%
CNDX.L
iShares NASDAQ 100 UCITS ETF		20.45%19.75%26.45%56.31%-33.45%27.96%48.33%38.07%-1.03%32.36%

Correlation

The correlation between CIND.L and CNDX.L is 0.61, 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

0.61

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

0.62

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

0.69

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

0.71

Correlation (All Time)
Calculated using the full available price history since Nov 29, 2012

0.73

The correlation between CIND.L and CNDX.L shifts across timeframes, from 0.61 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

CIND.L vs. CNDX.L - Sectors Allocation Comparison

Sectors
CIND.L
CNDX.L

Financial Services

27.4%
0.2%

Technology

18.2%
57.3%

Industrials

18.0%
2.8%

Healthcare

13.2%
3.8%

Consumer Cyclical

11.0%
11.6%

Consumer Defensive

4.2%
6.9%

Basic Materials

3.8%
1.1%

Energy

2.3%
0.5%

Communication Services

1.8%
14.5%

Real Estate

-

0.1%

Utilities

-

1.3%

Financial Services

CIND.L
27.4%
CNDX.L
0.2%

Technology

CIND.L
18.2%
CNDX.L
57.3%

Industrials

CIND.L
18.0%
CNDX.L
2.8%

Healthcare

CIND.L
13.2%
CNDX.L
3.8%

Consumer Cyclical

CIND.L
11.0%
CNDX.L
11.6%

Consumer Defensive

CIND.L
4.2%
CNDX.L
6.9%

Basic Materials

CIND.L
3.8%
CNDX.L
1.1%

Energy

CIND.L
2.3%
CNDX.L
0.5%

Communication Services

CIND.L
1.8%
CNDX.L
14.5%

Real Estate

CIND.L

-

CNDX.L
0.1%

Utilities

CIND.L

-

CNDX.L
1.3%

Compare stocks, funds, or ETFs

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iShares VII plc - iShares Dow Jones Indust Avg ETF USD Acc

iShares NASDAQ 100 UCITS ETF

Often compared with CIND.L:
CIND.L vs. IYYCIND.L vs. IGSG.LCIND.L vs. DIACIND.L vs. QQQMCIND.L vs. SCHDCIND.L vs. VTCIND.L vs. XLG
Often compared with CNDX.L:
CNDX.L vs. QQQCNDX.L vs. EQQQ.DECNDX.L vs. SXRV.DECNDX.L vs. CNX1.LCNDX.L vs. CSPX.LCNDX.L vs. EQQU.LCNDX.L vs. VWRA.L

Return for Risk

CIND.L vs. CNDX.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CIND.L
CIND.L Risk / Return Rank: 5151
Overall Rank
CIND.L Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
CIND.L Sortino Ratio Rank: 5757
Sortino Ratio Rank
CIND.L Omega Ratio Rank: 5050
Omega Ratio Rank
CIND.L Calmar Ratio Rank: 4646
Calmar Ratio Rank
CIND.L Martin Ratio Rank: 4949
Martin Ratio Rank
CNDX.L
CNDX.L Risk / Return Rank: 7575
Overall Rank
CNDX.L Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
CNDX.L Sortino Ratio Rank: 7979
Sortino Ratio Rank
CNDX.L Omega Ratio Rank: 7474
Omega Ratio Rank
CNDX.L Calmar Ratio Rank: 7474
Calmar Ratio Rank
CNDX.L Martin Ratio Rank: 7171
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.

CIND.L vs. CNDX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares VII plc - iShares Dow Jones Indust Avg ETF USD Acc (CIND.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.

CIND.LCNDX.LDifference
Sharpe ratioReturn per unit of total volatility
1.75
2.62

-0.87

Sortino ratioReturn per unit of downside risk
2.74
3.62

-0.89

Omega ratioGain probability vs. loss probability

1.32

1.45

-0.13

Calmar ratioReturn relative to maximum drawdown

2.24

3.75

-1.51

Martin ratioReturn relative to average drawdown

8.13

13.54

-5.41

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

CIND.L vs. CNDX.L - Sharpe Ratio Comparison

The current CIND.L Sharpe Ratio is 1.75, which is lower than the CNDX.L Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of CIND.L and CNDX.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CIND.LCNDX.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.75

2.62

-0.87

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

0.85

-0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.80

1.08

-0.28

Sharpe Ratio (All Time)

Calculated using the full available price history

0.83

1.12

-0.30

Drawdowns

CIND.L vs. CNDX.L - Drawdown Comparison

The maximum CIND.L drawdown since its inception was -36.68%, roughly equal to the maximum CNDX.L drawdown of -35.17%. Use the drawdown chart below to compare losses from any high point for CIND.L and CNDX.L.

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Drawdown Indicators

CIND.LCNDX.LDifference

Max Drawdown

Largest peak-to-trough decline

-36.68%

-35.17%

-1.51%

Max Drawdown (1Y)

Largest decline over 1 year

-9.44%

-11.00%

+1.56%

Max Drawdown (3Y)

Largest decline over 3 years

-16.44%

-22.44%

+6.00%

Max Drawdown (5Y)

Largest decline over 5 years

-19.90%

-35.17%

+15.27%

Max Drawdown (10Y)

Largest decline over 10 years

-36.68%

-35.17%

-1.51%

Current Drawdown

Current decline from peak

-0.61%

-0.10%

-0.51%

Average Drawdown

Average peak-to-trough decline

-3.67%

-5.30%

+1.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.61%

3.07%

-0.46%

Volatility

CIND.L vs. CNDX.L - Volatility Comparison

The current volatility for iShares VII plc - iShares Dow Jones Indust Avg ETF USD Acc (CIND.L) is 3.18%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 4.86%. This indicates that CIND.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

CIND.LCNDX.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.18%

4.86%

-1.68%

Volatility (6M)

Calculated over the trailing 6-month period

9.08%

11.86%

-2.78%

Volatility (1Y)

Calculated over the trailing 1-year period

12.13%

15.82%

-3.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.37%

20.88%

-6.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.98%

20.07%

-4.09%

CIND.L vs. CNDX.L - Expense Ratio Comparison

Both CIND.L and CNDX.L have an expense ratio of 0.33%.

Dividends

CIND.L vs. CNDX.L - Dividend Comparison

Neither CIND.L nor CNDX.L has paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CIND.L
iShares VII plc - iShares Dow Jones Indust Avg ETF USD 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

CIND.L and CNDX.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.33% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

CIND.L and CNDX.L have the same expense ratio: 0.33% per year.

CIND.L is categorized as Large Cap Blend Equities, while CNDX.L is Nasdaq-100. CIND.L tracks Russell 1000 TR USD, while CNDX.L tracks NASDAQ-100 Index.

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