CNDX.AS vs. BTC-USD
Compare and contrast key facts about iShares NASDAQ 100 UCITS ETF (CNDX.AS) and Bitcoin (BTC-USD).
CNDX.AS is a passively managed fund by iShares that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 26, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNDX.AS or BTC-USD.
Key characteristics
| CNDX.AS | BTC-USD | |
|---|---|---|
| YTD Return | 31.40% | 108.10% |
| 1Y Return | 37.66% | 140.96% |
| 3Y Return (Ann) | 12.20% | 10.91% |
| 5Y Return (Ann) | 21.66% | 58.81% |
| 10Y Return (Ann) | 19.68% | 72.54% |
| Sharpe Ratio | 2.26 | 1.10 |
| Sortino Ratio | 2.96 | 1.80 |
| Omega Ratio | 1.42 | 1.18 |
| Calmar Ratio | 2.75 | 0.94 |
| Martin Ratio | 9.24 | 4.49 |
| Ulcer Index | 4.04% | 13.18% |
| Daily Std Dev | 16.47% | 44.51% |
| Max Drawdown | -31.21% | -93.07% |
| Current Drawdown | 0.00% | -0.84% |
Correlation
The correlation between CNDX.AS and BTC-USD is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CNDX.AS vs. BTC-USD - Performance Comparison
In the year-to-date period, CNDX.AS achieves a 31.40% return, which is significantly lower than BTC-USD's 108.10% return. Over the past 10 years, CNDX.AS has underperformed BTC-USD with an annualized return of 19.68%, while BTC-USD has yielded a comparatively higher 72.54% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CNDX.AS vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (CNDX.AS) and Bitcoin (BTC-USD). 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.
Drawdowns
CNDX.AS vs. BTC-USD - Drawdown Comparison
The maximum CNDX.AS drawdown since its inception was -31.21%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for CNDX.AS and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
CNDX.AS vs. BTC-USD - Volatility Comparison
The current volatility for iShares NASDAQ 100 UCITS ETF (CNDX.AS) is 4.62%, while Bitcoin (BTC-USD) has a volatility of 16.08%. This indicates that CNDX.AS experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.