CNDX.AS vs. CBUH.DE
CNDX.AS (iShares NASDAQ 100 UCITS ETF) and CBUH.DE (iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc) are both exchange-traded funds - CNDX.AS is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while CBUH.DE is a Momentum fund tracking the MSCI World Momentum ESG Reduced Carbon Target Select. Both are passively managed. Over the past 3 years, CNDX.AS returned 24.53%/yr vs 22.30%/yr for CBUH.DE. Their correlation of 0.82 suggests significant overlap in exposure. CNDX.AS charges 0.36%/yr vs 0.30%/yr for CBUH.DE.
Performance
CNDX.AS vs. CBUH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CNDX.AS achieves a 20.95% return, which is significantly lower than CBUH.DE's 22.41% return.
CNDX.AS
- 1D
- -0.77%
- 1M
- 9.31%
- YTD
- 20.95%
- 6M
- 19.45%
- 1Y
- 37.78%
- 3Y*
- 24.53%
- 5Y*
- 18.67%
- 10Y*
- 21.25%
CBUH.DE
- 1D
- -0.51%
- 1M
- 4.74%
- YTD
- 22.41%
- 6M
- 23.42%
- 1Y
- 31.87%
- 3Y*
- 22.30%
- 5Y*
- —
- 10Y*
- —
CNDX.AS vs. CBUH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CNDX.AS iShares NASDAQ 100 UCITS ETF | 20.95% | 6.16% | 35.29% | 50.41% | -29.90% | 6.50% |
CBUH.DE iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc | 22.41% | 7.97% | 28.91% | 13.46% | -17.00% | 0.41% |
Correlation
The correlation between CNDX.AS and CBUH.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2021 | 0.82 |
The correlation between CNDX.AS and CBUH.DE has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.
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Return for Risk
CNDX.AS vs. CBUH.DE — Risk / Return Rank
CNDX.AS
CBUH.DE
CNDX.AS vs. CBUH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (CNDX.AS) and iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc (CBUH.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.
| CNDX.AS | CBUH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.36 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 3.38 | +0.32 |
| Martin ratioReturn relative to average drawdown | 11.01 | 13.99 | -2.98 |
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
| CNDX.AS | CBUH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 1.99 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.64 | +0.39 |
Drawdowns
CNDX.AS vs. CBUH.DE - Drawdown Comparison
The maximum CNDX.AS drawdown since its inception was -31.21%, which is greater than CBUH.DE's maximum drawdown of -22.61%. Use the drawdown chart below to compare losses from any high point for CNDX.AS and CBUH.DE.
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Drawdown Indicators
| CNDX.AS | CBUH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.21% | -22.61% | -8.60% |
Max Drawdown (1Y)Largest decline over 1 year | -10.06% | -9.39% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -26.57% | -22.61% | -3.96% |
Max Drawdown (5Y)Largest decline over 5 years | -31.21% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.21% | — | — |
Current DrawdownCurrent decline from peak | -0.77% | -0.51% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -8.55% | +3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 2.27% | +1.14% |
Volatility
CNDX.AS vs. CBUH.DE - Volatility Comparison
The current volatility for iShares NASDAQ 100 UCITS ETF (CNDX.AS) is 4.35%, while iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc (CBUH.DE) has a volatility of 4.80%. This indicates that CNDX.AS experiences smaller price fluctuations and is considered to be less risky than CBUH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNDX.AS | CBUH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 4.80% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 10.74% | 13.32% | -2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.45% | 15.96% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.72% | 16.91% | +2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 16.91% | +2.70% |
CNDX.AS vs. CBUH.DE - Expense Ratio Comparison
CNDX.AS has a 0.36% expense ratio, which is higher than CBUH.DE's 0.30% expense ratio.
Dividends
CNDX.AS vs. CBUH.DE - Dividend Comparison
Neither CNDX.AS nor CBUH.DE has paid dividends to shareholders.
Frequently Asked Questions
CNDX.AS and CBUH.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUH.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUH.DE is cheaper with a 0.30% expense ratio, compared with 0.36% for CNDX.AS.
CNDX.AS is categorized as Nasdaq-100, while CBUH.DE is Momentum. CNDX.AS tracks NASDAQ-100 Index, while CBUH.DE tracks MSCI World Momentum ESG Reduced Carbon Target Select. Their fees differ too: 0.36% for CNDX.AS and 0.30% for CBUH.DE.
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