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CNDX.AS vs. EUDV.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CNDX.AS vs. EUDV.L

Last updated Jun 5, 2026

CNDX.AS (iShares NASDAQ 100 UCITS ETF) and EUDV.L (SPDR® S&P Euro Dividend Aristocrats UCITS ETF) are both exchange-traded funds - CNDX.AS is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while EUDV.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, CNDX.AS returned 21.25%/yr vs 6.76%/yr for EUDV.L. At a 0.46 correlation, their price movements are largely independent. CNDX.AS charges 0.36%/yr vs 0.30%/yr for EUDV.L.

Performance

CNDX.AS vs. EUDV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares NASDAQ 100 UCITS ETF (CNDX.AS) and SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, CNDX.AS achieves a 20.95% return, which is significantly higher than EUDV.L's 5.91% return. Over the past 10 years, CNDX.AS has outperformed EUDV.L with an annualized return of 21.25%, while EUDV.L has yielded a comparatively lower 6.76% annualized return.

CNDX.AS

1D
-0.77%
1M
5.85%
YTD
20.95%
6M
18.73%
1Y
37.23%
3Y*
24.53%
5Y*
18.67%
10Y*
21.25%

EUDV.L

1D
0.42%
1M
-0.07%
YTD
5.91%
6M
7.93%
1Y
7.81%
3Y*
13.20%
5Y*
8.19%
10Y*
6.76%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CNDX.AS vs. EUDV.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CNDX.AS
iShares NASDAQ 100 UCITS ETF		20.95%6.16%35.29%50.41%-29.90%38.80%35.83%40.51%4.53%16.12%
EUDV.L
SPDR® S&P Euro Dividend Aristocrats UCITS ETF		5.91%19.37%8.60%18.00%-10.58%14.09%-11.96%22.80%-8.18%10.47%

Correlation

The correlation between CNDX.AS and EUDV.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.21

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

0.22

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

0.35

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

0.43

Correlation (All Time)
Calculated using the full available price history since Mar 1, 2012

0.46

Over the past year, the correlation between CNDX.AS and EUDV.L has dropped to 0.21 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.

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iShares NASDAQ 100 UCITS ETF

SPDR® S&P Euro Dividend Aristocrats UCITS ETF

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
Often compared with EUDV.L:
EUDV.L vs. IQQA.DEEUDV.L vs. EUE.LEUDV.L vs. EPDPXEUDV.L vs. VTIEUDV.L vs. IPDPEUDV.L vs. SPYL.DEEUDV.L vs. EIRL

Return for Risk

CNDX.AS vs. EUDV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
EUDV.L
EUDV.L Risk / Return Rank: 2929
Overall Rank
EUDV.L Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
EUDV.L Sortino Ratio Rank: 2929
Sortino Ratio Rank
EUDV.L Omega Ratio Rank: 3030
Omega Ratio Rank
EUDV.L Calmar Ratio Rank: 2727
Calmar Ratio Rank
EUDV.L Martin Ratio Rank: 2929
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.

CNDX.AS vs. EUDV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (CNDX.AS) and SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.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.

CNDX.ASEUDV.LDifference
Sharpe ratioReturn per unit of total volatility
2.41
0.78

+1.63

Sortino ratioReturn per unit of downside risk
3.20
1.13

+2.07

Omega ratioGain probability vs. loss probability

1.43

1.15

+0.28

Calmar ratioReturn relative to maximum drawdown

3.70

1.03

+2.67

Martin ratioReturn relative to average drawdown

11.01

3.26

+7.75

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

CNDX.AS vs. EUDV.L - Sharpe Ratio Comparison

The current CNDX.AS Sharpe Ratio is 2.41, which is higher than the EUDV.L Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of CNDX.AS and EUDV.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

CNDX.ASEUDV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.41

0.78

+1.63

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.93

0.61

+0.32

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.07

0.45

+0.62

Sharpe Ratio (All Time)

Calculated using the full available price history

1.03

0.43

+0.60

Drawdowns

CNDX.AS vs. EUDV.L - Drawdown Comparison

The maximum CNDX.AS drawdown since its inception was -31.21%, smaller than the maximum EUDV.L drawdown of -39.05%. Use the drawdown chart below to compare losses from any high point for CNDX.AS and EUDV.L.

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Drawdown Indicators

CNDX.ASEUDV.LDifference

Max Drawdown

Largest peak-to-trough decline

-31.21%

-39.05%

+7.84%

Max Drawdown (1Y)

Largest decline over 1 year

-10.06%

-8.04%

-2.02%

Max Drawdown (3Y)

Largest decline over 3 years

-26.57%

-11.51%

-15.06%

Max Drawdown (5Y)

Largest decline over 5 years

-31.21%

-23.72%

-7.49%

Max Drawdown (10Y)

Largest decline over 10 years

-31.21%

-39.05%

+7.84%

Current Drawdown

Current decline from peak

-0.77%

-2.30%

+1.53%

Average Drawdown

Average peak-to-trough decline

-5.45%

-6.37%

+0.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.41%

2.51%

+0.90%

Volatility

CNDX.AS vs. EUDV.L - Volatility Comparison

iShares NASDAQ 100 UCITS ETF (CNDX.AS) has a higher volatility of 4.35% compared to SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.L) at 2.37%. This indicates that CNDX.AS's price experiences larger fluctuations and is considered to be riskier than EUDV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CNDX.ASEUDV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.35%

2.37%

+1.98%

Volatility (6M)

Calculated over the trailing 6-month period

10.74%

8.70%

+2.04%

Volatility (1Y)

Calculated over the trailing 1-year period

15.45%

10.64%

+4.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.72%

13.41%

+6.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.61%

15.03%

+4.58%

CNDX.AS vs. EUDV.L - Expense Ratio Comparison

CNDX.AS has a 0.36% expense ratio, which is higher than EUDV.L's 0.30% expense ratio.

Dividends

CNDX.AS vs. EUDV.L - Dividend Comparison

CNDX.AS has not paid dividends to shareholders, while EUDV.L's dividend yield for the trailing twelve months is around 3.61%.

PositionTTM20252024202320222021202020192018201720162015
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%
EUDV.L
SPDR® S&P Euro Dividend Aristocrats UCITS ETF		3.61%4.04%3.68%3.29%3.56%2.86%3.14%3.23%3.71%3.13%2.94%2.97%

Frequently Asked Questions

CNDX.AS and EUDV.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EUDV.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EUDV.L is cheaper with a 0.30% expense ratio, compared with 0.36% for CNDX.AS.

CNDX.AS is categorized as Nasdaq-100, while EUDV.L is Europe Equities. CNDX.AS tracks NASDAQ-100 Index, while EUDV.L tracks MSCI EMU NR EUR. They also come from different issuers: iShares and State Street. Their fees differ too: 0.36% for CNDX.AS and 0.30% for EUDV.L.

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