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

CNDX.AS vs. GLBL.L

Last updated Jun 5, 2026

CNDX.AS (iShares NASDAQ 100 UCITS ETF) and GLBL.L (SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged) are both exchange-traded funds - CNDX.AS is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while GLBL.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, CNDX.AS returned 18.67%/yr vs -0.84%/yr for GLBL.L. At a 0.02 correlation, their price movements are largely independent. CNDX.AS charges 0.36%/yr vs 0.10%/yr for GLBL.L.

Performance

CNDX.AS vs. GLBL.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 Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged (GLBL.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 GLBL.L is traded in GBP. To make them comparable, the GLBL.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 GLBL.L's 0.99% 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%

GLBL.L

1D
-0.00%
1M
0.65%
YTD
0.99%
6M
0.77%
1Y
0.71%
3Y*
0.55%
5Y*
-0.84%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021202020192018
CNDX.AS
iShares NASDAQ 100 UCITS ETF		20.95%6.16%35.29%50.41%-29.90%38.80%35.83%40.51%-0.66%
GLBL.L
SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged		0.99%-4.60%4.86%1.68%-10.84%2.28%-0.41%9.88%-25.42%

Correlation

The correlation between CNDX.AS and GLBL.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.20

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

0.13

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

0.04

Correlation (All Time)
Calculated using the full available price history since Jan 29, 2018

0.02

The correlation between CNDX.AS and GLBL.L shifts across timeframes, from 0.02 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.

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Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares NASDAQ 100 UCITS ETF

SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged

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 GLBL.L:
GLBL.L vs. SHLDGLBL.L vs. GAGG.LGLBL.L vs. GLAD.LGLBL.L vs. GLAU.LGLBL.L vs. PRIG.LGLBL.L vs. GLAB.LGLBL.L vs. AGHG.L

Return for Risk

CNDX.AS vs. GLBL.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
GLBL.L
GLBL.L Risk / Return Rank: 2121
Overall Rank
GLBL.L Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
GLBL.L Sortino Ratio Rank: 2222
Sortino Ratio Rank
GLBL.L Omega Ratio Rank: 2121
Omega Ratio Rank
GLBL.L Calmar Ratio Rank: 2121
Calmar Ratio Rank
GLBL.L Martin Ratio Rank: 1919
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. GLBL.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 Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged (GLBL.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.ASGLBL.LDifference
Sharpe ratioReturn per unit of total volatility
2.41
0.21

+2.21

Sortino ratioReturn per unit of downside risk
3.20
0.33

+2.87

Omega ratioGain probability vs. loss probability

1.43

1.04

+0.39

Calmar ratioReturn relative to maximum drawdown

3.70

0.37

+3.33

Martin ratioReturn relative to average drawdown

11.01

0.73

+10.27

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. GLBL.L - Sharpe Ratio Comparison

The current CNDX.AS Sharpe Ratio is 2.41, which is higher than the GLBL.L Sharpe Ratio of 0.21. The chart below compares the historical Sharpe Ratios of CNDX.AS and GLBL.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.ASGLBL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.41

0.21

+2.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.93

-0.13

+1.06

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

-0.27

+1.29

Drawdowns

CNDX.AS vs. GLBL.L - Drawdown Comparison

The maximum CNDX.AS drawdown since its inception was -31.21%, roughly equal to the maximum GLBL.L drawdown of -30.12%. Use the drawdown chart below to compare losses from any high point for CNDX.AS and GLBL.L.

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Drawdown Indicators

CNDX.ASGLBL.LDifference

Max Drawdown

Largest peak-to-trough decline

-31.21%

-30.12%

-1.09%

Max Drawdown (1Y)

Largest decline over 1 year

-10.06%

-2.24%

-7.82%

Max Drawdown (3Y)

Largest decline over 3 years

-26.57%

-7.79%

-18.78%

Max Drawdown (5Y)

Largest decline over 5 years

-31.21%

-14.80%

-16.41%

Max Drawdown (10Y)

Largest decline over 10 years

-31.21%

—

—

Current Drawdown

Current decline from peak

-0.77%

-23.53%

+22.76%

Average Drawdown

Average peak-to-trough decline

-5.45%

-22.14%

+16.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.41%

1.12%

+2.29%

Volatility

CNDX.AS vs. GLBL.L - Volatility Comparison

iShares NASDAQ 100 UCITS ETF (CNDX.AS) has a higher volatility of 4.35% compared to SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged (GLBL.L) at 1.00%. This indicates that CNDX.AS's price experiences larger fluctuations and is considered to be riskier than GLBL.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.ASGLBL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.35%

1.00%

+3.35%

Volatility (6M)

Calculated over the trailing 6-month period

10.74%

2.93%

+7.81%

Volatility (1Y)

Calculated over the trailing 1-year period

15.45%

4.07%

+11.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.72%

6.52%

+13.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.61%

11.90%

+7.71%

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

CNDX.AS has a 0.36% expense ratio, which is higher than GLBL.L's 0.10% expense ratio.

Dividends

CNDX.AS vs. GLBL.L - Dividend Comparison

CNDX.AS has not paid dividends to shareholders, while GLBL.L's dividend yield for the trailing twelve months is around 3.15%.

PositionTTM20252024202320222021202020192018
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%
GLBL.L
SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged		3.15%3.14%2.76%2.05%1.39%1.22%1.54%1.67%1.06%

Frequently Asked Questions

CNDX.AS and GLBL.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, GLBL.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

GLBL.L is cheaper with a 0.10% expense ratio, compared with 0.36% for CNDX.AS.

CNDX.AS is categorized as Nasdaq-100, while GLBL.L is Global Bonds. CNDX.AS tracks NASDAQ-100 Index, while GLBL.L tracks Bloomberg Global Aggregate TR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.36% for CNDX.AS and 0.10% for GLBL.L.

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