CNDX.AS vs. GMVM.DE
CNDX.AS (iShares NASDAQ 100 UCITS ETF) and GMVM.DE (VanEck Morningstar US Sustainable Wide Moat UCITS ETF) are both exchange-traded funds - CNDX.AS is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while GMVM.DE is a Large Cap Blend Equities fund tracking the Morningstar US Sustainable Moat Focus. Both are passively managed. Over the past 10 years, CNDX.AS returned 21.25%/yr vs 10.29%/yr for GMVM.DE. A 0.74 correlation means they provide meaningful diversification when combined. CNDX.AS charges 0.36%/yr vs 0.49%/yr for GMVM.DE.
Performance
CNDX.AS vs. GMVM.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 higher than GMVM.DE's -1.57% return. Over the past 10 years, CNDX.AS has outperformed GMVM.DE with an annualized return of 21.25%, while GMVM.DE has yielded a comparatively lower 10.29% annualized 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%
GMVM.DE
- 1D
- 0.97%
- 1M
- 4.27%
- YTD
- -1.57%
- 6M
- -2.00%
- 1Y
- 6.45%
- 3Y*
- 5.24%
- 5Y*
- 4.14%
- 10Y*
- 10.29%
CNDX.AS vs. GMVM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
GMVM.DE VanEck Morningstar US Sustainable Wide Moat UCITS ETF | -1.57% | -4.56% | 17.59% | 14.37% | -14.38% | 36.91% | 2.73% | 38.45% | 2.27% | 7.97% |
Correlation
The correlation between CNDX.AS and GMVM.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2015 | 0.74 |
Over the past year, the correlation between CNDX.AS and GMVM.DE has dropped to 0.46 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
CNDX.AS vs. GMVM.DE — Risk / Return Rank
CNDX.AS
GMVM.DE
CNDX.AS vs. GMVM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (CNDX.AS) and VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.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 | GMVM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.93 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.09 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 0.58 | +3.12 |
| Martin ratioReturn relative to average drawdown | 11.01 | 1.37 | +9.64 |
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 | GMVM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 0.48 | +1.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.27 | +0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | 0.62 | +0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.62 | +0.41 |
Drawdowns
CNDX.AS vs. GMVM.DE - Drawdown Comparison
The maximum CNDX.AS drawdown since its inception was -31.21%, roughly equal to the maximum GMVM.DE drawdown of -32.25%. Use the drawdown chart below to compare losses from any high point for CNDX.AS and GMVM.DE.
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Drawdown Indicators
| CNDX.AS | GMVM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.21% | -32.25% | +1.04% |
Max Drawdown (1Y)Largest decline over 1 year | -10.06% | -11.00% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -26.57% | -25.74% | -0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -31.21% | -25.74% | -5.47% |
Max Drawdown (10Y)Largest decline over 10 years | -31.21% | -32.25% | +1.04% |
Current DrawdownCurrent decline from peak | -0.77% | -10.18% | +9.41% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -5.85% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 4.69% | -1.28% |
Volatility
CNDX.AS vs. GMVM.DE - Volatility Comparison
iShares NASDAQ 100 UCITS ETF (CNDX.AS) has a higher volatility of 4.35% compared to VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.DE) at 3.23%. This indicates that CNDX.AS's price experiences larger fluctuations and is considered to be riskier than GMVM.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 | GMVM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 3.23% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 10.74% | 8.82% | +1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.45% | 13.33% | +2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.72% | 15.26% | +4.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 16.54% | +3.07% |
CNDX.AS vs. GMVM.DE - Expense Ratio Comparison
CNDX.AS has a 0.36% expense ratio, which is lower than GMVM.DE's 0.49% expense ratio.
Dividends
CNDX.AS vs. GMVM.DE - Dividend Comparison
Neither CNDX.AS nor GMVM.DE has paid dividends to shareholders.
Frequently Asked Questions
CNDX.AS and GMVM.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNDX.AS is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNDX.AS is cheaper with a 0.36% expense ratio, compared with 0.49% for GMVM.DE.
CNDX.AS is categorized as Nasdaq-100, while GMVM.DE is Large Cap Blend Equities. CNDX.AS tracks NASDAQ-100 Index, while GMVM.DE tracks Morningstar US Sustainable Moat Focus. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.36% for CNDX.AS and 0.49% for GMVM.DE.
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