CNDX.AS vs. IWDP.AS
CNDX.AS (iShares NASDAQ 100 UCITS ETF) and IWDP.AS (iShares Developed Markets Property Yield UCITS ETF USD (Dist)) are both exchange-traded funds - CNDX.AS is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while IWDP.AS is a REIT fund tracking the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 10 years, CNDX.AS returned 19.92%/yr vs 2.61%/yr for IWDP.AS. At a 0.49 correlation, their price movements are largely independent. CNDX.AS charges 0.36%/yr vs 0.59%/yr for IWDP.AS.
Performance
CNDX.AS vs. IWDP.AS - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with CNDX.AS having a 15.14% return and IWDP.AS slightly higher at 15.47%. Over the past 10 years, CNDX.AS has outperformed IWDP.AS with an annualized return of 19.92%, while IWDP.AS has yielded a comparatively lower 2.61% annualized return.
CNDX.AS
- 1D
- 0.00%
- 1M
- -5.66%
- 6M
- 15.64%
- YTD
- 15.14%
- 1Y
- 26.56%
- 3Y*
- 21.83%
- 5Y*
- 15.20%
- 10Y*
- 19.92%
- ALL TIME*
- 19.57%
IWDP.AS
- 1D
- 0.00%
- 1M
- 5.38%
- 6M
- 11.04%
- YTD
- 15.47%
- 1Y
- 18.01%
- 3Y*
- 7.61%
- 5Y*
- 1.82%
- 10Y*
- 2.61%
- ALL TIME*
- 1.79%
CNDX.AS vs. IWDP.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNDX.AS iShares NASDAQ 100 UCITS ETF | 15.14% | 6.57% | 35.29% | 50.41% | -29.90% | 38.80% | 35.83% | 40.51% | 4.53% | 16.12% |
IWDP.AS iShares Developed Markets Property Yield UCITS ETF USD (Dist) | 15.47% | -3.33% | 6.79% | 5.38% | -19.61% | 36.11% | -17.19% | 23.60% | -1.01% | -2.62% |
Correlation
The correlation between CNDX.AS and IWDP.AS is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.49 |
Over the past year, the correlation between CNDX.AS and IWDP.AS has dropped to 0.12 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
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Return for Risk
CNDX.AS vs. IWDP.AS — Risk / Return Rank
CNDX.AS
IWDP.AS
CNDX.AS vs. IWDP.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (CNDX.AS) and iShares Developed Markets Property Yield UCITS ETF USD (Dist) (IWDP.AS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CNDX.AS | IWDP.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 2.37 | +0.31 |
| Martin ratioReturn relative to average drawdown | 7.66 | 7.49 | +0.17 |
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Drawdowns
CNDX.AS vs. IWDP.AS - Drawdown Comparison
The maximum CNDX.AS drawdown since its inception was -31.21%, smaller than the maximum IWDP.AS drawdown of -74.82%. Use the drawdown chart below to compare losses from any high point for CNDX.AS and IWDP.AS.
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Drawdown Indicators
| CNDX.AS | IWDP.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.21% | -74.82% | +43.61% |
Max Drawdown (1Y)Largest decline over 1 year | -10.06% | -7.55% | -2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -26.57% | -19.92% | -6.65% |
Max Drawdown (5Y)Largest decline over 5 years | -31.21% | -29.88% | -1.33% |
Max Drawdown (10Y)Largest decline over 10 years | -31.21% | -41.55% | +10.34% |
Current DrawdownCurrent decline from peak | -5.66% | -0.52% | -5.14% |
Average DrawdownAverage peak-to-trough decline | -5.96% | -21.13% | +15.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 2.40% | +1.11% |
Volatility
CNDX.AS vs. IWDP.AS - Volatility Comparison
iShares NASDAQ 100 UCITS ETF (CNDX.AS) has a higher volatility of 6.18% compared to iShares Developed Markets Property Yield UCITS ETF USD (Dist) (IWDP.AS) at 3.54%. This indicates that CNDX.AS's price experiences larger fluctuations and is considered to be riskier than IWDP.AS 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 | IWDP.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.18% | 3.54% | +2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 12.67% | 8.76% | +3.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.13% | 11.15% | +5.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.02% | 14.49% | +5.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.76% | 16.00% | +3.76% |
CNDX.AS vs. IWDP.AS - Expense Ratio Comparison
CNDX.AS has a 0.36% expense ratio, which is lower than IWDP.AS's 0.59% expense ratio.
Dividends
CNDX.AS vs. IWDP.AS - Dividend Comparison
CNDX.AS has not paid dividends to shareholders, while IWDP.AS's dividend yield for the trailing twelve months is around 2.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IWDP.AS iShares Developed Markets Property Yield UCITS ETF USD (Dist) | 2.81% | 3.20% | 3.10% | 3.15% | 3.70% | 2.11% | 3.18% | 2.91% | 3.87% | 3.11% | 3.06% | 2.96% |
Frequently Asked Questions
CNDX.AS and IWDP.AS have a correlation of 0.12, 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 0.59% for IWDP.AS.
CNDX.AS is categorized as Nasdaq-100, while IWDP.AS is REIT. CNDX.AS tracks NASDAQ-100 Index, while IWDP.AS tracks FTSE EPRA Nareit Global TR USD. Their fees differ too: 0.36% for CNDX.AS and 0.59% for IWDP.AS.
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