CNDX.AS vs. LTAM.AS
CNDX.AS (iShares NASDAQ 100 UCITS ETF) and LTAM.AS (iShares MSCI EM Latin America UCITS ETF USD (Dist)) are both exchange-traded funds - CNDX.AS is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while LTAM.AS is a Latin America Equities fund tracking the MSCI EM Latin America NR USD. Both are passively managed. Over the past 10 years, CNDX.AS returned 21.25%/yr vs 6.95%/yr for LTAM.AS. At a 0.44 correlation, their price movements are largely independent. CNDX.AS charges 0.36%/yr vs 0.20%/yr for LTAM.AS.
Performance
CNDX.AS vs. LTAM.AS - 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 LTAM.AS's 11.12% return. Over the past 10 years, CNDX.AS has outperformed LTAM.AS with an annualized return of 21.25%, while LTAM.AS has yielded a comparatively lower 6.95% 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%
LTAM.AS
- 1D
- -0.60%
- 1M
- -7.19%
- YTD
- 11.12%
- 6M
- 8.42%
- 1Y
- 33.48%
- 3Y*
- 9.99%
- 5Y*
- 9.23%
- 10Y*
- 6.95%
CNDX.AS vs. LTAM.AS - 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% |
LTAM.AS iShares MSCI EM Latin America UCITS ETF USD (Dist) | 11.12% | 36.08% | -22.43% | 28.47% | 14.01% | -3.03% | -18.51% | 14.74% | -1.57% | 7.45% |
Correlation
The correlation between CNDX.AS and LTAM.AS is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2011 | 0.44 |
The correlation between CNDX.AS and LTAM.AS shifts across timeframes, from 0.32 (3 years) to 0.44 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CNDX.AS vs. LTAM.AS — Risk / Return Rank
CNDX.AS
LTAM.AS
CNDX.AS vs. LTAM.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 MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.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.
| CNDX.AS | LTAM.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.32 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 3.00 | +0.70 |
| Martin ratioReturn relative to average drawdown | 11.01 | 9.22 | +1.79 |
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 | LTAM.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 1.87 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.44 | +0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | 0.27 | +0.79 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.07 | +0.96 |
Drawdowns
CNDX.AS vs. LTAM.AS - Drawdown Comparison
The maximum CNDX.AS drawdown since its inception was -31.21%, smaller than the maximum LTAM.AS drawdown of -60.23%. Use the drawdown chart below to compare losses from any high point for CNDX.AS and LTAM.AS.
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Drawdown Indicators
| CNDX.AS | LTAM.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.21% | -60.23% | +29.02% |
Max Drawdown (1Y)Largest decline over 1 year | -10.06% | -11.01% | +0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -26.57% | -25.56% | -1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -31.21% | -25.56% | -5.65% |
Max Drawdown (10Y)Largest decline over 10 years | -31.21% | -49.89% | +18.68% |
Current DrawdownCurrent decline from peak | -0.77% | -11.01% | +10.24% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -26.14% | +20.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 3.60% | -0.19% |
Volatility
CNDX.AS vs. LTAM.AS - Volatility Comparison
The current volatility for iShares NASDAQ 100 UCITS ETF (CNDX.AS) is 4.35%, while iShares MSCI EM Latin America UCITS ETF USD (Dist) (LTAM.AS) has a volatility of 5.16%. This indicates that CNDX.AS experiences smaller price fluctuations and is considered to be less risky than LTAM.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 | LTAM.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 5.16% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 10.74% | 14.94% | -4.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.45% | 17.63% | -2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.72% | 20.78% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 25.09% | -5.48% |
CNDX.AS vs. LTAM.AS - Expense Ratio Comparison
CNDX.AS has a 0.36% expense ratio, which is higher than LTAM.AS's 0.20% expense ratio.
Dividends
CNDX.AS vs. LTAM.AS - Dividend Comparison
CNDX.AS has not paid dividends to shareholders, while LTAM.AS's dividend yield for the trailing twelve months is around 3.02%.
| 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% |
LTAM.AS iShares MSCI EM Latin America UCITS ETF USD (Dist) | 3.02% | 3.21% | 5.22% | 3.99% | 6.79% | 2.66% | 1.65% | 2.11% | 1.84% | 1.41% | 1.23% | 2.69% |
Frequently Asked Questions
CNDX.AS and LTAM.AS have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LTAM.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LTAM.AS is cheaper with a 0.20% expense ratio, compared with 0.36% for CNDX.AS.
CNDX.AS is categorized as Nasdaq-100, while LTAM.AS is Latin America Equities. CNDX.AS tracks NASDAQ-100 Index, while LTAM.AS tracks MSCI EM Latin America NR USD. Their fees differ too: 0.36% for CNDX.AS and 0.20% for LTAM.AS.
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