CNDX.AS vs. NADQ.DE

Last updated Jun 5, 2026

CNDX.AS (iShares NASDAQ 100 UCITS ETF) and NADQ.DE (Amundi Nasdaq-100 II UCITS ETF Dist) are both Nasdaq-100 funds - CNDX.AS tracks the NASDAQ-100 Index while NADQ.DE tracks the Nasdaq 100®. Both are passively managed. Over the past 10 years, CNDX.AS returned 21.25%/yr vs 21.45%/yr for NADQ.DE. With a 0.97 correlation, they move nearly in lockstep. CNDX.AS charges 0.36%/yr vs 0.22%/yr for NADQ.DE.

Performance

CNDX.AS vs. NADQ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares NASDAQ 100 UCITS ETF (CNDX.AS) and Amundi Nasdaq-100 II UCITS ETF Dist (NADQ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with CNDX.AS having a 20.95% return and NADQ.DE slightly lower at 20.63%. Both investments have delivered pretty close results over the past 10 years, with CNDX.AS having a 21.25% annualized return and NADQ.DE not far ahead at 21.45%.

CNDX.AS

• 1D: -0.77%
• 1M: 5.85%
• YTD: 20.95%
• 6M: 18.81%
• 1Y: 37.23%
• 3Y*: 24.53%
• 5Y*: 18.67%
• 10Y*: 21.25%

NADQ.DE

• 1D: -0.86%
• 1M: 5.87%
• YTD: 20.63%
• 6M: 18.75%
• 1Y: 37.49%
• 3Y*: 24.74%
• 5Y*: 18.92%
• 10Y*: 21.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CNDX.AS vs. NADQ.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%
NADQ.DE Amundi Nasdaq-100 II UCITS ETF Dist	20.63%	7.04%	34.07%	51.46%	-29.91%	39.75%	34.72%	43.03%	3.29%	15.73%

Correlation

The correlation between CNDX.AS and NADQ.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jan 19, 2011	0.97

The correlation between CNDX.AS and NADQ.DE has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

Return for Risk

CNDX.AS vs. NADQ.DE — 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: 71
CNDX.AS Sharpe Ratio Rank: 75
CNDX.AS Sortino Ratio Rank: 72
CNDX.AS Omega Ratio Rank: 73
CNDX.AS Calmar Ratio Rank: 75
CNDX.AS Martin Ratio Rank: 62

NADQ.DE

NADQ.DE Risk / Return Rank: 72
NADQ.DE Sharpe Ratio Rank: 75
NADQ.DE Sortino Ratio Rank: 72
NADQ.DE Omega Ratio Rank: 72
NADQ.DE Calmar Ratio Rank: 76
NADQ.DE Martin Ratio Rank: 64

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. NADQ.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (CNDX.AS) and Amundi Nasdaq-100 II UCITS ETF Dist (NADQ.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	NADQ.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.41	2.40	+0.01
Sortino ratio: Return per unit of downside risk	3.20	3.19	+0.02
Omega ratio: Gain probability vs. loss probability	1.43	1.42	+0.01
Calmar ratio: Return relative to maximum drawdown	3.70	3.79	-0.09
Martin ratio: Return relative to average drawdown	11.01	11.32	-0.31
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. NADQ.DE - Sharpe Ratio Comparison

The current CNDX.AS Sharpe Ratio is 2.41, which is comparable to the NADQ.DE Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of CNDX.AS and NADQ.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CNDX.AS	NADQ.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	2.40	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	0.94	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.07	1.11	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	1.03	0.97	+0.06

Drawdowns

CNDX.AS vs. NADQ.DE - Drawdown Comparison

The maximum CNDX.AS drawdown since its inception was -31.21%, smaller than the maximum NADQ.DE drawdown of -33.44%. Use the drawdown chart below to compare losses from any high point for CNDX.AS and NADQ.DE.

Drawdown Indicators

	CNDX.AS	NADQ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-31.21%	-33.44%	+2.23%
Max Drawdown (1Y) Largest decline over 1 year	-10.06%	-9.97%	-0.09%
Max Drawdown (3Y) Largest decline over 3 years	-26.57%	-26.70%	+0.13%
Max Drawdown (5Y) Largest decline over 5 years	-31.21%	-31.16%	-0.05%
Max Drawdown (10Y) Largest decline over 10 years	-31.21%	-31.16%	-0.05%
Current Drawdown Current decline from peak	-0.77%	-0.86%	+0.09%
Average Drawdown Average peak-to-trough decline	-5.45%	-5.93%	+0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.41%	3.35%	+0.06%

Volatility

CNDX.AS vs. NADQ.DE - Volatility Comparison

iShares NASDAQ 100 UCITS ETF (CNDX.AS) and Amundi Nasdaq-100 II UCITS ETF Dist (NADQ.DE) have volatilities of 4.35% and 4.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CNDX.AS	NADQ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.35%	4.26%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	10.74%	10.95%	-0.21%
Volatility (1Y) Calculated over the trailing 1-year period	15.45%	15.74%	-0.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.72%	19.84%	-0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.61%	19.54%	+0.07%

CNDX.AS vs. NADQ.DE - Expense Ratio Comparison

CNDX.AS has a 0.36% expense ratio, which is higher than NADQ.DE's 0.22% expense ratio.

Dividends

CNDX.AS vs. NADQ.DE - Dividend Comparison

CNDX.AS has not paid dividends to shareholders, while NADQ.DE's dividend yield for the trailing twelve months is around 0.33%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
NADQ.DE Amundi Nasdaq-100 II UCITS ETF Dist	0.33%	0.40%	0.55%	0.40%	0.79%	0.51%	0.40%	0.54%	0.63%

Frequently Asked Questions

Can I hold both CNDX.AS and NADQ.DE in my portfolio?

With a correlation of 0.99, CNDX.AS and NADQ.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, CNDX.AS or NADQ.DE?

On fees, NADQ.DE is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CNDX.AS or NADQ.DE?

NADQ.DE is cheaper with a 0.22% expense ratio, compared with 0.36% for CNDX.AS.

What is the main difference between CNDX.AS and NADQ.DE?

CNDX.AS tracks NASDAQ-100 Index, while NADQ.DE tracks Nasdaq 100®. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.36% for CNDX.AS and 0.22% for NADQ.DE.