CNDX.AS vs. NASL.L
CNDX.AS (iShares NASDAQ 100 UCITS ETF) and NASL.L (Lyxor UCITS Nasdaq-100 D-EUR) are both Nasdaq-100 funds - CNDX.AS tracks the NASDAQ-100 Index while NASL.L tracks the Russell 1000 Growth TR USD. Both are passively managed. Over the past 10 years, CNDX.AS returned 21.25%/yr vs 18.28%/yr for NASL.L. A 0.78 correlation means they provide meaningful diversification when combined. CNDX.AS charges 0.36%/yr vs 0.30%/yr for NASL.L.
Performance
CNDX.AS vs. NASL.L - Performance Comparison
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Different Trading Currencies
CNDX.AS is traded in EUR, while NASL.L is traded in GBp. To make them comparable, the NASL.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 NASL.L's 18.71% return. Over the past 10 years, CNDX.AS has outperformed NASL.L with an annualized return of 21.25%, while NASL.L has yielded a comparatively lower 18.28% annualized return.
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%
NASL.L
- 1D
- -0.00%
- 1M
- 4.02%
- YTD
- 18.71%
- 6M
- 16.61%
- 1Y
- 34.83%
- 3Y*
- 24.43%
- 5Y*
- 18.29%
- 10Y*
- 18.28%
CNDX.AS vs. NASL.L - 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% |
NASL.L Lyxor UCITS Nasdaq-100 D-EUR | 18.71% | 5.89% | 34.99% | 51.08% | -29.23% | 38.22% | 35.64% | 27.63% | 3.26% | 11.68% |
Correlation
The correlation between CNDX.AS and NASL.L is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2011 | 0.78 |
The correlation between CNDX.AS and NASL.L shifts across timeframes, from 0.78 (all time) to 0.96 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CNDX.AS vs. NASL.L — Risk / Return Rank
CNDX.AS
NASL.L
CNDX.AS vs. NASL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (CNDX.AS) and Lyxor UCITS Nasdaq-100 D-EUR (NASL.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.AS | NASL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.39 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 3.44 | +0.26 |
| Martin ratioReturn relative to average drawdown | 11.01 | 10.30 | +0.71 |
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 | NASL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 2.25 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.85 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | 0.84 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.63 | +0.40 |
Drawdowns
CNDX.AS vs. NASL.L - Drawdown Comparison
The maximum CNDX.AS drawdown since its inception was -31.21%, smaller than the maximum NASL.L drawdown of -55.82%. Use the drawdown chart below to compare losses from any high point for CNDX.AS and NASL.L.
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Drawdown Indicators
| CNDX.AS | NASL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.21% | -55.82% | +24.61% |
Max Drawdown (1Y)Largest decline over 1 year | -10.06% | -10.07% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -26.57% | -26.49% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -31.21% | -31.17% | -0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -31.21% | -31.17% | -0.04% |
Current DrawdownCurrent decline from peak | -0.77% | -2.69% | +1.92% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -10.41% | +4.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 3.37% | +0.04% |
Volatility
CNDX.AS vs. NASL.L - Volatility Comparison
iShares NASDAQ 100 UCITS ETF (CNDX.AS) and Lyxor UCITS Nasdaq-100 D-EUR (NASL.L) have volatilities of 4.35% and 4.38%, 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.
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Volatility by Period
| CNDX.AS | NASL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 4.38% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.74% | 10.78% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.45% | 15.41% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.72% | 21.50% | -1.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 22.02% | -2.41% |
CNDX.AS vs. NASL.L - Expense Ratio Comparison
CNDX.AS has a 0.36% expense ratio, which is higher than NASL.L's 0.30% expense ratio.
Dividends
CNDX.AS vs. NASL.L - Dividend Comparison
Neither CNDX.AS nor NASL.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
NASL.L Lyxor UCITS Nasdaq-100 D-EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.69% | 0.61% | 0.68% |
Frequently Asked Questions
With a correlation of 0.96, CNDX.AS and NASL.L 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.
On fees, NASL.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NASL.L is cheaper with a 0.30% expense ratio, compared with 0.36% for CNDX.AS.
CNDX.AS tracks NASDAQ-100 Index, while NASL.L tracks Russell 1000 Growth TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.36% for CNDX.AS and 0.30% for NASL.L.
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