CNDX.AS vs. TSLA
Compare and contrast key facts about iShares NASDAQ 100 UCITS ETF (CNDX.AS) and Tesla, Inc. (TSLA).
CNDX.AS is a passively managed fund by iShares that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 26, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNDX.AS or TSLA.
Key characteristics
| CNDX.AS | TSLA | |
|---|---|---|
| YTD Return | 31.61% | 32.90% |
| 1Y Return | 37.18% | 39.10% |
| 3Y Return (Ann) | 12.25% | -1.40% |
| 5Y Return (Ann) | 21.56% | 69.97% |
| 10Y Return (Ann) | 19.69% | 34.42% |
| Sharpe Ratio | 2.27 | 0.78 |
| Sortino Ratio | 2.97 | 1.55 |
| Omega Ratio | 1.42 | 1.19 |
| Calmar Ratio | 2.77 | 0.73 |
| Martin Ratio | 9.28 | 2.08 |
| Ulcer Index | 4.04% | 22.86% |
| Daily Std Dev | 16.46% | 61.06% |
| Max Drawdown | -31.21% | -73.63% |
| Current Drawdown | 0.00% | -19.45% |
Correlation
The correlation between CNDX.AS and TSLA is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CNDX.AS vs. TSLA - Performance Comparison
The year-to-date returns for both investments are quite close, with CNDX.AS having a 31.61% return and TSLA slightly higher at 32.90%. Over the past 10 years, CNDX.AS has underperformed TSLA with an annualized return of 19.69%, while TSLA has yielded a comparatively higher 34.42% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CNDX.AS vs. TSLA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (CNDX.AS) and Tesla, Inc. (TSLA). 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.
Dividends
CNDX.AS vs. TSLA - Dividend Comparison
Neither CNDX.AS nor TSLA has paid dividends to shareholders.
Drawdowns
CNDX.AS vs. TSLA - Drawdown Comparison
The maximum CNDX.AS drawdown since its inception was -31.21%, smaller than the maximum TSLA drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for CNDX.AS and TSLA. For additional features, visit the drawdowns tool.
Volatility
CNDX.AS vs. TSLA - Volatility Comparison
The current volatility for iShares NASDAQ 100 UCITS ETF (CNDX.AS) is 4.58%, while Tesla, Inc. (TSLA) has a volatility of 27.86%. This indicates that CNDX.AS experiences smaller price fluctuations and is considered to be less risky than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.