CNDX.AS vs. WDIV
CNDX.AS (iShares NASDAQ 100 UCITS ETF) and WDIV (SPDR S&P Global Dividend ETF) are both exchange-traded funds - CNDX.AS is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while WDIV is a Global Equities fund tracking the S&P Global Dividend Aristocrats Index sp_43. Both are passively managed. Over the past 10 years, CNDX.AS returned 21.25%/yr vs 7.08%/yr for WDIV. At a 0.38 correlation, their price movements are largely independent. CNDX.AS charges 0.36%/yr vs 0.40%/yr for WDIV.
Performance
CNDX.AS vs. WDIV - Performance Comparison
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Different Trading Currencies
CNDX.AS is traded in EUR, while WDIV is traded in USD. To make them comparable, the WDIV 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 WDIV's 9.80% return. Over the past 10 years, CNDX.AS has outperformed WDIV with an annualized return of 21.25%, while WDIV has yielded a comparatively lower 7.08% annualized return.
CNDX.AS
- 1D
- -0.77%
- 1M
- 5.85%
- YTD
- 20.95%
- 6M
- 18.73%
- 1Y
- 37.23%
- 3Y*
- 24.53%
- 5Y*
- 18.67%
- 10Y*
- 21.25%
WDIV
- 1D
- -0.35%
- 1M
- 1.91%
- YTD
- 9.80%
- 6M
- 10.73%
- 1Y
- 18.82%
- 3Y*
- 13.77%
- 5Y*
- 8.65%
- 10Y*
- 7.08%
CNDX.AS vs. WDIV - 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% |
WDIV SPDR S&P Global Dividend ETF | 9.80% | 12.07% | 14.71% | 4.96% | -1.15% | 23.00% | -17.58% | 22.83% | -4.53% | 4.40% |
Correlation
The correlation between CNDX.AS and WDIV is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since May 31, 2013 | 0.38 |
Over the past year, the correlation between CNDX.AS and WDIV has dropped to 0.18 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
CNDX.AS vs. WDIV — Risk / Return Rank
CNDX.AS
WDIV
CNDX.AS vs. WDIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (CNDX.AS) and SPDR S&P Global Dividend ETF (WDIV). 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 | WDIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.42 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 2.90 | +0.80 |
| Martin ratioReturn relative to average drawdown | 11.01 | 11.46 | -0.45 |
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 | WDIV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 2.27 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.79 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | 0.48 | +0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.54 | +0.49 |
Drawdowns
CNDX.AS vs. WDIV - Drawdown Comparison
The maximum CNDX.AS drawdown since its inception was -31.21%, smaller than the maximum WDIV drawdown of -41.64%. Use the drawdown chart below to compare losses from any high point for CNDX.AS and WDIV.
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Drawdown Indicators
| CNDX.AS | WDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.21% | -41.64% | +10.43% |
Max Drawdown (1Y)Largest decline over 1 year | -10.06% | -6.94% | -3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -26.57% | -11.68% | -14.89% |
Max Drawdown (5Y)Largest decline over 5 years | -31.21% | -15.72% | -15.49% |
Max Drawdown (10Y)Largest decline over 10 years | -31.21% | -41.64% | +10.43% |
Current DrawdownCurrent decline from peak | -0.77% | -0.74% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -5.81% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 1.75% | +1.66% |
Volatility
CNDX.AS vs. WDIV - Volatility Comparison
iShares NASDAQ 100 UCITS ETF (CNDX.AS) has a higher volatility of 4.35% compared to SPDR S&P Global Dividend ETF (WDIV) at 2.25%. This indicates that CNDX.AS's price experiences larger fluctuations and is considered to be riskier than WDIV 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 | WDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 2.25% | +2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 10.74% | 6.85% | +3.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.45% | 8.87% | +6.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.72% | 11.00% | +8.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 14.70% | +4.91% |
CNDX.AS vs. WDIV - Expense Ratio Comparison
CNDX.AS has a 0.36% expense ratio, which is lower than WDIV's 0.40% expense ratio.
Dividends
CNDX.AS vs. WDIV - Dividend Comparison
CNDX.AS has not paid dividends to shareholders, while WDIV's dividend yield for the trailing twelve months is around 4.06%.
| 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% |
WDIV SPDR S&P Global Dividend ETF | 4.06% | 4.27% | 4.63% | 4.73% | 5.12% | 4.15% | 5.55% | 3.99% | 4.42% | 3.62% | 4.32% | 5.03% |
Frequently Asked Questions
CNDX.AS and WDIV have a correlation of 0.18, 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 0.40% for WDIV.
CNDX.AS is categorized as Nasdaq-100, while WDIV is Global Equities. CNDX.AS tracks NASDAQ-100 Index, while WDIV tracks S&P Global Dividend Aristocrats Index sp_43. They also come from different issuers: iShares and State Street. Their fees differ too: 0.36% for CNDX.AS and 0.40% for WDIV.
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