CNDX.AS vs. XDWT.DE
CNDX.AS (iShares NASDAQ 100 UCITS ETF) and XDWT.DE (Xtrackers MSCI World Information Technology UCITS ETF 1C) are both exchange-traded funds - CNDX.AS is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while XDWT.DE is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 10 years, CNDX.AS returned 21.25%/yr vs 24.00%/yr for XDWT.DE. Their correlation of 0.95 suggests significant overlap in exposure. CNDX.AS charges 0.36%/yr vs 0.25%/yr for XDWT.DE.
Performance
CNDX.AS vs. XDWT.DE - 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 lower than XDWT.DE's 25.23% return. Over the past 10 years, CNDX.AS has underperformed XDWT.DE with an annualized return of 21.25%, while XDWT.DE has yielded a comparatively higher 24.00% 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%
XDWT.DE
- 1D
- -2.03%
- 1M
- 10.09%
- YTD
- 25.23%
- 6M
- 22.39%
- 1Y
- 47.87%
- 3Y*
- 29.29%
- 5Y*
- 22.52%
- 10Y*
- 24.00%
CNDX.AS vs. XDWT.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% |
XDWT.DE Xtrackers MSCI World Information Technology UCITS ETF 1C | 25.23% | 9.56% | 41.11% | 50.00% | -28.10% | 41.76% | 30.98% | 51.77% | 0.78% | 21.03% |
Correlation
The correlation between CNDX.AS and XDWT.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2016 | 0.95 |
The correlation between CNDX.AS and XDWT.DE has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
CNDX.AS vs. XDWT.DE — Risk / Return Rank
CNDX.AS
XDWT.DE
CNDX.AS vs. XDWT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (CNDX.AS) and Xtrackers MSCI World Information Technology UCITS ETF 1C (XDWT.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 | XDWT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.38 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 3.12 | +0.58 |
| Martin ratioReturn relative to average drawdown | 11.01 | 8.24 | +2.77 |
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 | XDWT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 2.38 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.99 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | 1.11 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 1.09 | -0.06 |
Drawdowns
CNDX.AS vs. XDWT.DE - Drawdown Comparison
The maximum CNDX.AS drawdown since its inception was -31.21%, roughly equal to the maximum XDWT.DE drawdown of -31.61%. Use the drawdown chart below to compare losses from any high point for CNDX.AS and XDWT.DE.
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Drawdown Indicators
| CNDX.AS | XDWT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.21% | -31.61% | +0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -10.06% | -15.59% | +5.53% |
Max Drawdown (3Y)Largest decline over 3 years | -26.57% | -29.46% | +2.89% |
Max Drawdown (5Y)Largest decline over 5 years | -31.21% | -29.46% | -1.75% |
Max Drawdown (10Y)Largest decline over 10 years | -31.21% | -31.61% | +0.40% |
Current DrawdownCurrent decline from peak | -0.77% | -2.61% | +1.84% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -5.82% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 5.91% | -2.50% |
Volatility
CNDX.AS vs. XDWT.DE - Volatility Comparison
The current volatility for iShares NASDAQ 100 UCITS ETF (CNDX.AS) is 4.35%, while Xtrackers MSCI World Information Technology UCITS ETF 1C (XDWT.DE) has a volatility of 7.11%. This indicates that CNDX.AS experiences smaller price fluctuations and is considered to be less risky than XDWT.DE 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 | XDWT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 7.11% | -2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 10.74% | 14.96% | -4.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.45% | 20.39% | -4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.72% | 22.55% | -2.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 21.46% | -1.85% |
CNDX.AS vs. XDWT.DE - Expense Ratio Comparison
CNDX.AS has a 0.36% expense ratio, which is higher than XDWT.DE's 0.25% expense ratio.
Dividends
CNDX.AS vs. XDWT.DE - Dividend Comparison
Neither CNDX.AS nor XDWT.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, CNDX.AS and XDWT.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.
On fees, XDWT.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDWT.DE is cheaper with a 0.25% expense ratio, compared with 0.36% for CNDX.AS.
CNDX.AS is categorized as Nasdaq-100, while XDWT.DE is Technology Equities. CNDX.AS tracks NASDAQ-100 Index, while XDWT.DE tracks MSCI World/Information Tech NR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.36% for CNDX.AS and 0.25% for XDWT.DE.
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