CNDX.AS vs. XSTC.L
CNDX.AS (iShares NASDAQ 100 UCITS ETF) and XSTC.L (Xtrackers MSCI USA Information Technology UCITS ETF 1D) are both exchange-traded funds - CNDX.AS is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while XSTC.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, CNDX.AS returned 18.67%/yr vs 23.29%/yr for XSTC.L. Their correlation of 0.91 suggests significant overlap in exposure. CNDX.AS charges 0.36%/yr vs 0.12%/yr for XSTC.L.
Performance
CNDX.AS vs. XSTC.L - Performance Comparison
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Different Trading Currencies
CNDX.AS is traded in EUR, while XSTC.L is traded in GBp. To make them comparable, the XSTC.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with CNDX.AS having a 20.95% return and XSTC.L slightly higher at 21.32%.
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%
XSTC.L
- 1D
- 0.14%
- 1M
- 7.02%
- YTD
- 21.32%
- 6M
- 18.22%
- 1Y
- 44.53%
- 3Y*
- 29.91%
- 5Y*
- 23.29%
- 10Y*
- —
CNDX.AS vs. XSTC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CNDX.AS iShares NASDAQ 100 UCITS ETF | 20.95% | 6.16% | 35.29% | 50.41% | -29.90% | 38.80% | 35.83% | 40.51% | 1.38% |
XSTC.L Xtrackers MSCI USA Information Technology UCITS ETF 1D | 21.32% | 8.35% | 46.23% | 51.98% | -26.53% | 42.15% | 33.85% | 52.31% | 0.44% |
Correlation
The correlation between CNDX.AS and XSTC.L is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2018 | 0.91 |
The correlation between CNDX.AS and XSTC.L has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
CNDX.AS vs. XSTC.L — Risk / Return Rank
CNDX.AS
XSTC.L
CNDX.AS vs. XSTC.L - 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 USA Information Technology UCITS ETF 1D (XSTC.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 | XSTC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.36 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 2.67 | +1.03 |
| Martin ratioReturn relative to average drawdown | 11.01 | 7.00 | +4.01 |
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 | XSTC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 2.17 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 1.02 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 1.09 | -0.07 |
Drawdowns
CNDX.AS vs. XSTC.L - Drawdown Comparison
The maximum CNDX.AS drawdown since its inception was -31.21%, roughly equal to the maximum XSTC.L drawdown of -31.13%. Use the drawdown chart below to compare losses from any high point for CNDX.AS and XSTC.L.
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Drawdown Indicators
| CNDX.AS | XSTC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.21% | -31.13% | -0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.06% | -16.59% | +6.53% |
Max Drawdown (3Y)Largest decline over 3 years | -26.57% | -31.13% | +4.56% |
Max Drawdown (5Y)Largest decline over 5 years | -31.21% | -31.13% | -0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -31.21% | — | — |
Current DrawdownCurrent decline from peak | -0.77% | -5.29% | +4.52% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -6.65% | +1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 6.35% | -2.94% |
Volatility
CNDX.AS vs. XSTC.L - Volatility Comparison
The current volatility for iShares NASDAQ 100 UCITS ETF (CNDX.AS) is 4.35%, while Xtrackers MSCI USA Information Technology UCITS ETF 1D (XSTC.L) has a volatility of 7.36%. This indicates that CNDX.AS experiences smaller price fluctuations and is considered to be less risky than XSTC.L 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 | XSTC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 7.36% | -3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.74% | 14.97% | -4.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.45% | 20.43% | -4.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.72% | 22.96% | -3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 23.08% | -3.47% |
CNDX.AS vs. XSTC.L - Expense Ratio Comparison
CNDX.AS has a 0.36% expense ratio, which is higher than XSTC.L's 0.12% expense ratio.
Dividends
CNDX.AS vs. XSTC.L - Dividend Comparison
CNDX.AS has not paid dividends to shareholders, while XSTC.L's dividend yield for the trailing twelve months is around 0.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CNDX.AS iShares NASDAQ 100 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XSTC.L Xtrackers MSCI USA Information Technology UCITS ETF 1D | 0.26% | 0.33% | 0.37% | 0.53% | 1.08% | 0.53% | 0.63% | 0.60% |
Frequently Asked Questions
With a correlation of 0.91, CNDX.AS and XSTC.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, XSTC.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSTC.L is cheaper with a 0.12% expense ratio, compared with 0.36% for CNDX.AS.
CNDX.AS is categorized as Nasdaq-100, while XSTC.L is Technology Equities. CNDX.AS tracks NASDAQ-100 Index, while XSTC.L 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 0.12% for XSTC.L.
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