CNDX.L vs. ^STOXX
CNDX.L (iShares NASDAQ 100 UCITS ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index, while ^STOXX (STOXX Europe 600 Index) is an index. Over the past 10 years, CNDX.L returned 21.60%/yr vs 7.39%/yr for ^STOXX. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
CNDX.L vs. ^STOXX - Performance Comparison
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Different Trading Currencies
CNDX.L is traded in USD, while ^STOXX is traded in EUR. To make them comparable, the ^STOXX values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CNDX.L achieves a 16.86% return, which is significantly higher than ^STOXX's 5.17% return. Over the past 10 years, CNDX.L has outperformed ^STOXX with an annualized return of 21.60%, while ^STOXX has yielded a comparatively lower 7.39% annualized return.
CNDX.L
- 1D
- 3.01%
- 1M
- 0.15%
- YTD
- 16.86%
- 6M
- 18.12%
- 1Y
- 36.58%
- 3Y*
- 26.24%
- 5Y*
- 16.67%
- 10Y*
- 21.60%
^STOXX
- 1D
- 1.77%
- 1M
- 2.27%
- YTD
- 5.17%
- 6M
- 7.89%
- 1Y
- 16.36%
- 3Y*
- 13.57%
- 5Y*
- 5.74%
- 10Y*
- 7.39%
CNDX.L vs. ^STOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNDX.L iShares NASDAQ 100 UCITS ETF | 16.86% | 19.75% | 26.42% | 56.22% | -33.49% | 27.92% | 48.25% | 37.96% | -1.08% | 31.91% |
^STOXX STOXX Europe 600 Index | 5.17% | 32.56% | -0.63% | 16.30% | -17.85% | 12.47% | 5.57% | 21.16% | -17.67% | 22.91% |
Correlation
The correlation between CNDX.L and ^STOXX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2010 | 0.60 |
The correlation between CNDX.L and ^STOXX has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.
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Return for Risk
CNDX.L vs. ^STOXX — Risk / Return Rank
CNDX.L
^STOXX
CNDX.L vs. ^STOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (CNDX.L) and STOXX Europe 600 Index (^STOXX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CNDX.L | ^STOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.19 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 1.31 | +1.93 |
| Martin ratioReturn relative to average drawdown | 11.35 | 4.43 | +6.92 |
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Drawdowns
CNDX.L vs. ^STOXX - Drawdown Comparison
The maximum CNDX.L drawdown since its inception was -35.21%, smaller than the maximum ^STOXX drawdown of -64.60%. Use the drawdown chart below to compare losses from any high point for CNDX.L and ^STOXX.
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Drawdown Indicators
| CNDX.L | ^STOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -64.60% | +29.39% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -11.59% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -22.44% | -15.22% | -7.22% |
Max Drawdown (5Y)Largest decline over 5 years | -35.21% | -33.96% | -1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -35.21% | -39.58% | +4.37% |
Current DrawdownCurrent decline from peak | -3.08% | -2.22% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -5.13% | -22.90% | +17.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 3.43% | -0.28% |
Volatility
CNDX.L vs. ^STOXX - Volatility Comparison
iShares NASDAQ 100 UCITS ETF (CNDX.L) has a higher volatility of 6.21% compared to STOXX Europe 600 Index (^STOXX) at 3.90%. This indicates that CNDX.L's price experiences larger fluctuations and is considered to be riskier than ^STOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNDX.L | ^STOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.21% | 3.90% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 12.72% | 12.00% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.44% | 14.51% | +1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.99% | 17.52% | +3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.12% | 17.76% | +2.36% |
Frequently Asked Questions
CNDX.L and ^STOXX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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