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CNDX.L vs. CNDX.AS
Performance
Return for Risk
Dividends
Drawdowns
Volatility

CNDX.L vs. CNDX.AS

Last updated Apr 2, 2026

Compare and contrast key facts about iShares NASDAQ 100 UCITS ETF (CNDX.L) and iShares NASDAQ 100 UCITS ETF (CNDX.AS).

CNDX.L and CNDX.AS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CNDX.L is a passively managed fund by iShares that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 26, 2010. 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. Both CNDX.L and CNDX.AS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

CNDX.L vs. CNDX.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares NASDAQ 100 UCITS ETF (CNDX.L) and iShares NASDAQ 100 UCITS ETF (CNDX.AS). The values are adjusted to include any dividend payments, if applicable.

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CNDX.L vs. CNDX.AS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CNDX.L
iShares NASDAQ 100 UCITS ETF		-5.13%19.75%26.45%56.31%-33.45%27.96%48.33%38.07%-1.03%32.36%
CNDX.AS
iShares NASDAQ 100 UCITS ETF		-5.21%20.42%26.92%55.16%-34.12%29.34%47.85%37.78%-0.35%32.54%
Different Trading Currencies

CNDX.L is traded in USD, while CNDX.AS is traded in EUR. To make them comparable, the CNDX.AS values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with CNDX.L having a -5.13% return and CNDX.AS slightly lower at -5.21%. Both investments have delivered pretty close results over the past 10 years, with CNDX.L having a 18.90% annualized return and CNDX.AS not far behind at 18.76%.

CNDX.L

1D
3.32%
1M
-2.99%
YTD
-5.13%
6M
-2.25%
1Y
24.64%
3Y*
23.05%
5Y*
13.06%
10Y*
18.90%

CNDX.AS

1D
3.01%
1M
-3.07%
YTD
-5.21%
6M
-2.43%
1Y
24.76%
3Y*
23.07%
5Y*
12.99%
10Y*
18.76%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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iShares NASDAQ 100 UCITS ETF

iShares NASDAQ 100 UCITS ETF

Often compared with CNDX.L:
CNDX.L vs. QQQCNDX.L vs. EQQQ.DECNDX.L vs. CNX1.LCNDX.L vs. SXRV.DECNDX.L vs. CSPX.LCNDX.L vs. EQQU.LCNDX.L vs. VWRA.L
Often compared with CNDX.AS:
CNDX.AS vs. QQQMCNDX.AS vs. CSNDX.MICNDX.AS vs. CSPX.ASCNDX.AS vs. ANXU.LCNDX.AS vs. EXXT.DECNDX.AS vs. NQSE.DECNDX.AS vs. XDWT.L

CNDX.L vs. CNDX.AS - Expense Ratio Comparison

CNDX.L has a 0.33% expense ratio, which is lower than CNDX.AS's 0.36% expense ratio.

CNDX.AS
iShares NASDAQ 100 UCITS ETF
CNDX.L
iShares NASDAQ 100 UCITS ETF

Return for Risk

CNDX.L vs. CNDX.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CNDX.L
CNDX.L Risk / Return Rank: 7777
Overall Rank
CNDX.L Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
CNDX.L Sortino Ratio Rank: 7171
Sortino Ratio Rank
CNDX.L Omega Ratio Rank: 6565
Omega Ratio Rank
CNDX.L Calmar Ratio Rank: 9191
Calmar Ratio Rank
CNDX.L Martin Ratio Rank: 9090
Martin Ratio Rank
CNDX.AS
CNDX.AS Risk / Return Rank: 5757
Overall Rank
CNDX.AS Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
CNDX.AS Sortino Ratio Rank: 4040
Sortino Ratio Rank
CNDX.AS Omega Ratio Rank: 4040
Omega Ratio Rank
CNDX.AS Calmar Ratio Rank: 8787
Calmar Ratio Rank
CNDX.AS Martin Ratio Rank: 7777
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CNDX.L vs. CNDX.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (CNDX.L) and iShares NASDAQ 100 UCITS ETF (CNDX.AS). 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.LCNDX.ASDifference

Sharpe ratio

Return per unit of total volatility

1.24

1.21

+0.03

Sortino ratio

Return per unit of downside risk

1.83

1.81

+0.02

Omega ratio

Gain probability vs. loss probability

1.25

1.24

0.00

Calmar ratio

Return relative to maximum drawdown

3.26

3.22

+0.04

Martin ratio

Return relative to average drawdown

12.14

12.60

-0.46

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CNDX.L vs. CNDX.AS - Sharpe Ratio Comparison

The current CNDX.L Sharpe Ratio is 1.24, which is comparable to the CNDX.AS Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of CNDX.L and CNDX.AS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

CNDX.LCNDX.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.24

1.21

+0.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.62

0.62

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.94

0.93

+0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

1.03

0.90

+0.13

Correlation

The correlation between CNDX.L and CNDX.AS is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CNDX.L vs. CNDX.AS - Dividend Comparison

Neither CNDX.L nor CNDX.AS has paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
CNDX.L
iShares NASDAQ 100 UCITS ETF		0.00%0.00%0.02%0.05%0.06%0.03%0.04%0.07%0.06%0.30%0.16%0.16%
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%

Drawdowns

CNDX.L vs. CNDX.AS - Drawdown Comparison

The maximum CNDX.L drawdown since its inception was -35.17%, roughly equal to the maximum CNDX.AS drawdown of -35.03%. Use the drawdown chart below to compare losses from any high point for CNDX.L and CNDX.AS.

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Drawdown Indicators

CNDX.LCNDX.ASDifference

Max Drawdown

Largest peak-to-trough decline

-35.17%

-31.21%

-3.96%

Max Drawdown (1Y)

Largest decline over 1 year

-12.06%

-13.20%

+1.14%

Max Drawdown (5Y)

Largest decline over 5 years

-35.17%

-31.21%

-3.96%

Max Drawdown (10Y)

Largest decline over 10 years

-35.17%

-31.21%

-3.96%

Current Drawdown

Current decline from peak

-7.55%

-7.63%

+0.08%

Average Drawdown

Average peak-to-trough decline

-5.35%

-5.49%

+0.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.95%

3.33%

-0.38%

Volatility

CNDX.L vs. CNDX.AS - Volatility Comparison

iShares NASDAQ 100 UCITS ETF (CNDX.L) has a higher volatility of 6.11% compared to iShares NASDAQ 100 UCITS ETF (CNDX.AS) at 5.59%. This indicates that CNDX.L's price experiences larger fluctuations and is considered to be riskier than CNDX.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CNDX.LCNDX.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.11%

5.59%

+0.52%

Volatility (6M)

Calculated over the trailing 6-month period

11.94%

11.78%

+0.16%

Volatility (1Y)

Calculated over the trailing 1-year period

19.67%

20.21%

-0.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.86%

20.56%

+0.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.01%

19.84%

+0.17%