CNDX.L vs. CSNDX.MI
CNDX.L (iShares NASDAQ 100 UCITS ETF) and CSNDX.MI (iShares NASDAQ 100 UCITS ETF USD (Acc)) are both Nasdaq-100 funds from iShares tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, CNDX.L returned 21.62%/yr vs 21.52%/yr for CSNDX.MI. Their correlation of 0.83 suggests significant overlap in exposure. CNDX.L charges 0.33%/yr vs 0.30%/yr for CSNDX.MI.
Performance
CNDX.L vs. CSNDX.MI - Performance Comparison
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Different Trading Currencies
CNDX.L is traded in USD, while CSNDX.MI is traded in EUR. To make them comparable, the CSNDX.MI 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 19.65% return and CSNDX.MI slightly lower at 19.04%. Both investments have delivered pretty close results over the past 10 years, with CNDX.L having a 21.62% annualized return and CSNDX.MI not far behind at 21.52%.
CNDX.L
- 1D
- -0.66%
- 1M
- 8.52%
- YTD
- 19.65%
- 6M
- 19.10%
- 1Y
- 40.28%
- 3Y*
- 27.98%
- 5Y*
- 17.61%
- 10Y*
- 21.62%
CSNDX.MI
- 1D
- -0.68%
- 1M
- 8.53%
- YTD
- 19.04%
- 6M
- 19.12%
- 1Y
- 40.05%
- 3Y*
- 27.88%
- 5Y*
- 17.56%
- 10Y*
- 21.52%
CNDX.L vs. CSNDX.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNDX.L iShares NASDAQ 100 UCITS ETF | 19.65% | 19.75% | 26.45% | 56.31% | -33.45% | 27.96% | 48.33% | 38.07% | -1.03% | 32.36% |
CSNDX.MI iShares NASDAQ 100 UCITS ETF USD (Acc) | 19.04% | 20.50% | 27.36% | 54.81% | -34.08% | 28.80% | 48.69% | 38.91% | -1.26% | 32.79% |
Correlation
The correlation between CNDX.L and CSNDX.MI 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 | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2010 | 0.83 |
The correlation between CNDX.L and CSNDX.MI shifts across timeframes, from 0.83 (all time) to 0.94 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CNDX.L vs. CSNDX.MI — Risk / Return Rank
CNDX.L
CSNDX.MI
CNDX.L vs. CSNDX.MI - 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 USD (Acc) (CSNDX.MI). 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.L | CSNDX.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.43 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 3.67 | -0.06 |
| Martin ratioReturn relative to average drawdown | 13.03 | 13.57 | -0.53 |
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.L | CSNDX.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 2.55 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.85 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | 1.07 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 1.01 | +0.11 |
Drawdowns
CNDX.L vs. CSNDX.MI - Drawdown Comparison
The maximum CNDX.L drawdown since its inception was -35.17%, roughly equal to the maximum CSNDX.MI drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for CNDX.L and CSNDX.MI.
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Drawdown Indicators
| CNDX.L | CSNDX.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.17% | -35.01% | -0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -10.91% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -22.44% | -23.07% | +0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -35.17% | -35.01% | -0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -35.17% | -35.01% | -0.16% |
Current DrawdownCurrent decline from peak | -0.76% | -0.81% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -5.22% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 2.95% | +0.12% |
Volatility
CNDX.L vs. CSNDX.MI - Volatility Comparison
iShares NASDAQ 100 UCITS ETF (CNDX.L) has a higher volatility of 4.90% compared to iShares NASDAQ 100 UCITS ETF USD (Acc) (CSNDX.MI) at 4.53%. This indicates that CNDX.L's price experiences larger fluctuations and is considered to be riskier than CSNDX.MI 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 | CSNDX.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 4.53% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 11.88% | 11.30% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.79% | 15.70% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.87% | 20.58% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.07% | 19.89% | +0.18% |
CNDX.L vs. CSNDX.MI - Expense Ratio Comparison
CNDX.L has a 0.33% expense ratio, which is higher than CSNDX.MI's 0.30% expense ratio.
Dividends
CNDX.L vs. CSNDX.MI - Dividend Comparison
Neither CNDX.L nor CSNDX.MI has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
CSNDX.MI iShares NASDAQ 100 UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, CNDX.L and CSNDX.MI 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, CSNDX.MI is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSNDX.MI is cheaper with a 0.30% expense ratio, compared with 0.33% for CNDX.L.
Both ETFs track NASDAQ-100 Index. Their fees differ too: 0.33% for CNDX.L and 0.30% for CSNDX.MI.
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