CNDX.L vs. CYGB.L
CNDX.L (iShares NASDAQ 100 UCITS ETF) and CYGB.L (iShares China CNY Bond UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while CYGB.L is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index. Both are passively managed. Over the past 5 years, CNDX.L returned 15.27%/yr vs 5.08%/yr for CYGB.L. At a 0.25 correlation, their price movements are largely independent. CNDX.L charges 0.33%/yr vs 0.40%/yr for CYGB.L.
Performance
CNDX.L vs. CYGB.L - Performance Comparison
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Different Trading Currencies
CNDX.L is traded in USD, while CYGB.L is traded in GBP. To make them comparable, the CYGB.L 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 15.91% return, which is significantly higher than CYGB.L's 4.04% return.
CNDX.L
- 1D
- -0.67%
- 1M
- -3.48%
- 6M
- 16.01%
- YTD
- 15.91%
- 1Y
- 28.40%
- 3Y*
- 23.77%
- 5Y*
- 15.27%
- 10Y*
- 20.97%
CYGB.L
- 1D
- 0.00%
- 1M
- 1.54%
- 6M
- 3.81%
- YTD
- 4.04%
- 1Y
- 4.68%
- 3Y*
- 7.94%
- 5Y*
- 5.08%
- 10Y*
- —
CNDX.L vs. CYGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CNDX.L iShares NASDAQ 100 UCITS ETF | 15.91% | 19.75% | 26.42% | 56.22% | -33.49% | 25.87% |
CYGB.L iShares China CNY Bond UCITS ETF GBP Hedged (Dist) | 4.04% | 9.91% | 9.53% | 12.79% | -8.81% | -1.56% |
Correlation
The correlation between CNDX.L and CYGB.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.25 |
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Return for Risk
CNDX.L vs. CYGB.L — Risk / Return Rank
CNDX.L
CYGB.L
CNDX.L vs. CYGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (CNDX.L) and iShares China CNY Bond UCITS ETF GBP Hedged (Dist) (CYGB.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.
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 | CYGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.11 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 1.08 | +1.49 |
| Martin ratioReturn relative to average drawdown | 8.61 | 2.45 | +6.16 |
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Drawdowns
CNDX.L vs. CYGB.L - Drawdown Comparison
The maximum CNDX.L drawdown since its inception was -35.21%, which is greater than CYGB.L's maximum drawdown of -22.10%. Use the drawdown chart below to compare losses from any high point for CNDX.L and CYGB.L.
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Drawdown Indicators
| CNDX.L | CYGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -22.10% | -13.11% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -4.04% | -6.96% |
Max Drawdown (3Y)Largest decline over 3 years | -22.44% | -6.72% | -15.72% |
Max Drawdown (5Y)Largest decline over 5 years | -35.21% | -21.63% | -13.58% |
Max Drawdown (10Y)Largest decline over 10 years | -35.21% | — | — |
Current DrawdownCurrent decline from peak | -3.87% | 0.00% | -3.87% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -4.36% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 1.78% | +1.51% |
Volatility
CNDX.L vs. CYGB.L - Volatility Comparison
iShares NASDAQ 100 UCITS ETF (CNDX.L) has a higher volatility of 5.89% compared to iShares China CNY Bond UCITS ETF GBP Hedged (Dist) (CYGB.L) at 1.98%. This indicates that CNDX.L's price experiences larger fluctuations and is considered to be riskier than CYGB.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.L | CYGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 1.98% | +3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 13.78% | 5.70% | +8.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.32% | 7.38% | +9.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.15% | 8.87% | +12.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.13% | 8.74% | +11.39% |
CNDX.L vs. CYGB.L - Expense Ratio Comparison
CNDX.L has a 0.33% expense ratio, which is lower than CYGB.L's 0.40% expense ratio.
Dividends
CNDX.L vs. CYGB.L - Dividend Comparison
CNDX.L has not paid dividends to shareholders, while CYGB.L's dividend yield for the trailing twelve months is around 1.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CNDX.L iShares NASDAQ 100 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CYGB.L iShares China CNY Bond UCITS ETF GBP Hedged (Dist) | 1.70% | 1.84% | 2.13% | 2.38% | 2.68% | 2.21% |
Frequently Asked Questions
CNDX.L and CYGB.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNDX.L is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNDX.L is cheaper with a 0.33% expense ratio, compared with 0.40% for CYGB.L.
CNDX.L is categorized as Nasdaq-100, while CYGB.L is Emerging Markets Bonds. CNDX.L tracks NASDAQ-100 Index, while CYGB.L tracks Bloomberg China Treasury + Policy Bank Index. Their fees differ too: 0.33% for CNDX.L and 0.40% for CYGB.L.
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