CNDX.L vs. IS3R.DE
CNDX.L (iShares NASDAQ 100 UCITS ETF) and IS3R.DE (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) are both exchange-traded funds - CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while IS3R.DE is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 10 years, CNDX.L returned 21.32%/yr vs 15.57%/yr for IS3R.DE. A 0.78 correlation means they provide meaningful diversification when combined. CNDX.L charges 0.33%/yr vs 0.25%/yr for IS3R.DE.
Performance
CNDX.L vs. IS3R.DE - Performance Comparison
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Different Trading Currencies
CNDX.L is traded in USD, while IS3R.DE is traded in EUR. To make them comparable, the IS3R.DE 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 16.32% return, which is significantly lower than IS3R.DE's 21.08% return. Over the past 10 years, CNDX.L has outperformed IS3R.DE with an annualized return of 21.32%, while IS3R.DE has yielded a comparatively lower 15.57% annualized return.
CNDX.L
- 1D
- -0.36%
- 1M
- 1.61%
- YTD
- 16.32%
- 6M
- 15.48%
- 1Y
- 36.18%
- 3Y*
- 27.08%
- 5Y*
- 16.76%
- 10Y*
- 21.32%
IS3R.DE
- 1D
- -0.90%
- 1M
- 5.23%
- YTD
- 21.08%
- 6M
- 22.11%
- 1Y
- 33.96%
- 3Y*
- 29.48%
- 5Y*
- 13.60%
- 10Y*
- 15.57%
CNDX.L vs. IS3R.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNDX.L iShares NASDAQ 100 UCITS ETF | 16.32% | 19.75% | 26.42% | 56.22% | -33.49% | 27.92% | 48.25% | 37.96% | -1.08% | 31.91% |
IS3R.DE iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 21.08% | 22.35% | 30.07% | 11.51% | -18.36% | 14.68% | 27.79% | 28.72% | -4.44% | 32.48% |
Correlation
The correlation between CNDX.L and IS3R.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2014 | 0.78 |
The correlation between CNDX.L and IS3R.DE has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.
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Return for Risk
CNDX.L vs. IS3R.DE — Risk / Return Rank
CNDX.L
IS3R.DE
CNDX.L vs. IS3R.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (CNDX.L) and iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IS3R.DE). 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 | IS3R.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.33 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 2.91 | +0.37 |
| Martin ratioReturn relative to average drawdown | 11.72 | 12.19 | -0.47 |
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 | IS3R.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.25 | 1.87 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.73 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.06 | 0.86 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.80 | +0.23 |
Drawdowns
CNDX.L vs. IS3R.DE - Drawdown Comparison
The maximum CNDX.L drawdown since its inception was -35.21%, which is greater than IS3R.DE's maximum drawdown of -31.26%. Use the drawdown chart below to compare losses from any high point for CNDX.L and IS3R.DE.
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Drawdown Indicators
| CNDX.L | IS3R.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -31.26% | -3.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -11.54% | +0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -22.44% | -19.94% | -2.50% |
Max Drawdown (5Y)Largest decline over 5 years | -35.21% | -29.86% | -5.35% |
Max Drawdown (10Y)Largest decline over 10 years | -35.21% | -31.26% | -3.95% |
Current DrawdownCurrent decline from peak | -3.53% | -0.90% | -2.63% |
Average DrawdownAverage peak-to-trough decline | -5.13% | -6.13% | +1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 2.75% | +0.33% |
Volatility
CNDX.L vs. IS3R.DE - Volatility Comparison
The current volatility for iShares NASDAQ 100 UCITS ETF (CNDX.L) is 5.44%, while iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IS3R.DE) has a volatility of 6.32%. This indicates that CNDX.L experiences smaller price fluctuations and is considered to be less risky than IS3R.DE 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 | IS3R.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 6.32% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 15.44% | -3.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 17.97% | -1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.93% | 18.46% | +2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.09% | 17.89% | +2.20% |
CNDX.L vs. IS3R.DE - Expense Ratio Comparison
CNDX.L has a 0.33% expense ratio, which is higher than IS3R.DE's 0.25% expense ratio.
Dividends
CNDX.L vs. IS3R.DE - Dividend Comparison
Neither CNDX.L nor IS3R.DE has paid dividends to shareholders.
Frequently Asked Questions
CNDX.L and IS3R.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3R.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3R.DE is cheaper with a 0.25% expense ratio, compared with 0.33% for CNDX.L.
CNDX.L is categorized as Nasdaq-100, while IS3R.DE is Momentum. CNDX.L tracks NASDAQ-100 Index, while IS3R.DE tracks MSCI World Momentum Index. Their fees differ too: 0.33% for CNDX.L and 0.25% for IS3R.DE.
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