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

CNDX.L vs. IWDA.L

Last updated Jun 5, 2026

CNDX.L (iShares NASDAQ 100 UCITS ETF) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 10 years, CNDX.L returned 21.62%/yr vs 13.07%/yr for IWDA.L. A 0.78 correlation means they provide meaningful diversification when combined. CNDX.L charges 0.33%/yr vs 0.20%/yr for IWDA.L.

Performance

CNDX.L vs. IWDA.L - Performance Comparison

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

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Returns By Period

In the year-to-date period, CNDX.L achieves a 19.65% return, which is significantly higher than IWDA.L's 9.83% return. Over the past 10 years, CNDX.L has outperformed IWDA.L with an annualized return of 21.62%, while IWDA.L has yielded a comparatively lower 13.07% annualized return.

CNDX.L

1D
-0.66%
1M
6.81%
YTD
19.65%
6M
18.66%
1Y
39.29%
3Y*
27.98%
5Y*
17.61%
10Y*
21.62%

IWDA.L

1D
0.10%
1M
2.44%
YTD
9.83%
6M
10.80%
1Y
25.67%
3Y*
20.77%
5Y*
11.86%
10Y*
13.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
IWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		9.83%21.03%19.11%24.27%-18.11%22.19%16.06%27.13%-9.01%22.77%

Correlation

The correlation between CNDX.L and IWDA.L is 0.88, 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

0.88

Correlation (3Y)
Calculated over the trailing 3-year period

0.88

Correlation (5Y)
Calculated over the trailing 5-year period

0.89

Correlation (10Y)
Calculated over the trailing 10-year period

0.87

Correlation (All Time)
Calculated using the full available price history since Sep 23, 2010

0.78

The correlation between CNDX.L and IWDA.L shifts across timeframes, from 0.78 (all time) to 0.89 (5 years), reflecting how their relationship changes across market environments.

CNDX.L vs. IWDA.L - Sectors Allocation Comparison

Sectors
CNDX.L
IWDA.L

Technology

57.3%
32.9%

Communication Services

14.5%
9.3%

Consumer Cyclical

11.6%
8.8%

Consumer Defensive

6.9%
4.8%

Healthcare

3.8%
8.6%

Industrials

2.8%
9.7%

Utilities

1.3%
2.4%

Basic Materials

1.1%
2.8%

Energy

0.5%
3.9%

Financial Services

0.2%
14.9%

Real Estate

0.1%
1.2%

Technology

CNDX.L
57.3%
IWDA.L
32.9%

Communication Services

CNDX.L
14.5%
IWDA.L
9.3%

Consumer Cyclical

CNDX.L
11.6%
IWDA.L
8.8%

Consumer Defensive

CNDX.L
6.9%
IWDA.L
4.8%

Healthcare

CNDX.L
3.8%
IWDA.L
8.6%

Industrials

CNDX.L
2.8%
IWDA.L
9.7%

Utilities

CNDX.L
1.3%
IWDA.L
2.4%

Basic Materials

CNDX.L
1.1%
IWDA.L
2.8%

Energy

CNDX.L
0.5%
IWDA.L
3.9%

Financial Services

CNDX.L
0.2%
IWDA.L
14.9%

Real Estate

CNDX.L
0.1%
IWDA.L
1.2%

Compare stocks, funds, or ETFs

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iShares NASDAQ 100 UCITS ETF

iShares Core MSCI World UCITS ETF USD (Acc)

Often compared with CNDX.L:
CNDX.L vs. QQQCNDX.L vs. EQQQ.DECNDX.L vs. SXRV.DECNDX.L vs. CNX1.LCNDX.L vs. CSPX.LCNDX.L vs. EQQU.LCNDX.L vs. VWRA.L
Often compared with IWDA.L:
IWDA.L vs. VWCE.DEIWDA.L vs. SWDA.LIWDA.L vs. VWRP.LIWDA.L vs. VUAA.LIWDA.L vs. URTHIWDA.L vs. ACWI.LIWDA.L vs. SPY

Return for Risk

CNDX.L vs. IWDA.L — 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: 7575
Overall Rank
CNDX.L Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
CNDX.L Sortino Ratio Rank: 7979
Sortino Ratio Rank
CNDX.L Omega Ratio Rank: 7474
Omega Ratio Rank
CNDX.L Calmar Ratio Rank: 7373
Calmar Ratio Rank
CNDX.L Martin Ratio Rank: 7171
Martin Ratio Rank
IWDA.L
IWDA.L Risk / Return Rank: 6868
Overall Rank
IWDA.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IWDA.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IWDA.L Omega Ratio Rank: 6767
Omega Ratio Rank
IWDA.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
IWDA.L Martin Ratio Rank: 7272
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. IWDA.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 Core MSCI World UCITS ETF USD (Acc) (IWDA.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.

CNDX.LIWDA.LDifference
Sharpe ratioReturn per unit of total volatility
2.52
2.17

+0.35

Sortino ratioReturn per unit of downside risk
3.50
3.26

+0.25

Omega ratioGain probability vs. loss probability

1.43

1.40

+0.04

Calmar ratioReturn relative to maximum drawdown

3.61

3.11

+0.50

Martin ratioReturn relative to average drawdown

13.03

13.16

-0.13

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. IWDA.L - Sharpe Ratio Comparison

The current CNDX.L Sharpe Ratio is 2.52, which is comparable to the IWDA.L Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of CNDX.L and IWDA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CNDX.LIWDA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.52

2.17

+0.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.84

0.76

+0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.07

0.82

+0.26

Sharpe Ratio (All Time)

Calculated using the full available price history

1.12

0.79

+0.33

Drawdowns

CNDX.L vs. IWDA.L - Drawdown Comparison

The maximum CNDX.L drawdown since its inception was -35.17%, roughly equal to the maximum IWDA.L drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for CNDX.L and IWDA.L.

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Drawdown Indicators

CNDX.LIWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-35.17%

-34.11%

-1.06%

Max Drawdown (1Y)

Largest decline over 1 year

-11.00%

-8.31%

-2.69%

Max Drawdown (3Y)

Largest decline over 3 years

-22.44%

-16.94%

-5.50%

Max Drawdown (5Y)

Largest decline over 5 years

-35.17%

-25.88%

-9.29%

Max Drawdown (10Y)

Largest decline over 10 years

-35.17%

-34.11%

-1.06%

Current Drawdown

Current decline from peak

-0.76%

-0.43%

-0.33%

Average Drawdown

Average peak-to-trough decline

-5.30%

-4.44%

-0.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.07%

1.97%

+1.10%

Volatility

CNDX.L vs. IWDA.L - Volatility Comparison

iShares NASDAQ 100 UCITS ETF (CNDX.L) has a higher volatility of 4.90% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) at 3.40%. This indicates that CNDX.L's price experiences larger fluctuations and is considered to be riskier than IWDA.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.LIWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.90%

3.40%

+1.50%

Volatility (6M)

Calculated over the trailing 6-month period

11.88%

9.19%

+2.69%

Volatility (1Y)

Calculated over the trailing 1-year period

15.79%

11.93%

+3.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.87%

15.68%

+5.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.07%

15.91%

+4.16%

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

CNDX.L has a 0.33% expense ratio, which is higher than IWDA.L's 0.20% expense ratio.

Dividends

CNDX.L vs. IWDA.L - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
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%
IWDA.L
iShares Core MSCI World 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

CNDX.L and IWDA.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IWDA.L is cheaper with a 0.20% expense ratio, compared with 0.33% for CNDX.L.

CNDX.L is categorized as Nasdaq-100, while IWDA.L is Global Equities. CNDX.L tracks NASDAQ-100 Index, while IWDA.L tracks MSCI World Index (Net). Their fees differ too: 0.33% for CNDX.L and 0.20% for IWDA.L.

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