CNDX.L vs. NQSE.DE
CNDX.L (iShares NASDAQ 100 UCITS ETF) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both Nasdaq-100 funds from iShares tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, CNDX.L returned 17.61%/yr vs 13.85%/yr for NQSE.DE. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.33% expense ratio.
Performance
CNDX.L vs. NQSE.DE - Performance Comparison
Loading charts...
Different Trading Currencies
CNDX.L is traded in USD, while NQSE.DE is traded in EUR. To make them comparable, the NQSE.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 19.65% return, which is significantly higher than NQSE.DE's 16.46% 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%
NQSE.DE
- 1D
- -0.65%
- 1M
- 7.58%
- YTD
- 16.46%
- 6M
- 17.21%
- 1Y
- 39.08%
- 3Y*
- 28.69%
- 5Y*
- 13.85%
- 10Y*
- —
CNDX.L vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CNDX.L iShares NASDAQ 100 UCITS ETF | 19.65% | 19.75% | 26.45% | 56.31% | -33.45% | 27.96% | 48.33% | 38.07% | -14.60% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 16.45% | 33.39% | 16.98% | 56.90% | -39.80% | 17.32% | 59.42% | 32.80% | -17.07% |
Correlation
The correlation between CNDX.L and NQSE.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2018 | 0.89 |
The correlation between CNDX.L and NQSE.DE has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CNDX.L vs. NQSE.DE — Risk / Return Rank
CNDX.L
NQSE.DE
CNDX.L vs. NQSE.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 NASDAQ 100 UCITS ETF (NQSE.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 | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.35 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 2.56 | +1.05 |
| Martin ratioReturn relative to average drawdown | 13.03 | 9.35 | +3.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CNDX.L | NQSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 2.17 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.58 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.74 | +0.38 |
Drawdowns
CNDX.L vs. NQSE.DE - Drawdown Comparison
The maximum CNDX.L drawdown since its inception was -35.17%, smaller than the maximum NQSE.DE drawdown of -46.26%. Use the drawdown chart below to compare losses from any high point for CNDX.L and NQSE.DE.
Loading charts...
Drawdown Indicators
| CNDX.L | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.17% | -46.26% | +11.09% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -15.22% | +4.22% |
Max Drawdown (3Y)Largest decline over 3 years | -22.44% | -19.28% | -3.16% |
Max Drawdown (5Y)Largest decline over 5 years | -35.17% | -46.26% | +11.09% |
Max Drawdown (10Y)Largest decline over 10 years | -35.17% | — | — |
Current DrawdownCurrent decline from peak | -0.76% | -1.00% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -10.26% | +4.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 4.17% | -1.10% |
Volatility
CNDX.L vs. NQSE.DE - Volatility Comparison
The current volatility for iShares NASDAQ 100 UCITS ETF (CNDX.L) is 4.90%, while iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a volatility of 5.20%. This indicates that CNDX.L experiences smaller price fluctuations and is considered to be less risky than NQSE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CNDX.L | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 5.20% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 11.88% | 13.52% | -1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.79% | 17.90% | -2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.87% | 23.79% | -2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.07% | 23.90% | -3.83% |
CNDX.L vs. NQSE.DE - Expense Ratio Comparison
Both CNDX.L and NQSE.DE have an expense ratio of 0.33%.
Dividends
CNDX.L vs. NQSE.DE - Dividend Comparison
Neither CNDX.L nor NQSE.DE 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% |
NQSE.DE 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% |
Frequently Asked Questions
With a correlation of 0.92, CNDX.L and NQSE.DE 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.
Both ETFs have the same 0.33% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CNDX.L and NQSE.DE have the same expense ratio: 0.33% per year.
Both ETFs track NASDAQ-100 Index.
Find the right allocation for CNDX.L and NQSE.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer