CNDX.L vs. QDVB.DE
CNDX.L (iShares NASDAQ 100 UCITS ETF) and QDVB.DE (iShares Edge MSCI USA Quality Factor UCITS ETF) are both exchange-traded funds - CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while QDVB.DE is a Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality. Both are passively managed. Over the past 5 years, CNDX.L returned 16.76%/yr vs 11.91%/yr for QDVB.DE. A 0.79 correlation means they provide meaningful diversification when combined. CNDX.L charges 0.33%/yr vs 0.20%/yr for QDVB.DE.
Performance
CNDX.L vs. QDVB.DE - Performance Comparison
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Different Trading Currencies
CNDX.L is traded in USD, while QDVB.DE is traded in EUR. To make them comparable, the QDVB.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 higher than QDVB.DE's 8.56% 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%
QDVB.DE
- 1D
- 0.83%
- 1M
- 2.96%
- YTD
- 8.56%
- 6M
- 9.65%
- 1Y
- 21.55%
- 3Y*
- 19.68%
- 5Y*
- 11.91%
- 10Y*
- —
CNDX.L vs. QDVB.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% |
QDVB.DE iShares Edge MSCI USA Quality Factor UCITS ETF | 8.56% | 13.30% | 21.95% | 30.56% | -21.10% | 28.08% | 15.66% | 34.35% | -7.22% | 22.34% |
Correlation
The correlation between CNDX.L and QDVB.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2016 | 0.79 |
The correlation between CNDX.L and QDVB.DE has been stable across timeframes, ranging from 0.74 to 0.83 - a consistent structural relationship.
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Return for Risk
CNDX.L vs. QDVB.DE — Risk / Return Rank
CNDX.L
QDVB.DE
CNDX.L vs. QDVB.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 USA Quality Factor UCITS ETF (QDVB.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 | QDVB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.34 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 2.63 | +0.64 |
| Martin ratioReturn relative to average drawdown | 11.72 | 11.10 | +0.62 |
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 | QDVB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.25 | 1.91 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.72 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.86 | +0.17 |
Drawdowns
CNDX.L vs. QDVB.DE - Drawdown Comparison
The maximum CNDX.L drawdown since its inception was -35.21%, roughly equal to the maximum QDVB.DE drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for CNDX.L and QDVB.DE.
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Drawdown Indicators
| CNDX.L | QDVB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -33.77% | -1.44% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -8.25% | -2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -22.44% | -19.00% | -3.44% |
Max Drawdown (5Y)Largest decline over 5 years | -35.21% | -27.87% | -7.34% |
Max Drawdown (10Y)Largest decline over 10 years | -35.21% | — | — |
Current DrawdownCurrent decline from peak | -3.53% | 0.00% | -3.53% |
Average DrawdownAverage peak-to-trough decline | -5.13% | -4.95% | -0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 1.96% | +1.12% |
Volatility
CNDX.L vs. QDVB.DE - Volatility Comparison
iShares NASDAQ 100 UCITS ETF (CNDX.L) has a higher volatility of 5.44% compared to iShares Edge MSCI USA Quality Factor UCITS ETF (QDVB.DE) at 2.46%. This indicates that CNDX.L's price experiences larger fluctuations and is considered to be riskier than QDVB.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 | QDVB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 2.46% | +2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 7.98% | +4.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 11.36% | +4.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.93% | 16.32% | +4.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.09% | 16.72% | +3.37% |
CNDX.L vs. QDVB.DE - Expense Ratio Comparison
CNDX.L has a 0.33% expense ratio, which is higher than QDVB.DE's 0.20% expense ratio.
Dividends
CNDX.L vs. QDVB.DE - Dividend Comparison
Neither CNDX.L nor QDVB.DE has paid dividends to shareholders.
Frequently Asked Questions
CNDX.L and QDVB.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVB.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVB.DE is cheaper with a 0.20% expense ratio, compared with 0.33% for CNDX.L.
CNDX.L is categorized as Nasdaq-100, while QDVB.DE is Large Cap Blend Equities. CNDX.L tracks NASDAQ-100 Index, while QDVB.DE tracks MSCI USA Sector Neutral Quality. Their fees differ too: 0.33% for CNDX.L and 0.20% for QDVB.DE.
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