CNDX.L vs. QDVE.DE
CNDX.L (iShares NASDAQ 100 UCITS ETF) and QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) are both exchange-traded funds - CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while QDVE.DE is a Technology Equities fund tracking the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 10 years, CNDX.L returned 21.60%/yr vs 26.01%/yr for QDVE.DE. Their correlation of 0.89 suggests significant overlap in exposure. CNDX.L charges 0.33%/yr vs 0.15%/yr for QDVE.DE.
Performance
CNDX.L vs. QDVE.DE - Performance Comparison
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Different Trading Currencies
CNDX.L is traded in USD, while QDVE.DE is traded in EUR. To make them comparable, the QDVE.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with CNDX.L having a 16.86% return and QDVE.DE slightly higher at 17.00%. Over the past 10 years, CNDX.L has underperformed QDVE.DE with an annualized return of 21.60%, while QDVE.DE has yielded a comparatively higher 26.01% annualized return.
CNDX.L
- 1D
- 3.01%
- 1M
- 1.60%
- YTD
- 16.86%
- 6M
- 18.12%
- 1Y
- 35.84%
- 3Y*
- 26.24%
- 5Y*
- 16.67%
- 10Y*
- 21.60%
QDVE.DE
- 1D
- 2.41%
- 1M
- 1.33%
- YTD
- 17.00%
- 6M
- 19.03%
- 1Y
- 42.33%
- 3Y*
- 31.42%
- 5Y*
- 22.64%
- 10Y*
- 26.01%
CNDX.L vs. QDVE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNDX.L iShares NASDAQ 100 UCITS ETF | 16.86% | 19.75% | 26.42% | 56.22% | -33.49% | 27.92% | 48.25% | 37.96% | -1.08% | 31.91% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 17.00% | 24.19% | 37.73% | 59.04% | -29.90% | 35.16% | 42.34% | 50.64% | -1.76% | 37.99% |
Correlation
The correlation between CNDX.L and QDVE.DE 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 | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2015 | 0.89 |
The correlation between CNDX.L and QDVE.DE has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.
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Return for Risk
CNDX.L vs. QDVE.DE — Risk / Return Rank
CNDX.L
QDVE.DE
CNDX.L vs. QDVE.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 S&P 500 Information Technology Sector UCITS ETF (QDVE.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.
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 | QDVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.33 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 2.56 | +0.69 |
| Martin ratioReturn relative to average drawdown | 11.35 | 7.56 | +3.78 |
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Drawdowns
CNDX.L vs. QDVE.DE - Drawdown Comparison
The maximum CNDX.L drawdown since its inception was -35.21%, roughly equal to the maximum QDVE.DE drawdown of -33.59%. Use the drawdown chart below to compare losses from any high point for CNDX.L and QDVE.DE.
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Drawdown Indicators
| CNDX.L | QDVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -33.59% | -1.62% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -16.48% | +5.48% |
Max Drawdown (3Y)Largest decline over 3 years | -22.44% | -26.14% | +3.70% |
Max Drawdown (5Y)Largest decline over 5 years | -35.21% | -33.59% | -1.62% |
Max Drawdown (10Y)Largest decline over 10 years | -35.21% | -33.59% | -1.62% |
Current DrawdownCurrent decline from peak | -3.08% | -7.66% | +4.58% |
Average DrawdownAverage peak-to-trough decline | -5.13% | -5.95% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 5.58% | -2.43% |
Volatility
CNDX.L vs. QDVE.DE - Volatility Comparison
The current volatility for iShares NASDAQ 100 UCITS ETF (CNDX.L) is 6.21%, while iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) has a volatility of 8.28%. This indicates that CNDX.L experiences smaller price fluctuations and is considered to be less risky than QDVE.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 | QDVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.21% | 8.28% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 12.72% | 16.00% | -3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.44% | 20.96% | -4.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.99% | 23.50% | -2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.12% | 22.06% | -1.94% |
CNDX.L vs. QDVE.DE - Expense Ratio Comparison
CNDX.L has a 0.33% expense ratio, which is higher than QDVE.DE's 0.15% expense ratio.
Dividends
CNDX.L vs. QDVE.DE - Dividend Comparison
Neither CNDX.L nor QDVE.DE has paid dividends to shareholders.
Frequently Asked Questions
CNDX.L and QDVE.DE 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, QDVE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVE.DE is cheaper with a 0.15% expense ratio, compared with 0.33% for CNDX.L.
CNDX.L is categorized as Nasdaq-100, while QDVE.DE is Technology Equities. CNDX.L tracks NASDAQ-100 Index, while QDVE.DE tracks S&P 500 Capped 35/20 Information Technology Index. Their fees differ too: 0.33% for CNDX.L and 0.15% for QDVE.DE.
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