CNDX.L vs. SXR8.DE
CNDX.L (iShares NASDAQ 100 UCITS ETF) and SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while SXR8.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, CNDX.L returned 21.60%/yr vs 15.23%/yr for SXR8.DE. A 0.79 correlation means they provide meaningful diversification when combined. CNDX.L charges 0.33%/yr vs 0.07%/yr for SXR8.DE.
Performance
CNDX.L vs. SXR8.DE - Performance Comparison
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Different Trading Currencies
CNDX.L is traded in USD, while SXR8.DE is traded in EUR. To make them comparable, the SXR8.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 16.86% return, which is significantly higher than SXR8.DE's 8.26% return. Over the past 10 years, CNDX.L has outperformed SXR8.DE with an annualized return of 21.60%, while SXR8.DE has yielded a comparatively lower 15.23% 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%
SXR8.DE
- 1D
- 1.45%
- 1M
- 0.37%
- YTD
- 8.26%
- 6M
- 9.37%
- 1Y
- 24.39%
- 3Y*
- 20.71%
- 5Y*
- 13.20%
- 10Y*
- 15.23%
CNDX.L vs. SXR8.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% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 8.26% | 18.24% | 24.75% | 26.34% | -19.03% | 29.64% | 17.24% | 31.65% | -5.70% | 21.76% |
Correlation
The correlation between CNDX.L and SXR8.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2010 | 0.79 |
The correlation between CNDX.L and SXR8.DE has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.
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Return for Risk
CNDX.L vs. SXR8.DE — Risk / Return Rank
CNDX.L
SXR8.DE
CNDX.L vs. SXR8.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 Core S&P 500 UCITS ETF USD (Acc) (SXR8.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 | SXR8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.36 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 2.83 | +0.41 |
| Martin ratioReturn relative to average drawdown | 11.35 | 11.70 | -0.35 |
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Drawdowns
CNDX.L vs. SXR8.DE - Drawdown Comparison
The maximum CNDX.L drawdown since its inception was -35.21%, roughly equal to the maximum SXR8.DE drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for CNDX.L and SXR8.DE.
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Drawdown Indicators
| CNDX.L | SXR8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -34.26% | -0.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -8.57% | -2.43% |
Max Drawdown (3Y)Largest decline over 3 years | -22.44% | -19.47% | -2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -35.21% | -24.36% | -10.85% |
Max Drawdown (10Y)Largest decline over 10 years | -35.21% | -34.26% | -0.95% |
Current DrawdownCurrent decline from peak | -3.08% | -2.26% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -5.13% | -5.49% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.08% | +1.07% |
Volatility
CNDX.L vs. SXR8.DE - Volatility Comparison
iShares NASDAQ 100 UCITS ETF (CNDX.L) has a higher volatility of 6.21% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) at 3.34%. This indicates that CNDX.L's price experiences larger fluctuations and is considered to be riskier than SXR8.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 | SXR8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.21% | 3.34% | +2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 12.72% | 8.46% | +4.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.44% | 11.81% | +4.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.99% | 15.91% | +5.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.12% | 16.34% | +3.78% |
CNDX.L vs. SXR8.DE - Expense Ratio Comparison
CNDX.L has a 0.33% expense ratio, which is higher than SXR8.DE's 0.07% expense ratio.
Dividends
CNDX.L vs. SXR8.DE - Dividend Comparison
Neither CNDX.L nor SXR8.DE has paid dividends to shareholders.
Frequently Asked Questions
CNDX.L and SXR8.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR8.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR8.DE is cheaper with a 0.07% expense ratio, compared with 0.33% for CNDX.L.
CNDX.L is categorized as Nasdaq-100, while SXR8.DE is S&P 500. CNDX.L tracks NASDAQ-100 Index, while SXR8.DE tracks S&P 500 Index. Their fees differ too: 0.33% for CNDX.L and 0.07% for SXR8.DE.
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