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

CNDX.L vs. VIOV

Last updated Jun 10, 2026

CNDX.L (iShares NASDAQ 100 UCITS ETF) and VIOV (Vanguard S&P Small-Cap 600 Value ETF) are both exchange-traded funds - CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while VIOV is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index. Both are passively managed. Over the past 10 years, CNDX.L returned 21.02%/yr vs 10.32%/yr for VIOV. At a 0.38 correlation, their price movements are largely independent. CNDX.L charges 0.33%/yr vs 0.10%/yr for VIOV.

Performance

CNDX.L vs. VIOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares NASDAQ 100 UCITS ETF (CNDX.L) and Vanguard S&P Small-Cap 600 Value ETF (VIOV). 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 13.47% return, which is significantly lower than VIOV's 16.68% return. Over the past 10 years, CNDX.L has outperformed VIOV with an annualized return of 21.02%, while VIOV has yielded a comparatively lower 10.32% annualized return.

CNDX.L

1D
-2.45%
1M
-0.89%
YTD
13.47%
6M
12.34%
1Y
32.47%
3Y*
26.03%
5Y*
16.08%
10Y*
21.02%

VIOV

1D
0.91%
1M
1.89%
YTD
16.68%
6M
16.52%
1Y
35.68%
3Y*
14.02%
5Y*
6.06%
10Y*
10.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CNDX.L vs. VIOV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CNDX.L
iShares NASDAQ 100 UCITS ETF		13.47%19.75%26.42%56.22%-33.49%27.92%48.25%37.96%-1.08%31.91%
VIOV
Vanguard S&P Small-Cap 600 Value ETF		16.68%6.63%7.44%15.36%-11.37%30.67%2.81%24.44%-12.85%11.54%

Correlation

The correlation between CNDX.L and VIOV is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.32

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

0.30

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

0.35

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

0.34

Correlation (All Time)
Calculated using the full available price history since Sep 15, 2010

0.38

CNDX.L vs. VIOV - Sectors Allocation Comparison

Sectors
CNDX.L
VIOV

Technology

57.9%
10.6%

Communication Services

14.5%
3.4%

Consumer Cyclical

11.6%
15.4%

Consumer Defensive

6.6%
3.8%

Healthcare

3.7%
7.5%

Industrials

2.8%
12.7%

Utilities

1.2%
1.9%

Basic Materials

1.0%
6.3%

Energy

0.5%
9.1%

Financial Services

0.2%
19.8%

Real Estate

0.1%
8.8%

Technology

CNDX.L
57.9%
VIOV
10.6%

Communication Services

CNDX.L
14.5%
VIOV
3.4%

Consumer Cyclical

CNDX.L
11.6%
VIOV
15.4%

Consumer Defensive

CNDX.L
6.6%
VIOV
3.8%

Healthcare

CNDX.L
3.7%
VIOV
7.5%

Industrials

CNDX.L
2.8%
VIOV
12.7%

Utilities

CNDX.L
1.2%
VIOV
1.9%

Basic Materials

CNDX.L
1.0%
VIOV
6.3%

Energy

CNDX.L
0.5%
VIOV
9.1%

Financial Services

CNDX.L
0.2%
VIOV
19.8%

Real Estate

CNDX.L
0.1%
VIOV
8.8%

Compare stocks, funds, or ETFs

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iShares NASDAQ 100 UCITS ETF

Vanguard S&P Small-Cap 600 Value ETF

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 VIOV:
VIOV vs. AVUVVIOV vs. VBRVIOV vs. VIOOVIOV vs. VIOGVIOV vs. IJSVIOV vs. VSIAXVIOV vs. SLYV

Return for Risk

CNDX.L vs. VIOV — 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: 6767
Overall Rank
CNDX.L Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
CNDX.L Sortino Ratio Rank: 7070
Sortino Ratio Rank
CNDX.L Omega Ratio Rank: 6565
Omega Ratio Rank
CNDX.L Calmar Ratio Rank: 6666
Calmar Ratio Rank
CNDX.L Martin Ratio Rank: 6565
Martin Ratio Rank
VIOV
VIOV Risk / Return Rank: 7171
Overall Rank
VIOV Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
VIOV Sortino Ratio Rank: 7070
Sortino Ratio Rank
VIOV Omega Ratio Rank: 6262
Omega Ratio Rank
VIOV Calmar Ratio Rank: 8282
Calmar Ratio Rank
VIOV Martin Ratio Rank: 7474
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. VIOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (CNDX.L) and Vanguard S&P Small-Cap 600 Value ETF (VIOV). 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.LVIOVDifference
Sharpe ratioReturn per unit of total volatility
1.99
1.95

+0.04

Sortino ratioReturn per unit of downside risk
2.79
2.80

-0.01

Omega ratioGain probability vs. loss probability

1.34

1.33

+0.01

Calmar ratioReturn relative to maximum drawdown

2.94

3.84

-0.90

Martin ratioReturn relative to average drawdown

10.44

12.50

-2.06

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. VIOV - Sharpe Ratio Comparison

The current CNDX.L Sharpe Ratio is 1.99, which is comparable to the VIOV Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of CNDX.L and VIOV, 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.LVIOVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.99

1.95

+0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.77

0.28

+0.49

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.04

0.43

+0.61

Sharpe Ratio (All Time)

Calculated using the full available price history

1.02

0.53

+0.49

Drawdowns

CNDX.L vs. VIOV - Drawdown Comparison

The maximum CNDX.L drawdown since its inception was -35.21%, smaller than the maximum VIOV drawdown of -47.36%. Use the drawdown chart below to compare losses from any high point for CNDX.L and VIOV.

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Drawdown Indicators

CNDX.LVIOVDifference

Max Drawdown

Largest peak-to-trough decline

-35.21%

-47.36%

+12.15%

Max Drawdown (1Y)

Largest decline over 1 year

-11.00%

-9.33%

-1.67%

Max Drawdown (3Y)

Largest decline over 3 years

-22.44%

-28.44%

+6.00%

Max Drawdown (5Y)

Largest decline over 5 years

-35.21%

-28.44%

-6.77%

Max Drawdown (10Y)

Largest decline over 10 years

-35.21%

-47.36%

+12.15%

Current Drawdown

Current decline from peak

-5.89%

-0.09%

-5.80%

Average Drawdown

Average peak-to-trough decline

-5.13%

-7.37%

+2.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.10%

2.86%

+0.24%

Volatility

CNDX.L vs. VIOV - Volatility Comparison

iShares NASDAQ 100 UCITS ETF (CNDX.L) has a higher volatility of 5.93% compared to Vanguard S&P Small-Cap 600 Value ETF (VIOV) at 4.85%. This indicates that CNDX.L's price experiences larger fluctuations and is considered to be riskier than VIOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CNDX.LVIOVDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.93%

4.85%

+1.08%

Volatility (6M)

Calculated over the trailing 6-month period

12.40%

11.74%

+0.66%

Volatility (1Y)

Calculated over the trailing 1-year period

16.22%

18.43%

-2.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.96%

21.96%

-1.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.11%

23.89%

-3.78%

CNDX.L vs. VIOV - Expense Ratio Comparison

CNDX.L has a 0.33% expense ratio, which is higher than VIOV's 0.10% expense ratio.

Dividends

CNDX.L vs. VIOV - Dividend Comparison

CNDX.L has not paid dividends to shareholders, while VIOV's dividend yield for the trailing twelve months is around 1.57%.

PositionTTM20252024202320222021202020192018201720162015
CNDX.L
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%
VIOV
Vanguard S&P Small-Cap 600 Value ETF		1.57%1.69%1.78%2.18%1.81%1.59%1.42%1.60%1.76%1.43%1.17%1.32%

Frequently Asked Questions

CNDX.L and VIOV have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VIOV is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VIOV is cheaper with a 0.10% expense ratio, compared with 0.33% for CNDX.L.

CNDX.L is categorized as Nasdaq-100, while VIOV is Small Cap Value Equities. CNDX.L tracks NASDAQ-100 Index, while VIOV tracks S&P SmallCap 600 Value Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.33% for CNDX.L and 0.10% for VIOV.

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