CNDX.L vs. VVSM.DE
CNDX.L (iShares NASDAQ 100 UCITS ETF) and VVSM.DE (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index. Both are passively managed. Over the past 5 years, CNDX.L returned 16.08%/yr vs 35.05%/yr for VVSM.DE. Their correlation of 0.82 suggests significant overlap in exposure. CNDX.L charges 0.33%/yr vs 0.35%/yr for VVSM.DE.
Performance
CNDX.L vs. VVSM.DE - Performance Comparison
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Different Trading Currencies
CNDX.L is traded in USD, while VVSM.DE is traded in EUR. To make them comparable, the VVSM.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 13.47% return, which is significantly lower than VVSM.DE's 71.32% 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%
VVSM.DE
- 1D
- -3.42%
- 1M
- 5.13%
- YTD
- 71.32%
- 6M
- 69.76%
- 1Y
- 145.93%
- 3Y*
- 56.71%
- 5Y*
- 35.05%
- 10Y*
- —
CNDX.L vs. VVSM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CNDX.L iShares NASDAQ 100 UCITS ETF | 13.47% | 19.75% | 26.42% | 56.22% | -33.49% | 27.92% | 5.98% |
VVSM.DE VanEck Semiconductor UCITS ETF | 71.32% | 50.40% | 23.95% | 75.57% | -36.50% | 45.89% | -14.19% |
Correlation
The correlation between CNDX.L and VVSM.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020 | 0.82 |
The correlation between CNDX.L and VVSM.DE has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.
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Return for Risk
CNDX.L vs. VVSM.DE — Risk / Return Rank
CNDX.L
VVSM.DE
CNDX.L vs. VVSM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (CNDX.L) and VanEck Semiconductor UCITS ETF (VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.59 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 10.36 | -7.42 |
| Martin ratioReturn relative to average drawdown | 10.44 | 37.27 | -26.83 |
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 | VVSM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 4.38 | -2.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 1.07 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.93 | +0.08 |
Drawdowns
CNDX.L vs. VVSM.DE - Drawdown Comparison
The maximum CNDX.L drawdown since its inception was -35.21%, smaller than the maximum VVSM.DE drawdown of -45.83%. Use the drawdown chart below to compare losses from any high point for CNDX.L and VVSM.DE.
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Drawdown Indicators
| CNDX.L | VVSM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -45.83% | +10.62% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -14.00% | +3.00% |
Max Drawdown (3Y)Largest decline over 3 years | -22.44% | -36.86% | +14.42% |
Max Drawdown (5Y)Largest decline over 5 years | -35.21% | -45.83% | +10.62% |
Max Drawdown (10Y)Largest decline over 10 years | -35.21% | — | — |
Current DrawdownCurrent decline from peak | -5.89% | -9.30% | +3.41% |
Average DrawdownAverage peak-to-trough decline | -5.13% | -11.72% | +6.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 3.90% | -0.80% |
Volatility
CNDX.L vs. VVSM.DE - Volatility Comparison
The current volatility for iShares NASDAQ 100 UCITS ETF (CNDX.L) is 5.93%, while VanEck Semiconductor UCITS ETF (VVSM.DE) has a volatility of 13.95%. This indicates that CNDX.L experiences smaller price fluctuations and is considered to be less risky than VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 13.95% | -8.02% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 26.36% | -13.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.22% | 33.14% | -16.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.96% | 32.47% | -11.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.11% | 32.93% | -12.82% |
CNDX.L vs. VVSM.DE - Expense Ratio Comparison
CNDX.L has a 0.33% expense ratio, which is lower than VVSM.DE's 0.35% expense ratio.
Dividends
CNDX.L vs. VVSM.DE - Dividend Comparison
Neither CNDX.L nor VVSM.DE has paid dividends to shareholders.
Frequently Asked Questions
CNDX.L and VVSM.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNDX.L is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNDX.L is cheaper with a 0.33% expense ratio, compared with 0.35% for VVSM.DE.
CNDX.L is categorized as Nasdaq-100, while VVSM.DE is Semiconductors. CNDX.L tracks NASDAQ-100 Index, while VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.33% for CNDX.L and 0.35% for VVSM.DE.
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