CNX1.L vs. 6AQQ.DE
CNX1.L (iShares NASDAQ 100 UCITS ETF USD (Acc)) and 6AQQ.DE (Amundi Nasdaq 100 UCITS ETF EUR) are both Nasdaq-100 funds - CNX1.L tracks the NASDAQ-100 Index while 6AQQ.DE tracks the Nasdaq 100®. Both are passively managed. Over the past 10 years, CNX1.L returned 22.21%/yr vs 22.60%/yr for 6AQQ.DE. Their correlation of 0.92 suggests significant overlap in exposure. CNX1.L charges 0.36%/yr vs 0.23%/yr for 6AQQ.DE.
Performance
CNX1.L vs. 6AQQ.DE - Performance Comparison
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Different Trading Currencies
CNX1.L is traded in GBp, while 6AQQ.DE is traded in EUR. To make them comparable, the 6AQQ.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CNX1.L achieves a 17.33% return, which is significantly lower than 6AQQ.DE's 19.65% return. Both investments have delivered pretty close results over the past 10 years, with CNX1.L having a 22.21% annualized return and 6AQQ.DE not far ahead at 22.60%.
CNX1.L
- 1D
- -0.16%
- 1M
- 3.85%
- YTD
- 17.33%
- 6M
- 15.28%
- 1Y
- 38.06%
- 3Y*
- 24.63%
- 5Y*
- 18.10%
- 10Y*
- 22.21%
6AQQ.DE
- 1D
- -0.77%
- 1M
- 5.95%
- YTD
- 19.65%
- 6M
- 17.69%
- 1Y
- 41.11%
- 3Y*
- 24.85%
- 5Y*
- 19.03%
- 10Y*
- 22.60%
CNX1.L vs. 6AQQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNX1.L iShares NASDAQ 100 UCITS ETF USD (Acc) | 17.33% | 11.57% | 28.51% | 47.71% | -25.53% | 29.50% | 43.24% | 33.63% | 4.62% | 20.13% |
6AQQ.DE Amundi Nasdaq 100 UCITS ETF EUR | 19.65% | 12.65% | 27.94% | 48.51% | -26.12% | 29.77% | 42.33% | 35.47% | 4.68% | 20.85% |
Correlation
The correlation between CNX1.L and 6AQQ.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2010 | 0.92 |
The correlation between CNX1.L and 6AQQ.DE has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
CNX1.L vs. 6AQQ.DE — Risk / Return Rank
CNX1.L
6AQQ.DE
CNX1.L vs. 6AQQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) and Amundi Nasdaq 100 UCITS ETF EUR (6AQQ.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.
| CNX1.L | 6AQQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.47 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 3.75 | -0.32 |
| Martin ratioReturn relative to average drawdown | 10.12 | 10.89 | -0.78 |
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
| CNX1.L | 6AQQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.55 | 2.73 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.97 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 1.15 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 1.11 | -1.08 |
Drawdowns
CNX1.L vs. 6AQQ.DE - Drawdown Comparison
The maximum CNX1.L drawdown since its inception was -27.56%, roughly equal to the maximum 6AQQ.DE drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for CNX1.L and 6AQQ.DE.
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Drawdown Indicators
| CNX1.L | 6AQQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.56% | -27.56% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -11.02% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -24.56% | -25.16% | +0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -27.56% | -27.56% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | -27.56% | -27.56% | 0.00% |
Current DrawdownCurrent decline from peak | -2.72% | -0.77% | -1.95% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -4.54% | -0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 3.81% | -0.06% |
Volatility
CNX1.L vs. 6AQQ.DE - Volatility Comparison
iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) and Amundi Nasdaq 100 UCITS ETF EUR (6AQQ.DE) have volatilities of 4.62% and 4.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNX1.L | 6AQQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 4.65% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.57% | 10.67% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.87% | 15.15% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.27% | 19.40% | +10.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.50% | 19.57% | +5.93% |
CNX1.L vs. 6AQQ.DE - Expense Ratio Comparison
CNX1.L has a 0.36% expense ratio, which is higher than 6AQQ.DE's 0.23% expense ratio.
Dividends
CNX1.L vs. 6AQQ.DE - Dividend Comparison
Neither CNX1.L nor 6AQQ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, CNX1.L and 6AQQ.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, 6AQQ.DE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
6AQQ.DE is cheaper with a 0.23% expense ratio, compared with 0.36% for CNX1.L.
CNX1.L tracks NASDAQ-100 Index, while 6AQQ.DE tracks Nasdaq 100®. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.36% for CNX1.L and 0.23% for 6AQQ.DE.
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