CNX1.L vs. EQQQ.L
Compare and contrast key facts about iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L).
CNX1.L and EQQQ.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CNX1.L is a passively managed fund by iShares that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 26, 2010. EQQQ.L is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Dec 2, 2002. Both CNX1.L and EQQQ.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNX1.L or EQQQ.L.
Performance
CNX1.L vs. EQQQ.L - Performance Comparison
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with CNX1.L at 22.53% and EQQQ.L at 22.53%. Both investments have delivered pretty close results over the past 10 years, with CNX1.L having a 20.21% annualized return and EQQQ.L not far ahead at 20.24%.
CNX1.L
22.53%
3.91%
11.09%
27.88%
20.74%
20.21%
EQQQ.L
22.53%
3.92%
11.07%
27.84%
20.75%
20.24%
Key characteristics
| CNX1.L | EQQQ.L | |
|---|---|---|
| Sharpe Ratio | 1.74 | 1.75 |
| Sortino Ratio | 2.39 | 2.40 |
| Omega Ratio | 1.32 | 1.32 |
| Calmar Ratio | 2.27 | 2.29 |
| Martin Ratio | 6.87 | 6.89 |
| Ulcer Index | 4.06% | 4.04% |
| Daily Std Dev | 15.96% | 15.90% |
| Max Drawdown | -27.56% | -33.75% |
| Current Drawdown | -2.05% | -2.09% |
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CNX1.L vs. EQQQ.L - Expense Ratio Comparison
CNX1.L has a 0.36% expense ratio, which is higher than EQQQ.L's 0.30% expense ratio.
Correlation
The correlation between CNX1.L and EQQQ.L is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
CNX1.L vs. EQQQ.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L). 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.
Dividends
CNX1.L vs. EQQQ.L - Dividend Comparison
CNX1.L has not paid dividends to shareholders, while EQQQ.L's dividend yield for the trailing twelve months is around 0.39%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNX1.L iShares NASDAQ 100 UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EQQQ.L Invesco EQQQ NASDAQ-100 UCITS ETF | 0.39% | 0.39% | 0.56% | 0.25% | 0.41% | 0.56% | 0.63% | 0.67% | 0.77% | 0.72% | 1.01% | 0.95% |
Drawdowns
CNX1.L vs. EQQQ.L - Drawdown Comparison
The maximum CNX1.L drawdown since its inception was -27.56%, smaller than the maximum EQQQ.L drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for CNX1.L and EQQQ.L. For additional features, visit the drawdowns tool.
Volatility
CNX1.L vs. EQQQ.L - Volatility Comparison
iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) have volatilities of 4.94% and 4.96%, 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.