CNX1.L vs. FKMCX

Last updated Jun 5, 2026

CNX1.L (iShares NASDAQ 100 UCITS ETF USD (Acc)) and FKMCX (Fidelity Mid-Cap Stock Fund Class K) are both funds - CNX1.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while FKMCX is a Mid Cap Blend Equities fund managed by Fidelity. Over the past 10 years, CNX1.L returned 22.43%/yr vs 13.24%/yr for FKMCX. At a 0.45 correlation, their price movements are largely independent. CNX1.L charges 0.36%/yr vs 0.76%/yr for FKMCX.

Performance

CNX1.L vs. FKMCX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) and Fidelity Mid-Cap Stock Fund Class K (FKMCX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CNX1.L is traded in GBp, while FKMCX is traded in USD. To make them comparable, the FKMCX values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with CNX1.L having a 19.85% return and FKMCX slightly lower at 18.93%. Over the past 10 years, CNX1.L has outperformed FKMCX with an annualized return of 22.43%, while FKMCX has yielded a comparatively lower 13.24% annualized return.

CNX1.L

• 1D: -0.63%
• 1M: 8.17%
• YTD: 19.85%
• 6M: 17.68%
• 1Y: 40.87%
• 3Y*: 24.68%
• 5Y*: 18.83%
• 10Y*: 22.43%

FKMCX

• 1D: 0.50%
• 1M: 2.45%
• YTD: 18.93%
• 6M: 18.18%
• 1Y: 34.37%
• 3Y*: 16.26%
• 5Y*: 11.75%
• 10Y*: 13.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CNX1.L vs. FKMCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CNX1.L iShares NASDAQ 100 UCITS ETF USD (Acc)	19.85%	11.57%	28.51%	47.71%	-25.53%	29.50%	43.24%	33.63%	4.62%	20.13%
FKMCX Fidelity Mid-Cap Stock Fund Class K	18.93%	3.90%	16.66%	5.56%	4.85%	29.94%	8.29%	20.73%	-4.88%	7.82%

Correlation

The correlation between CNX1.L and FKMCX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Sep 16, 2010	0.45

The correlation between CNX1.L and FKMCX shifts across timeframes, from 0.34 (3 years) to 0.45 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CNX1.L vs. FKMCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CNX1.L

CNX1.L Risk / Return Rank: 78
CNX1.L Sharpe Ratio Rank: 86
CNX1.L Sortino Ratio Rank: 84
CNX1.L Omega Ratio Rank: 83
CNX1.L Calmar Ratio Rank: 76
CNX1.L Martin Ratio Rank: 62

FKMCX

FKMCX Risk / Return Rank: 65
FKMCX Sharpe Ratio Rank: 55
FKMCX Sortino Ratio Rank: 54
FKMCX Omega Ratio Rank: 50
FKMCX Calmar Ratio Rank: 85
FKMCX Martin Ratio Rank: 83

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.

CNX1.L vs. FKMCX - 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 Fidelity Mid-Cap Stock Fund Class K (FKMCX). 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	FKMCX	Difference
Sharpe ratio: Return per unit of total volatility	2.82	2.31	+0.51
Sortino ratio: Return per unit of downside risk	3.72	3.13	+0.59
Omega ratio: Gain probability vs. loss probability	1.50	1.41	+0.09
Calmar ratio: Return relative to maximum drawdown	3.76	4.58	-0.82
Martin ratio: Return relative to average drawdown	11.10	16.51	-5.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CNX1.L vs. FKMCX - Sharpe Ratio Comparison

The current CNX1.L Sharpe Ratio is 2.82, which is comparable to the FKMCX Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of CNX1.L and FKMCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CNX1.L	FKMCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.82	2.31	+0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	0.71	+0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.16	0.73	+0.43
Sharpe Ratio (All Time) Calculated using the full available price history	1.14	0.62	+0.52

Drawdowns

CNX1.L vs. FKMCX - Drawdown Comparison

The maximum CNX1.L drawdown since its inception was -27.56%, smaller than the maximum FKMCX drawdown of -46.20%. Use the drawdown chart below to compare losses from any high point for CNX1.L and FKMCX.

Drawdown Indicators

	CNX1.L	FKMCX	Difference
Max Drawdown Largest peak-to-trough decline	-27.56%	-46.20%	+18.64%
Max Drawdown (1Y) Largest decline over 1 year	-11.03%	-7.51%	-3.52%
Max Drawdown (3Y) Largest decline over 3 years	-24.56%	-24.27%	-0.29%
Max Drawdown (5Y) Largest decline over 5 years	-27.56%	-24.27%	-3.29%
Max Drawdown (10Y) Largest decline over 10 years	-27.56%	-33.64%	+6.08%
Current Drawdown Current decline from peak	-0.63%	0.00%	-0.63%
Average Drawdown Average peak-to-trough decline	-4.57%	-6.33%	+1.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.75%	2.08%	+1.67%

Volatility

CNX1.L vs. FKMCX - Volatility Comparison

The current volatility for iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) is 4.13%, while Fidelity Mid-Cap Stock Fund Class K (FKMCX) has a volatility of 4.57%. This indicates that CNX1.L experiences smaller price fluctuations and is considered to be less risky than FKMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CNX1.L	FKMCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	4.57%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	10.38%	11.52%	-1.14%
Volatility (1Y) Calculated over the trailing 1-year period	14.70%	14.90%	-0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.16%	16.52%	+2.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.44%	18.19%	+1.25%

CNX1.L vs. FKMCX - Expense Ratio Comparison

CNX1.L has a 0.36% expense ratio, which is lower than FKMCX's 0.76% expense ratio.

Dividends

CNX1.L vs. FKMCX - Dividend Comparison

CNX1.L has not paid dividends to shareholders, while FKMCX's dividend yield for the trailing twelve months is around 1.57%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
FKMCX Fidelity Mid-Cap Stock Fund Class K	1.57%	1.85%	8.91%	2.69%	5.49%	12.87%	6.82%	6.73%	13.52%	6.66%	8.36%	14.27%

Frequently Asked Questions

Can I hold both CNX1.L and FKMCX in my portfolio?

CNX1.L and FKMCX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.