CNX1.L vs. FKMCX
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 22.01%/yr vs 13.43%/yr for FKMCX. At a 0.49 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
Loading charts...
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
In the year-to-date period, CNX1.L achieves a 17.68% return, which is significantly lower than FKMCX's 21.90% return. Over the past 10 years, CNX1.L has outperformed FKMCX with an annualized return of 22.01%, while FKMCX has yielded a comparatively lower 13.43% annualized return.
CNX1.L
- 1D
- -0.81%
- 1M
- -0.22%
- YTD
- 17.68%
- 6M
- 17.40%
- 1Y
- 36.42%
- 3Y*
- 24.32%
- 5Y*
- 16.96%
- 10Y*
- 22.01%
FKMCX
- 1D
- 0.77%
- 1M
- 4.45%
- YTD
- 21.90%
- 6M
- 19.71%
- 1Y
- 36.87%
- 3Y*
- 17.69%
- 5Y*
- 12.22%
- 10Y*
- 13.43%
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) | 17.68% | 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 | 21.90% | 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 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
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 Jan 26, 2010 | 0.49 |
The correlation between CNX1.L and FKMCX shifts across timeframes, from 0.34 (3 years) to 0.49 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CNX1.L vs. FKMCX — Risk / Return Rank
CNX1.L
FKMCX
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CNX1.L | FKMCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.40 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 4.76 | -1.47 |
| Martin ratioReturn relative to average drawdown | 9.52 | 17.04 | -7.52 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| CNX1.L | FKMCX | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -3.25% | -0.31% | -2.94% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -6.31% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 2.09% | +1.72% |
Volatility
CNX1.L vs. FKMCX - Volatility Comparison
iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) has a higher volatility of 6.28% compared to Fidelity Mid-Cap Stock Fund Class K (FKMCX) at 5.14%. This indicates that CNX1.L's price experiences larger fluctuations and is considered to be riskier than FKMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CNX1.L | FKMCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 5.14% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 11.67% | 12.07% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.72% | 15.44% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.35% | 16.60% | +13.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.48% | 18.18% | +7.30% |
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 5.22%.
| 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 | 5.22% | 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
CNX1.L and FKMCX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for CNX1.L and FKMCX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer