CNX1.L vs. IWDA.AS
CNX1.L (iShares NASDAQ 100 UCITS ETF USD (Acc)) and IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - CNX1.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while IWDA.AS is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, CNX1.L returned 22.20%/yr vs 13.92%/yr for IWDA.AS. A 0.79 correlation means they provide meaningful diversification when combined. CNX1.L charges 0.36%/yr vs 0.20%/yr for IWDA.AS.
Performance
CNX1.L vs. IWDA.AS - Performance Comparison
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Different Trading Currencies
CNX1.L is traded in GBp, while IWDA.AS is traded in EUR. To make them comparable, the IWDA.AS 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 17.14% return, which is significantly higher than IWDA.AS's 8.99% return. Over the past 10 years, CNX1.L has outperformed IWDA.AS with an annualized return of 22.20%, while IWDA.AS has yielded a comparatively lower 13.92% annualized return.
CNX1.L
- 1D
- 2.47%
- 1M
- 0.79%
- YTD
- 17.14%
- 6M
- 17.43%
- 1Y
- 38.31%
- 3Y*
- 23.65%
- 5Y*
- 17.86%
- 10Y*
- 22.20%
IWDA.AS
- 1D
- 1.57%
- 1M
- -0.24%
- YTD
- 8.99%
- 6M
- 9.44%
- 1Y
- 25.45%
- 3Y*
- 17.07%
- 5Y*
- 12.59%
- 10Y*
- 13.92%
CNX1.L vs. IWDA.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNX1.L iShares NASDAQ 100 UCITS ETF USD (Acc) | 17.14% | 11.57% | 28.51% | 47.71% | -25.53% | 29.50% | 43.24% | 33.63% | 4.62% | 20.13% |
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 8.99% | 12.81% | 21.44% | 17.50% | -9.07% | 24.68% | 12.21% | 22.23% | -3.21% | 12.09% |
Correlation
The correlation between CNX1.L and IWDA.AS is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2010 | 0.79 |
The correlation between CNX1.L and IWDA.AS has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
CNX1.L vs. IWDA.AS — Risk / Return Rank
CNX1.L
IWDA.AS
CNX1.L vs. IWDA.AS - 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 iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS). 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 | IWDA.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.43 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 3.84 | -0.45 |
| Martin ratioReturn relative to average drawdown | 9.86 | 14.72 | -4.86 |
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Drawdowns
CNX1.L vs. IWDA.AS - Drawdown Comparison
The maximum CNX1.L drawdown since its inception was -27.56%, which is greater than IWDA.AS's maximum drawdown of -26.21%. Use the drawdown chart below to compare losses from any high point for CNX1.L and IWDA.AS.
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Drawdown Indicators
| CNX1.L | IWDA.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.56% | -26.21% | -1.35% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -6.46% | -4.57% |
Max Drawdown (3Y)Largest decline over 3 years | -24.56% | -19.59% | -4.97% |
Max Drawdown (5Y)Largest decline over 5 years | -27.56% | -19.59% | -7.97% |
Max Drawdown (10Y)Largest decline over 10 years | -27.56% | -26.21% | -1.35% |
Current DrawdownCurrent decline from peak | -2.87% | -1.28% | -1.59% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -3.61% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 1.70% | +2.10% |
Volatility
CNX1.L vs. IWDA.AS - Volatility Comparison
iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) has a higher volatility of 5.76% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) at 3.09%. This indicates that CNX1.L's price experiences larger fluctuations and is considered to be riskier than IWDA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNX1.L | IWDA.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 3.09% | +2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 11.22% | 7.78% | +3.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.31% | 10.67% | +4.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.31% | 13.69% | +16.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.51% | 14.84% | +10.67% |
CNX1.L vs. IWDA.AS - Expense Ratio Comparison
CNX1.L has a 0.36% expense ratio, which is higher than IWDA.AS's 0.20% expense ratio.
Dividends
CNX1.L vs. IWDA.AS - Dividend Comparison
Neither CNX1.L nor IWDA.AS has paid dividends to shareholders.
Frequently Asked Questions
CNX1.L and IWDA.AS have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWDA.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.AS is cheaper with a 0.20% expense ratio, compared with 0.36% for CNX1.L.
CNX1.L is categorized as Nasdaq-100, while IWDA.AS is Global Equities. CNX1.L tracks NASDAQ-100 Index, while IWDA.AS tracks MSCI World Index. Their fees differ too: 0.36% for CNX1.L and 0.20% for IWDA.AS.
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