CNX1.L vs. NDX1.DE
CNX1.L (iShares NASDAQ 100 UCITS ETF USD (Acc)) is Nasdaq-100 fund tracking the NASDAQ-100 Index, while NDX1.DE (Nordex SE) is a stock. Over the past 10 years, CNX1.L returned 22.43%/yr vs 6.47%/yr for NDX1.DE. At a 0.28 correlation, their price movements are largely independent.
Performance
CNX1.L vs. NDX1.DE - Performance Comparison
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Different Trading Currencies
CNX1.L is traded in GBp, while NDX1.DE is traded in EUR. To make them comparable, the NDX1.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 19.85% return, which is significantly lower than NDX1.DE's 39.22% return. Over the past 10 years, CNX1.L has outperformed NDX1.DE with an annualized return of 22.43%, while NDX1.DE has yielded a comparatively lower 6.47% 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%
NDX1.DE
- 1D
- -0.22%
- 1M
- -14.77%
- YTD
- 39.22%
- 6M
- 56.19%
- 1Y
- 129.42%
- 3Y*
- 51.94%
- 5Y*
- 21.16%
- 10Y*
- 6.47%
CNX1.L vs. NDX1.DE - 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% |
NDX1.DE Nordex SE | 39.22% | 171.83% | 3.64% | -22.78% | 7.41% | -37.77% | 93.80% | 50.96% | -13.31% | -54.62% |
Correlation
The correlation between CNX1.L and NDX1.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2010 | 0.28 |
The correlation between CNX1.L and NDX1.DE shifts across timeframes, from 0.16 (3 years) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CNX1.L vs. NDX1.DE — Risk / Return Rank
CNX1.L
NDX1.DE
CNX1.L vs. NDX1.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 Nordex SE (NDX1.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 | NDX1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.48 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.76 | 7.12 | -3.36 |
| Martin ratioReturn relative to average drawdown | 11.10 | 22.07 | -10.97 |
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 | NDX1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.82 | 2.80 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.44 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.16 | 0.13 | +1.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.14 | 0.07 | +1.08 |
Drawdowns
CNX1.L vs. NDX1.DE - Drawdown Comparison
The maximum CNX1.L drawdown since its inception was -27.56%, smaller than the maximum NDX1.DE drawdown of -92.07%. Use the drawdown chart below to compare losses from any high point for CNX1.L and NDX1.DE.
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Drawdown Indicators
| CNX1.L | NDX1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.56% | -92.07% | +64.51% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -18.26% | +7.23% |
Max Drawdown (3Y)Largest decline over 3 years | -24.56% | -31.53% | +6.97% |
Max Drawdown (5Y)Largest decline over 5 years | -27.56% | -59.71% | +32.15% |
Max Drawdown (10Y)Largest decline over 10 years | -27.56% | -77.85% | +50.29% |
Current DrawdownCurrent decline from peak | -0.63% | -18.09% | +17.46% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -55.24% | +50.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 5.83% | -2.08% |
Volatility
CNX1.L vs. NDX1.DE - Volatility Comparison
The current volatility for iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) is 4.13%, while Nordex SE (NDX1.DE) has a volatility of 11.46%. This indicates that CNX1.L experiences smaller price fluctuations and is considered to be less risky than NDX1.DE 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 | NDX1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 11.46% | -7.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.38% | 31.36% | -20.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.70% | 46.43% | -31.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.16% | 47.23% | -28.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.44% | 49.22% | -29.78% |
Dividends
CNX1.L vs. NDX1.DE - Dividend Comparison
Neither CNX1.L nor NDX1.DE has paid dividends to shareholders.
Frequently Asked Questions
CNX1.L and NDX1.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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