CNX1.L vs. QQQE
Compare and contrast key facts about iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE).
CNX1.L and QQQE 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. QQQE is a passively managed fund by Direxion that tracks the performance of the NASDAQ-100 Equal Weighted Index. It was launched on Mar 21, 2012. Both CNX1.L and QQQE 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 QQQE.
Key characteristics
| CNX1.L | QQQE | |
|---|---|---|
| YTD Return | 4.72% | -0.69% |
| 1Y Return | 32.87% | 20.94% |
| 3Y Return (Ann) | 11.81% | 3.69% |
| 5Y Return (Ann) | 19.00% | 12.28% |
| 10Y Return (Ann) | 21.26% | 13.25% |
| Sharpe Ratio | 2.12 | 1.30 |
| Daily Std Dev | 15.64% | 14.93% |
| Max Drawdown | -27.56% | -32.14% |
| Current Drawdown | -4.71% | -6.07% |
Correlation
The correlation between CNX1.L and QQQE is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CNX1.L vs. QQQE - Performance Comparison
In the year-to-date period, CNX1.L achieves a 4.72% return, which is significantly higher than QQQE's -0.69% return. Over the past 10 years, CNX1.L has outperformed QQQE with an annualized return of 21.26%, while QQQE has yielded a comparatively lower 13.25% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CNX1.L vs. QQQE - Expense Ratio Comparison
CNX1.L has a 0.36% expense ratio, which is higher than QQQE's 0.35% expense ratio.
Risk-Adjusted Performance
CNX1.L vs. QQQE - 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 Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). 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. QQQE - Dividend Comparison
CNX1.L has not paid dividends to shareholders, while QQQE's dividend yield for the trailing twelve months is around 0.91%.
| 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% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.91% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.75% | 1.36% | 0.38% |
Drawdowns
CNX1.L vs. QQQE - Drawdown Comparison
The maximum CNX1.L drawdown since its inception was -27.56%, smaller than the maximum QQQE drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for CNX1.L and QQQE. For additional features, visit the drawdowns tool.
Volatility
CNX1.L vs. QQQE - Volatility Comparison
iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) has a higher volatility of 5.95% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 4.77%. This indicates that CNX1.L's price experiences larger fluctuations and is considered to be riskier than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.