CNX1.L vs. QQQM
Compare and contrast key facts about iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) and Invesco NASDAQ 100 ETF (QQQM).
CNX1.L and QQQM 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. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. Both CNX1.L and QQQM 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 QQQM.
Performance
CNX1.L vs. QQQM - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with CNX1.L having a 22.53% return and QQQM slightly lower at 21.86%.
CNX1.L
22.53%
3.91%
11.09%
27.88%
20.74%
20.21%
QQQM
21.86%
1.15%
10.26%
29.63%
N/A
N/A
Key characteristics
| CNX1.L | QQQM | |
|---|---|---|
| Sharpe Ratio | 1.74 | 1.71 |
| Sortino Ratio | 2.39 | 2.30 |
| Omega Ratio | 1.32 | 1.31 |
| Calmar Ratio | 2.27 | 2.19 |
| Martin Ratio | 6.87 | 8.00 |
| Ulcer Index | 4.06% | 3.72% |
| Daily Std Dev | 15.96% | 17.36% |
| Max Drawdown | -27.56% | -35.05% |
| Current Drawdown | -2.05% | -3.44% |
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CNX1.L vs. QQQM - Expense Ratio Comparison
CNX1.L has a 0.36% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Correlation
The correlation between CNX1.L and QQQM is 0.67, 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.
Risk-Adjusted Performance
CNX1.L vs. QQQM - 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 Invesco NASDAQ 100 ETF (QQQM). 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. QQQM - Dividend Comparison
CNX1.L has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.66%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
CNX1.L iShares NASDAQ 100 UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.66% | 0.65% | 0.83% | 0.40% | 0.16% |
Drawdowns
CNX1.L vs. QQQM - Drawdown Comparison
The maximum CNX1.L drawdown since its inception was -27.56%, smaller than the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for CNX1.L and QQQM. For additional features, visit the drawdowns tool.
Volatility
CNX1.L vs. QQQM - Volatility Comparison
The current volatility for iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) is 4.94%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 5.61%. This indicates that CNX1.L experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.