CNX1.L vs. SPXP.L
Compare and contrast key facts about iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) and Invesco S&P 500 UCITS ETF (SPXP.L).
CNX1.L and SPXP.L 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. SPXP.L is a passively managed fund by Invesco that tracks the performance of the Russell 1000 TR USD. It was launched on May 20, 2010. Both CNX1.L and SPXP.L 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 SPXP.L.
Performance
CNX1.L vs. SPXP.L - Performance Comparison
Returns By Period
In the year-to-date period, CNX1.L achieves a 22.53% return, which is significantly lower than SPXP.L's 25.40% return. Over the past 10 years, CNX1.L has outperformed SPXP.L with an annualized return of 20.21%, while SPXP.L has yielded a comparatively lower 15.40% annualized return.
CNX1.L
22.53%
3.91%
11.09%
27.88%
20.74%
20.21%
SPXP.L
25.40%
4.07%
12.40%
30.53%
15.77%
15.40%
Key characteristics
| CNX1.L | SPXP.L | |
|---|---|---|
| Sharpe Ratio | 1.74 | 2.68 |
| Sortino Ratio | 2.39 | 3.82 |
| Omega Ratio | 1.32 | 1.52 |
| Calmar Ratio | 2.27 | 4.70 |
| Martin Ratio | 6.87 | 19.00 |
| Ulcer Index | 4.06% | 1.59% |
| Daily Std Dev | 15.96% | 11.21% |
| Max Drawdown | -27.56% | -25.46% |
| Current Drawdown | -2.05% | -1.18% |
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CNX1.L vs. SPXP.L - Expense Ratio Comparison
CNX1.L has a 0.36% expense ratio, which is higher than SPXP.L's 0.05% expense ratio.
Correlation
The correlation between CNX1.L and SPXP.L is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
CNX1.L vs. SPXP.L - 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 S&P 500 UCITS ETF (SPXP.L). 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. SPXP.L - Dividend Comparison
Neither CNX1.L nor SPXP.L has paid dividends to shareholders.
Drawdowns
CNX1.L vs. SPXP.L - Drawdown Comparison
The maximum CNX1.L drawdown since its inception was -27.56%, which is greater than SPXP.L's maximum drawdown of -25.46%. Use the drawdown chart below to compare losses from any high point for CNX1.L and SPXP.L. For additional features, visit the drawdowns tool.
Volatility
CNX1.L vs. SPXP.L - Volatility Comparison
iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) has a higher volatility of 4.93% compared to Invesco S&P 500 UCITS ETF (SPXP.L) at 3.57%. This indicates that CNX1.L's price experiences larger fluctuations and is considered to be riskier than SPXP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.