CNX1.L vs. SWDA.L
Compare and contrast key facts about iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L).
CNX1.L and SWDA.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. SWDA.L is a passively managed fund by iShares that tracks the performance of the MSCI ACWI NR USD. It was launched on Sep 25, 2009. Both CNX1.L and SWDA.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 SWDA.L.
Key characteristics
| CNX1.L | SWDA.L | |
|---|---|---|
| YTD Return | 5.11% | 6.18% |
| 1Y Return | 33.80% | 19.61% |
| 3Y Return (Ann) | 11.93% | 9.16% |
| 5Y Return (Ann) | 19.07% | 11.61% |
| 10Y Return (Ann) | 21.29% | 12.22% |
| Sharpe Ratio | 2.24 | 1.93 |
| Daily Std Dev | 15.64% | 10.15% |
| Max Drawdown | -27.56% | -25.58% |
| Current Drawdown | -4.35% | -2.98% |
Correlation
The correlation between CNX1.L and SWDA.L is 0.80, 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.
Performance
CNX1.L vs. SWDA.L - Performance Comparison
In the year-to-date period, CNX1.L achieves a 5.11% return, which is significantly lower than SWDA.L's 6.18% return. Over the past 10 years, CNX1.L has outperformed SWDA.L with an annualized return of 21.29%, while SWDA.L has yielded a comparatively lower 12.22% 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. SWDA.L - Expense Ratio Comparison
CNX1.L has a 0.36% expense ratio, which is higher than SWDA.L's 0.20% expense ratio.
Risk-Adjusted Performance
CNX1.L vs. SWDA.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 iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.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. SWDA.L - Dividend Comparison
Neither CNX1.L nor SWDA.L has paid dividends to shareholders.
Drawdowns
CNX1.L vs. SWDA.L - Drawdown Comparison
The maximum CNX1.L drawdown since its inception was -27.56%, which is greater than SWDA.L's maximum drawdown of -25.58%. Use the drawdown chart below to compare losses from any high point for CNX1.L and SWDA.L. For additional features, visit the drawdowns tool.
Volatility
CNX1.L vs. SWDA.L - Volatility Comparison
iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) has a higher volatility of 5.96% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 4.15%. This indicates that CNX1.L's price experiences larger fluctuations and is considered to be riskier than SWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.