CNX1.L vs. XESC.DE
CNX1.L (iShares NASDAQ 100 UCITS ETF USD (Acc)) and XESC.DE (Xtrackers EURO STOXX 50 UCITS ETF 1C) are both exchange-traded funds - CNX1.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while XESC.DE is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, CNX1.L returned 22.20%/yr vs 11.56%/yr for XESC.DE. A 0.56 correlation means they provide meaningful diversification when combined. CNX1.L charges 0.36%/yr vs 0.09%/yr for XESC.DE.
Performance
CNX1.L vs. XESC.DE - Performance Comparison
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Different Trading Currencies
CNX1.L is traded in GBp, while XESC.DE is traded in EUR. To make them comparable, the XESC.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 17.14% return, which is significantly higher than XESC.DE's 6.30% return. Over the past 10 years, CNX1.L has outperformed XESC.DE with an annualized return of 22.20%, while XESC.DE has yielded a comparatively lower 11.56% annualized return.
CNX1.L
- 1D
- 2.47%
- 1M
- 0.79%
- YTD
- 17.14%
- 6M
- 17.43%
- 1Y
- 38.31%
- 3Y*
- 23.65%
- 5Y*
- 17.86%
- 10Y*
- 22.20%
XESC.DE
- 1D
- 0.84%
- 1M
- 2.46%
- YTD
- 6.30%
- 6M
- 7.04%
- 1Y
- 20.09%
- 3Y*
- 15.75%
- 5Y*
- 11.65%
- 10Y*
- 11.56%
CNX1.L vs. XESC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNX1.L iShares NASDAQ 100 UCITS ETF USD (Acc) | 17.14% | 11.57% | 28.51% | 47.71% | -25.53% | 29.50% | 43.24% | 33.63% | 4.62% | 20.13% |
XESC.DE Xtrackers EURO STOXX 50 UCITS ETF 1C | 6.30% | 28.60% | 6.22% | 20.06% | -3.88% | 14.82% | 2.61% | 23.32% | -10.85% | 14.96% |
Correlation
The correlation between CNX1.L and XESC.DE is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2010 | 0.56 |
The correlation between CNX1.L and XESC.DE has been stable across timeframes, ranging from 0.47 to 0.57 - a consistent structural relationship.
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Return for Risk
CNX1.L vs. XESC.DE — Risk / Return Rank
CNX1.L
XESC.DE
CNX1.L vs. XESC.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 Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CNX1.L | XESC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.22 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 1.63 | +1.76 |
| Martin ratioReturn relative to average drawdown | 9.86 | 5.51 | +4.35 |
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Drawdowns
CNX1.L vs. XESC.DE - Drawdown Comparison
The maximum CNX1.L drawdown since its inception was -27.56%, smaller than the maximum XESC.DE drawdown of -40.04%. Use the drawdown chart below to compare losses from any high point for CNX1.L and XESC.DE.
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Drawdown Indicators
| CNX1.L | XESC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.56% | -40.04% | +12.48% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -11.52% | +0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -24.56% | -14.43% | -10.13% |
Max Drawdown (5Y)Largest decline over 5 years | -27.56% | -22.28% | -5.28% |
Max Drawdown (10Y)Largest decline over 10 years | -27.56% | -30.98% | +3.42% |
Current DrawdownCurrent decline from peak | -2.87% | -0.42% | -2.45% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -8.10% | +3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 3.42% | +0.38% |
Volatility
CNX1.L vs. XESC.DE - Volatility Comparison
iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) has a higher volatility of 5.76% compared to Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.DE) at 4.67%. This indicates that CNX1.L's price experiences larger fluctuations and is considered to be riskier than XESC.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 | XESC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 4.67% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 11.22% | 12.93% | -1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.31% | 15.66% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.31% | 17.59% | +12.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.51% | 18.06% | +7.45% |
CNX1.L vs. XESC.DE - Expense Ratio Comparison
CNX1.L has a 0.36% expense ratio, which is higher than XESC.DE's 0.09% expense ratio.
Dividends
CNX1.L vs. XESC.DE - Dividend Comparison
Neither CNX1.L nor XESC.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XESC.DE Xtrackers EURO STOXX 50 UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.19% |
Frequently Asked Questions
CNX1.L and XESC.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XESC.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XESC.DE is cheaper with a 0.09% expense ratio, compared with 0.36% for CNX1.L.
CNX1.L is categorized as Nasdaq-100, while XESC.DE is Europe Equities. CNX1.L tracks NASDAQ-100 Index, while XESC.DE tracks MSCI EMU NR EUR. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.36% for CNX1.L and 0.09% for XESC.DE.
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