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CS51.L vs. CNDX.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CS51.L vs. CNDX.L

Last updated Jun 5, 2026

CS51.L (iShares VII plc - iShares Core EURO STOXX 50 ETF EUR Acc) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - CS51.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, CS51.L returned 11.56%/yr vs 22.53%/yr for CNDX.L. A 0.56 correlation means they provide meaningful diversification when combined. CS51.L charges 0.10%/yr vs 0.33%/yr for CNDX.L.

Performance

CS51.L vs. CNDX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares VII plc - iShares Core EURO STOXX 50 ETF EUR Acc (CS51.L) and iShares NASDAQ 100 UCITS ETF (CNDX.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CS51.L is traded in GBp, while CNDX.L is traded in USD. To make them comparable, the CNDX.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CS51.L achieves a 6.51% return, which is significantly lower than CNDX.L's 20.14% return. Over the past 10 years, CS51.L has underperformed CNDX.L with an annualized return of 11.56%, while CNDX.L has yielded a comparatively higher 22.53% annualized return.

CS51.L

1D
0.98%
1M
2.01%
YTD
6.51%
6M
7.62%
1Y
18.84%
3Y*
15.75%
5Y*
11.67%
10Y*
11.56%

CNDX.L

1D
-0.66%
1M
8.19%
YTD
20.14%
6M
17.88%
1Y
40.89%
3Y*
24.77%
5Y*
18.88%
10Y*
22.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CS51.L vs. CNDX.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CS51.L
iShares VII plc - iShares Core EURO STOXX 50 ETF EUR Acc		6.51%28.21%6.16%19.95%-3.29%15.48%2.70%22.16%-10.71%14.47%
CNDX.L
iShares NASDAQ 100 UCITS ETF		20.10%11.22%28.66%48.50%-25.54%29.17%43.97%32.82%4.84%20.91%

Correlation

The correlation between CS51.L and CNDX.L is 0.55, 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

0.55

Correlation (3Y)
Calculated over the trailing 3-year period

0.52

Correlation (5Y)
Calculated over the trailing 5-year period

0.56

Correlation (10Y)
Calculated over the trailing 10-year period

0.59

Correlation (All Time)
Calculated using the full available price history since Sep 30, 2010

0.56

The correlation between CS51.L and CNDX.L has been stable across timeframes, ranging from 0.52 to 0.59 - a consistent structural relationship.

CS51.L vs. CNDX.L - Sectors Allocation Comparison

Sectors
CS51.L
CNDX.L

Financial Services

25.0%
0.2%

Industrials

21.7%
2.8%

Technology

17.6%
57.3%

Consumer Cyclical

9.8%
11.6%

Consumer Defensive

5.5%
6.9%

Healthcare

5.2%
3.8%

Energy

4.8%
0.5%

Utilities

4.5%
1.3%

Basic Materials

3.5%
1.1%

Communication Services

2.4%
14.5%

Real Estate

-

0.1%

Financial Services

CS51.L
25.0%
CNDX.L
0.2%

Industrials

CS51.L
21.7%
CNDX.L
2.8%

Technology

CS51.L
17.6%
CNDX.L
57.3%

Consumer Cyclical

CS51.L
9.8%
CNDX.L
11.6%

Consumer Defensive

CS51.L
5.5%
CNDX.L
6.9%

Healthcare

CS51.L
5.2%
CNDX.L
3.8%

Energy

CS51.L
4.8%
CNDX.L
0.5%

Utilities

CS51.L
4.5%
CNDX.L
1.3%

Basic Materials

CS51.L
3.5%
CNDX.L
1.1%

Communication Services

CS51.L
2.4%
CNDX.L
14.5%

Real Estate

CS51.L

-

CNDX.L
0.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares VII plc - iShares Core EURO STOXX 50 ETF EUR Acc

iShares NASDAQ 100 UCITS ETF

Often compared with CS51.L:
CS51.L vs. SMEA.LCS51.L vs. XSX6.LCS51.L vs. MEUD.LCS51.L vs. VERG.LCS51.L vs. MSED.LCS51.L vs. CEU1.LCS51.L vs. IEFQ.L
Often compared with CNDX.L:
CNDX.L vs. QQQCNDX.L vs. EQQQ.DECNDX.L vs. SXRV.DECNDX.L vs. CNX1.LCNDX.L vs. CSPX.LCNDX.L vs. EQQU.LCNDX.L vs. VWRA.L

Return for Risk

CS51.L vs. CNDX.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CS51.L
CS51.L Risk / Return Rank: 3535
Overall Rank
CS51.L Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
CS51.L Sortino Ratio Rank: 3636
Sortino Ratio Rank
CS51.L Omega Ratio Rank: 3535
Omega Ratio Rank
CS51.L Calmar Ratio Rank: 3434
Calmar Ratio Rank
CS51.L Martin Ratio Rank: 3636
Martin Ratio Rank
CNDX.L
CNDX.L Risk / Return Rank: 7575
Overall Rank
CNDX.L Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
CNDX.L Sortino Ratio Rank: 7979
Sortino Ratio Rank
CNDX.L Omega Ratio Rank: 7474
Omega Ratio Rank
CNDX.L Calmar Ratio Rank: 7373
Calmar Ratio Rank
CNDX.L Martin Ratio Rank: 7171
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CS51.L vs. CNDX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares VII plc - iShares Core EURO STOXX 50 ETF EUR Acc (CS51.L) and iShares NASDAQ 100 UCITS ETF (CNDX.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.

CS51.LCNDX.LDifference
Sharpe ratioReturn per unit of total volatility
1.24
2.61

-1.37

Sortino ratioReturn per unit of downside risk
1.85
3.49

-1.63

Omega ratioGain probability vs. loss probability

1.23

1.46

-0.23

Calmar ratioReturn relative to maximum drawdown

1.65

3.70

-2.05

Martin ratioReturn relative to average drawdown

5.52

10.51

-5.00

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CS51.L vs. CNDX.L - Sharpe Ratio Comparison

The current CS51.L Sharpe Ratio is 1.24, which is lower than the CNDX.L Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of CS51.L and CNDX.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CS51.LCNDX.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.24

2.61

-1.37

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.94

-0.26

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.64

1.11

-0.47

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

1.17

-0.68

Drawdowns

CS51.L vs. CNDX.L - Drawdown Comparison

The maximum CS51.L drawdown since its inception was -33.12%, which is greater than CNDX.L's maximum drawdown of -27.74%. Use the drawdown chart below to compare losses from any high point for CS51.L and CNDX.L.

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Drawdown Indicators

CS51.LCNDX.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.12%

-27.74%

-5.38%

Max Drawdown (1Y)

Largest decline over 1 year

-11.49%

-11.11%

-0.38%

Max Drawdown (3Y)

Largest decline over 3 years

-14.03%

-24.37%

+10.34%

Max Drawdown (5Y)

Largest decline over 5 years

-21.70%

-27.74%

+6.04%

Max Drawdown (10Y)

Largest decline over 10 years

-33.12%

-27.74%

-5.38%

Current Drawdown

Current decline from peak

-0.45%

-0.66%

+0.21%

Average Drawdown

Average peak-to-trough decline

-5.90%

-4.72%

-1.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.43%

3.93%

-0.50%

Volatility

CS51.L vs. CNDX.L - Volatility Comparison

iShares VII plc - iShares Core EURO STOXX 50 ETF EUR Acc (CS51.L) and iShares NASDAQ 100 UCITS ETF (CNDX.L) have volatilities of 4.93% and 4.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CS51.LCNDX.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.93%

4.89%

+0.04%

Volatility (6M)

Calculated over the trailing 6-month period

12.42%

11.60%

+0.82%

Volatility (1Y)

Calculated over the trailing 1-year period

15.26%

15.74%

-0.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.25%

20.08%

-2.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.01%

20.20%

-2.19%

CS51.L vs. CNDX.L - Expense Ratio Comparison

CS51.L has a 0.10% expense ratio, which is lower than CNDX.L's 0.33% expense ratio.

Dividends

CS51.L vs. CNDX.L - Dividend Comparison

Neither CS51.L nor CNDX.L has paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CNDX.L
iShares NASDAQ 100 UCITS ETF		0.00%0.00%0.02%0.05%0.06%0.03%0.04%0.07%0.06%0.30%0.16%0.16%
CS51.L
iShares VII plc - iShares Core EURO STOXX 50 ETF EUR 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%

Frequently Asked Questions

CS51.L and CNDX.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CS51.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CS51.L is cheaper with a 0.10% expense ratio, compared with 0.33% for CNDX.L.

CS51.L is categorized as Europe Equities, while CNDX.L is Nasdaq-100. CS51.L tracks MSCI EMU NR EUR, while CNDX.L tracks NASDAQ-100 Index. Their fees differ too: 0.10% for CS51.L and 0.33% for CNDX.L.

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