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

CSCA.L vs. CNDX.L

Last updated Jun 5, 2026

CSCA.L (iShares MSCI Canada UCITS ETF (USD Accumulating)) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - CSCA.L is a Canada Equities fund tracking the MSCI Canada Index, while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, CSCA.L returned 11.72%/yr vs 22.61%/yr for CNDX.L. At a 0.45 correlation, their price movements are largely independent. CSCA.L charges 0.48%/yr vs 0.33%/yr for CNDX.L.

Performance

CSCA.L vs. CNDX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Canada UCITS ETF (USD Accumulating) (CSCA.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

CSCA.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, CSCA.L achieves a 9.66% return, which is significantly lower than CNDX.L's 20.90% return. Over the past 10 years, CSCA.L has underperformed CNDX.L with an annualized return of 11.72%, while CNDX.L has yielded a comparatively higher 22.61% annualized return.

CSCA.L

1D
0.52%
1M
3.48%
YTD
9.66%
6M
12.09%
1Y
34.16%
3Y*
19.18%
5Y*
12.56%
10Y*
11.72%

CNDX.L

1D
0.00%
1M
10.21%
YTD
20.90%
6M
19.02%
1Y
42.53%
3Y*
25.03%
5Y*
19.03%
10Y*
22.61%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
CSCA.L
iShares MSCI Canada UCITS ETF (USD Accumulating)		9.66%27.37%14.01%7.76%-1.83%24.99%3.07%21.81%-12.31%5.15%
CNDX.L
iShares NASDAQ 100 UCITS ETF		20.14%11.22%28.66%48.50%-25.54%29.17%43.97%32.82%4.84%20.91%

Correlation

The correlation between CSCA.L and CNDX.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.44

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

0.45

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

0.49

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

0.51

Correlation (All Time)
Calculated using the full available price history since Sep 16, 2010

0.45

The correlation between CSCA.L and CNDX.L has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.

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

Sectors
CSCA.L
CNDX.L

Financial Services

39.3%
0.2%

Energy

19.4%
0.5%

Basic Materials

14.6%
1.1%

Industrials

9.0%
2.8%

Technology

7.7%
57.3%

Consumer Cyclical

3.6%
11.6%

Consumer Defensive

3.3%
6.9%

Utilities

2.2%
1.3%

Communication Services

0.7%
14.5%

Real Estate

0.2%
0.1%

Healthcare

-

3.8%

Financial Services

CSCA.L
39.3%
CNDX.L
0.2%

Energy

CSCA.L
19.4%
CNDX.L
0.5%

Basic Materials

CSCA.L
14.6%
CNDX.L
1.1%

Industrials

CSCA.L
9.0%
CNDX.L
2.8%

Technology

CSCA.L
7.7%
CNDX.L
57.3%

Consumer Cyclical

CSCA.L
3.6%
CNDX.L
11.6%

Consumer Defensive

CSCA.L
3.3%
CNDX.L
6.9%

Utilities

CSCA.L
2.2%
CNDX.L
1.3%

Communication Services

CSCA.L
0.7%
CNDX.L
14.5%

Real Estate

CSCA.L
0.2%
CNDX.L
0.1%

Healthcare

CSCA.L

-

CNDX.L
3.8%

Compare stocks, funds, or ETFs

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iShares MSCI Canada UCITS ETF (USD Accumulating)

iShares NASDAQ 100 UCITS ETF

Often compared with CSCA.L:
CSCA.L vs. EIMI.LCSCA.L vs. ISAC.LCSCA.L vs. TDGB.LCSCA.L vs. IWDA.LCSCA.L vs. SWDA.LCSCA.L vs. IUIT.LCSCA.L vs. CSP1.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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CSCA.L
CSCA.L Risk / Return Rank: 9090
Overall Rank
CSCA.L Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
CSCA.L Sortino Ratio Rank: 9292
Sortino Ratio Rank
CSCA.L Omega Ratio Rank: 9191
Omega Ratio Rank
CSCA.L Calmar Ratio Rank: 8787
Calmar Ratio Rank
CSCA.L Martin Ratio Rank: 8989
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Canada UCITS ETF (USD Accumulating) (CSCA.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.

CSCA.LCNDX.LDifference
Sharpe ratioReturn per unit of total volatility
3.12
2.66

+0.46

Sortino ratioReturn per unit of downside risk
4.39
3.56

+0.84

Omega ratioGain probability vs. loss probability

1.59

1.47

+0.12

Calmar ratioReturn relative to maximum drawdown

4.85

3.77

+1.07

Martin ratioReturn relative to average drawdown

19.98

10.74

+9.24

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

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

The current CSCA.L Sharpe Ratio is 3.12, which is comparable to the CNDX.L Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of CSCA.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

CSCA.LCNDX.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.12

2.66

+0.46

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.89

0.94

-0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.76

1.12

-0.35

Sharpe Ratio (All Time)

Calculated using the full available price history

0.61

1.17

-0.57

Drawdowns

CSCA.L vs. CNDX.L - Drawdown Comparison

The maximum CSCA.L drawdown since its inception was -33.80%, 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 CSCA.L and CNDX.L.

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Drawdown Indicators

CSCA.LCNDX.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.80%

-27.74%

-6.06%

Max Drawdown (1Y)

Largest decline over 1 year

-7.01%

-11.11%

+4.10%

Max Drawdown (3Y)

Largest decline over 3 years

-14.18%

-24.37%

+10.19%

Max Drawdown (5Y)

Largest decline over 5 years

-14.18%

-27.74%

+13.56%

Max Drawdown (10Y)

Largest decline over 10 years

-33.68%

-27.74%

-5.94%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-6.07%

-4.72%

-1.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.71%

3.93%

-2.22%

Volatility

CSCA.L vs. CNDX.L - Volatility Comparison

The current volatility for iShares MSCI Canada UCITS ETF (USD Accumulating) (CSCA.L) is 1.69%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 4.87%. This indicates that CSCA.L experiences smaller price fluctuations and is considered to be less risky than CNDX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CSCA.LCNDX.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.69%

4.87%

-3.18%

Volatility (6M)

Calculated over the trailing 6-month period

7.71%

11.61%

-3.90%

Volatility (1Y)

Calculated over the trailing 1-year period

10.91%

15.74%

-4.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.86%

20.08%

-5.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.00%

20.20%

-3.20%

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

CSCA.L has a 0.48% expense ratio, which is higher than CNDX.L's 0.33% expense ratio.

Dividends

CSCA.L vs. CNDX.L - Dividend Comparison

Neither CSCA.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%
CSCA.L
iShares MSCI Canada UCITS ETF (USD Accumulating)		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

CSCA.L and CNDX.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CNDX.L is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CNDX.L is cheaper with a 0.33% expense ratio, compared with 0.48% for CSCA.L.

CSCA.L is categorized as Canada Equities, while CNDX.L is Nasdaq-100. CSCA.L tracks MSCI Canada Index, while CNDX.L tracks NASDAQ-100 Index. Their fees differ too: 0.48% for CSCA.L and 0.33% for CNDX.L.

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