CSNDX.MI vs. EQQX.DE
CSNDX.MI (iShares NASDAQ 100 UCITS ETF USD (Acc)) and EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) are both Nasdaq-100 funds - CSNDX.MI tracks the NASDAQ-100 Index while EQQX.DE tracks the Nasdaq 100®. Both are passively managed. Over the past 5 years, CSNDX.MI returned 18.66%/yr vs 19.11%/yr for EQQX.DE. With a 0.99 correlation, they move nearly in lockstep. CSNDX.MI charges 0.30%/yr vs 0.20%/yr for EQQX.DE.
Performance
CSNDX.MI vs. EQQX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CSNDX.MI achieves a 20.42% return, which is significantly lower than EQQX.DE's 21.61% return.
CSNDX.MI
- 1D
- -0.81%
- 1M
- 9.28%
- YTD
- 20.42%
- 6M
- 19.45%
- 1Y
- 37.69%
- 3Y*
- 24.49%
- 5Y*
- 18.66%
- 10Y*
- 21.25%
EQQX.DE
- 1D
- 0.11%
- 1M
- 10.15%
- YTD
- 21.61%
- 6M
- 20.44%
- 1Y
- 39.08%
- 3Y*
- 25.43%
- 5Y*
- 19.11%
- 10Y*
- —
CSNDX.MI vs. EQQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CSNDX.MI iShares NASDAQ 100 UCITS ETF USD (Acc) | 20.42% | 6.74% | 35.09% | 50.07% | -30.24% | 26.29% |
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc | 21.61% | 7.13% | 33.88% | 51.62% | -29.90% | 26.11% |
Correlation
The correlation between CSNDX.MI and EQQX.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.99 |
The correlation between CSNDX.MI and EQQX.DE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
CSNDX.MI vs. EQQX.DE — Risk / Return Rank
CSNDX.MI
EQQX.DE
CSNDX.MI vs. EQQX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF USD (Acc) (CSNDX.MI) and Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.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.
| CSNDX.MI | EQQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.44 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 3.91 | -0.12 |
| Martin ratioReturn relative to average drawdown | 11.18 | 11.64 | -0.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CSNDX.MI | EQQX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.49 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.95 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.90 | +0.18 |
Drawdowns
CSNDX.MI vs. EQQX.DE - Drawdown Comparison
The maximum CSNDX.MI drawdown since its inception was -31.19%, roughly equal to the maximum EQQX.DE drawdown of -31.17%. Use the drawdown chart below to compare losses from any high point for CSNDX.MI and EQQX.DE.
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Drawdown Indicators
| CSNDX.MI | EQQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -31.17% | -0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -9.97% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -26.71% | -26.80% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -31.19% | -31.17% | -0.02% |
Max Drawdown (10Y)Largest decline over 10 years | -31.19% | — | — |
Current DrawdownCurrent decline from peak | -0.81% | 0.00% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -5.43% | -7.99% | +2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 3.36% | +0.01% |
Volatility
CSNDX.MI vs. EQQX.DE - Volatility Comparison
iShares NASDAQ 100 UCITS ETF USD (Acc) (CSNDX.MI) and Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) have volatilities of 4.28% and 4.15%, 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
| CSNDX.MI | EQQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 4.15% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 10.79% | 10.89% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.61% | 15.75% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.79% | 19.86% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 19.79% | -0.18% |
CSNDX.MI vs. EQQX.DE - Expense Ratio Comparison
CSNDX.MI has a 0.30% expense ratio, which is higher than EQQX.DE's 0.20% expense ratio.
Dividends
CSNDX.MI vs. EQQX.DE - Dividend Comparison
Neither CSNDX.MI nor EQQX.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, CSNDX.MI and EQQX.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, EQQX.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQQX.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for CSNDX.MI.
CSNDX.MI tracks NASDAQ-100 Index, while EQQX.DE tracks Nasdaq 100®. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.30% for CSNDX.MI and 0.20% for EQQX.DE.
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