CSNDX.MI vs. QQQM
CSNDX.MI (iShares NASDAQ 100 UCITS ETF USD (Acc)) and QQQM (Invesco NASDAQ 100 ETF) are both Nasdaq-100 funds tracking the NASDAQ-100 Index, from iShares and Invesco respectively. Both are passively managed. Over the past 5 years, CSNDX.MI returned 18.85%/yr vs 19.18%/yr for QQQM. A 0.63 correlation means they provide meaningful diversification when combined. CSNDX.MI charges 0.30%/yr vs 0.15%/yr for QQQM.
Performance
CSNDX.MI vs. QQQM - Performance Comparison
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Different Trading Currencies
CSNDX.MI is traded in EUR, while QQQM is traded in USD. To make them comparable, the QQQM values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CSNDX.MI achieves a 21.40% return, which is significantly lower than QQQM's 22.88% return.
CSNDX.MI
- 1D
- 0.16%
- 1M
- 11.68%
- YTD
- 21.40%
- 6M
- 20.37%
- 1Y
- 38.93%
- 3Y*
- 25.18%
- 5Y*
- 18.85%
- 10Y*
- 21.38%
QQQM
- 1D
- 0.00%
- 1M
- 11.49%
- YTD
- 22.88%
- 6M
- 20.44%
- 1Y
- 39.19%
- 3Y*
- 25.48%
- 5Y*
- 19.18%
- 10Y*
- —
CSNDX.MI vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CSNDX.MI iShares NASDAQ 100 UCITS ETF USD (Acc) | 21.40% | 6.74% | 35.09% | 50.07% | -30.24% | 39.83% | 1.04% |
QQQM Invesco NASDAQ 100 ETF | 22.85% | 6.51% | 33.98% | 50.36% | -28.34% | 36.98% | 2.53% |
Correlation
The correlation between CSNDX.MI and QQQM is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2020 | 0.63 |
The correlation between CSNDX.MI and QQQM has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.
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Return for Risk
CSNDX.MI vs. QQQM — Risk / Return Rank
CSNDX.MI
QQQM
CSNDX.MI vs. QQQM - 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 ETF (QQQM). 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 | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.43 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 3.58 | +0.33 |
| Martin ratioReturn relative to average drawdown | 11.55 | 11.22 | +0.34 |
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 | QQQM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 2.44 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 0.88 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.87 | +0.20 |
Drawdowns
CSNDX.MI vs. QQQM - Drawdown Comparison
The maximum CSNDX.MI drawdown since its inception was -31.19%, roughly equal to the maximum QQQM drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for CSNDX.MI and QQQM.
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Drawdown Indicators
| CSNDX.MI | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -30.95% | -0.24% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -10.99% | +1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -26.71% | -27.16% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -31.19% | -30.95% | -0.24% |
Max Drawdown (10Y)Largest decline over 10 years | -31.19% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.43% | -7.34% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 3.50% | -0.13% |
Volatility
CSNDX.MI vs. QQQM - Volatility Comparison
iShares NASDAQ 100 UCITS ETF USD (Acc) (CSNDX.MI) has a higher volatility of 4.17% compared to Invesco NASDAQ 100 ETF (QQQM) at 3.68%. This indicates that CSNDX.MI's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSNDX.MI | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 3.68% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 10.75% | 11.45% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.68% | 16.16% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.79% | 21.90% | -2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 21.72% | -2.11% |
CSNDX.MI vs. QQQM - Expense Ratio Comparison
CSNDX.MI has a 0.30% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Dividends
CSNDX.MI vs. QQQM - Dividend Comparison
CSNDX.MI has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CSNDX.MI iShares NASDAQ 100 UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.41% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Frequently Asked Questions
CSNDX.MI and QQQM have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQM is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQM is cheaper with a 0.15% expense ratio, compared with 0.30% for CSNDX.MI.
Both ETFs track NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.30% for CSNDX.MI and 0.15% for QQQM.
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