CSNDX.MI vs. SPYI.DE
CSNDX.MI (iShares NASDAQ 100 UCITS ETF USD (Acc)) and SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) are both exchange-traded funds - CSNDX.MI is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while SPYI.DE is a Global Equities fund tracking the MSCI All Country World Investable Market (ACWI IMI). Both are passively managed. Over the past 10 years, CSNDX.MI returned 21.25%/yr vs 12.27%/yr for SPYI.DE. Their correlation of 0.81 suggests significant overlap in exposure. CSNDX.MI charges 0.30%/yr vs 0.17%/yr for SPYI.DE.
Performance
CSNDX.MI vs. SPYI.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 higher than SPYI.DE's 12.53% return. Over the past 10 years, CSNDX.MI has outperformed SPYI.DE with an annualized return of 21.25%, while SPYI.DE has yielded a comparatively lower 12.27% annualized return.
CSNDX.MI
- 1D
- -0.81%
- 1M
- 3.91%
- YTD
- 20.42%
- 6M
- 22.03%
- 1Y
- 39.23%
- 3Y*
- 24.49%
- 5Y*
- 18.66%
- 10Y*
- 21.25%
SPYI.DE
- 1D
- 1.91%
- 1M
- 2.37%
- YTD
- 12.53%
- 6M
- 14.24%
- 1Y
- 27.76%
- 3Y*
- 16.73%
- 5Y*
- 11.62%
- 10Y*
- 12.27%
CSNDX.MI vs. SPYI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSNDX.MI iShares NASDAQ 100 UCITS ETF USD (Acc) | 20.42% | 6.74% | 35.09% | 50.07% | -30.24% | 39.83% | 35.45% | 41.91% | 3.62% | 16.34% |
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 12.53% | 9.07% | 22.98% | 17.54% | -12.93% | 27.77% | 5.37% | 29.81% | -6.73% | 8.25% |
Correlation
The correlation between CSNDX.MI and SPYI.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 16, 2011 | 0.81 |
The correlation between CSNDX.MI and SPYI.DE has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.
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Return for Risk
CSNDX.MI vs. SPYI.DE — Risk / Return Rank
CSNDX.MI
SPYI.DE
CSNDX.MI vs. SPYI.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 SPDR MSCI ACWI IMI UCITS ETF (SPYI.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.
| CSNDX.MI | SPYI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.43 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 4.20 | -0.41 |
| Martin ratioReturn relative to average drawdown | 11.18 | 16.67 | -5.49 |
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Drawdowns
CSNDX.MI vs. SPYI.DE - Drawdown Comparison
The maximum CSNDX.MI drawdown since its inception was -31.19%, smaller than the maximum SPYI.DE drawdown of -41.58%. Use the drawdown chart below to compare losses from any high point for CSNDX.MI and SPYI.DE.
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Drawdown Indicators
| CSNDX.MI | SPYI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -41.58% | +10.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -6.45% | -3.50% |
Max Drawdown (3Y)Largest decline over 3 years | -26.71% | -21.64% | -5.07% |
Max Drawdown (5Y)Largest decline over 5 years | -31.19% | -21.64% | -9.55% |
Max Drawdown (10Y)Largest decline over 10 years | -31.19% | -34.49% | +3.30% |
Current DrawdownCurrent decline from peak | -0.81% | -1.23% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -5.42% | -8.43% | +3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 1.63% | +1.74% |
Volatility
CSNDX.MI vs. SPYI.DE - Volatility Comparison
iShares NASDAQ 100 UCITS ETF USD (Acc) (CSNDX.MI) has a higher volatility of 4.28% compared to SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) at 3.48%. This indicates that CSNDX.MI's price experiences larger fluctuations and is considered to be riskier than SPYI.DE 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 | SPYI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 3.48% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 10.79% | 8.52% | +2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.61% | 11.75% | +3.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.79% | 13.96% | +5.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 15.96% | +3.65% |
CSNDX.MI vs. SPYI.DE - Expense Ratio Comparison
CSNDX.MI has a 0.30% expense ratio, which is higher than SPYI.DE's 0.17% expense ratio.
Dividends
CSNDX.MI vs. SPYI.DE - Dividend Comparison
Neither CSNDX.MI nor SPYI.DE has paid dividends to shareholders.
Frequently Asked Questions
CSNDX.MI and SPYI.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYI.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYI.DE is cheaper with a 0.17% expense ratio, compared with 0.30% for CSNDX.MI.
CSNDX.MI is categorized as Nasdaq-100, while SPYI.DE is Global Equities. CSNDX.MI tracks NASDAQ-100 Index, while SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI). They also come from different issuers: iShares and State Street. Their fees differ too: 0.30% for CSNDX.MI and 0.17% for SPYI.DE.
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