CSNDX.MI vs. XNAS.L
CSNDX.MI (iShares NASDAQ 100 UCITS ETF USD (Acc)) and XNAS.L (Xtrackers NASDAQ 100 UCITS ETF) are both Nasdaq-100 funds tracking the NASDAQ-100 Index, from iShares and Xtrackers respectively. Both are passively managed. Over the past 3 years, CSNDX.MI returned 24.49%/yr vs 24.70%/yr for XNAS.L. Their correlation of 0.93 suggests significant overlap in exposure. CSNDX.MI charges 0.30%/yr vs 0.20%/yr for XNAS.L.
Performance
CSNDX.MI vs. XNAS.L - Performance Comparison
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Different Trading Currencies
CSNDX.MI is traded in EUR, while XNAS.L is traded in USD. To make them comparable, the XNAS.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with CSNDX.MI having a 20.42% return and XNAS.L slightly higher at 21.03%.
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%
XNAS.L
- 1D
- -0.81%
- 1M
- 9.26%
- YTD
- 21.03%
- 6M
- 19.48%
- 1Y
- 38.05%
- 3Y*
- 24.70%
- 5Y*
- —
- 10Y*
- —
CSNDX.MI vs. XNAS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CSNDX.MI iShares NASDAQ 100 UCITS ETF USD (Acc) | 20.42% | 6.74% | 35.09% | 50.07% | -10.35% |
XNAS.L Xtrackers NASDAQ 100 UCITS ETF | 21.03% | 5.61% | 34.96% | 51.72% | -9.55% |
Correlation
The correlation between CSNDX.MI and XNAS.L is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2022 | 0.93 |
The correlation between CSNDX.MI and XNAS.L has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
CSNDX.MI vs. XNAS.L — Risk / Return Rank
CSNDX.MI
XNAS.L
CSNDX.MI vs. XNAS.L - 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 Xtrackers NASDAQ 100 UCITS ETF (XNAS.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.
| CSNDX.MI | XNAS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.41 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 3.72 | +0.07 |
| Martin ratioReturn relative to average drawdown | 11.18 | 11.08 | +0.11 |
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 | XNAS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.31 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | — | — |
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 | 1.37 | -0.30 |
Drawdowns
CSNDX.MI vs. XNAS.L - Drawdown Comparison
The maximum CSNDX.MI drawdown since its inception was -31.19%, which is greater than XNAS.L's maximum drawdown of -26.34%. Use the drawdown chart below to compare losses from any high point for CSNDX.MI and XNAS.L.
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Drawdown Indicators
| CSNDX.MI | XNAS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -26.34% | -4.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -10.13% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -26.71% | -26.34% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -31.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.19% | — | — |
Current DrawdownCurrent decline from peak | -0.81% | -0.81% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.43% | -4.04% | -1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 3.42% | -0.05% |
Volatility
CSNDX.MI vs. XNAS.L - Volatility Comparison
The current volatility for iShares NASDAQ 100 UCITS ETF USD (Acc) (CSNDX.MI) is 4.28%, while Xtrackers NASDAQ 100 UCITS ETF (XNAS.L) has a volatility of 4.67%. This indicates that CSNDX.MI experiences smaller price fluctuations and is considered to be less risky than XNAS.L 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 | XNAS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 4.67% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 10.79% | 11.67% | -0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.61% | 16.32% | -0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.79% | 19.59% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 19.59% | +0.02% |
CSNDX.MI vs. XNAS.L - Expense Ratio Comparison
CSNDX.MI has a 0.30% expense ratio, which is higher than XNAS.L's 0.20% expense ratio.
Dividends
CSNDX.MI vs. XNAS.L - Dividend Comparison
Neither CSNDX.MI nor XNAS.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, CSNDX.MI and XNAS.L 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, XNAS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNAS.L is cheaper with a 0.20% expense ratio, compared with 0.30% for CSNDX.MI.
Both ETFs track NASDAQ-100 Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.30% for CSNDX.MI and 0.20% for XNAS.L.
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