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CU2U.L vs. CNDX.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CU2U.L vs. CNDX.L

Last updated Jun 5, 2026

CU2U.L (Amundi MSCI USA UCITS USD) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - CU2U.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, CU2U.L returned 14.45%/yr vs 21.62%/yr for CNDX.L. Their correlation of 0.84 suggests significant overlap in exposure. CU2U.L charges 0.18%/yr vs 0.33%/yr for CNDX.L.

Performance

CU2U.L vs. CNDX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amundi MSCI USA UCITS USD (CU2U.L) and iShares NASDAQ 100 UCITS ETF (CNDX.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CU2U.L achieves a 12.35% return, which is significantly lower than CNDX.L's 19.65% return. Over the past 10 years, CU2U.L has underperformed CNDX.L with an annualized return of 14.45%, while CNDX.L has yielded a comparatively higher 21.62% annualized return.

CU2U.L

1D
0.43%
1M
6.87%
YTD
12.35%
6M
13.81%
1Y
27.88%
3Y*
19.93%
5Y*
11.99%
10Y*
14.45%

CNDX.L

1D
-0.66%
1M
8.52%
YTD
19.65%
6M
19.10%
1Y
40.28%
3Y*
27.98%
5Y*
17.61%
10Y*
21.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CU2U.L vs. CNDX.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CU2U.L
Amundi MSCI USA UCITS USD		12.35%14.10%19.50%27.09%-20.03%27.37%20.45%31.60%-6.43%21.69%
CNDX.L
iShares NASDAQ 100 UCITS ETF		19.65%19.75%26.45%56.31%-33.45%27.96%48.33%38.07%-1.03%32.36%

Correlation

The correlation between CU2U.L and CNDX.L is 0.86, 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

0.86

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

0.86

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

0.90

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

0.89

Correlation (All Time)
Calculated using the full available price history since May 13, 2011

0.84

The correlation between CU2U.L and CNDX.L has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.

CU2U.L vs. CNDX.L - Sectors Allocation Comparison

Sectors
CU2U.L
CNDX.L

Technology

29.4%
57.3%

Healthcare

13.0%
3.8%

Financial Services

11.7%
0.2%

Consumer Cyclical

11.0%
11.6%

Communication Services

8.8%
14.5%

Industrials

8.4%
2.8%

Consumer Defensive

6.3%
6.9%

Energy

4.4%
0.5%

Real Estate

2.5%
0.1%

Utilities

2.3%
1.3%

Basic Materials

2.3%
1.1%

Technology

CU2U.L
29.4%
CNDX.L
57.3%

Healthcare

CU2U.L
13.0%
CNDX.L
3.8%

Financial Services

CU2U.L
11.7%
CNDX.L
0.2%

Consumer Cyclical

CU2U.L
11.0%
CNDX.L
11.6%

Communication Services

CU2U.L
8.8%
CNDX.L
14.5%

Industrials

CU2U.L
8.4%
CNDX.L
2.8%

Consumer Defensive

CU2U.L
6.3%
CNDX.L
6.9%

Energy

CU2U.L
4.4%
CNDX.L
0.5%

Real Estate

CU2U.L
2.5%
CNDX.L
0.1%

Utilities

CU2U.L
2.3%
CNDX.L
1.3%

Basic Materials

CU2U.L
2.3%
CNDX.L
1.1%

Compare stocks, funds, or ETFs

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Amundi MSCI USA UCITS USD

iShares NASDAQ 100 UCITS ETF

Often compared with CU2U.L:
CU2U.L vs. SC0H.DECU2U.L vs. BRK-BCU2U.L vs. SPYCU2U.L vs. UC95.LCU2U.L vs. ISDU.LCU2U.L vs. BBUS.LCU2U.L vs. 500U.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

CU2U.L vs. CNDX.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CU2U.L
CU2U.L Risk / Return Rank: 6262
Overall Rank
CU2U.L Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
CU2U.L Sortino Ratio Rank: 7171
Sortino Ratio Rank
CU2U.L Omega Ratio Rank: 6666
Omega Ratio Rank
CU2U.L Calmar Ratio Rank: 5151
Calmar Ratio Rank
CU2U.L Martin Ratio Rank: 5858
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.

CU2U.L vs. CNDX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI USA UCITS USD (CU2U.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.

CU2U.LCNDX.LDifference
Sharpe ratioReturn per unit of total volatility
2.16
2.52

-0.35

Sortino ratioReturn per unit of downside risk
3.16
3.50

-0.34

Omega ratioGain probability vs. loss probability

1.39

1.43

-0.04

Calmar ratioReturn relative to maximum drawdown

2.49

3.61

-1.12

Martin ratioReturn relative to average drawdown

9.91

13.03

-3.12

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

CU2U.L vs. CNDX.L - Sharpe Ratio Comparison

The current CU2U.L Sharpe Ratio is 2.16, which is comparable to the CNDX.L Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of CU2U.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

CU2U.LCNDX.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.16

2.52

-0.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

0.84

-0.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.88

1.07

-0.19

Sharpe Ratio (All Time)

Calculated using the full available price history

0.89

1.12

-0.24

Drawdowns

CU2U.L vs. CNDX.L - Drawdown Comparison

The maximum CU2U.L drawdown since its inception was -34.38%, roughly equal to the maximum CNDX.L drawdown of -35.17%. Use the drawdown chart below to compare losses from any high point for CU2U.L and CNDX.L.

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Drawdown Indicators

CU2U.LCNDX.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.38%

-35.17%

+0.79%

Max Drawdown (1Y)

Largest decline over 1 year

-11.13%

-11.00%

-0.13%

Max Drawdown (3Y)

Largest decline over 3 years

-19.32%

-22.44%

+3.12%

Max Drawdown (5Y)

Largest decline over 5 years

-25.42%

-35.17%

+9.75%

Max Drawdown (10Y)

Largest decline over 10 years

-34.38%

-35.17%

+0.79%

Current Drawdown

Current decline from peak

0.00%

-0.76%

+0.76%

Average Drawdown

Average peak-to-trough decline

-4.21%

-5.30%

+1.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.81%

3.07%

-0.26%

Volatility

CU2U.L vs. CNDX.L - Volatility Comparison

The current volatility for Amundi MSCI USA UCITS USD (CU2U.L) is 4.09%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 4.90%. This indicates that CU2U.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

CU2U.LCNDX.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.09%

4.90%

-0.81%

Volatility (6M)

Calculated over the trailing 6-month period

9.89%

11.88%

-1.99%

Volatility (1Y)

Calculated over the trailing 1-year period

12.83%

15.79%

-2.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.31%

20.87%

-4.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.46%

20.07%

-3.61%

CU2U.L vs. CNDX.L - Expense Ratio Comparison

CU2U.L has a 0.18% expense ratio, which is lower than CNDX.L's 0.33% expense ratio.

Dividends

CU2U.L vs. CNDX.L - Dividend Comparison

Neither CU2U.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%
CU2U.L
Amundi MSCI USA UCITS USD		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

CU2U.L and CNDX.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CU2U.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CU2U.L is cheaper with a 0.18% expense ratio, compared with 0.33% for CNDX.L.

CU2U.L is categorized as Large Cap Blend Equities, while CNDX.L is Nasdaq-100. CU2U.L tracks Russell 1000 TR USD, while CNDX.L tracks NASDAQ-100 Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.18% for CU2U.L and 0.33% for CNDX.L.

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