CUSS.L vs. CNDX.L
CUSS.L (iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF USD (Acc)) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - CUSS.L is a Small Cap Blend Equities fund tracking the MSCI USA Small Cap ESG Enhanced CTB Index, while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, CUSS.L returned 10.74%/yr vs 20.97%/yr for CNDX.L. A 0.72 correlation means they provide meaningful diversification when combined. CUSS.L charges 0.43%/yr vs 0.33%/yr for CNDX.L.
Performance
CUSS.L vs. CNDX.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with CUSS.L having a 16.17% return and CNDX.L slightly lower at 15.91%. Over the past 10 years, CUSS.L has underperformed CNDX.L with an annualized return of 10.74%, while CNDX.L has yielded a comparatively higher 20.97% annualized return.
CUSS.L
- 1D
- -0.63%
- 1M
- -1.86%
- 6M
- 11.10%
- YTD
- 16.17%
- 1Y
- 29.03%
- 3Y*
- 13.99%
- 5Y*
- 7.45%
- 10Y*
- 10.74%
CNDX.L
- 1D
- -0.67%
- 1M
- -3.48%
- 6M
- 16.01%
- YTD
- 15.91%
- 1Y
- 28.40%
- 3Y*
- 23.77%
- 5Y*
- 15.27%
- 10Y*
- 20.97%
CUSS.L vs. CNDX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CUSS.L iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF USD (Acc) | 16.17% | 10.15% | 9.80% | 17.73% | -17.15% | 18.55% | 18.55% | 26.39% | -10.90% | 16.10% |
CNDX.L iShares NASDAQ 100 UCITS ETF | 15.91% | 19.75% | 26.42% | 56.22% | -33.49% | 27.92% | 48.25% | 37.96% | -1.08% | 31.91% |
Correlation
The correlation between CUSS.L and CNDX.L is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2010 | 0.72 |
The correlation between CUSS.L and CNDX.L has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.
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Return for Risk
CUSS.L vs. CNDX.L — Risk / Return Rank
CUSS.L
CNDX.L
CUSS.L vs. CNDX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF USD (Acc) (CUSS.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.
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.
| CUSS.L | CNDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.29 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 2.57 | +1.17 |
| Martin ratioReturn relative to average drawdown | 12.44 | 8.61 | +3.82 |
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Drawdowns
CUSS.L vs. CNDX.L - Drawdown Comparison
The maximum CUSS.L drawdown since its inception was -42.70%, which is greater than CNDX.L's maximum drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for CUSS.L and CNDX.L.
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Drawdown Indicators
| CUSS.L | CNDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.70% | -35.21% | -7.49% |
Max Drawdown (1Y)Largest decline over 1 year | -8.38% | -11.00% | +2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -27.77% | -22.44% | -5.33% |
Max Drawdown (5Y)Largest decline over 5 years | -28.73% | -35.21% | +6.48% |
Max Drawdown (10Y)Largest decline over 10 years | -42.70% | -35.21% | -7.49% |
Current DrawdownCurrent decline from peak | -3.61% | -3.87% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -5.12% | -1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 3.29% | -0.77% |
Volatility
CUSS.L vs. CNDX.L - Volatility Comparison
The current volatility for iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF USD (Acc) (CUSS.L) is 4.69%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 5.89%. This indicates that CUSS.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
| CUSS.L | CNDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 5.89% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 12.22% | 13.78% | -1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | 17.32% | -0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.16% | 21.15% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.92% | 20.13% | +0.79% |
CUSS.L vs. CNDX.L - Expense Ratio Comparison
CUSS.L has a 0.43% expense ratio, which is higher than CNDX.L's 0.33% expense ratio.
Dividends
CUSS.L vs. CNDX.L - Dividend Comparison
Neither CUSS.L nor CNDX.L has paid dividends to shareholders.
Frequently Asked Questions
CUSS.L and CNDX.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNDX.L is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNDX.L is cheaper with a 0.33% expense ratio, compared with 0.43% for CUSS.L.
CUSS.L is categorized as Small Cap Blend Equities, while CNDX.L is Nasdaq-100. CUSS.L tracks MSCI USA Small Cap ESG Enhanced CTB Index, while CNDX.L tracks NASDAQ-100 Index. Their fees differ too: 0.43% for CUSS.L and 0.33% for CNDX.L.
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