EMCR.L vs. CNDX.L
EMCR.L (iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist)) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - EMCR.L is a Emerging Markets Bonds fund tracking the J.P. Morgan CEMBI Broad Diversified Core Index, while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, EMCR.L returned 3.52%/yr vs 20.97%/yr for CNDX.L. At a 0.26 correlation, their price movements are largely independent. EMCR.L charges 0.50%/yr vs 0.33%/yr for CNDX.L.
Performance
EMCR.L vs. CNDX.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMCR.L achieves a 1.80% return, which is significantly lower than CNDX.L's 15.91% return. Over the past 10 years, EMCR.L has underperformed CNDX.L with an annualized return of 3.52%, while CNDX.L has yielded a comparatively higher 20.97% annualized return.
EMCR.L
- 1D
- 0.29%
- 1M
- 0.23%
- 6M
- 1.61%
- YTD
- 1.80%
- 1Y
- 6.43%
- 3Y*
- 7.10%
- 5Y*
- 1.97%
- 10Y*
- 3.52%
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%
EMCR.L vs. CNDX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMCR.L iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) | 1.80% | 8.43% | 6.66% | 7.85% | -12.39% | -0.65% | 7.22% | 13.82% | -2.71% | 7.74% |
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 EMCR.L and CNDX.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2012 | 0.26 |
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Return for Risk
EMCR.L vs. CNDX.L — Risk / Return Rank
EMCR.L
CNDX.L
EMCR.L vs. CNDX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (EMCR.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.
| EMCR.L | CNDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.57 | -0.31 |
| Martin ratioReturn relative to average drawdown | 9.69 | 8.61 | +1.08 |
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Drawdowns
EMCR.L vs. CNDX.L - Drawdown Comparison
The maximum EMCR.L drawdown since its inception was -22.67%, smaller than the maximum CNDX.L drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for EMCR.L and CNDX.L.
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Drawdown Indicators
| EMCR.L | CNDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.67% | -35.21% | +12.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -11.00% | +8.28% |
Max Drawdown (3Y)Largest decline over 3 years | -3.69% | -22.44% | +18.75% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | -35.21% | +15.01% |
Max Drawdown (10Y)Largest decline over 10 years | -22.67% | -35.21% | +12.54% |
Current DrawdownCurrent decline from peak | -0.16% | -3.87% | +3.71% |
Average DrawdownAverage peak-to-trough decline | -3.28% | -5.12% | +1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 3.29% | -2.65% |
Volatility
EMCR.L vs. CNDX.L - Volatility Comparison
The current volatility for iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) (EMCR.L) is 1.02%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 5.89%. This indicates that EMCR.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
| EMCR.L | CNDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 5.89% | -4.87% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 13.78% | -10.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 17.32% | -13.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.49% | 21.15% | -15.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 20.13% | -12.63% |
EMCR.L vs. CNDX.L - Expense Ratio Comparison
EMCR.L has a 0.50% expense ratio, which is higher than CNDX.L's 0.33% expense ratio.
Dividends
EMCR.L vs. CNDX.L - Dividend Comparison
EMCR.L's dividend yield for the trailing twelve months is around 5.59%, while CNDX.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNDX.L iShares NASDAQ 100 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EMCR.L iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (Dist) | 5.59% | 5.56% | 5.44% | 5.04% | 4.28% | 3.62% | 3.93% | 4.58% | 4.70% | 4.35% | 4.61% | 5.13% |
Frequently Asked Questions
EMCR.L and CNDX.L have a correlation of 0.30, 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 0.50% for EMCR.L.
EMCR.L is categorized as Emerging Markets Bonds, while CNDX.L is Nasdaq-100. EMCR.L tracks J.P. Morgan CEMBI Broad Diversified Core Index, while CNDX.L tracks NASDAQ-100 Index. Their fees differ too: 0.50% for EMCR.L and 0.33% for CNDX.L.
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