FEXD.L vs. CNDX.L
FEXD.L (First Trust US Large Cap Core AlphaDEX UCITS Class B) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - FEXD.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, FEXD.L returned 12.39%/yr vs 22.61%/yr for CNDX.L. A 0.54 correlation means they provide meaningful diversification when combined. FEXD.L charges 0.75%/yr vs 0.33%/yr for CNDX.L.
Performance
FEXD.L vs. CNDX.L - Performance Comparison
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Different Trading Currencies
FEXD.L is traded in GBp, while CNDX.L is traded in USD. To make them comparable, the CNDX.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FEXD.L achieves a 14.06% return, which is significantly lower than CNDX.L's 20.90% return. Over the past 10 years, FEXD.L has underperformed CNDX.L with an annualized return of 12.39%, while CNDX.L has yielded a comparatively higher 22.61% annualized return.
FEXD.L
- 1D
- -0.11%
- 1M
- 5.28%
- YTD
- 14.06%
- 6M
- 14.03%
- 1Y
- 28.95%
- 3Y*
- 16.32%
- 5Y*
- 10.82%
- 10Y*
- 12.39%
CNDX.L
- 1D
- 0.00%
- 1M
- 10.21%
- YTD
- 20.90%
- 6M
- 19.02%
- 1Y
- 42.53%
- 3Y*
- 25.03%
- 5Y*
- 19.03%
- 10Y*
- 22.61%
FEXD.L vs. CNDX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEXD.L First Trust US Large Cap Core AlphaDEX UCITS Class B | 14.06% | 6.55% | 17.43% | 7.00% | -3.00% | 26.00% | 9.31% | 21.74% | -6.95% | 9.63% |
CNDX.L iShares NASDAQ 100 UCITS ETF | 20.14% | 11.22% | 28.66% | 48.50% | -25.54% | 29.17% | 43.97% | 32.82% | 4.84% | 20.91% |
Correlation
The correlation between FEXD.L and CNDX.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2015 | 0.54 |
The correlation between FEXD.L and CNDX.L has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.
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Return for Risk
FEXD.L vs. CNDX.L — Risk / Return Rank
FEXD.L
CNDX.L
FEXD.L vs. CNDX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust US Large Cap Core AlphaDEX UCITS Class B (FEXD.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.
| FEXD.L | CNDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.47 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 8.72 | 3.77 | +4.94 |
| Martin ratioReturn relative to average drawdown | 28.19 | 10.74 | +17.45 |
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
| FEXD.L | CNDX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.19 | 2.66 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.94 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 1.12 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 1.17 | -0.38 |
Drawdowns
FEXD.L vs. CNDX.L - Drawdown Comparison
The maximum FEXD.L drawdown since its inception was -31.91%, which is greater than CNDX.L's maximum drawdown of -27.74%. Use the drawdown chart below to compare losses from any high point for FEXD.L and CNDX.L.
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Drawdown Indicators
| FEXD.L | CNDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.91% | -27.74% | -4.17% |
Max Drawdown (1Y)Largest decline over 1 year | -4.52% | -11.11% | +6.59% |
Max Drawdown (3Y)Largest decline over 3 years | -21.63% | -24.37% | +2.74% |
Max Drawdown (5Y)Largest decline over 5 years | -21.63% | -27.74% | +6.11% |
Max Drawdown (10Y)Largest decline over 10 years | -31.91% | -27.74% | -4.17% |
Current DrawdownCurrent decline from peak | -0.11% | 0.00% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -4.72% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 3.93% | +0.95% |
Volatility
FEXD.L vs. CNDX.L - Volatility Comparison
The current volatility for First Trust US Large Cap Core AlphaDEX UCITS Class B (FEXD.L) is 3.73%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 4.87%. This indicates that FEXD.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
| FEXD.L | CNDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 4.87% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 9.14% | 11.61% | -2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 15.74% | -3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.33% | 20.08% | -3.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 20.20% | -1.44% |
FEXD.L vs. CNDX.L - Expense Ratio Comparison
FEXD.L has a 0.75% expense ratio, which is higher than CNDX.L's 0.33% expense ratio.
Dividends
FEXD.L vs. CNDX.L - Dividend Comparison
FEXD.L's dividend yield for the trailing twelve months is around 0.01%, 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% | 0.02% | 0.05% | 0.06% | 0.03% | 0.04% | 0.07% | 0.06% | 0.30% | 0.16% | 0.16% |
FEXD.L First Trust US Large Cap Core AlphaDEX UCITS Class B | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% |
Frequently Asked Questions
FEXD.L and CNDX.L have a correlation of 0.47, 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 0.75% for FEXD.L.
FEXD.L is categorized as Large Cap Blend Equities, while CNDX.L is Nasdaq-100. FEXD.L tracks Russell 1000 TR USD, while CNDX.L tracks NASDAQ-100 Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.75% for FEXD.L and 0.33% for CNDX.L.
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