GMVM.DE vs. CNDX.AS
Compare and contrast key facts about VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.DE) and iShares NASDAQ 100 UCITS ETF (CNDX.AS).
GMVM.DE and CNDX.AS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GMVM.DE is a passively managed fund by VanEck that tracks the performance of the Morningstar US Sustainable Moat Focus. It was launched on Oct 16, 2015. CNDX.AS is a passively managed fund by iShares that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 26, 2010. Both GMVM.DE and CNDX.AS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GMVM.DE vs. CNDX.AS - Performance Comparison
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GMVM.DE vs. CNDX.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMVM.DE VanEck Morningstar US Sustainable Wide Moat UCITS ETF | -6.75% | -4.56% | 17.59% | 14.37% | -14.38% | 36.91% | 2.73% | 38.45% | 2.27% | 7.97% |
CNDX.AS iShares NASDAQ 100 UCITS ETF | -3.98% | 6.16% | 35.29% | 50.41% | -29.90% | 38.80% | 35.83% | 40.51% | 4.53% | 16.12% |
Returns By Period
In the year-to-date period, GMVM.DE achieves a -6.75% return, which is significantly lower than CNDX.AS's -3.98% return. Over the past 10 years, GMVM.DE has underperformed CNDX.AS with an annualized return of 10.54%, while CNDX.AS has yielded a comparatively higher 18.55% annualized return.
GMVM.DE
- 1D
- 0.83%
- 1M
- -7.02%
- YTD
- -6.75%
- 6M
- -4.03%
- 1Y
- -2.25%
- 3Y*
- 4.47%
- 5Y*
- 3.55%
- 10Y*
- 10.54%
CNDX.AS
- 1D
- 2.64%
- 1M
- -2.28%
- YTD
- -3.98%
- 6M
- -1.29%
- 1Y
- 16.12%
- 3Y*
- 20.34%
- 5Y*
- 13.34%
- 10Y*
- 18.55%
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GMVM.DE vs. CNDX.AS - Expense Ratio Comparison
GMVM.DE has a 0.49% expense ratio, which is higher than CNDX.AS's 0.36% expense ratio.
Return for Risk
GMVM.DE vs. CNDX.AS — Risk / Return Rank
GMVM.DE
CNDX.AS
GMVM.DE vs. CNDX.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.DE) and iShares NASDAQ 100 UCITS ETF (CNDX.AS). 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.
| GMVM.DE | CNDX.AS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.13 | 0.79 | -0.91 |
Sortino ratioReturn per unit of downside risk | -0.05 | 1.20 | -1.25 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.17 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | -0.19 | 2.83 | -3.02 |
Martin ratioReturn relative to average drawdown | -0.58 | 8.55 | -9.13 |
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
| GMVM.DE | CNDX.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.13 | 0.79 | -0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.66 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.93 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.95 | -0.36 |
Correlation
The correlation between GMVM.DE and CNDX.AS is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GMVM.DE vs. CNDX.AS - Dividend Comparison
Neither GMVM.DE nor CNDX.AS has paid dividends to shareholders.
Drawdowns
GMVM.DE vs. CNDX.AS - Drawdown Comparison
The maximum GMVM.DE drawdown since its inception was -32.25%, roughly equal to the maximum CNDX.AS drawdown of -31.21%. Use the drawdown chart below to compare losses from any high point for GMVM.DE and CNDX.AS.
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Drawdown Indicators
| GMVM.DE | CNDX.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.25% | -31.21% | -1.04% |
Max Drawdown (1Y)Largest decline over 1 year | -14.58% | -13.20% | -1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -31.21% | +5.47% |
Max Drawdown (10Y)Largest decline over 10 years | -32.25% | -31.21% | -1.04% |
Current DrawdownCurrent decline from peak | -14.91% | -7.63% | -7.28% |
Average DrawdownAverage peak-to-trough decline | -5.73% | -5.49% | -0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 3.33% | +0.36% |
Volatility
GMVM.DE vs. CNDX.AS - Volatility Comparison
The current volatility for VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.DE) is 3.50%, while iShares NASDAQ 100 UCITS ETF (CNDX.AS) has a volatility of 4.99%. This indicates that GMVM.DE experiences smaller price fluctuations and is considered to be less risky than CNDX.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMVM.DE | CNDX.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 4.99% | -1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 9.19% | 11.70% | -2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.81% | 20.34% | -2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 19.73% | -4.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.69% | 19.63% | -2.94% |