HYGU.L vs. CNDX.L
HYGU.L (iShares € High Yield Corp Bond UCITS ETF) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - HYGU.L is a High Yield Bonds fund tracking the iShares € High Yield Corp Bond UCITS ETF, while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, HYGU.L returned 4.58%/yr vs 15.27%/yr for CNDX.L. A 0.57 correlation means they provide meaningful diversification when combined. HYGU.L charges 0.55%/yr vs 0.33%/yr for CNDX.L.
Performance
HYGU.L vs. CNDX.L - Performance Comparison
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Returns By Period
In the year-to-date period, HYGU.L achieves a 2.18% return, which is significantly lower than CNDX.L's 15.91% return.
HYGU.L
- 1D
- -0.03%
- 1M
- 0.24%
- 6M
- 2.18%
- YTD
- 2.18%
- 1Y
- 5.22%
- 3Y*
- 8.18%
- 5Y*
- 4.58%
- 10Y*
- —
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%
HYGU.L vs. CNDX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYGU.L iShares € High Yield Corp Bond UCITS ETF | 2.18% | 7.24% | 7.29% | 13.55% | -7.14% | 3.72% | 2.16% | 12.83% | -0.86% | 0.71% |
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% | 3.02% |
Correlation
The correlation between HYGU.L and CNDX.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2017 | 0.57 |
The correlation between HYGU.L and CNDX.L has been stable across timeframes, ranging from 0.50 to 0.59 - a consistent structural relationship.
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Return for Risk
HYGU.L vs. CNDX.L — Risk / Return Rank
HYGU.L
CNDX.L
HYGU.L vs. CNDX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € High Yield Corp Bond UCITS ETF (HYGU.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.
| HYGU.L | CNDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.29 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.57 | -0.57 |
| Martin ratioReturn relative to average drawdown | 8.61 | 8.61 | -0.01 |
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Drawdowns
HYGU.L vs. CNDX.L - Drawdown Comparison
The maximum HYGU.L drawdown since its inception was -25.03%, smaller than the maximum CNDX.L drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for HYGU.L and CNDX.L.
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Drawdown Indicators
| HYGU.L | CNDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.03% | -35.21% | +10.18% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -11.00% | +8.40% |
Max Drawdown (3Y)Largest decline over 3 years | -3.62% | -22.44% | +18.82% |
Max Drawdown (5Y)Largest decline over 5 years | -13.61% | -35.21% | +21.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.21% | — |
Current DrawdownCurrent decline from peak | -0.16% | -3.87% | +3.71% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -5.12% | +3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 3.29% | -2.68% |
Volatility
HYGU.L vs. CNDX.L - Volatility Comparison
The current volatility for iShares € High Yield Corp Bond UCITS ETF (HYGU.L) is 0.62%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 5.89%. This indicates that HYGU.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
| HYGU.L | CNDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 5.89% | -5.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 13.78% | -10.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 17.32% | -13.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 21.15% | -15.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 20.13% | -13.03% |
HYGU.L vs. CNDX.L - Expense Ratio Comparison
HYGU.L has a 0.55% expense ratio, which is higher than CNDX.L's 0.33% expense ratio.
Dividends
HYGU.L vs. CNDX.L - Dividend Comparison
Neither HYGU.L nor CNDX.L has paid dividends to shareholders.
Frequently Asked Questions
HYGU.L and CNDX.L have a correlation of 0.59, 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 0.55% for HYGU.L.
HYGU.L is categorized as High Yield Bonds, while CNDX.L is Nasdaq-100. HYGU.L tracks iShares € High Yield Corp Bond UCITS ETF, while CNDX.L tracks NASDAQ-100 Index. Their fees differ too: 0.55% for HYGU.L and 0.33% for CNDX.L.
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