IAUS.L vs. CNDX.L
IAUS.L (iShares MSCI Australia UCITS ETF) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - IAUS.L is a Global Equities fund tracking the iShares MSCI Australia UCITS ETF, while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, IAUS.L returned 7.82%/yr vs 20.97%/yr for CNDX.L. A 0.59 correlation means they provide meaningful diversification when combined. IAUS.L charges 0.50%/yr vs 0.33%/yr for CNDX.L.
Performance
IAUS.L vs. CNDX.L - Performance Comparison
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Returns By Period
In the year-to-date period, IAUS.L achieves a 10.19% return, which is significantly lower than CNDX.L's 15.91% return. Over the past 10 years, IAUS.L has underperformed CNDX.L with an annualized return of 7.82%, while CNDX.L has yielded a comparatively higher 20.97% annualized return.
IAUS.L
- 1D
- -0.35%
- 1M
- -0.56%
- 6M
- 9.67%
- YTD
- 10.19%
- 1Y
- 13.36%
- 3Y*
- 11.01%
- 5Y*
- 6.53%
- 10Y*
- 7.82%
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%
IAUS.L vs. CNDX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAUS.L iShares MSCI Australia UCITS ETF | 10.19% | 13.86% | 1.70% | 13.84% | -5.50% | 8.27% | 9.46% | 21.85% | -12.47% | 20.13% |
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 IAUS.L and CNDX.L is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2010 | 0.59 |
The correlation between IAUS.L and CNDX.L has been stable across timeframes, ranging from 0.54 to 0.62 - a consistent structural relationship.
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Return for Risk
IAUS.L vs. CNDX.L — Risk / Return Rank
IAUS.L
CNDX.L
IAUS.L vs. CNDX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Australia UCITS ETF (IAUS.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.
| IAUS.L | CNDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.29 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 2.57 | -1.22 |
| Martin ratioReturn relative to average drawdown | 3.32 | 8.61 | -5.30 |
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Drawdowns
IAUS.L vs. CNDX.L - Drawdown Comparison
The maximum IAUS.L drawdown since its inception was -44.76%, 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 IAUS.L and CNDX.L.
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Drawdown Indicators
| IAUS.L | CNDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.76% | -35.21% | -9.55% |
Max Drawdown (1Y)Largest decline over 1 year | -9.68% | -11.00% | +1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -23.04% | -22.44% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -24.60% | -35.21% | +10.61% |
Max Drawdown (10Y)Largest decline over 10 years | -44.76% | -35.21% | -9.55% |
Current DrawdownCurrent decline from peak | -4.27% | -3.87% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -9.27% | -5.12% | -4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 3.29% | +0.66% |
Volatility
IAUS.L vs. CNDX.L - Volatility Comparison
The current volatility for iShares MSCI Australia UCITS ETF (IAUS.L) is 4.06%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 5.89%. This indicates that IAUS.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
| IAUS.L | CNDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 5.89% | -1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 13.35% | 13.78% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.93% | 17.32% | -1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.54% | 21.15% | -1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.75% | 20.13% | +0.62% |
IAUS.L vs. CNDX.L - Expense Ratio Comparison
IAUS.L has a 0.50% expense ratio, which is higher than CNDX.L's 0.33% expense ratio.
Dividends
IAUS.L vs. CNDX.L - Dividend Comparison
Neither IAUS.L nor CNDX.L has paid dividends to shareholders.
Frequently Asked Questions
IAUS.L and CNDX.L have a correlation of 0.54, 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 IAUS.L.
IAUS.L is categorized as Global Equities, while CNDX.L is Nasdaq-100. IAUS.L tracks iShares MSCI Australia UCITS ETF, while CNDX.L tracks NASDAQ-100 Index. Their fees differ too: 0.50% for IAUS.L and 0.33% for CNDX.L.
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