IBTL vs. CNX1.L
IBTL (iShares iBonds Dec 2031 Term Treasury ETF) and CNX1.L (iShares NASDAQ 100 UCITS ETF USD (Acc)) are both exchange-traded funds - IBTL is a Government Bonds fund tracking the ICE 2031 Maturity US Treasury Index, while CNX1.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, IBTL returned 3.11%/yr vs 26.34%/yr for CNX1.L. At a 0.09 correlation, their price movements are largely independent. IBTL charges 0.07%/yr vs 0.36%/yr for CNX1.L.
Performance
IBTL vs. CNX1.L - Performance Comparison
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Different Trading Currencies
IBTL is traded in USD, while CNX1.L is traded in GBp. To make them comparable, the CNX1.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBTL achieves a -0.07% return, which is significantly lower than CNX1.L's 19.16% return.
IBTL
- 1D
- 0.15%
- 1M
- 0.89%
- YTD
- -0.07%
- 6M
- -0.06%
- 1Y
- 4.05%
- 3Y*
- 3.11%
- 5Y*
- —
- 10Y*
- —
CNX1.L
- 1D
- -0.63%
- 1M
- 3.57%
- YTD
- 19.16%
- 6M
- 21.17%
- 1Y
- 38.34%
- 3Y*
- 26.34%
- 5Y*
- 16.82%
- 10Y*
- 21.84%
IBTL vs. CNX1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBTL iShares iBonds Dec 2031 Term Treasury ETF | -0.07% | 7.85% | 0.36% | 3.60% | -15.60% | -1.22% |
CNX1.L iShares NASDAQ 100 UCITS ETF USD (Acc) | 19.16% | 19.98% | 26.37% | 55.50% | -33.49% | 7.01% |
Correlation
The correlation between IBTL and CNX1.L is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2021 | 0.09 |
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Return for Risk
IBTL vs. CNX1.L — Risk / Return Rank
IBTL
CNX1.L
IBTL vs. CNX1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2031 Term Treasury ETF (IBTL) and iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.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.
| IBTL | CNX1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.40 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 3.47 | -2.04 |
| Martin ratioReturn relative to average drawdown | 3.90 | 12.38 | -8.48 |
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Drawdowns
IBTL vs. CNX1.L - Drawdown Comparison
The maximum IBTL drawdown since its inception was -20.93%, smaller than the maximum CNX1.L drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for IBTL and CNX1.L.
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Drawdown Indicators
| IBTL | CNX1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.93% | -35.21% | +14.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -10.99% | +8.16% |
Max Drawdown (3Y)Largest decline over 3 years | -7.38% | -23.11% | +15.73% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.21% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.21% | — |
Current DrawdownCurrent decline from peak | -6.88% | -1.10% | -5.78% |
Average DrawdownAverage peak-to-trough decline | -11.42% | -5.49% | -5.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 3.09% | -2.05% |
Volatility
IBTL vs. CNX1.L - Volatility Comparison
The current volatility for iShares iBonds Dec 2031 Term Treasury ETF (IBTL) is 0.96%, while iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) has a volatility of 6.29%. This indicates that IBTL experiences smaller price fluctuations and is considered to be less risky than CNX1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTL | CNX1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 6.29% | -5.33% |
Volatility (6M)Calculated over the trailing 6-month period | 2.42% | 12.36% | -9.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.49% | 16.18% | -12.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.43% | 31.49% | -24.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.43% | 26.08% | -18.65% |
IBTL vs. CNX1.L - Expense Ratio Comparison
IBTL has a 0.07% expense ratio, which is lower than CNX1.L's 0.36% expense ratio.
Dividends
IBTL vs. CNX1.L - Dividend Comparison
IBTL's dividend yield for the trailing twelve months is around 3.96%, while CNX1.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CNX1.L iShares NASDAQ 100 UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBTL iShares iBonds Dec 2031 Term Treasury ETF | 3.96% | 3.93% | 4.07% | 3.04% | 2.36% | 0.70% |
Frequently Asked Questions
IBTL and CNX1.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTL is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTL is cheaper with a 0.07% expense ratio, compared with 0.36% for CNX1.L.
IBTL is categorized as Government Bonds, while CNX1.L is Nasdaq-100. IBTL tracks ICE 2031 Maturity US Treasury Index, while CNX1.L tracks NASDAQ-100 Index. Their fees differ too: 0.07% for IBTL and 0.36% for CNX1.L.
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