IDNA.L vs. CNDX.L
IDNA.L (iShares MSCI North America UCITS ETF) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - IDNA.L is a Global Equities fund tracking the iShares MSCI North America UCITS ETF, while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, IDNA.L returned 14.35%/yr vs 20.97%/yr for CNDX.L. Their correlation of 0.88 suggests significant overlap in exposure. IDNA.L charges 0.40%/yr vs 0.33%/yr for CNDX.L.
Performance
IDNA.L vs. CNDX.L - Performance Comparison
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Returns By Period
In the year-to-date period, IDNA.L achieves a 10.19% return, which is significantly lower than CNDX.L's 15.91% return. Over the past 10 years, IDNA.L has underperformed CNDX.L with an annualized return of 14.35%, while CNDX.L has yielded a comparatively higher 20.97% annualized return.
IDNA.L
- 1D
- 0.17%
- 1M
- 0.35%
- 6M
- 9.68%
- YTD
- 10.19%
- 1Y
- 21.59%
- 3Y*
- 19.80%
- 5Y*
- 12.29%
- 10Y*
- 14.35%
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%
IDNA.L vs. CNDX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDNA.L iShares MSCI North America UCITS ETF | 10.19% | 17.55% | 24.50% | 26.38% | -19.84% | 27.07% | 19.54% | 30.25% | -6.70% | 21.02% |
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 IDNA.L and CNDX.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2010 | 0.88 |
The correlation between IDNA.L and CNDX.L has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
IDNA.L vs. CNDX.L — Risk / Return Rank
IDNA.L
CNDX.L
IDNA.L vs. CNDX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI North America UCITS ETF (IDNA.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.
| IDNA.L | CNDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.29 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.57 | +0.09 |
| Martin ratioReturn relative to average drawdown | 10.76 | 8.61 | +2.15 |
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Drawdowns
IDNA.L vs. CNDX.L - Drawdown Comparison
The maximum IDNA.L drawdown since its inception was -56.08%, 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 IDNA.L and CNDX.L.
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Drawdown Indicators
| IDNA.L | CNDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.08% | -35.21% | -20.87% |
Max Drawdown (1Y)Largest decline over 1 year | -8.35% | -11.00% | +2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -18.54% | -22.44% | +3.90% |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | -35.21% | +10.11% |
Max Drawdown (10Y)Largest decline over 10 years | -34.62% | -35.21% | +0.59% |
Current DrawdownCurrent decline from peak | -0.37% | -3.87% | +3.50% |
Average DrawdownAverage peak-to-trough decline | -8.95% | -5.12% | -3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 3.29% | -1.22% |
Volatility
IDNA.L vs. CNDX.L - Volatility Comparison
The current volatility for iShares MSCI North America UCITS ETF (IDNA.L) is 2.95%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 5.89%. This indicates that IDNA.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
| IDNA.L | CNDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 5.89% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 9.26% | 13.78% | -4.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.07% | 17.32% | -5.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 21.15% | -4.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.20% | 20.13% | -3.93% |
IDNA.L vs. CNDX.L - Expense Ratio Comparison
IDNA.L has a 0.40% expense ratio, which is higher than CNDX.L's 0.33% expense ratio.
Dividends
IDNA.L vs. CNDX.L - Dividend Comparison
IDNA.L's dividend yield for the trailing twelve months is around 0.60%, 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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDNA.L iShares MSCI North America UCITS ETF | 0.60% | 0.66% | 0.77% | 0.96% | 1.13% | 0.76% | 1.03% | 1.23% | 1.45% | 1.27% | 1.42% | 1.56% |
Frequently Asked Questions
With a correlation of 0.90, IDNA.L and CNDX.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.40% for IDNA.L.
IDNA.L is categorized as Global Equities, while CNDX.L is Nasdaq-100. IDNA.L tracks iShares MSCI North America UCITS ETF, while CNDX.L tracks NASDAQ-100 Index. Their fees differ too: 0.40% for IDNA.L and 0.33% for CNDX.L.
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