IEDY.L vs. CNDX.L

Last updated Jul 16, 2026

IEDY.L (iShares EM Dividend UCITS ETF USD (Dist)) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - IEDY.L is a Dividend fund tracking the iShares EM Dividend UCITS ETF USD (Dist), while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, IEDY.L returned 6.30%/yr vs 20.97%/yr for CNDX.L. A 0.56 correlation means they provide meaningful diversification when combined. IEDY.L charges 0.65%/yr vs 0.33%/yr for CNDX.L.

Performance

IEDY.L vs. CNDX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares EM Dividend UCITS ETF USD (Dist) (IEDY.L) and iShares NASDAQ 100 UCITS ETF (CNDX.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IEDY.L achieves a 9.51% return, which is significantly lower than CNDX.L's 15.91% return. Over the past 10 years, IEDY.L has underperformed CNDX.L with an annualized return of 6.30%, while CNDX.L has yielded a comparatively higher 20.97% annualized return.

IEDY.L

• 1D: 0.11%
• 1M: -2.31%
• 6M: 4.97%
• YTD: 9.51%
• 1Y: 22.53%
• 3Y*: 18.74%
• 5Y*: 4.86%
• 10Y*: 6.30%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IEDY.L vs. CNDX.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IEDY.L iShares EM Dividend UCITS ETF USD (Dist)	9.51%	27.60%	7.02%	19.23%	-30.77%	11.02%	-2.56%	13.94%	-5.15%	25.92%
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 IEDY.L and CNDX.L is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Nov 25, 2011	0.56

The correlation between IEDY.L and CNDX.L has been stable across timeframes, ranging from 0.49 to 0.56 - a consistent structural relationship.

Return for Risk

IEDY.L vs. CNDX.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IEDY.L

IEDY.L Risk / Return Rank: 56
IEDY.L Sharpe Ratio Rank: 57
IEDY.L Sortino Ratio Rank: 54
IEDY.L Omega Ratio Rank: 53
IEDY.L Calmar Ratio Rank: 61
IEDY.L Martin Ratio Rank: 53

CNDX.L

CNDX.L Risk / Return Rank: 61
CNDX.L Sharpe Ratio Rank: 61
CNDX.L Sortino Ratio Rank: 63
CNDX.L Omega Ratio Rank: 58
CNDX.L Calmar Ratio Rank: 64
CNDX.L Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IEDY.L vs. CNDX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares EM Dividend UCITS ETF USD (Dist) (IEDY.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.

	IEDY.L	CNDX.L	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.63	-0.08
Sortino ratio: Return per unit of downside risk	2.16	2.35	-0.19
Omega ratio: Gain probability vs. loss probability	1.27	1.29	-0.01
Calmar ratio: Return relative to maximum drawdown	2.48	2.57	-0.09
Martin ratio: Return relative to average drawdown	7.27	8.61	-1.34

IEDY.L vs. CNDX.L - Sharpe Ratio Comparison

The current IEDY.L Sharpe Ratio is 1.55, which is comparable to the CNDX.L Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of IEDY.L and CNDX.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IEDY.L vs. CNDX.L - Drawdown Comparison

The maximum IEDY.L drawdown since its inception was -48.42%, 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 IEDY.L and CNDX.L.

Drawdown Indicators

	IEDY.L	CNDX.L	Difference
Max Drawdown Largest peak-to-trough decline	-48.42%	-35.21%	-13.21%
Max Drawdown (1Y) Largest decline over 1 year	-9.00%	-11.00%	+2.00%
Max Drawdown (3Y) Largest decline over 3 years	-14.34%	-22.44%	+8.10%
Max Drawdown (5Y) Largest decline over 5 years	-41.24%	-35.21%	-6.03%
Max Drawdown (10Y) Largest decline over 10 years	-41.24%	-35.21%	-6.03%
Current Drawdown Current decline from peak	-5.04%	-3.87%	-1.17%
Average Drawdown Average peak-to-trough decline	-15.43%	-5.12%	-10.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	3.29%	-0.22%

Volatility

IEDY.L vs. CNDX.L - Volatility Comparison

The current volatility for iShares EM Dividend UCITS ETF USD (Dist) (IEDY.L) is 4.04%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 5.89%. This indicates that IEDY.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.

Volatility by Period

	IEDY.L	CNDX.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	5.89%	-1.85%
Volatility (6M) Calculated over the trailing 6-month period	11.98%	13.78%	-1.80%
Volatility (1Y) Calculated over the trailing 1-year period	14.37%	17.32%	-2.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.26%	21.15%	-3.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.36%	20.13%	-1.77%

IEDY.L vs. CNDX.L - Expense Ratio Comparison

IEDY.L has a 0.65% expense ratio, which is higher than CNDX.L's 0.33% expense ratio.

Dividends

IEDY.L vs. CNDX.L - Dividend Comparison

IEDY.L's dividend yield for the trailing twelve months is around 5.09%, 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%
IEDY.L iShares EM Dividend UCITS ETF USD (Dist)	5.09%	5.72%	7.94%	7.91%	9.38%	6.57%	4.79%	5.59%	5.69%	3.96%	4.59%	6.51%

Frequently Asked Questions

Can I hold both IEDY.L and CNDX.L in my portfolio?

IEDY.L and CNDX.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IEDY.L or CNDX.L?

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.

Which ETF is cheaper, IEDY.L or CNDX.L?

CNDX.L is cheaper with a 0.33% expense ratio, compared with 0.65% for IEDY.L.

What is the main difference between IEDY.L and CNDX.L?

IEDY.L is categorized as Dividend, while CNDX.L is Nasdaq-100. IEDY.L tracks iShares EM Dividend UCITS ETF USD (Dist), while CNDX.L tracks NASDAQ-100 Index. Their fees differ too: 0.65% for IEDY.L and 0.33% for CNDX.L.