IGEA.L vs. CNDX.L
IGEA.L (iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist)) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - IGEA.L is a Government Bonds fund tracking the iShares Emerging Asia Local Govt Bond 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, IGEA.L returned 1.01%/yr vs 20.97%/yr for CNDX.L. At a 0.33 correlation, their price movements are largely independent. IGEA.L charges 0.50%/yr vs 0.33%/yr for CNDX.L.
Performance
IGEA.L vs. CNDX.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGEA.L achieves a -5.98% return, which is significantly lower than CNDX.L's 15.91% return. Over the past 10 years, IGEA.L has underperformed CNDX.L with an annualized return of 1.01%, while CNDX.L has yielded a comparatively higher 20.97% annualized return.
IGEA.L
- 1D
- -0.23%
- 1M
- -0.62%
- 6M
- -5.73%
- YTD
- -5.98%
- 1Y
- -6.63%
- 3Y*
- 0.73%
- 5Y*
- -0.49%
- 10Y*
- 1.01%
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%
IGEA.L vs. CNDX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGEA.L iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | -5.98% | 5.84% | 1.57% | 4.77% | -7.79% | -4.40% | 9.11% | 8.96% | -1.76% | 12.35% |
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 IGEA.L and CNDX.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2012 | 0.33 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGEA.L vs. CNDX.L — Risk / Return Rank
IGEA.L
CNDX.L
IGEA.L vs. CNDX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (IGEA.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.
| IGEA.L | CNDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -3.81 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.29 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 2.57 | -3.34 |
| Martin ratioReturn relative to average drawdown | -1.46 | 8.61 | -10.07 |
Loading charts...
Drawdowns
IGEA.L vs. CNDX.L - Drawdown Comparison
The maximum IGEA.L drawdown since its inception was -21.51%, smaller than the maximum CNDX.L drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for IGEA.L and CNDX.L.
Loading charts...
Drawdown Indicators
| IGEA.L | CNDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.51% | -35.21% | +13.70% |
Max Drawdown (1Y)Largest decline over 1 year | -8.59% | -11.00% | +2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -8.59% | -22.44% | +13.85% |
Max Drawdown (5Y)Largest decline over 5 years | -18.81% | -35.21% | +16.40% |
Max Drawdown (10Y)Largest decline over 10 years | -21.51% | -35.21% | +13.70% |
Current DrawdownCurrent decline from peak | -7.77% | -3.87% | -3.90% |
Average DrawdownAverage peak-to-trough decline | -5.94% | -5.12% | -0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.53% | 3.29% | +1.24% |
Volatility
IGEA.L vs. CNDX.L - Volatility Comparison
The current volatility for iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (IGEA.L) is 1.16%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 5.89%. This indicates that IGEA.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.
Loading charts...
Volatility by Period
| IGEA.L | CNDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 5.89% | -4.73% |
Volatility (6M)Calculated over the trailing 6-month period | 5.25% | 13.78% | -8.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.06% | 17.32% | -11.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.40% | 21.15% | -14.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.33% | 20.13% | -13.80% |
IGEA.L vs. CNDX.L - Expense Ratio Comparison
IGEA.L has a 0.50% expense ratio, which is higher than CNDX.L's 0.33% expense ratio.
Dividends
IGEA.L vs. CNDX.L - Dividend Comparison
IGEA.L's dividend yield for the trailing twelve months is around 1.78%, 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% |
IGEA.L iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | 1.78% | 3.24% | 3.07% | 2.87% | 2.96% | 2.42% | 2.80% | 2.46% | 2.57% | 2.02% | 3.01% | 1.18% |
Frequently Asked Questions
IGEA.L and CNDX.L have a correlation of 0.31, 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 IGEA.L.
IGEA.L is categorized as Government Bonds, while CNDX.L is Nasdaq-100. IGEA.L tracks iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist), while CNDX.L tracks NASDAQ-100 Index. Their fees differ too: 0.50% for IGEA.L and 0.33% for CNDX.L.
Find the right allocation for IGEA.L and CNDX.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer