IGLO.L vs. CNDX.L
IGLO.L (iShares Global Government Bond UCITS) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - IGLO.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD, while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, IGLO.L returned -0.82%/yr vs 21.62%/yr for CNDX.L. At a correlation of -0.03, they often move in opposite directions. IGLO.L charges 0.20%/yr vs 0.33%/yr for CNDX.L.
Performance
IGLO.L vs. CNDX.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGLO.L achieves a -1.63% return, which is significantly lower than CNDX.L's 19.65% return. Over the past 10 years, IGLO.L has underperformed CNDX.L with an annualized return of -0.82%, while CNDX.L has yielded a comparatively higher 21.62% annualized return.
IGLO.L
- 1D
- 0.19%
- 1M
- -0.07%
- YTD
- -1.63%
- 6M
- -1.00%
- 1Y
- -0.09%
- 3Y*
- 1.45%
- 5Y*
- -3.35%
- 10Y*
- -0.82%
CNDX.L
- 1D
- -0.66%
- 1M
- 8.52%
- YTD
- 19.65%
- 6M
- 19.10%
- 1Y
- 40.28%
- 3Y*
- 27.98%
- 5Y*
- 17.61%
- 10Y*
- 21.62%
IGLO.L vs. CNDX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLO.L iShares Global Government Bond UCITS | -1.63% | 7.14% | -3.65% | 4.00% | -17.69% | -6.89% | 9.38% | 5.53% | -0.30% | 6.12% |
CNDX.L iShares NASDAQ 100 UCITS ETF | 19.65% | 19.75% | 26.45% | 56.31% | -33.45% | 27.96% | 48.33% | 38.07% | -1.03% | 32.36% |
Correlation
The correlation between IGLO.L and CNDX.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2010 | -0.03 |
The correlation between IGLO.L and CNDX.L shifts across timeframes, from -0.03 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IGLO.L vs. CNDX.L — Risk / Return Rank
IGLO.L
CNDX.L
IGLO.L vs. CNDX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Government Bond UCITS (IGLO.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.
| IGLO.L | CNDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.53 | ||
| Sortino ratioReturn per unit of downside risk | -3.48 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.43 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 3.61 | -3.63 |
| Martin ratioReturn relative to average drawdown | -0.05 | 13.03 | -13.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IGLO.L | CNDX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 2.52 | -2.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | 0.84 | -1.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.12 | 1.07 | -1.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 1.12 | -1.00 |
Drawdowns
IGLO.L vs. CNDX.L - Drawdown Comparison
The maximum IGLO.L drawdown since its inception was -28.01%, smaller than the maximum CNDX.L drawdown of -35.17%. Use the drawdown chart below to compare losses from any high point for IGLO.L and CNDX.L.
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Drawdown Indicators
| IGLO.L | CNDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.01% | -35.17% | +7.16% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -11.00% | +6.72% |
Max Drawdown (3Y)Largest decline over 3 years | -7.93% | -22.44% | +14.51% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -35.17% | +9.29% |
Max Drawdown (10Y)Largest decline over 10 years | -28.01% | -35.17% | +7.16% |
Current DrawdownCurrent decline from peak | -19.08% | -0.76% | -18.32% |
Average DrawdownAverage peak-to-trough decline | -8.75% | -5.30% | -3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 3.07% | -1.40% |
Volatility
IGLO.L vs. CNDX.L - Volatility Comparison
The current volatility for iShares Global Government Bond UCITS (IGLO.L) is 2.20%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 4.90%. This indicates that IGLO.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
| IGLO.L | CNDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 4.90% | -2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 11.88% | -7.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.89% | 15.79% | -9.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.46% | 20.87% | -13.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.66% | 20.07% | -13.41% |
IGLO.L vs. CNDX.L - Expense Ratio Comparison
IGLO.L has a 0.20% expense ratio, which is lower than CNDX.L's 0.33% expense ratio.
Dividends
IGLO.L vs. CNDX.L - Dividend Comparison
IGLO.L's dividend yield for the trailing twelve months is around 3.09%, 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% | 0.02% | 0.05% | 0.06% | 0.03% | 0.04% | 0.07% | 0.06% | 0.30% | 0.16% | 0.16% |
IGLO.L iShares Global Government Bond UCITS | 3.09% | 2.86% | 2.51% | 1.47% | 0.78% | 0.63% | 0.99% | 1.21% | 1.07% | 0.93% | 1.09% | 0.60% |
Frequently Asked Questions
IGLO.L and CNDX.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGLO.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLO.L is cheaper with a 0.20% expense ratio, compared with 0.33% for CNDX.L.
IGLO.L is categorized as Global Bonds, while CNDX.L is Nasdaq-100. IGLO.L tracks Bloomberg Global Aggregate TR USD, while CNDX.L tracks NASDAQ-100 Index. Their fees differ too: 0.20% for IGLO.L and 0.33% for CNDX.L.
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