IGSG.AS vs. CNDX.AS
IGSG.AS (iShares Dow Jones Global Sustainability Screened UCITS ETF) and CNDX.AS (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - IGSG.AS is a Global Equities fund tracking the MSCI ACWI NR USD, while CNDX.AS is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, IGSG.AS returned 12.01%/yr vs 21.25%/yr for CNDX.AS. A 0.77 correlation means they provide meaningful diversification when combined. IGSG.AS charges 0.60%/yr vs 0.36%/yr for CNDX.AS.
Performance
IGSG.AS vs. CNDX.AS - Performance Comparison
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Returns By Period
In the year-to-date period, IGSG.AS achieves a 10.10% return, which is significantly lower than CNDX.AS's 20.95% return. Over the past 10 years, IGSG.AS has underperformed CNDX.AS with an annualized return of 12.01%, while CNDX.AS has yielded a comparatively higher 21.25% annualized return.
IGSG.AS
- 1D
- 0.07%
- 1M
- 5.16%
- YTD
- 10.10%
- 6M
- 11.53%
- 1Y
- 21.22%
- 3Y*
- 14.82%
- 5Y*
- 11.67%
- 10Y*
- 12.01%
CNDX.AS
- 1D
- -0.77%
- 1M
- 9.31%
- YTD
- 20.95%
- 6M
- 19.45%
- 1Y
- 37.78%
- 3Y*
- 24.53%
- 5Y*
- 18.67%
- 10Y*
- 21.25%
IGSG.AS vs. CNDX.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGSG.AS iShares Dow Jones Global Sustainability Screened UCITS ETF | 10.10% | 8.59% | 18.22% | 22.31% | -12.70% | 31.66% | 4.00% | 28.06% | -4.00% | 7.54% |
CNDX.AS iShares NASDAQ 100 UCITS ETF | 20.95% | 6.16% | 35.29% | 50.41% | -29.90% | 38.80% | 35.83% | 40.51% | 4.53% | 16.12% |
Correlation
The correlation between IGSG.AS and CNDX.AS is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2011 | 0.77 |
The correlation between IGSG.AS and CNDX.AS has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
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Return for Risk
IGSG.AS vs. CNDX.AS — Risk / Return Rank
IGSG.AS
CNDX.AS
IGSG.AS vs. CNDX.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Dow Jones Global Sustainability Screened UCITS ETF (IGSG.AS) and iShares NASDAQ 100 UCITS ETF (CNDX.AS). 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.
| IGSG.AS | CNDX.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.43 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 3.70 | -0.76 |
| Martin ratioReturn relative to average drawdown | 11.26 | 11.01 | +0.25 |
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
| IGSG.AS | CNDX.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 2.41 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.93 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 1.07 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 1.03 | -0.91 |
Drawdowns
IGSG.AS vs. CNDX.AS - Drawdown Comparison
The maximum IGSG.AS drawdown since its inception was -44.01%, which is greater than CNDX.AS's maximum drawdown of -31.21%. Use the drawdown chart below to compare losses from any high point for IGSG.AS and CNDX.AS.
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Drawdown Indicators
| IGSG.AS | CNDX.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.01% | -31.21% | -12.80% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -10.06% | +2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -19.27% | -26.57% | +7.30% |
Max Drawdown (5Y)Largest decline over 5 years | -19.27% | -31.21% | +11.94% |
Max Drawdown (10Y)Largest decline over 10 years | -32.91% | -31.21% | -1.70% |
Current DrawdownCurrent decline from peak | -0.36% | -0.77% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -11.77% | -5.45% | -6.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 3.41% | -1.54% |
Volatility
IGSG.AS vs. CNDX.AS - Volatility Comparison
The current volatility for iShares Dow Jones Global Sustainability Screened UCITS ETF (IGSG.AS) is 3.31%, while iShares NASDAQ 100 UCITS ETF (CNDX.AS) has a volatility of 4.35%. This indicates that IGSG.AS experiences smaller price fluctuations and is considered to be less risky than CNDX.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGSG.AS | CNDX.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 4.35% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 8.47% | 10.74% | -2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.06% | 15.45% | -4.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.54% | 19.72% | -6.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.26% | 19.61% | -3.35% |
IGSG.AS vs. CNDX.AS - Expense Ratio Comparison
IGSG.AS has a 0.60% expense ratio, which is higher than CNDX.AS's 0.36% expense ratio.
Dividends
IGSG.AS vs. CNDX.AS - Dividend Comparison
Neither IGSG.AS nor CNDX.AS has paid dividends to shareholders.
Frequently Asked Questions
IGSG.AS and CNDX.AS have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNDX.AS is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNDX.AS is cheaper with a 0.36% expense ratio, compared with 0.60% for IGSG.AS.
IGSG.AS is categorized as Global Equities, while CNDX.AS is Nasdaq-100. IGSG.AS tracks MSCI ACWI NR USD, while CNDX.AS tracks NASDAQ-100 Index. Their fees differ too: 0.60% for IGSG.AS and 0.36% for CNDX.AS.
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