IKSD.L vs. CNDX.L
IKSD.L (iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist)) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - IKSD.L is a Global Equities fund tracking the iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist), while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, IKSD.L returned 1.64%/yr vs 15.27%/yr for CNDX.L. At a 0.37 correlation, their price movements are largely independent. IKSD.L charges 0.60%/yr vs 0.33%/yr for CNDX.L.
Performance
IKSD.L vs. CNDX.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IKSD.L achieves a 2.62% return, which is significantly lower than CNDX.L's 15.91% return.
IKSD.L
- 1D
- 0.04%
- 1M
- -3.32%
- 6M
- -2.78%
- YTD
- 2.62%
- 1Y
- 1.40%
- 3Y*
- -0.83%
- 5Y*
- 1.64%
- 10Y*
- —
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%
IKSD.L vs. CNDX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IKSD.L iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) | 2.62% | -5.43% | 0.13% | 9.58% | -5.52% | 36.62% | 0.63% | -13.40% |
CNDX.L iShares NASDAQ 100 UCITS ETF | 15.91% | 19.75% | 26.42% | 56.22% | -33.49% | 27.92% | 48.25% | 11.77% |
Correlation
The correlation between IKSD.L and CNDX.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2019 | 0.37 |
The correlation between IKSD.L and CNDX.L shifts across timeframes, from 0.26 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
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
IKSD.L vs. CNDX.L — Risk / Return Rank
IKSD.L
CNDX.L
IKSD.L vs. CNDX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) (IKSD.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.
| IKSD.L | CNDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.29 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 2.57 | -2.43 |
| Martin ratioReturn relative to average drawdown | 0.30 | 8.61 | -8.31 |
Loading charts...
Drawdowns
IKSD.L vs. CNDX.L - Drawdown Comparison
The maximum IKSD.L drawdown since its inception was -41.86%, 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 IKSD.L and CNDX.L.
Loading charts...
Drawdown Indicators
| IKSD.L | CNDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.86% | -35.21% | -6.65% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -11.00% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -15.71% | -22.44% | +6.73% |
Max Drawdown (5Y)Largest decline over 5 years | -29.80% | -35.21% | +5.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.21% | — |
Current DrawdownCurrent decline from peak | -19.55% | -3.87% | -15.68% |
Average DrawdownAverage peak-to-trough decline | -15.83% | -5.12% | -10.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.27% | 3.29% | +1.98% |
Volatility
IKSD.L vs. CNDX.L - Volatility Comparison
The current volatility for iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) (IKSD.L) is 2.12%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 5.89%. This indicates that IKSD.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
| IKSD.L | CNDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 5.89% | -3.77% |
Volatility (6M)Calculated over the trailing 6-month period | 10.29% | 13.78% | -3.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.83% | 17.32% | -2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.51% | 21.15% | -5.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.46% | 20.13% | -1.67% |
IKSD.L vs. CNDX.L - Expense Ratio Comparison
IKSD.L has a 0.60% expense ratio, which is higher than CNDX.L's 0.33% expense ratio.
Dividends
IKSD.L vs. CNDX.L - Dividend Comparison
IKSD.L's dividend yield for the trailing twelve months is around 3.64%, while CNDX.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CNDX.L iShares NASDAQ 100 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IKSD.L iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) | 3.64% | 3.52% | 2.71% | 2.12% | 1.80% | 1.26% | 3.25% |
Frequently Asked Questions
IKSD.L and CNDX.L have a correlation of 0.26, 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 0.60% for IKSD.L.
IKSD.L is categorized as Global Equities, while CNDX.L is Nasdaq-100. IKSD.L tracks iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist), while CNDX.L tracks NASDAQ-100 Index. Their fees differ too: 0.60% for IKSD.L and 0.33% for CNDX.L.
Find the right allocation for IKSD.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