IMBS.L vs. CNDX.L
IMBS.L (iShares US Mortgage Backed Securities UCITS ETF USD (Dist)) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - IMBS.L is a Global Equities fund tracking the iShares US Mortgage Backed Securities 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, IMBS.L returned 1.01%/yr vs 20.97%/yr for CNDX.L. At a 0.10 correlation, their price movements are largely independent. IMBS.L charges 0.28%/yr vs 0.33%/yr for CNDX.L.
Performance
IMBS.L vs. CNDX.L - Performance Comparison
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Returns By Period
In the year-to-date period, IMBS.L achieves a -0.33% return, which is significantly lower than CNDX.L's 15.91% return. Over the past 10 years, IMBS.L has underperformed CNDX.L with an annualized return of 1.01%, while CNDX.L has yielded a comparatively higher 20.97% annualized return.
IMBS.L
- 1D
- -0.04%
- 1M
- -0.33%
- 6M
- -0.09%
- YTD
- -0.33%
- 1Y
- 5.49%
- 3Y*
- 4.05%
- 5Y*
- 0.06%
- 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%
IMBS.L vs. CNDX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMBS.L iShares US Mortgage Backed Securities UCITS ETF USD (Dist) | -0.33% | 8.60% | 1.54% | 3.57% | -11.37% | -1.69% | 4.04% | 6.52% | -0.09% | 2.90% |
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 IMBS.L and CNDX.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.10 |
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Return for Risk
IMBS.L vs. CNDX.L — Risk / Return Rank
IMBS.L
CNDX.L
IMBS.L vs. CNDX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Mortgage Backed Securities UCITS ETF USD (Dist) (IMBS.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.
| IMBS.L | CNDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.29 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.57 | -0.97 |
| Martin ratioReturn relative to average drawdown | 5.11 | 8.61 | -3.51 |
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Drawdowns
IMBS.L vs. CNDX.L - Drawdown Comparison
The maximum IMBS.L drawdown since its inception was -18.09%, smaller than the maximum CNDX.L drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for IMBS.L and CNDX.L.
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Drawdown Indicators
| IMBS.L | CNDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.09% | -35.21% | +17.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -11.00% | +7.74% |
Max Drawdown (3Y)Largest decline over 3 years | -7.51% | -22.44% | +14.93% |
Max Drawdown (5Y)Largest decline over 5 years | -17.67% | -35.21% | +17.54% |
Max Drawdown (10Y)Largest decline over 10 years | -18.09% | -35.21% | +17.12% |
Current DrawdownCurrent decline from peak | -1.49% | -3.87% | +2.38% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -5.12% | +0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 3.29% | -2.27% |
Volatility
IMBS.L vs. CNDX.L - Volatility Comparison
The current volatility for iShares US Mortgage Backed Securities UCITS ETF USD (Dist) (IMBS.L) is 1.37%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 5.89%. This indicates that IMBS.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
| IMBS.L | CNDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 5.89% | -4.52% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 13.78% | -9.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.17% | 17.32% | -11.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.77% | 21.15% | -13.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.35% | 20.13% | -13.78% |
IMBS.L vs. CNDX.L - Expense Ratio Comparison
IMBS.L has a 0.28% expense ratio, which is lower than CNDX.L's 0.33% expense ratio.
Dividends
IMBS.L vs. CNDX.L - Dividend Comparison
IMBS.L's dividend yield for the trailing twelve months is around 3.74%, while CNDX.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IMBS.L iShares US Mortgage Backed Securities UCITS ETF USD (Dist) | 3.74% | 3.58% | 3.55% | 3.23% | 2.42% | 2.24% | 2.56% | 2.99% | 3.04% | 2.89% | 1.53% |
Frequently Asked Questions
IMBS.L and CNDX.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IMBS.L is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IMBS.L is cheaper with a 0.28% expense ratio, compared with 0.33% for CNDX.L.
IMBS.L is categorized as Global Equities, while CNDX.L is Nasdaq-100. IMBS.L tracks iShares US Mortgage Backed Securities UCITS ETF USD (Dist), while CNDX.L tracks NASDAQ-100 Index. Their fees differ too: 0.28% for IMBS.L and 0.33% for CNDX.L.
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