IPXJ.L vs. CNDX.L
IPXJ.L (iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist)) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - IPXJ.L is a Japan Equities fund tracking the iShares MSCI Pacific ex-Japan 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, IPXJ.L returned 7.06%/yr vs 20.97%/yr for CNDX.L. A 0.62 correlation means they provide meaningful diversification when combined. IPXJ.L charges 0.60%/yr vs 0.33%/yr for CNDX.L.
Performance
IPXJ.L vs. CNDX.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IPXJ.L achieves a 10.20% return, which is significantly lower than CNDX.L's 15.91% return. Over the past 10 years, IPXJ.L has underperformed CNDX.L with an annualized return of 7.06%, while CNDX.L has yielded a comparatively higher 20.97% annualized return.
IPXJ.L
- 1D
- -0.55%
- 1M
- 1.44%
- 6M
- 8.32%
- YTD
- 10.20%
- 1Y
- 15.90%
- 3Y*
- 12.30%
- 5Y*
- 5.56%
- 10Y*
- 7.06%
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%
IPXJ.L vs. CNDX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) | 10.20% | 19.91% | 4.45% | 5.64% | -6.26% | 3.62% | 6.65% | 17.59% | -10.82% | 25.42% |
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 IPXJ.L and CNDX.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2010 | 0.62 |
The correlation between IPXJ.L and CNDX.L has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.
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
IPXJ.L vs. CNDX.L — Risk / Return Rank
IPXJ.L
CNDX.L
IPXJ.L vs. CNDX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) (IPXJ.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.
| IPXJ.L | CNDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.29 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.57 | -0.76 |
| Martin ratioReturn relative to average drawdown | 4.92 | 8.61 | -3.69 |
Loading charts...
Drawdowns
IPXJ.L vs. CNDX.L - Drawdown Comparison
The maximum IPXJ.L drawdown since its inception was -38.93%, 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 IPXJ.L and CNDX.L.
Loading charts...
Drawdown Indicators
| IPXJ.L | CNDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.93% | -35.21% | -3.72% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -11.00% | +2.47% |
Max Drawdown (3Y)Largest decline over 3 years | -18.67% | -22.44% | +3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -24.44% | -35.21% | +10.77% |
Max Drawdown (10Y)Largest decline over 10 years | -38.93% | -35.21% | -3.72% |
Current DrawdownCurrent decline from peak | -1.69% | -3.87% | +2.18% |
Average DrawdownAverage peak-to-trough decline | -8.62% | -5.12% | -3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 3.29% | -0.14% |
Volatility
IPXJ.L vs. CNDX.L - Volatility Comparison
The current volatility for iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) (IPXJ.L) is 3.37%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 5.89%. This indicates that IPXJ.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
| IPXJ.L | CNDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 5.89% | -2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 11.42% | 13.78% | -2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.84% | 17.32% | -3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.21% | 21.15% | -3.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.71% | 20.13% | -2.42% |
IPXJ.L vs. CNDX.L - Expense Ratio Comparison
IPXJ.L has a 0.60% expense ratio, which is higher than CNDX.L's 0.33% expense ratio.
Dividends
IPXJ.L vs. CNDX.L - Dividend Comparison
IPXJ.L's dividend yield for the trailing twelve months is around 3.56%, 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% |
IPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) | 3.56% | 2.88% | 3.49% | 3.50% | 3.76% | 2.92% | 2.45% | 3.58% | 3.92% | 3.19% | 3.48% | 3.44% |
Frequently Asked Questions
IPXJ.L and CNDX.L have a correlation of 0.57, 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 IPXJ.L.
IPXJ.L is categorized as Japan Equities, while CNDX.L is Nasdaq-100. IPXJ.L tracks iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist), while CNDX.L tracks NASDAQ-100 Index. Their fees differ too: 0.60% for IPXJ.L and 0.33% for CNDX.L.
Find the right allocation for IPXJ.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