ISAG.L vs. CNDX.L
ISAG.L (iShares Agribusiness UCITS ETF USD (Acc)) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - ISAG.L is a Global Equities fund tracking the iShares Agribusiness UCITS ETF USD (Acc), while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, ISAG.L returned 7.24%/yr vs 20.97%/yr for CNDX.L. A 0.52 correlation means they provide meaningful diversification when combined. ISAG.L charges 0.55%/yr vs 0.33%/yr for CNDX.L.
Performance
ISAG.L vs. CNDX.L - Performance Comparison
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Returns By Period
In the year-to-date period, ISAG.L achieves a 11.78% return, which is significantly lower than CNDX.L's 15.91% return. Over the past 10 years, ISAG.L has underperformed CNDX.L with an annualized return of 7.24%, while CNDX.L has yielded a comparatively higher 20.97% annualized return.
ISAG.L
- 1D
- 0.72%
- 1M
- 1.26%
- 6M
- 5.61%
- YTD
- 11.78%
- 1Y
- 14.56%
- 3Y*
- 5.53%
- 5Y*
- 4.56%
- 10Y*
- 7.24%
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%
ISAG.L vs. CNDX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISAG.L iShares Agribusiness UCITS ETF USD (Acc) | 11.78% | 16.78% | -5.66% | -8.90% | 2.73% | 23.33% | 10.28% | 17.65% | -12.99% | 19.93% |
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 ISAG.L and CNDX.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2011 | 0.52 |
Over the past year, the correlation between ISAG.L and CNDX.L has dropped to 0.13 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
ISAG.L vs. CNDX.L — Risk / Return Rank
ISAG.L
CNDX.L
ISAG.L vs. CNDX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Agribusiness UCITS ETF USD (Acc) (ISAG.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.
| ISAG.L | CNDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.29 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 2.57 | -1.02 |
| Martin ratioReturn relative to average drawdown | 4.36 | 8.61 | -4.25 |
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Drawdowns
ISAG.L vs. CNDX.L - Drawdown Comparison
The maximum ISAG.L drawdown since its inception was -37.16%, 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 ISAG.L and CNDX.L.
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Drawdown Indicators
| ISAG.L | CNDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.16% | -35.21% | -1.95% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -11.00% | +0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -19.13% | -22.44% | +3.31% |
Max Drawdown (5Y)Largest decline over 5 years | -33.22% | -35.21% | +1.99% |
Max Drawdown (10Y)Largest decline over 10 years | -37.16% | -35.21% | -1.95% |
Current DrawdownCurrent decline from peak | -7.20% | -3.87% | -3.33% |
Average DrawdownAverage peak-to-trough decline | -10.38% | -5.12% | -5.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 3.29% | +0.33% |
Volatility
ISAG.L vs. CNDX.L - Volatility Comparison
The current volatility for iShares Agribusiness UCITS ETF USD (Acc) (ISAG.L) is 2.94%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 5.89%. This indicates that ISAG.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
| ISAG.L | CNDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 5.89% | -2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 10.25% | 13.78% | -3.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.50% | 17.32% | -3.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.62% | 21.15% | -3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.84% | 20.13% | -2.29% |
ISAG.L vs. CNDX.L - Expense Ratio Comparison
ISAG.L has a 0.55% expense ratio, which is higher than CNDX.L's 0.33% expense ratio.
Dividends
ISAG.L vs. CNDX.L - Dividend Comparison
Neither ISAG.L nor CNDX.L has paid dividends to shareholders.
Frequently Asked Questions
ISAG.L and CNDX.L have a correlation of 0.13, 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 0.55% for ISAG.L.
ISAG.L is categorized as Global Equities, while CNDX.L is Nasdaq-100. ISAG.L tracks iShares Agribusiness UCITS ETF USD (Acc), while CNDX.L tracks NASDAQ-100 Index. Their fees differ too: 0.55% for ISAG.L and 0.33% for CNDX.L.
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