ISPE.L vs. CNDX.L
ISPE.L (iShares S&P 500 Equal Weight UCITS ETF) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - ISPE.L is a Global Equities fund tracking the iShares S&P 500 Equal Weight UCITS ETF, while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, ISPE.L returned 12.67%/yr vs 22.42%/yr for CNDX.L. A 0.52 correlation means they provide meaningful diversification when combined. ISPE.L charges 0.17%/yr vs 0.33%/yr for CNDX.L.
Performance
ISPE.L vs. CNDX.L - Performance Comparison
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Different Trading Currencies
ISPE.L is traded in GBP, while CNDX.L is traded in USD. To make them comparable, the CNDX.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, ISPE.L achieves a 10.81% return, which is significantly lower than CNDX.L's 15.44% return.
ISPE.L
- 1D
- -0.48%
- 1M
- -0.08%
- 6M
- 7.91%
- YTD
- 10.81%
- 1Y
- 17.47%
- 3Y*
- 12.67%
- 5Y*
- —
- 10Y*
- —
CNDX.L
- 1D
- -1.70%
- 1M
- -4.33%
- 6M
- 15.30%
- YTD
- 15.44%
- 1Y
- 27.03%
- 3Y*
- 22.42%
- 5Y*
- 15.67%
- 10Y*
- 20.65%
ISPE.L vs. CNDX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ISPE.L iShares S&P 500 Equal Weight UCITS ETF | 10.81% | 11.30% | 11.48% | 12.23% | -3.77% |
CNDX.L iShares NASDAQ 100 UCITS ETF | 15.44% | 11.22% | 28.63% | 48.41% | -15.47% |
Correlation
The correlation between ISPE.L and CNDX.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2022 | 0.52 |
The correlation between ISPE.L and CNDX.L has been stable across timeframes, ranging from 0.42 to 0.52 - a consistent structural relationship.
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Return for Risk
ISPE.L vs. CNDX.L — Risk / Return Rank
ISPE.L
CNDX.L
ISPE.L vs. CNDX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Equal Weight UCITS ETF (ISPE.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.
| ISPE.L | CNDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.28 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 2.42 | +0.32 |
| Martin ratioReturn relative to average drawdown | 9.72 | 6.60 | +3.13 |
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Drawdowns
ISPE.L vs. CNDX.L - Drawdown Comparison
The maximum ISPE.L drawdown since its inception was -18.22%, smaller than the maximum CNDX.L drawdown of -27.78%. Use the drawdown chart below to compare losses from any high point for ISPE.L and CNDX.L.
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Drawdown Indicators
| ISPE.L | CNDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.22% | -27.78% | +9.56% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -11.11% | +4.21% |
Max Drawdown (3Y)Largest decline over 3 years | -18.22% | -24.37% | +6.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.78% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.78% | — |
Current DrawdownCurrent decline from peak | -1.01% | -5.16% | +4.15% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -4.54% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 4.09% | -2.14% |
Volatility
ISPE.L vs. CNDX.L - Volatility Comparison
The current volatility for iShares S&P 500 Equal Weight UCITS ETF (ISPE.L) is 2.86%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 6.03%. This indicates that ISPE.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
| ISPE.L | CNDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 6.03% | -3.17% |
Volatility (6M)Calculated over the trailing 6-month period | 7.96% | 13.55% | -5.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.88% | 17.31% | -6.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.63% | 20.37% | -5.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.63% | 20.19% | -5.56% |
ISPE.L vs. CNDX.L - Expense Ratio Comparison
ISPE.L has a 0.17% expense ratio, which is lower than CNDX.L's 0.33% expense ratio.
Dividends
ISPE.L vs. CNDX.L - Dividend Comparison
Neither ISPE.L nor CNDX.L has paid dividends to shareholders.
Frequently Asked Questions
ISPE.L and CNDX.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISPE.L is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISPE.L is cheaper with a 0.17% expense ratio, compared with 0.33% for CNDX.L.
ISPE.L is categorized as Global Equities, while CNDX.L is Nasdaq-100. ISPE.L tracks iShares S&P 500 Equal Weight UCITS ETF, while CNDX.L tracks NASDAQ-100 Index. Their fees differ too: 0.17% for ISPE.L and 0.33% for CNDX.L.
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