IUAG.L vs. CNDX.L
IUAG.L (iShares US Aggregate Bond UCITS ETF USD Distributing) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - IUAG.L is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index, while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, IUAG.L returned 1.37%/yr vs 21.62%/yr for CNDX.L. At a 0.01 correlation, their price movements are largely independent. IUAG.L charges 0.25%/yr vs 0.33%/yr for CNDX.L.
Performance
IUAG.L vs. CNDX.L - Performance Comparison
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Returns By Period
In the year-to-date period, IUAG.L achieves a 0.03% return, which is significantly lower than CNDX.L's 19.65% return. Over the past 10 years, IUAG.L has underperformed CNDX.L with an annualized return of 1.37%, while CNDX.L has yielded a comparatively higher 21.62% annualized return.
IUAG.L
- 1D
- 0.22%
- 1M
- 0.23%
- YTD
- 0.03%
- 6M
- 0.43%
- 1Y
- 4.52%
- 3Y*
- 3.72%
- 5Y*
- -0.08%
- 10Y*
- 1.37%
CNDX.L
- 1D
- -0.66%
- 1M
- 8.52%
- YTD
- 19.65%
- 6M
- 19.10%
- 1Y
- 40.28%
- 3Y*
- 27.98%
- 5Y*
- 17.61%
- 10Y*
- 21.62%
IUAG.L vs. CNDX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUAG.L iShares US Aggregate Bond UCITS ETF USD Distributing | 0.03% | 7.04% | 1.36% | 5.02% | -12.86% | -2.00% | 7.04% | 8.64% | -0.37% | 3.49% |
CNDX.L iShares NASDAQ 100 UCITS ETF | 19.65% | 19.75% | 26.45% | 56.31% | -33.45% | 27.96% | 48.33% | 38.07% | -1.03% | 32.36% |
Correlation
The correlation between IUAG.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 | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2011 | 0.01 |
Over the past year, IUAG.L and CNDX.L have become more correlated (0.26) than their long-term average of 0.01, meaning their price movements have been converging.
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Return for Risk
IUAG.L vs. CNDX.L — Risk / Return Rank
IUAG.L
CNDX.L
IUAG.L vs. CNDX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Aggregate Bond UCITS ETF USD Distributing (IUAG.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.
| IUAG.L | CNDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.43 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 3.61 | -2.12 |
| Martin ratioReturn relative to average drawdown | 4.62 | 13.03 | -8.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IUAG.L | CNDX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 2.52 | -1.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.84 | -0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 1.07 | -0.81 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 1.12 | -0.77 |
Drawdowns
IUAG.L vs. CNDX.L - Drawdown Comparison
The maximum IUAG.L drawdown since its inception was -19.01%, smaller than the maximum CNDX.L drawdown of -35.17%. Use the drawdown chart below to compare losses from any high point for IUAG.L and CNDX.L.
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Drawdown Indicators
| IUAG.L | CNDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.01% | -35.17% | +16.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.02% | -11.00% | +7.98% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -22.44% | +16.39% |
Max Drawdown (5Y)Largest decline over 5 years | -18.19% | -35.17% | +16.98% |
Max Drawdown (10Y)Largest decline over 10 years | -19.01% | -35.17% | +16.16% |
Current DrawdownCurrent decline from peak | -3.34% | -0.76% | -2.58% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -5.30% | +1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 3.07% | -2.10% |
Volatility
IUAG.L vs. CNDX.L - Volatility Comparison
The current volatility for iShares US Aggregate Bond UCITS ETF USD Distributing (IUAG.L) is 1.51%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 4.90%. This indicates that IUAG.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
| IUAG.L | CNDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 4.90% | -3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 11.88% | -8.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 15.79% | -11.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.14% | 20.87% | -14.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 20.07% | -14.81% |
IUAG.L vs. CNDX.L - Expense Ratio Comparison
IUAG.L has a 0.25% expense ratio, which is lower than CNDX.L's 0.33% expense ratio.
Dividends
IUAG.L vs. CNDX.L - Dividend Comparison
IUAG.L's dividend yield for the trailing twelve months is around 3.89%, 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% | 0.02% | 0.05% | 0.06% | 0.03% | 0.04% | 0.07% | 0.06% | 0.30% | 0.16% | 0.16% |
IUAG.L iShares US Aggregate Bond UCITS ETF USD Distributing | 3.89% | 3.72% | 3.62% | 3.02% | 2.12% | 1.72% | 2.05% | 2.64% | 2.44% | 2.04% | 1.72% | 1.60% |
Frequently Asked Questions
IUAG.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, IUAG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUAG.L is cheaper with a 0.25% expense ratio, compared with 0.33% for CNDX.L.
IUAG.L is categorized as Total Bond Market, while CNDX.L is Nasdaq-100. IUAG.L tracks Bloomberg US Aggregate Bond Index, while CNDX.L tracks NASDAQ-100 Index. Their fees differ too: 0.25% for IUAG.L and 0.33% for CNDX.L.
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