IUMD.L vs. CNX1.L

Last updated Jun 26, 2026

IUMD.L (iShares Edge MSCI USA Momentum Factor UCITS ETF USD (Dist)) and CNX1.L (iShares NASDAQ 100 UCITS ETF USD (Acc)) are both exchange-traded funds - IUMD.L is a Momentum fund tracking the MSCI USA Momentum Index, while CNX1.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, IUMD.L returned 14.78%/yr vs 15.80%/yr for CNX1.L. A 0.80 correlation means they provide meaningful diversification when combined. IUMD.L charges 0.20%/yr vs 0.36%/yr for CNX1.L.

Performance

IUMD.L vs. CNX1.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI USA Momentum Factor UCITS ETF USD (Dist) (IUMD.L) and iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IUMD.L is traded in USD, while CNX1.L is traded in GBp. To make them comparable, the CNX1.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IUMD.L achieves a 35.14% return, which is significantly higher than CNX1.L's 15.38% return.

IUMD.L

• 1D: 1.62%
• 1M: 7.76%
• YTD: 35.14%
• 6M: 33.35%
• 1Y: 44.74%
• 3Y*: 33.33%
• 5Y*: 14.78%
• 10Y*: —

CNX1.L

• 1D: -0.60%
• 1M: -2.10%
• YTD: 15.38%
• 6M: 14.72%
• 1Y: 31.74%
• 3Y*: 25.88%
• 5Y*: 15.80%
• 10Y*: 21.98%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IUMD.L vs. CNX1.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IUMD.L iShares Edge MSCI USA Momentum Factor UCITS ETF USD (Dist)	35.14%	17.15%	32.76%	9.66%	-18.05%	12.58%	29.56%	27.15%	-8.20%
CNX1.L iShares NASDAQ 100 UCITS ETF USD (Acc)	15.38%	19.98%	26.37%	55.50%	-33.49%	28.32%	47.63%	38.99%	-6.79%

Correlation

The correlation between IUMD.L and CNX1.L is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Feb 23, 2018	0.80

The correlation between IUMD.L and CNX1.L has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.

IUMD.L vs. CNX1.L - Sectors Allocation Comparison

Sectors	IUMD.L	CNX1.L
Technology	50.0%	58.5%
Industrials	16.5%	2.8%
Energy	7.0%	0.5%
Financial Services	6.4%	0.2%
Communication Services	5.2%	14.3%
Healthcare	4.8%	3.7%
Consumer Defensive	3.3%	6.4%
Consumer Cyclical	2.6%	11.4%
Basic Materials	2.1%	1.0%
Utilities	1.1%	1.2%
Real Estate	1.0%	0.1%

Return for Risk

IUMD.L vs. CNX1.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IUMD.L

IUMD.L Risk / Return Rank: 80
IUMD.L Sharpe Ratio Rank: 77
IUMD.L Sortino Ratio Rank: 79
IUMD.L Omega Ratio Rank: 74
IUMD.L Calmar Ratio Rank: 85
IUMD.L Martin Ratio Rank: 86

CNX1.L

CNX1.L Risk / Return Rank: 76
CNX1.L Sharpe Ratio Rank: 83
CNX1.L Sortino Ratio Rank: 80
CNX1.L Omega Ratio Rank: 79
CNX1.L Calmar Ratio Rank: 75
CNX1.L Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IUMD.L vs. CNX1.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Momentum Factor UCITS ETF USD (Dist) (IUMD.L) and iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.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.

	IUMD.L	CNX1.L	Difference
Sharpe ratio: Return per unit of total volatility	2.14	1.93	+0.21
Sortino ratio: Return per unit of downside risk	3.06	2.69	+0.38
Omega ratio: Gain probability vs. loss probability	1.38	1.33	+0.05
Calmar ratio: Return relative to maximum drawdown	4.17	2.88	+1.30
Martin ratio: Return relative to average drawdown	15.76	10.14	+5.62

IUMD.L vs. CNX1.L - Sharpe Ratio Comparison

The current IUMD.L Sharpe Ratio is 2.14, which is comparable to the CNX1.L Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of IUMD.L and CNX1.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IUMD.L vs. CNX1.L - Drawdown Comparison

The maximum IUMD.L drawdown since its inception was -33.70%, roughly equal to the maximum CNX1.L drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for IUMD.L and CNX1.L.

Drawdown Indicators

	IUMD.L	CNX1.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.70%	-35.21%	+1.51%
Max Drawdown (1Y) Largest decline over 1 year	-10.67%	-10.99%	+0.32%
Max Drawdown (3Y) Largest decline over 3 years	-21.56%	-23.11%	+1.55%
Max Drawdown (5Y) Largest decline over 5 years	-31.92%	-35.21%	+3.29%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.21%	—
Current Drawdown Current decline from peak	-1.50%	-4.23%	+2.73%
Average Drawdown Average peak-to-trough decline	-8.70%	-5.48%	-3.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	3.12%	-0.29%

Volatility

IUMD.L vs. CNX1.L - Volatility Comparison

iShares Edge MSCI USA Momentum Factor UCITS ETF USD (Dist) (IUMD.L) has a higher volatility of 8.96% compared to iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) at 6.56%. This indicates that IUMD.L's price experiences larger fluctuations and is considered to be riskier than CNX1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUMD.L	CNX1.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.96%	6.56%	+2.40%
Volatility (6M) Calculated over the trailing 6-month period	18.16%	12.62%	+5.54%
Volatility (1Y) Calculated over the trailing 1-year period	20.81%	16.36%	+4.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.92%	31.51%	-11.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.59%	26.07%	-5.48%

IUMD.L vs. CNX1.L - Expense Ratio Comparison

IUMD.L has a 0.20% expense ratio, which is lower than CNX1.L's 0.36% expense ratio.

Dividends

IUMD.L vs. CNX1.L - Dividend Comparison

IUMD.L's dividend yield for the trailing twelve months is around 0.49%, while CNX1.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CNX1.L iShares NASDAQ 100 UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IUMD.L iShares Edge MSCI USA Momentum Factor UCITS ETF USD (Dist)	0.49%	0.87%	0.50%	1.14%	1.41%	0.40%	0.67%	1.13%	0.85%

Frequently Asked Questions

Can I hold both IUMD.L and CNX1.L in my portfolio?

IUMD.L and CNX1.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IUMD.L or CNX1.L?

On fees, IUMD.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IUMD.L or CNX1.L?

IUMD.L is cheaper with a 0.20% expense ratio, compared with 0.36% for CNX1.L.

What is the main difference between IUMD.L and CNX1.L?

IUMD.L is categorized as Momentum, while CNX1.L is Nasdaq-100. IUMD.L tracks MSCI USA Momentum Index, while CNX1.L tracks NASDAQ-100 Index. Their fees differ too: 0.20% for IUMD.L and 0.36% for CNX1.L.