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IUSP.L vs. CNDX.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IUSP.L vs. CNDX.L

Last updated Jun 5, 2026

IUSP.L (iShares US Property Yield UCITS ETF) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - IUSP.L is a REIT fund tracking the FTSE EPRA Nareit United States TR USD, while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, IUSP.L returned 6.52%/yr vs 22.61%/yr for CNDX.L. At a 0.36 correlation, their price movements are largely independent. IUSP.L charges 0.40%/yr vs 0.33%/yr for CNDX.L.

Performance

IUSP.L vs. CNDX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares US Property Yield UCITS ETF (IUSP.L) and iShares NASDAQ 100 UCITS ETF (CNDX.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IUSP.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, IUSP.L achieves a 13.45% return, which is significantly lower than CNDX.L's 20.90% return. Over the past 10 years, IUSP.L has underperformed CNDX.L with an annualized return of 6.52%, while CNDX.L has yielded a comparatively higher 22.61% annualized return.

IUSP.L

1D
0.01%
1M
2.07%
YTD
13.45%
6M
13.27%
1Y
16.59%
3Y*
8.66%
5Y*
5.55%
10Y*
6.52%

CNDX.L

1D
0.00%
1M
10.21%
YTD
20.90%
6M
19.02%
1Y
42.53%
3Y*
25.03%
5Y*
19.03%
10Y*
22.61%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IUSP.L vs. CNDX.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IUSP.L
iShares US Property Yield UCITS ETF		13.45%-3.93%7.50%7.68%-14.52%44.90%-13.29%18.62%2.32%-4.08%
CNDX.L
iShares NASDAQ 100 UCITS ETF		20.14%11.22%28.66%48.50%-25.54%29.17%43.97%32.82%4.84%20.91%

Correlation

The correlation between IUSP.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

0.22

Correlation (5Y)
Calculated over the trailing 5-year period

0.33

Correlation (10Y)
Calculated over the trailing 10-year period

0.35

Correlation (All Time)
Calculated using the full available price history since Sep 16, 2010

0.36

Over the past year, the correlation between IUSP.L and CNDX.L has dropped to 0.13 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.

IUSP.L vs. CNDX.L - Sectors Allocation Comparison

Sectors
IUSP.L
CNDX.L

Real Estate

100.0%
0.1%

Basic Materials

-

1.1%

Communication Services

-

14.5%

Consumer Cyclical

-

11.6%

Consumer Defensive

-

6.9%

Energy

-

0.5%

Financial Services

-

0.2%

Healthcare

-

3.8%

Industrials

-

2.8%

Technology

-

57.3%

Utilities

-

1.3%

Real Estate

IUSP.L
100.0%
CNDX.L
0.1%

Basic Materials

IUSP.L

-

CNDX.L
1.1%

Communication Services

IUSP.L

-

CNDX.L
14.5%

Consumer Cyclical

IUSP.L

-

CNDX.L
11.6%

Consumer Defensive

IUSP.L

-

CNDX.L
6.9%

Energy

IUSP.L

-

CNDX.L
0.5%

Financial Services

IUSP.L

-

CNDX.L
0.2%

Healthcare

IUSP.L

-

CNDX.L
3.8%

Industrials

IUSP.L

-

CNDX.L
2.8%

Technology

IUSP.L

-

CNDX.L
57.3%

Utilities

IUSP.L

-

CNDX.L
1.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares US Property Yield UCITS ETF

iShares NASDAQ 100 UCITS ETF

Often compared with IUSP.L:
IUSP.L vs. IWDP.LIUSP.L vs. IPRP.LIUSP.L vs. VNQIUSP.L vs. IUKP.LIUSP.L vs. BBOX.LIUSP.L vs. HPRO.LIUSP.L vs. GBRE.L
Often compared with CNDX.L:
CNDX.L vs. QQQCNDX.L vs. EQQQ.DECNDX.L vs. SXRV.DECNDX.L vs. CNX1.LCNDX.L vs. CSPX.LCNDX.L vs. EQQU.LCNDX.L vs. VWRA.L

Return for Risk

IUSP.L vs. CNDX.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IUSP.L
IUSP.L Risk / Return Rank: 4141
Overall Rank
IUSP.L Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
IUSP.L Sortino Ratio Rank: 3737
Sortino Ratio Rank
IUSP.L Omega Ratio Rank: 3636
Omega Ratio Rank
IUSP.L Calmar Ratio Rank: 5353
Calmar Ratio Rank
IUSP.L Martin Ratio Rank: 3939
Martin Ratio Rank
CNDX.L
CNDX.L Risk / Return Rank: 7575
Overall Rank
CNDX.L Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
CNDX.L Sortino Ratio Rank: 7979
Sortino Ratio Rank
CNDX.L Omega Ratio Rank: 7474
Omega Ratio Rank
CNDX.L Calmar Ratio Rank: 7373
Calmar Ratio Rank
CNDX.L Martin Ratio Rank: 7171
Martin Ratio Rank
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.

IUSP.L vs. CNDX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares US Property Yield UCITS ETF (IUSP.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.

IUSP.LCNDX.LDifference
Sharpe ratioReturn per unit of total volatility
1.31
2.66

-1.35

Sortino ratioReturn per unit of downside risk
1.89
3.56

-1.67

Omega ratioGain probability vs. loss probability

1.23

1.47

-0.24

Calmar ratioReturn relative to maximum drawdown

2.59

3.77

-1.19

Martin ratioReturn relative to average drawdown

6.00

10.74

-4.73

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUSP.L vs. CNDX.L - Sharpe Ratio Comparison

The current IUSP.L Sharpe Ratio is 1.31, which is lower than the CNDX.L Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of IUSP.L and CNDX.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.

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Sharpe Ratios by Period

IUSP.LCNDX.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.31

2.66

-1.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.33

0.94

-0.61

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.33

1.12

-0.78

Sharpe Ratio (All Time)

Calculated using the full available price history

0.34

1.17

-0.84

Drawdowns

IUSP.L vs. CNDX.L - Drawdown Comparison

The maximum IUSP.L drawdown since its inception was -62.68%, which is greater than CNDX.L's maximum drawdown of -27.74%. Use the drawdown chart below to compare losses from any high point for IUSP.L and CNDX.L.

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Drawdown Indicators

IUSP.LCNDX.LDifference

Max Drawdown

Largest peak-to-trough decline

-62.68%

-27.74%

-34.94%

Max Drawdown (1Y)

Largest decline over 1 year

-6.38%

-11.11%

+4.73%

Max Drawdown (3Y)

Largest decline over 3 years

-20.65%

-24.37%

+3.72%

Max Drawdown (5Y)

Largest decline over 5 years

-26.86%

-27.74%

+0.88%

Max Drawdown (10Y)

Largest decline over 10 years

-38.97%

-27.74%

-11.23%

Current Drawdown

Current decline from peak

-2.07%

0.00%

-2.07%

Average Drawdown

Average peak-to-trough decline

-11.16%

-4.72%

-6.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.76%

3.93%

-1.17%

Volatility

IUSP.L vs. CNDX.L - Volatility Comparison

The current volatility for iShares US Property Yield UCITS ETF (IUSP.L) is 3.53%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 4.87%. This indicates that IUSP.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

IUSP.LCNDX.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.53%

4.87%

-1.34%

Volatility (6M)

Calculated over the trailing 6-month period

9.40%

11.61%

-2.21%

Volatility (1Y)

Calculated over the trailing 1-year period

12.59%

15.74%

-3.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.64%

20.08%

-3.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.44%

20.20%

-0.76%

IUSP.L vs. CNDX.L - Expense Ratio Comparison

IUSP.L has a 0.40% expense ratio, which is higher than CNDX.L's 0.33% expense ratio.

Dividends

IUSP.L vs. CNDX.L - Dividend Comparison

IUSP.L's dividend yield for the trailing twelve months is around 4.01%, while CNDX.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
IUSP.L
iShares US Property Yield UCITS ETF		4.01%4.31%3.87%4.00%4.62%2.87%4.40%4.08%5.87%4.28%4.37%4.42%

Frequently Asked Questions

IUSP.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 0.40% for IUSP.L.

IUSP.L is categorized as REIT, while CNDX.L is Nasdaq-100. IUSP.L tracks FTSE EPRA Nareit United States TR USD, while CNDX.L tracks NASDAQ-100 Index. Their fees differ too: 0.40% for IUSP.L and 0.33% for CNDX.L.

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