IWDA.AS vs. CNDX.AS
IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) and CNDX.AS (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - IWDA.AS is a Global Equities fund tracking the MSCI ACWI NR USD, while CNDX.AS is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, IWDA.AS returned 12.88%/yr vs 21.38%/yr for CNDX.AS. Their correlation of 0.86 suggests significant overlap in exposure. IWDA.AS charges 0.20%/yr vs 0.36%/yr for CNDX.AS.
Performance
IWDA.AS vs. CNDX.AS - Performance Comparison
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Returns By Period
In the year-to-date period, IWDA.AS achieves a 11.10% return, which is significantly lower than CNDX.AS's 21.89% return. Over the past 10 years, IWDA.AS has underperformed CNDX.AS with an annualized return of 12.88%, while CNDX.AS has yielded a comparatively higher 21.38% annualized return.
IWDA.AS
- 1D
- -0.31%
- 1M
- 5.58%
- YTD
- 11.10%
- 6M
- 11.60%
- 1Y
- 23.84%
- 3Y*
- 17.67%
- 5Y*
- 12.89%
- 10Y*
- 12.88%
CNDX.AS
- 1D
- 0.15%
- 1M
- 11.52%
- YTD
- 21.89%
- 6M
- 20.33%
- 1Y
- 38.95%
- 3Y*
- 25.16%
- 5Y*
- 18.85%
- 10Y*
- 21.38%
IWDA.AS vs. CNDX.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 11.10% | 7.08% | 27.23% | 19.89% | -13.54% | 32.54% | 6.20% | 29.58% | -4.16% | 7.49% |
CNDX.AS iShares NASDAQ 100 UCITS ETF | 21.89% | 6.16% | 35.29% | 50.41% | -29.90% | 38.80% | 35.83% | 40.51% | 4.53% | 16.12% |
Correlation
The correlation between IWDA.AS and CNDX.AS is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2011 | 0.86 |
The correlation between IWDA.AS and CNDX.AS has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.
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Return for Risk
IWDA.AS vs. CNDX.AS — Risk / Return Rank
IWDA.AS
CNDX.AS
IWDA.AS vs. CNDX.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) and iShares NASDAQ 100 UCITS ETF (CNDX.AS). 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.
| IWDA.AS | CNDX.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.44 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 3.82 | -0.17 |
| Martin ratioReturn relative to average drawdown | 14.56 | 11.35 | +3.21 |
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
| IWDA.AS | CNDX.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.49 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.94 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 1.07 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 1.03 | -0.21 |
Drawdowns
IWDA.AS vs. CNDX.AS - Drawdown Comparison
The maximum IWDA.AS drawdown since its inception was -33.63%, which is greater than CNDX.AS's maximum drawdown of -31.21%. Use the drawdown chart below to compare losses from any high point for IWDA.AS and CNDX.AS.
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Drawdown Indicators
| IWDA.AS | CNDX.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -31.21% | -2.42% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -10.06% | +3.61% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | -26.57% | +4.98% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -31.21% | +9.62% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -31.21% | -2.42% |
Current DrawdownCurrent decline from peak | -0.31% | 0.00% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -5.45% | +1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 3.40% | -1.77% |
Volatility
IWDA.AS vs. CNDX.AS - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) is 2.79%, while iShares NASDAQ 100 UCITS ETF (CNDX.AS) has a volatility of 4.25%. This indicates that IWDA.AS experiences smaller price fluctuations and is considered to be less risky than CNDX.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWDA.AS | CNDX.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 4.25% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 10.70% | -3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.96% | 15.52% | -4.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.08% | 19.73% | -5.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 19.61% | -4.61% |
IWDA.AS vs. CNDX.AS - Expense Ratio Comparison
IWDA.AS has a 0.20% expense ratio, which is lower than CNDX.AS's 0.36% expense ratio.
Dividends
IWDA.AS vs. CNDX.AS - Dividend Comparison
Neither IWDA.AS nor CNDX.AS has paid dividends to shareholders.
Frequently Asked Questions
IWDA.AS and CNDX.AS have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWDA.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.AS is cheaper with a 0.20% expense ratio, compared with 0.36% for CNDX.AS.
IWDA.AS is categorized as Global Equities, while CNDX.AS is Nasdaq-100. IWDA.AS tracks MSCI ACWI NR USD, while CNDX.AS tracks NASDAQ-100 Index. Their fees differ too: 0.20% for IWDA.AS and 0.36% for CNDX.AS.
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