IWDE.L vs. CNDX.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI World EUR Hedged UCITS ETF (Acc) (IWDE.L) and iShares NASDAQ 100 UCITS ETF (CNDX.L).

IWDE.L and CNDX.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWDE.L is a passively managed fund by iShares that tracks the performance of the MSCI World 100% Hedged to EUR Index. It was launched on Sep 30, 2010. CNDX.L is a passively managed fund by iShares that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 26, 2010. Both IWDE.L and CNDX.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IWDE.L vs. CNDX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI World EUR Hedged UCITS ETF (Acc) (IWDE.L) and iShares NASDAQ 100 UCITS ETF (CNDX.L). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWDE.L iShares MSCI World EUR Hedged UCITS ETF (Acc)	-2.56%	16.39%	19.76%	21.13%	-18.36%	23.42%	11.49%	23.65%	-10.06%	16.85%
CNDX.L iShares NASDAQ 100 UCITS ETF	-3.67%	5.54%	34.80%	51.63%	-29.33%	37.53%	36.10%	41.19%	3.62%	16.09%

Different Trading Currencies

IWDE.L is traded in EUR, while CNDX.L is traded in USD. To make them comparable, the CNDX.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IWDE.L achieves a -2.56% return, which is significantly higher than CNDX.L's -3.67% return. Over the past 10 years, IWDE.L has underperformed CNDX.L with an annualized return of 10.30%, while CNDX.L has yielded a comparatively higher 18.72% annualized return.

IWDE.L

• 1D: 2.62%
• 1M: -3.68%
• YTD: -2.56%
• 6M: 0.66%
• 1Y: 16.80%
• 3Y*: 15.56%
• 5Y*: 9.10%
• 10Y*: 10.30%

CNDX.L

• 1D: 3.21%
• 1M: -1.97%
• YTD: -3.67%
• 6M: -0.86%
• 1Y: 16.30%
• 3Y*: 20.42%
• 5Y*: 13.46%
• 10Y*: 18.72%

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

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

IWDE.L has a 0.55% expense ratio, which is higher than CNDX.L's 0.33% expense ratio.

IWDE.L

iShares MSCI World EUR Hedged UCITS ETF (Acc)

CNDX.L

iShares NASDAQ 100 UCITS ETF

Return for Risk

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

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

IWDE.L

IWDE.L Risk / Return Rank: 63
IWDE.L Sharpe Ratio Rank: 60
IWDE.L Sortino Ratio Rank: 58
IWDE.L Omega Ratio Rank: 59
IWDE.L Calmar Ratio Rank: 68
IWDE.L Martin Ratio Rank: 71

CNDX.L

CNDX.L Risk / Return Rank: 77
CNDX.L Sharpe Ratio Rank: 68
CNDX.L Sortino Ratio Rank: 71
CNDX.L Omega Ratio Rank: 65
CNDX.L Calmar Ratio Rank: 91
CNDX.L Martin Ratio Rank: 90

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World EUR Hedged UCITS ETF (Acc) (IWDE.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.

	IWDE.L	CNDX.L	Difference
Sharpe ratio Return per unit of total volatility	1.11	0.79	+0.32
Sortino ratio Return per unit of downside risk	1.58	1.20	+0.39
Omega ratio Gain probability vs. loss probability	1.23	1.17	+0.07
Calmar ratio Return relative to maximum drawdown	1.96	2.80	-0.84
Martin ratio Return relative to average drawdown	8.33	8.47	-0.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current IWDE.L Sharpe Ratio is 1.11, which is higher than the CNDX.L Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of IWDE.L and CNDX.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IWDE.L	CNDX.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	0.79	+0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.65	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.92	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	1.04	-0.39

Correlation

The correlation between IWDE.L and CNDX.L is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IWDE.L vs. CNDX.L - Dividend Comparison

Neither IWDE.L nor CNDX.L has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWDE.L iShares MSCI World EUR Hedged UCITS ETF (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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%

Drawdowns

IWDE.L vs. CNDX.L - Drawdown Comparison

The maximum IWDE.L drawdown since its inception was -33.32%, which is greater than CNDX.L's maximum drawdown of -31.40%. Use the drawdown chart below to compare losses from any high point for IWDE.L and CNDX.L.

Drawdown Indicators

	IWDE.L	CNDX.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.32%	-35.17%	+1.85%
Max Drawdown (1Y) Largest decline over 1 year	-11.61%	-12.06%	+0.45%
Max Drawdown (5Y) Largest decline over 5 years	-23.72%	-35.17%	+11.45%
Max Drawdown (10Y) Largest decline over 10 years	-33.32%	-35.17%	+1.85%
Current Drawdown Current decline from peak	-4.75%	-7.55%	+2.80%
Average Drawdown Average peak-to-trough decline	-4.54%	-5.35%	+0.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	2.95%	-0.97%

Volatility

IWDE.L vs. CNDX.L - Volatility Comparison

The current volatility for iShares MSCI World EUR Hedged UCITS ETF (Acc) (IWDE.L) is 5.19%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 6.02%. This indicates that IWDE.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.

Volatility by Period

	IWDE.L	CNDX.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	6.02%	-0.83%
Volatility (6M) Calculated over the trailing 6-month period	8.70%	12.26%	-3.56%
Volatility (1Y) Calculated over the trailing 1-year period	15.09%	20.53%	-5.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.83%	20.55%	-5.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.33%	20.35%	-5.02%