IWVU.L vs. CNDX.L
IWVU.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - IWVU.L is a Global Equities fund tracking the iShares Edge MSCI World Value Factor UCITS ETF USD (Dist), while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, IWVU.L returned 16.33%/yr vs 15.27%/yr for CNDX.L. A 0.67 correlation means they provide meaningful diversification when combined. IWVU.L charges 0.30%/yr vs 0.33%/yr for CNDX.L.
Performance
IWVU.L vs. CNDX.L - Performance Comparison
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Returns By Period
In the year-to-date period, IWVU.L achieves a 28.22% return, which is significantly higher than CNDX.L's 15.91% return.
IWVU.L
- 1D
- -0.53%
- 1M
- -4.95%
- 6M
- 24.05%
- YTD
- 28.22%
- 1Y
- 55.13%
- 3Y*
- 26.33%
- 5Y*
- 16.33%
- 10Y*
- —
CNDX.L
- 1D
- -0.67%
- 1M
- -3.48%
- 6M
- 16.01%
- YTD
- 15.91%
- 1Y
- 28.40%
- 3Y*
- 23.77%
- 5Y*
- 15.27%
- 10Y*
- 20.97%
IWVU.L vs. CNDX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IWVU.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 28.22% | 40.59% | 4.85% | 19.74% | -9.88% | 20.13% | -3.59% | 18.01% | -15.78% |
CNDX.L iShares NASDAQ 100 UCITS ETF | 15.91% | 19.75% | 26.42% | 56.22% | -33.49% | 27.92% | 48.25% | 37.96% | -8.30% |
Correlation
The correlation between IWVU.L and CNDX.L is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2018 | 0.67 |
The correlation between IWVU.L and CNDX.L has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.
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Return for Risk
IWVU.L vs. CNDX.L — Risk / Return Rank
IWVU.L
CNDX.L
IWVU.L vs. CNDX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVU.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.
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.
| IWVU.L | CNDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.29 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 6.52 | 2.57 | +3.95 |
| Martin ratioReturn relative to average drawdown | 22.24 | 8.61 | +13.63 |
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Drawdowns
IWVU.L vs. CNDX.L - Drawdown Comparison
The maximum IWVU.L drawdown since its inception was -36.21%, roughly equal to the maximum CNDX.L drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for IWVU.L and CNDX.L.
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Drawdown Indicators
| IWVU.L | CNDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.21% | -35.21% | -1.00% |
Max Drawdown (1Y)Largest decline over 1 year | -8.56% | -11.00% | +2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -14.45% | -22.44% | +7.99% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -35.21% | +8.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.21% | — |
Current DrawdownCurrent decline from peak | -5.33% | -3.87% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -6.67% | -5.12% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 3.29% | -0.77% |
Volatility
IWVU.L vs. CNDX.L - Volatility Comparison
iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVU.L) has a higher volatility of 6.26% compared to iShares NASDAQ 100 UCITS ETF (CNDX.L) at 5.89%. This indicates that IWVU.L's price experiences larger fluctuations and is considered to be riskier 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
| IWVU.L | CNDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 5.89% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 13.78% | +1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.06% | 17.32% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.31% | 21.15% | -4.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 20.13% | -2.22% |
IWVU.L vs. CNDX.L - Expense Ratio Comparison
IWVU.L has a 0.30% expense ratio, which is lower than CNDX.L's 0.33% expense ratio.
Dividends
IWVU.L vs. CNDX.L - Dividend Comparison
IWVU.L's dividend yield for the trailing twelve months is around 1.92%, while CNDX.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CNDX.L iShares NASDAQ 100 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWVU.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 1.92% | 2.50% | 3.17% | 3.23% | 3.17% | 2.63% | 2.25% | 2.83% | 2.51% |
Frequently Asked Questions
IWVU.L and CNDX.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWVU.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWVU.L is cheaper with a 0.30% expense ratio, compared with 0.33% for CNDX.L.
IWVU.L is categorized as Global Equities, while CNDX.L is Nasdaq-100. IWVU.L tracks iShares Edge MSCI World Value Factor UCITS ETF USD (Dist), while CNDX.L tracks NASDAQ-100 Index. Their fees differ too: 0.30% for IWVU.L and 0.33% for CNDX.L.
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