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

MAGG.L vs. CNDX.L

Last updated Jun 5, 2026

MAGG.L (BlackRock ESG Multi-Asset Growth Portfolio UCITS ETF GBP Hedged (Acc)) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - MAGG.L is a Diversified Portfolio fund tracking the Morningstar UK Mod Adv Tgt Alloc NR GBP, while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, MAGG.L returned 9.03%/yr vs 18.88%/yr for CNDX.L. A 0.75 correlation means they provide meaningful diversification when combined. MAGG.L charges 0.25%/yr vs 0.33%/yr for CNDX.L.

Performance

MAGG.L vs. CNDX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in BlackRock ESG Multi-Asset Growth Portfolio UCITS ETF GBP Hedged (Acc) (MAGG.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

MAGG.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, MAGG.L achieves a 12.91% return, which is significantly lower than CNDX.L's 20.14% return.

MAGG.L

1D
-0.08%
1M
5.44%
YTD
12.91%
6M
14.15%
1Y
26.97%
3Y*
16.76%
5Y*
9.03%
10Y*
—

CNDX.L

1D
-0.66%
1M
9.52%
YTD
20.14%
6M
18.27%
1Y
41.64%
3Y*
24.77%
5Y*
18.88%
10Y*
22.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020
MAGG.L
BlackRock ESG Multi-Asset Growth Portfolio UCITS ETF GBP Hedged (Acc)		12.91%10.89%19.68%12.90%-17.33%18.23%6.63%
CNDX.L
iShares NASDAQ 100 UCITS ETF		20.14%11.22%28.66%48.50%-25.54%29.17%6.82%

Correlation

The correlation between MAGG.L and CNDX.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

0.76

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

0.76

Correlation (All Time)
Calculated using the full available price history since Sep 17, 2020

0.75

The correlation between MAGG.L and CNDX.L has been stable across timeframes, ranging from 0.75 to 0.79 - a consistent structural relationship.

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

Sectors
MAGG.L
CNDX.L

Technology

32.3%
57.3%

Financial Services

15.1%
0.2%

Industrials

10.6%
2.8%

Consumer Cyclical

9.2%
11.6%

Communication Services

8.9%
14.5%

Healthcare

8.5%
3.8%

Consumer Defensive

4.1%
6.9%

Utilities

3.5%
1.3%

Energy

3.0%
0.5%

Basic Materials

2.8%
1.1%

Real Estate

2.1%
0.1%

Technology

MAGG.L
32.3%
CNDX.L
57.3%

Financial Services

MAGG.L
15.1%
CNDX.L
0.2%

Industrials

MAGG.L
10.6%
CNDX.L
2.8%

Consumer Cyclical

MAGG.L
9.2%
CNDX.L
11.6%

Communication Services

MAGG.L
8.9%
CNDX.L
14.5%

Healthcare

MAGG.L
8.5%
CNDX.L
3.8%

Consumer Defensive

MAGG.L
4.1%
CNDX.L
6.9%

Utilities

MAGG.L
3.5%
CNDX.L
1.3%

Energy

MAGG.L
3.0%
CNDX.L
0.5%

Basic Materials

MAGG.L
2.8%
CNDX.L
1.1%

Real Estate

MAGG.L
2.1%
CNDX.L
0.1%

Compare stocks, funds, or ETFs

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

BlackRock ESG Multi-Asset Growth Portfolio UCITS ETF GBP Hedged (Acc)

iShares NASDAQ 100 UCITS ETF

Often compared with MAGG.L:
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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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MAGG.L
MAGG.L Risk / Return Rank: 8181
Overall Rank
MAGG.L Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
MAGG.L Sortino Ratio Rank: 8686
Sortino Ratio Rank
MAGG.L Omega Ratio Rank: 8383
Omega Ratio Rank
MAGG.L Calmar Ratio Rank: 7474
Calmar Ratio Rank
MAGG.L Martin Ratio Rank: 8181
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.

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

This table presents a comparison of risk-adjusted performance metrics for BlackRock ESG Multi-Asset Growth Portfolio UCITS ETF GBP Hedged (Acc) (MAGG.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.

MAGG.LCNDX.LDifference
Sharpe ratioReturn per unit of total volatility
2.61
2.61

0.00

Sortino ratioReturn per unit of downside risk
3.80
3.49

+0.31

Omega ratioGain probability vs. loss probability

1.49

1.46

+0.03

Calmar ratioReturn relative to maximum drawdown

3.65

3.70

-0.05

Martin ratioReturn relative to average drawdown

15.82

10.51

+5.30

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

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

The current MAGG.L Sharpe Ratio is 2.61, which is comparable to the CNDX.L Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of MAGG.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

MAGG.LCNDX.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.61

2.61

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.75

0.94

-0.19

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.11

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.87

1.17

-0.31

Drawdowns

MAGG.L vs. CNDX.L - Drawdown Comparison

The maximum MAGG.L drawdown since its inception was -21.07%, smaller than the maximum CNDX.L drawdown of -27.74%. Use the drawdown chart below to compare losses from any high point for MAGG.L and CNDX.L.

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Drawdown Indicators

MAGG.LCNDX.LDifference

Max Drawdown

Largest peak-to-trough decline

-21.07%

-27.74%

+6.67%

Max Drawdown (1Y)

Largest decline over 1 year

-7.36%

-11.11%

+3.75%

Max Drawdown (3Y)

Largest decline over 3 years

-17.71%

-24.37%

+6.66%

Max Drawdown (5Y)

Largest decline over 5 years

-21.07%

-27.74%

+6.67%

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.74%

—

Current Drawdown

Current decline from peak

-0.78%

-0.66%

-0.12%

Average Drawdown

Average peak-to-trough decline

-5.72%

-4.72%

-1.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.70%

3.93%

-2.23%

Volatility

MAGG.L vs. CNDX.L - Volatility Comparison

The current volatility for BlackRock ESG Multi-Asset Growth Portfolio UCITS ETF GBP Hedged (Acc) (MAGG.L) is 3.58%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 4.89%. This indicates that MAGG.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

MAGG.LCNDX.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.58%

4.89%

-1.31%

Volatility (6M)

Calculated over the trailing 6-month period

8.06%

11.60%

-3.54%

Volatility (1Y)

Calculated over the trailing 1-year period

10.28%

15.74%

-5.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.08%

20.08%

-8.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.05%

20.20%

-8.15%

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

MAGG.L has a 0.25% expense ratio, which is lower than CNDX.L's 0.33% expense ratio.

Dividends

MAGG.L vs. CNDX.L - Dividend Comparison

Neither MAGG.L nor CNDX.L has 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%
MAGG.L
BlackRock ESG Multi-Asset Growth Portfolio UCITS ETF GBP Hedged (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%

Frequently Asked Questions

MAGG.L and CNDX.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.

On fees, MAGG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

MAGG.L is cheaper with a 0.25% expense ratio, compared with 0.33% for CNDX.L.

MAGG.L is categorized as Diversified Portfolio, while CNDX.L is Nasdaq-100. MAGG.L tracks Morningstar UK Mod Adv Tgt Alloc NR GBP, while CNDX.L tracks NASDAQ-100 Index. Their fees differ too: 0.25% for MAGG.L and 0.33% for CNDX.L.

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