NDX1.DE vs. CNX1.L
Compare and contrast key facts about Nordex SE (NDX1.DE) and iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L).
CNX1.L is a passively managed fund by iShares that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 26, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NDX1.DE or CNX1.L.
Correlation
The correlation between NDX1.DE and CNX1.L is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NDX1.DE vs. CNX1.L - Performance Comparison
Key characteristics
NDX1.DE:
0.23
CNX1.L:
1.45
NDX1.DE:
0.60
CNX1.L:
1.99
NDX1.DE:
1.07
CNX1.L:
1.27
NDX1.DE:
0.10
CNX1.L:
1.97
NDX1.DE:
0.58
CNX1.L:
5.89
NDX1.DE:
15.56%
CNX1.L:
4.09%
NDX1.DE:
39.15%
CNX1.L:
16.55%
NDX1.DE:
-98.49%
CNX1.L:
-27.56%
NDX1.DE:
-87.12%
CNX1.L:
-1.68%
Returns By Period
In the year-to-date period, NDX1.DE achieves a 1.42% return, which is significantly lower than CNX1.L's 2.93% return. Over the past 10 years, NDX1.DE has underperformed CNX1.L with an annualized return of -2.92%, while CNX1.L has yielded a comparatively higher 20.44% annualized return.
NDX1.DE
1.42%
-8.41%
-17.41%
7.83%
0.95%
-2.92%
CNX1.L
2.93%
1.07%
16.18%
24.18%
19.23%
20.44%
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Risk-Adjusted Performance
NDX1.DE vs. CNX1.L — Risk-Adjusted Performance Rank
NDX1.DE
CNX1.L
NDX1.DE vs. CNX1.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nordex SE (NDX1.DE) and iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.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.
Dividends
NDX1.DE vs. CNX1.L - Dividend Comparison
Neither NDX1.DE nor CNX1.L has paid dividends to shareholders.
Drawdowns
NDX1.DE vs. CNX1.L - Drawdown Comparison
The maximum NDX1.DE drawdown since its inception was -98.49%, which is greater than CNX1.L's maximum drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for NDX1.DE and CNX1.L. For additional features, visit the drawdowns tool.
Volatility
NDX1.DE vs. CNX1.L - Volatility Comparison
Nordex SE (NDX1.DE) has a higher volatility of 12.12% compared to iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) at 5.44%. This indicates that NDX1.DE's price experiences larger fluctuations and is considered to be riskier than CNX1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.