NESP.L vs. CNX1.L
NESP.L (Invesco Nasdaq-100 ESG UCITS ETF Acc) and CNX1.L (iShares NASDAQ 100 UCITS ETF USD (Acc)) are both Nasdaq-100 funds - NESP.L tracks the Russell 1000 Growth TR USD while CNX1.L tracks the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, NESP.L returned 25.65%/yr vs 24.68%/yr for CNX1.L. With a 0.98 correlation, they move nearly in lockstep. NESP.L charges 0.25%/yr vs 0.36%/yr for CNX1.L.
Performance
NESP.L vs. CNX1.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with NESP.L having a 20.57% return and CNX1.L slightly lower at 19.85%.
NESP.L
- 1D
- -0.61%
- 1M
- 10.79%
- YTD
- 20.57%
- 6M
- 19.40%
- 1Y
- 44.13%
- 3Y*
- 25.65%
- 5Y*
- —
- 10Y*
- —
CNX1.L
- 1D
- -0.63%
- 1M
- 9.63%
- YTD
- 19.85%
- 6M
- 18.42%
- 1Y
- 41.69%
- 3Y*
- 24.68%
- 5Y*
- 18.83%
- 10Y*
- 22.43%
NESP.L vs. CNX1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NESP.L Invesco Nasdaq-100 ESG UCITS ETF Acc | 20.57% | 12.78% | 28.66% | 48.13% | -25.12% | 8.81% |
CNX1.L iShares NASDAQ 100 UCITS ETF USD (Acc) | 19.85% | 11.57% | 28.51% | 47.71% | -25.53% | 6.72% |
Correlation
The correlation between NESP.L and CNX1.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.98 |
The correlation between NESP.L and CNX1.L has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
NESP.L vs. CNX1.L — Risk / Return Rank
NESP.L
CNX1.L
NESP.L vs. CNX1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq-100 ESG UCITS ETF Acc (NESP.L) 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.
| NESP.L | CNX1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.50 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.67 | 3.76 | -0.09 |
| Martin ratioReturn relative to average drawdown | 10.38 | 11.10 | -0.72 |
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
| NESP.L | CNX1.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.86 | 2.82 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.98 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 1.14 | -0.54 |
Drawdowns
NESP.L vs. CNX1.L - Drawdown Comparison
The maximum NESP.L drawdown since its inception was -26.62%, roughly equal to the maximum CNX1.L drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for NESP.L and CNX1.L.
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Drawdown Indicators
| NESP.L | CNX1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.62% | -27.56% | +0.94% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -11.03% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -26.10% | -24.56% | -1.54% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.56% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.56% | — |
Current DrawdownCurrent decline from peak | -0.61% | -0.63% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -10.26% | -4.57% | -5.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.24% | 3.75% | +0.49% |
Volatility
NESP.L vs. CNX1.L - Volatility Comparison
Invesco Nasdaq-100 ESG UCITS ETF Acc (NESP.L) has a higher volatility of 4.41% compared to iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) at 4.13%. This indicates that NESP.L'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.
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Volatility by Period
| NESP.L | CNX1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 4.13% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 10.95% | 10.38% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.35% | 14.70% | +0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.41% | 19.16% | +10.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.41% | 19.44% | +9.97% |
NESP.L vs. CNX1.L - Expense Ratio Comparison
NESP.L has a 0.25% expense ratio, which is lower than CNX1.L's 0.36% expense ratio.
Dividends
NESP.L vs. CNX1.L - Dividend Comparison
Neither NESP.L nor CNX1.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, NESP.L and CNX1.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, NESP.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NESP.L is cheaper with a 0.25% expense ratio, compared with 0.36% for CNX1.L.
NESP.L tracks Russell 1000 Growth TR USD, while CNX1.L tracks NASDAQ-100 Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.25% for NESP.L and 0.36% for CNX1.L.
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