OEF vs. CNDX.L
OEF (iShares S&P 100 ETF) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - OEF is a Large Cap Blend Equities fund tracking the S&P 100 Index, while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, OEF returned 16.50%/yr vs 21.60%/yr for CNDX.L. A 0.54 correlation means they provide meaningful diversification when combined. OEF charges 0.20%/yr vs 0.33%/yr for CNDX.L.
Performance
OEF vs. CNDX.L - Performance Comparison
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Returns By Period
In the year-to-date period, OEF achieves a 6.55% return, which is significantly lower than CNDX.L's 16.86% return. Over the past 10 years, OEF has underperformed CNDX.L with an annualized return of 16.50%, while CNDX.L has yielded a comparatively higher 21.60% annualized return.
OEF
- 1D
- 0.24%
- 1M
- -1.73%
- YTD
- 6.55%
- 6M
- 7.16%
- 1Y
- 24.07%
- 3Y*
- 22.62%
- 5Y*
- 14.89%
- 10Y*
- 16.50%
CNDX.L
- 1D
- 3.01%
- 1M
- 1.60%
- YTD
- 16.86%
- 6M
- 18.12%
- 1Y
- 35.84%
- 3Y*
- 26.24%
- 5Y*
- 16.67%
- 10Y*
- 21.60%
OEF vs. CNDX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OEF iShares S&P 100 ETF | 6.55% | 19.80% | 30.74% | 32.71% | -21.03% | 29.18% | 21.21% | 31.87% | -4.16% | 21.82% |
CNDX.L iShares NASDAQ 100 UCITS ETF | 16.86% | 19.75% | 26.42% | 56.22% | -33.49% | 27.92% | 48.25% | 37.96% | -1.08% | 31.91% |
Correlation
The correlation between OEF and CNDX.L is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2010 | 0.54 |
The correlation between OEF and CNDX.L shifts across timeframes, from 0.54 (all time) to 0.70 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
OEF vs. CNDX.L — Risk / Return Rank
OEF
CNDX.L
OEF vs. CNDX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 100 ETF (OEF) 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.
| OEF | CNDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.38 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 3.24 | -1.06 |
| Martin ratioReturn relative to average drawdown | 8.97 | 11.35 | -2.37 |
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Drawdowns
OEF vs. CNDX.L - Drawdown Comparison
The maximum OEF drawdown since its inception was -54.11%, which is greater than CNDX.L's maximum drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for OEF and CNDX.L.
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Drawdown Indicators
| OEF | CNDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.11% | -35.21% | -18.90% |
Max Drawdown (1Y)Largest decline over 1 year | -11.06% | -11.00% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -19.80% | -22.44% | +2.64% |
Max Drawdown (5Y)Largest decline over 5 years | -26.47% | -35.21% | +8.74% |
Max Drawdown (10Y)Largest decline over 10 years | -31.44% | -35.21% | +3.77% |
Current DrawdownCurrent decline from peak | -3.62% | -3.08% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -11.75% | -5.13% | -6.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 3.15% | -0.46% |
Volatility
OEF vs. CNDX.L - Volatility Comparison
The current volatility for iShares S&P 100 ETF (OEF) is 4.58%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 6.21%. This indicates that OEF 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
| OEF | CNDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 6.21% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.24% | 12.72% | -2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.20% | 16.44% | -3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.76% | 20.99% | -3.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.48% | 20.12% | -1.64% |
OEF vs. CNDX.L - Expense Ratio Comparison
OEF has a 0.20% expense ratio, which is lower than CNDX.L's 0.33% expense ratio.
Dividends
OEF vs. CNDX.L - Dividend Comparison
OEF's dividend yield for the trailing twelve months is around 0.86%, while CNDX.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
OEF iShares S&P 100 ETF | 0.86% | 0.81% | 1.03% | 1.19% | 1.55% | 1.06% | 1.43% | 1.87% | 2.09% | 1.81% | 2.07% | 2.11% |
Frequently Asked Questions
OEF and CNDX.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OEF is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OEF is cheaper with a 0.20% expense ratio, compared with 0.33% for CNDX.L.
OEF is categorized as Large Cap Blend Equities, while CNDX.L is Nasdaq-100. OEF tracks S&P 100 Index, while CNDX.L tracks NASDAQ-100 Index. Their fees differ too: 0.20% for OEF and 0.33% for CNDX.L.
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